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On Going Public: SPACs, Direct Listings, Public Offerings, and Access to Private Markets

Ben's Blog

There are a number of trends concerning IPOs and capital formation to note: First, the raw number of IPOs has declined significantly: From 1980-2000, the US averaged roughly 300 IPOs per year; from 2001-2016, the average fell to 108 per year. 1999-2000 51.6% Time Period IPO Pop % Above IFR 1999-2000 51.6% 1990-1998 13.3%

SEC 36
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Why Startups Should Raise Money at the Top End of Normal

Both Sides of the Table

Then you can do a little bit of research and find out that very few companies ever achieve this valuation in a trade sale so you’re clearly gunning for an IPO. It was early 2000. They did an inside round, spent a bunch of money and then went through a fire sale of the business less than 2 years later. That was market.

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The Great VC Ice Age is Thawing (for now) – Part 1 of 3

Both Sides of the Table

Just ask anybody who was trying to close funding the fateful week of September 11, 2001 or even March 2000. Three reasons: There is a relative valuation between the price a VC pays and their expectations of what it will exit for in an IPO or trade sale.

Burn Rate 263
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8 Questions to Help Decide if You Should be Raising Money Now

Both Sides of the Table

A year ago I blogged about one of my most common mantras that applies to sales, biz dev & fund raising alike: “ Time is the Enemy of all Deals.&#. If you are able to raise money from credible sources at a reasonable dilution percentage then I personally favor getting the round done now and building your business.

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Should You Share Equity with Consultants?

www.inc.com

Sales & Marketing | Wednesdays. SALES & MARKETING. Besides the future potential earnings youre forgoing, youre also diluting your own ownership in the company. The offering to a consultant may affect your securities compliance in later offerings and will certainly add to further dilution to founders," Durkin says.

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French Tax Law for Start-ups: Ringing the Alarm Bell

Cracking the Code

France has proven its ability to develop innovative internet models Over the past three years, we have invested over $60 million in French technology start-ups with Showroomprive (number 2 in Europe for online private sales), BlaBlaCar ( Covoiturage.fr Such a change would play to France’s advantage and give a boost to the start-up ecosystem.

France 71
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Time is the Enemy of All Deals

Both Sides of the Table

But we weren’t optimizing for dilution – we were building a $1 billion+ company and we wanted the runway to succeed. We moved into the legal process and final due diligence in January and February of 2000. Our final closure was the first week of March 2000. VC, sales, biz dev, M&A or otherwise. Yes, this was stupid.