New Venture Finance Fall 2021
Things to Read
BCG Reading List 2021 - Books Recommended by Business Leaders
https://www.bcg.com/publications/collections/reading-list (8/5/21)
Temkin, M. 2021. Despite IPO stampede, Stripe sticks with mega-rounds in private market. Pitchbook.com, March 15, 2021, accessed March 16, 2021, Don't Stripe's PE investors want some liquidity and returns from their investments? Stipe announced on March 14 that it had raised $600 million at a valuation of $95 billion, making it the world's second most valuable venture-backed company behind China's ByteDance (see chart below). But Stripe's pre-money valuation for this round was $94.4 billion ($95B post money - $600M investment = $94.4B pre-money) so they were already #2 most valuable VC-backed company. The Collison brothers always seem to know something the rest of us don't....
Resources
SBA.gov Calculate your startup costs (PDF) (posted 3/19/21)
See businesses for sale in a marketplace web environment. A former UA grad is selling his Wordpress site for $350,000. It's a deal at 3x annual earnings (not gross)
They say:
"The first business we sold was our own. Now we help others around the world do the same. At Empire Flippers, we remove the friction from buying and selling online businesses.
"We've helped people buy and sell over $200 million worth of online businesses.
"Our buyers and sellers span the globe and we have fine-tuned our process and team to ensure you have a safe, secure buying and selling experience.
"We've won the Inc 5,000 award four years in a row as our team of industry-leading M&A advisors help entrepreneurs and investors alike with their goals." (EmpireFlippers.com/about, accessed May 5, 2021)