Teare: Economic Independence for Women Is More Important Than Voting Rights
“Well, allowing women to work would seem to be a pretty big step, even more important than allowing women to vote. Because with money comes power, and freeing women of the responsibility for individually raising their children, you know, goes right to the heart…”
Teare: Structural Position of Women in Tech Remains Virtually Unchanged
“But the truth is, the structural position of women is barely changed, except, you know, you can point to very high-profile exceptions, very similar to the structural position of African-Americans or African Europeans, who, you know, you can get a high-profile …”
Teare: RealNames Raised $130M and Filed for $1.5B IPO in 1999
“We raised a hundred and thirty million dollars. We filed for a one and a half billion dollar IPO. In 1999.”
Teare: EasyNet IPO'd Without Ever Raising Venture Capital
“We grew the business from revenue from day one, and we never raised venture capital before we floated on the end market.”
Teare: Foreign Founders in Silicon Valley Are Judged More on Merit
“As a foreigner, you get judged on your merits. Actually easier than Americans. Americans, you know, they do ask which school did you go to each other, and it doesn't matter what the answer is. But if you're a foreigner that, that doesn't play a role.”
Teare: 98% of Seed-Stage Startups Die From Lack of Follow-On Funding
“About 98% of those companies die. And they die because there is no money to fund the next step, which is to build a team and build something really substantial.”
Teare: Series A and B Face Severe Capital Shortage
“There's about five billion dollars available at the seed stage for all the companies every three to five years. There's about one to two billion available at the A and B stage. And then at the growth stage, at the other end, there's more than a hundred billion…”
Teare: Mobile Startups Are Far More Expensive Than Web 2.0 Startups
“And that was somewhat true in the web two oh era, when all you had to build was a web service. It's really no longer true in the mobile era where you have to build an Android app, an iPhone app, a cloud service, and probably a web service as well.”
Teare: VCs Naively Expect $100K to Go Far in Modern Startups
“But the funding environment has kind of got a delayed reaction. It still acts as if it is cheap, and it thinks you can do a lot with a 100,000 dollars, which you can't.”