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When Entry Multiples Don’t Matter

Ben's Blog

When Salesforce went public in 2004 as a new kind of CRM provider, its S-1 indicated the CRM applications market was $7B. Ignoring dilution and balance sheet changes, Company Awesome would have made investors ~13x, while Company Good would only have returned ~2x. Not too shabby!

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The IPO Market: Is Larry Bird Walking Through that Door?

Growthink Blog

For the period from 2004 to 2010 a mere 324 did. For perspective, before 2001 over 40% of all venture capital exits were via initial public offerings. By 2010, that percentage had declined to a mere 3%. Or, in hard numbers from 1990 to 1996, 1,272 U.S. companies went public. What does it all mean?

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Citrix Online – a SAAS powerhouse

BeyondVC

According to Phil Wainewright : Acquired as Expertcity in February 2004, the Citrix Online division is an on-demand giant in its own right, with trailing twelve month (TTM) revenues of $121.6 As Phil Wainewright of ZDNet mentions in his blog, let’s not forget about the powerhouse that is now Citrix Online.

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Invest in Israel Newsletter January 2011 Edition

VC Cafe

billion shekels and a combined balance sheet of 20 billion shekels will be entitled to a company tax rate of 8% in the center of the country if they invest at least 800 million shekels in capital improvements. Any industrial company that exports part of its production automatically qualifies for benefits under the law.

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Startup venture and alumni funds

VC Cafe

Now the company wants to allocate some capital off balance sheet to invest into specific startup ideas the CEO, Henry Ward, sees as strategically important. .” What can companies expect apart from funding: Carta Ventures (founded 2012) – Carta recently raised $300 million at a $1.7 “Mature” startup funds.

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Customer (product) value trumps brand value – M&A data

The Equity Kicker

Upon acquiring a business, companies have to value the different assets they acquired for their accounts and balance sheet in accordance with accounting and reporting standards. The beauty of M&A for examining valuation trends is that M&As reveal the dollar valuations of all assets at the time of the acquisition.

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After Facebook's IPO flub, value of tech startups falls back to earth

www.theverge.com

There is an immense amount of capital on the balance sheet of big tech companies and not a lot of value to keeping cash," said Gurley. Check out this article from CNN back in August 2004 and the GOOG IPO troubles. When the market shuts a window, however, it opens a door. Notice the handwringing, the failure.

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