Feld Thoughts
JULY 9, 2019
This was before the IPO Summer of 2019 when all conventional valuation metrics have entered the land of “suspension of disbelief” which is short-term good and long-term well-we-will-see-…-eventually. We ended up talking about using Gross Profit, instead of Revenue, to do valuation analysis. Isn’t accounting fun?
Feld Thoughts
SEPTEMBER 20, 2013
We’ve confidentially submitted an S-1 to the SEC for a planned IPO. After four days of chatter about this, Dan Primack wrote the first definitive article I saw that made sense of all of this titled Twitter’s IPO will not be done in secret. Or worse – for some reason the IPO window closes and you don’t go public.
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Feld Thoughts
AUGUST 25, 2015
Not really; it was a result of an industry investing into a frothy market at higher and higher valuations in expectation of near term liquidity, and suddenly the IPO window shutting, leading to no exits and little additional capital to support these companies. By 1994 the big software wins of the 1980’s were already funded or public.”
Feld Thoughts
DECEMBER 14, 2018
Examples would be “an acquisition” or “a financing” or “an IPO.” ” Or, we won’t hire anyone new, other than replacing attrition, until after we have revenue of $X / person.” I like to start with things that often are optional, but consume a lot of time and energy.
Feld Thoughts
MAY 11, 2017
Is an IPO in your future? That’s the power of compounding SaaS revenue. Once you hit this point, you have a brand, you have a fully baked team, you have a robust product, and you have a self-generating stream of new leads and new business. Will you get from $10m ARR to $100M ARR? I don’t know.
Feld Thoughts
JANUARY 4, 2016
We’ve already heard lots of predictions about the late stage financing market, tech IPOs, and what is going to happen to unicorns this year. Here’s an example from an email exchange I had this morning with the CEO of an early stage company that has growing revenue and a small team. Welcome to 2016. No one really has a clue.
Feld Thoughts
OCTOBER 30, 2014
In it, he talks about how he handles public company stocks that he ends up with either via an IPO or a sale of a company he’s involved in to a public company. And, is multiple of revenue really the correct long term metric? We have somewhat different strategies, but we each have a strategy, which is key.
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