Agile VC

APRIL 30, 2019

In the last decade or so, high profile consumer IPOs have often gotten lofty valuations. In finance there’s a concept called an embedded option… in short, beyond the baseline value of a bond or other security you also ascribe an additional bucket of value to something triggered by future events.

IPO 100

IPO B2B B2C Institutional Investors 100

Agile VC

NOVEMBER 6, 2013

So their revenue figures, pre IPO financing and ownership, and other info is all widely available. Investors can debate valuation, but it’s patently obvious that Facebook, LinkedIn, Workday, TripAdvisor, and many other startup IPOs of the last 1-2 years are great businesses. From Google Finance.

IPO 194

IPO Aggregator B2B Internet 194

Agile VC

FEBRUARY 2, 2012

I’ll focus for now on the business itself, there’s plenty of other info on the web if you care to understand the equity ownership or financing history of Facebook and frankly this has been fairly well known for awhile. ==. Here’s my first look at Facebook viewed through the lens of their IPO filing. Facebook, Inc.

IPO 100

IPO South Korea Venezuela Revenue 100

Agile VC

NOVEMBER 13, 2012

The IPO market remained closed to IT startups, but there were big acquisitions like Google buying YouTube for $1.65B (Fall 2006) and late stage financing rounds for companies like Facebook (Microsoft round at $15B valuation in Fall 2007). Kevin Rose was on the cover of BusinessWeek.

LP 154

LP Portfolio Venture Capital IRR 154

Agile VC

DECEMBER 6, 2012

Unlike a startup that might raise equity financing across several rounds all combined in a single balance sheet, VC’s do not simply commingle these funds into a single bucket to be allocated across all the companies in that firm’s portfolio. Why wouldn’t Fund IV invest at this stage?

LP 178

LP Balance Sheet Differentiation Limited Partner 178

Agile VC

NOVEMBER 9, 2015

This past Friday Square also filed an initial pricing range of $11-13/sh which would give them an enterprise value less than their last round of financing ($6B post-money). I’ll address potential valuation further down the post here. When it comes to valuation, Square will inevitably compared with other payments companies.

IPO 165

IPO .Net Revenue Acquisition 165