Jeremy Abelson

Founder & Portfolio Manager, Irving Investors

Jeremy Abelson is the founder and lead portfolio manager of Irving Investors.

Jeremy Abelson

IPOs today are getting outsized attention and interest — and we haven’t even broken the seal with venture-backed tech companies yet.

What are public market investors looking for in IPOs?

Capital markets are changing, which means financing options for companies are changing as well.

Investors prefer debt over equity (but not venture debt)

If you are growing slower than 30%, there is a strong chance that you will never be able to match your 2021 valuation.

You’re not going to grow into your 2021 valuation

Crossover funds and VCs have been watching from the sidelines — capital deployment is in somewhat of a “wait and see” mode.

Investors are sitting on mountains of cash: Where will it be deployed?

We speak with about 200 private companies every quarter, and the vast majority of our conversations over the last three months have revolved around one question: What am I worth…

What am I worth now?

For the last decade, private company executives have all asked us the same question: “Do public market investors prefer profitability or growth?”

For the first time in 4 years, profitability beats growth

The IPO market is poised to make an almost complete 180° turnaround after a bleak Q1 and a very quiet summer. In contrast, venture capital investments, which had recalibrated alongside…

While the IPO market roars back, venture remains leery

The IPO market cooled in 2015. There were fewer of them, they raised less capital and performance was down. Investor sentiment and a sideways public market were primary drivers, but…

IPO Slowdown: A Look At Company Profitability

A recent discussion on the tech IPO market yielded the comment “all IPOs this year were down rounds.” Square’s recent IPO priced below its last private offering, spurring Khosla (a…

Down Round Doom? The Data Says No

About three years ago we started noticing a sliver of founders who were obsessively focused on valuations start to make short-term decisions in their fundraising that risked meaningful long-term consequences.…

Big Valuations Come With Dangerous Small Print

With 137% returns in an approximately two year period, there’s logic in mutual funds continuing to throw big dollars into strong IPO candidates, thus significantly inflating valuations. With this encroaching…

No Need For Alarm Over Private Company Valuations