Recessions and Mergers & Acquisitions
May 20th, 2020
No one can know where the bottom of this market is, except in retrospect.
The Real Consequence of a Lower IPO Valuation
September 13th, 2019
With the potentially dramatically lower IPO valuation of WeWork compared to its many prior lofty capital raises, many market commentators have pondered the financial impact to those most recent investors who must be disappointed that their investment is seemingly “underwater.”
The Bifurcation of Start-up Capital
August 19th, 2018
The data cannot be denied; mega-rounds are a reality. They are driven by lots of capital seeking outsized investment returns.
Reflecting on My Three Rules of Successful IPOs
August 15th, 2018
A set of rules I wrote in the mid 1980s that I referred to as my Three Rules of Successful IPOs.