“The Room Where It Happens” is one of my favorite songs from the excellent musical Hamilton that talks about how Alexander Hamilton, Thomas Jefferson, and James Madison supposedly negotiated in secret to establish what is now the U.S. financial system. And there are a great deal of books and movies that glorify how people in powerful positions set out to decide the future of humanity, wars, and radical changes in secret rooms.
When it comes to business, databases were for a long time ‘the room where it happens’. In a typical IT system, companies build databases with hundreds of…
Network effects, also known as Metcalf’s Law, occur when the value of a product or service to a customer increases by the use of the product by the next customer (more on that from a VC perspective here and from the FTC view on competition here). As the network continuously add new nodes, customers obtain exponential more value by having access to new opportunities and therefore will become less willing to drop out.
August 20, 2011 - Marc Andreessen famously wrote that “Software Is Eating the World”. While the text is great throughout, I love this paragraph:
“In some industries, particularly those with a heavy real-world component such as oil and gas, the software revolution is primarily an opportunity for incumbents. But in many industries, new software ideas will result in the rise of new Silicon Valley-style start-ups that invade existing industries with impunity. Over the next 10 years, the battles between incumbents and software-powered insurgents will be epic. Joseph Schumpeter, the economist who coined the term “creative destruction,” would be proud.”
The Sars-CoV-2 virus that causes the disease called COVID-19 has hit every single aspect of our lives with an unimaginable death toll across the world. While fighting the virus, we learned and became overnight experts in ‘flatten the curve’, R0, ventilator technology, log charts and ‘social distancing’ techniques in a matter of weeks.
The act of comparing is common in all aspects of our society. We believe that Usain Bolt is currently the fastest man on earth because the rules and objectives by which we identify and compare runners are clear (runners start at the same time, run the same distance and all are measured by the same system).
Yet, things get more intricate when you compare historical results. On a relative basis, who was faster, Usain Bolt or Donald Lippincott? The evolution of the sport has been tremendous in the last 100 or so years since Lippincott ran for an…
The 2020s started on-a-tear. In the first three days alone China lowered its required liquidity ratios from financial institutions to boost its local economy, an U.S. airstrike in Iraq killed a top Iranian military official and The Pope became the first worldwide meme!
In IPO land, it has also begun strong with 1Life Healthcare filing to become a public company under the ticker ONEM. 1Life Healthcare — a.k.a. …
Going public is a milestone highly celebrated in the life of tech-focused businesses. In the last decade, the median time from founding to IPO was 8 years* filled with countless pivots until attaining product-market fit and experiencing high-growth all while attracting and retaining hundreds — and in many cases thousands — of new employees who share the vision and culture of the company. This period is also marked by numerous rejections from venture capital firms and sitting through hundreds of board meetings.
This is a close look to the S-1 prospectus of Sprout Social, a Chicago, Illinois based venture capital-backed founder-led company. It will be traded on the NASDAQ on December 13, one day after the Bill.com IPO, under the symbol SPT, and it will be the last company to go public in the decade after a year with a number of (un)successful IPOs.
Last week, it set the price range between $16 and $18 dollars a share for a valuation of approximately $1 billion for an offering in excess of $180 million.
Sprout Social, founded in 2010, is one…
In this initial prospectus analysis, I’m going to cover Bill.com, the latest fintech unicorn to file to become a public company. It is expected to trade on the NYSE on December 12 under the ticker BILL and there is a lot to be excited about this high-growth venture capital-backed founder-led company. This week, it set the price range between $16 and $18 dollars a share.
Bill.com was founded in 2006 as Cashboard Inc. after its founder, René Lacerte, recognized that business needed a way to simplify the process of receiving and making payments. …
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