2009: Top Moments in VC / Tech

Given that we are just about at year-end, I wanted to provide a recap of some of the most memorable moments that took place in the venture capital and technology ecosystem.  Below is a list of  the 10 most important events:

First VC backed technology IPO –  OpenTable goes public at $20/share on May 21st http://www.techcrunch.com/2009/05/21/opentable-has-a-healthy-ipo-shares-shoot-up-40-percent-market-cap-hits-600-million/

First VC backed acquisition (above $500M) – Pure Digital acquired by Cisco for $590M – http://gigaom.com/2009/03/19/cisco-to-buy-pure-digital-for-590m/

First VC backed cleantech IPO – A123 goes public at $17/share on September 23rd http://seekingalpha.com/article/160794-a123-s-ipo-could-open-the-floodgates-for-greentech-sector


Khosla Ventures raises $1.1B – in 2009 most VC funds were shrinking in size, yet Khosla Ventures was able to raise $1.1B, this event was a sign that Limited Partners (L.P.s) we actively seeking investment opportunities in the VC sector – September 1st



Tesla Motors receives $465M from the D.O.E – First technology company to receive a loan guaranty – June 23rd http://www.techcrunch.com/2009/06/23/the-government-comes-through-for-tesla-with-a-465-million-loan-for-its-electric-sedan/


Twitter raises a $100M VC round of financing – at a time when there are questions about the consumer internet sector, this funding provided some positive support that $ can be made in the sector – September 25th



NASDAQ closes above 2,000 – August 3rd- the previous time NASDAQ was above 2,000 was September 30, 2008



Dow Jones Industrial Average closes above 10,000 – October 14th – the previous time the Dow was above 10,000 was October 2, 2008



Apple App Store gets more that 100,000 applications published – November 4th – as you may recall the App Store launched on July 10, 2008 and the creation of the iPhone and App Store has created opportunities for both VCs and Startups to make $$



Facebook Connect is widely adopted by 60M users and 80K sites – the utilization of Facebook Connect has allowed startup companies a way to reduce the time / effort for their users to sign up for a particular service



Other memorable moments which didn’t make my top 10:


Canopy Financial is accused of stealing money from investors – December 10th – this serves as a good reminder that investors need to spend more time on diligence and remember their fiduciary responsibilities



legislation that might change the way Carried Interest is taxed



Adoption of the Android Platform



Did I miss any major moments or events? Let me know your thoughts.

2 thoughts on “2009: Top Moments in VC / Tech

  1. FWIW I’d add a couple of other 2009 stories that I think will have a huge impact in 2010, and they’re both related:

    1) Andreessen Horowitz – I think this fund could prove to be one of the most interesting new VCs in years and I’d watch them for a portfolio that will outperform many established players

    2) Skype – now that Skype owns its own technology it can build out APIs to let the developer community access that 550 million user social graph and quickly become a social platform to be reckoned with

  2. Eric Schmidt leaving the Apple board. That moment captured the new dynamic that will play out in 2010: Google vs. Apple, from the netbook to the smartphone to the search engine (at a minimum for music, once iTunes goes web).

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