IPOs today are getting outsized attention and interest — and we haven’t even broken the seal with venture-backed tech companies yet.
Capital markets are changing, which means financing options for companies are changing as well.
If you are growing slower than 30%, there is a strong chance that you will never be able to match your 2021 valuation.
Investors are sitting on mountains of cash: Where will it be deployed?
Crossover funds and VCs have been watching from the sidelines — capital deployment is in somewhat of a “wait and see” mode.
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…
For the last decade, private company executives have all asked us the same question: “Do public market investors prefer profitability or 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…
IPO Slowdown: A Look At Company Profitability
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…
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…
Big Valuations Come With Dangerous Small Print
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.…
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…