The Ledger
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AlleyCorp Does Not Prioritize Target VC Ownership Percentages
“Here's the thing that I don't think about, which is our ownership. Sometimes we're paying a big price, and we're paying a big price because it's an incredible team and an incredible opportunity.”
AlleyCorp Retains 55% to 60% Equity in Its Incubated Startups
“It depends, but, you know, roughly the team and CEO are probably going to get around 40, 45% of the company, and then we will have the rest because we came up with the idea, put in the money, did all the work, ah, and everyone gets paid from day one.”
Investors rejected MongoDB initially over founders' adtech background
“And actually, when we started Mongo, the reason we had trouble raising money, even though we had already had a very successful company, was because people said, you've never done a database before. You have, you, three of you have ad tech backgrounds. It's not…”
Ryan: AlleyCorp invests $1M–$1.5M in incubations; 80% raise follow-on rounds
“When we start a company, We don't bail out on the company, but we put a million, million and a half dollars in. We hire a CEO. If we've made the decision to go forward now, then the market decides because nine months later, they're going to go out to raise mon…”
Kevin Ryan acquired Meetup from WeWork for $10M during early COVID
“Three years ago, I bought the company Meetup for ten million, because WeWork was getting rid of it, and had panicked, and COVID had just started.”
Meetup Pivoted From $20M Loss to $6M Profit After WeWork Buyout
“We also went from a 130 people the day I bought it to 90 people a week later, which is the right amount. Today it has probably 80, or when we sold it had 82 people, and it went from a twenty million dollar loss on thirty-two million in revenue, the, when we wo…”
Ryan: Top Multi-Stage VCs Rarely Compete in AlleyCorp's Seed Deals
“No, we don't see in the last, you know, 20 seed deals they're not in there very often.”
AlleyCorp raises $250 million in its first outside venture fund
“We've been investing really my money in a different structure for the last decade, and, you know, we have a 120 companies in the portfolio have made many investments, started over 20 companies, but we just announced that we, it's the first outside fund with ou…”
Kevin Ryan: AlleyCorp avoids healthcare investments outside the US
“We, you know, we don't do any healthcare outside of the United States because the U S Healthcare market is both enormous and terrible, which is what you want when you're an entrepreneur.”
Kevin Ryan refused early acquisition offers for MongoDB targeting $10B-$20B valuation
“We were never open to selling Mongo, no matter what, because we really thought we were building a 10 or twenty billion dollar company, and so we had confidence.”
Kevin Ryan Sold Business Insider for $450M on $40M in Revenue
“I sold Business Insider not because I wanted to, because we were doing forty million in revenue, and someone offered me four hundred and fifty million dollars for a media company, and so I said, yes.”
Kevin Ryan Sold Meetup for 7x to 8x His $10M Purchase Price
“And, you know, I just sold it was announced in January. So, sold it for seven or eight times that amount.”
Kevin Ryan was the first investor in Argentine neobank Ualá
“I was the first investor in Walla, which is a mobile bank in Argentina.”