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The Interviews - Part 9 - Vc's and Investment Bankers

8/9/2018

 
This is the ninth in a series of 11 videos produced by the Smeal College of Business at The Pennsylvania State University. This one focuses on the IPO run-up.

January 2000 - The Premiere - Part 2

2/17/2015

 

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September 1999 - The Ramp - Part 3

2/11/2015

 
More fun pre-IPO drama...

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September 1999 - The Ramp - Part 2

2/10/2015

 
More about the absolutely crazy pre-IPO frenzy. Things get rather nasty...

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September 1999 - The Ramp - Part 1

2/9/2015

 
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. . . Of the two start-ups [Neoforma and Medibuy], Neoforma has the more technically sophisticated website . . . Neoforma seems to have better technology and stronger managers than its rival . . .

Forbes Magazine, September 1999
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Money brought everything to the surface.

Everything had been set up. The pieces were falling into place. The press was talking about us. Investors were buzzing about us. Wall Street was in a frenzy of excitement. Money was breeding money, and its offspring were fertile at birth...

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June 1999 - The Star - Part 3

2/3/2015

 
Here's the rest of The Star. Things get a bit surreal and intense...

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June 1999 - The Star - Part 2

2/2/2015

 
Here's part two about our quest for a new CEO...

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June 1999 - The Star - Part 1

1/30/2015

 
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UPSIDE’s 1999 Hot 100
. . . They won because we believe they are the hottest private high-tech companies of 1999 . . . Neoforma, founded in 1996, operates an online marketplace linking buyers and sellers of all kinds of medical products. The company is a rising star in the lucrative business-to-business market . . .

UPSIDE Magazine, June 1999
Ariba IPO Goes Through the Roof
It looks like the Internet IPO market is still alive and well. Shares of e-commerce software provider Ariba went through the roof on their first day of trading on Wednesday . . . Ariba stock priced at $23 and closed at $90, a remarkable gain of 291 percent . . . E-commerce software looks hot, hot, hot.

E-Commerce Times, June 24, 1999
Web Firm Neoforma Names to Top Post Zollars From Cardinal
Neoforma Inc., in another example of an Internet company recruiting top management from traditional industries, said it is hiring a senior official of Cardinal Health Inc. to be chairman, president and chief executive . . .

Wall Street Journal, June 28, 1999
Jeff and I had started Neoforma.

We had provided its first monetary food. We had reared the company, nurtured it, guided it, imposed our will and ingrained our personal ethics. But we did not control Neoforma...

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February 1999 - Shadows

1/23/2015

 
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Sizzling Start-ups — 10 E-Commerce Companies to Watch — Health Site’s Business Thrives
Sometimes success is based on the quantity of business as well as the quality. This may prove true in the case of Neoforma, Inc. . . .

Internet Week, February 8, 1999
We were surprised by how long it took for the imitators to arrive. We were even more surprised by how large their flock was.

Nearly three years after starting Neoforma we caught our first glimpse of real, potential competition—mere shadows of shapes, moving along the periphery...

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November 1998 - Make-up and Hair

1/20/2015

 
The Web Hotlist—Web sites worth checking out
Neoforma provides a Web-based community for healthcare professionals that showcases panoramic, 3-D photographic
technology.

InfoWorld, November 23, 1998
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Forget Disintermediation, Portals: There’s a New Buzzword in Town
Another emerging vortex site is Neoforma.com, a Santa Clara, Calif., purveyor of health-care technology and equipment information online . . .

The Wall Street Journal Interactive Edition, November 24, 1998
One-Stop Shop
Billed as the world’s largest resource on medical products, services and information, Neoforma.com . . . provides online access to an inventory of 13,000 suppliers in 8,000 different product categories . . .

Healthcare Informatics, November 1998
As our audience grew, we had to put our best face before the cameras.

Two months earlier, in September, Junglee, which had been founded three months after Neoforma, was sold to Amazon.com for nearly two hundred million dollars in stock...

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May 1998 - Public Relations

1/8/2015

 
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A million bucks was just an entry fee.

Now it was time to play the real game—time to get some real money from a top-tier venture firm and the prestige that goes along with it...
Board Meeting Minutes
Fundraising: The Board reviewed the terms sheet for the Venrock-led investment totaling $3.65 million at a pre-investment fully diluted valuation of $11 million. The Board approved of the terms sheet and the investment, subject to passing a formal resolution when the papers are drawn up . . .

Neoforma Board Meeting, May 5, 1998

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July 1997 - A Square Peg

12/10/2014

 
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Being unique is great. Except when you’re not like everyone else.

Even when it was looking likely that angels like Shawn and Wally would fund us, Jack insisted that we keep exploring other paths. He said he knew consultants who specialized in helping small companies get big funding. And then there were also the venture capitalists (VCs)...

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    About Me

    I am an architect, writer, and serial entrepreneur. 

    I'm also a dichromatic tritan, which means I'm one of between 150 and 1,500 people in the US with this rather extreme form of colorblindness. I write about how colorblindness has profoundly affected my life's path on my other blog: dichromat.com

    My surreal journey as co-founder of Neoforma (formally NASDAQ: NEOF, later acquired by GHX) is the basis for Starting Something, a multiple award-winning book, used in many biz school entrepreneurship classes:

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