Aside from billions in personal wealth and impressive levels of corporate control, what’s the point of being a successful tech CEO these days? I’m not asking in the abstract. There are tweets.
Udemy files to go public on back of growing B2B incomes
If we only valued Udemy on its business revenues, at its final private-market valuation, it would be worth 4.5x its Q2 2021 ARR. That’s incredibly cheap.
What Rent the Runway’s IPO filing says about the business of loaner garments
Rent the Runway has a truly epic selection of items, and shopping for designer items at rental prices is good fun. But is it a good business?
Rich and worried about the world? Put your money where your concern is
Too much bullshit that is bad for the planet gets shrugged off under the protective armor of preserving shareholder value.
Startups have more options than ever to lower their reliance on venture capital
The capital market for startups has perhaps never been more attractive than it is today. Not only are venture capitalists raising more capital than ever, but new methods of financing startup activity are maturing. The result is a capital market that is increasingly competitive for startup attention, and business, which may lead to better prices […]
What Amplitude’s direct listing says about IPO pops (and how startups can avoid them)
If you care about the value of private companies and how they are priced, this is for you. If you do not, please read anything else; you are going to be bored out of your socks.
5 questions for venture capital in Q3
With the third quarter coming to a close, The Exchange is prepping for a lengthy dive into global venture capital results. To kick that off, today we’re asking a series of questions.
Can direct listings really fix the IPO pricing problem?
Even if you are tired of IPOs, the direct listings from Amplitude and Warby Parker warrant your attention.
Bootstrapping in 2021 goes a long way
The well-worn riff that it’s easier than ever to start a company today could be wed to the concept that it’s perhaps cheaper, too. That should bode well for bootstrapping.
It turns out fintech is worth as much as SaaS
The lesson appears to be that revenue growth matters more than near-term margins for fintech companies, allowing them to secure valuations that far surpass their final private marks.