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The recent WeWork IPO debacle is certainly a great demonstration of how unreliable and arbitrary private company valuations can be. Six weeks ago WeWork expected to go public at a valuation of as much …
Continue Reading about Now You Know That Private Company Valuations Are Arbitrary →
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What do WeWork, Uber and Blue Apron all have in common? Two things actually. First, their investors have taken a beating in the past year. WeWork just pulled it's IPO, and might become the …
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When I see 99% destruction in value in a once high-flying startup, there must be some useful lessons in there somewhere. I know I'm a bit late on the Tumblr story, but I was on vacation last week! …
Continue Reading about Almost Worthless: What Can We Learn From A 99.7 Percent Writeoff →
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You’ve heard this story before. A startup raises a lot of cash from venture investors over several rounds of fundraising. The company attains the mythical Unicorn status. The billion-dollar valuation. …