startup valuations
Medium news, startups: If you start generating cash, you can sell for 4x ARR
Everbridge’s deal shows that startups shouldn’t expect their valuations to be salvaged that much by cash generation if their growth is all but zero.
Big, costly seed deals were the exception in 2023’s lackluster venture capital market
Hopes that it would become easier for startups to raise capital in 2023 were left unmet as the year ended. The Exchange explores startups, markets and money. Read it every…
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Startups are doing fine, but scale-ups and unicorns are in deep water
The trends that we can spy inside the data are an effective argument against the era in which startups were encouraged to stay private as long as possible.
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Catching up with Keith Rabois on the state of VC, his newest bet and who he’s backing for president
Chances are that however busy you are, Keith Rabois is busier. He’s an active investor as a general partner at Founders Fund, the early-stage outfit co-founded 18 years ago by Peter Thiel. He’s also the CEO of OpenStore, the company that he co-founded in 2021 to acquire and scale commerce brands on Shopify’s platform. And…
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Signs of life in the technology M&A market
Today we’re looking at where deals are getting done from a geographic perspective.
Startups are hardly out of the woods, but the market is no longer moving away from their valuation marks.
Most unicorns never were what they were purported to be. Instead, a lot of startups were granted big budgets to LARP as unicorns.
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Hey look, unicorns are rare again!
Investors are no longer minting nearly two unicorns per day. In fact, we’re down to barely more than one new mythical horned horse per week.
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Have startup valuations fallen enough to feel sane again?
Let’s find out the current premium venture investors are paying for startup shares, and see if we can find anything new compared to 2022 data.
Byju’s and Swiggy, among the biggest Indian startups, are taking a haircut in their valuations — at least in the eyes of their backers.
Bummed out from the last week? Here’s some bullish news for software companies
Amid the chaos, there are rays of good news: PagerDuty and UiPath posted impressive earnings reports, and software valuations bounced off recent lows.
When it comes to startup valuations, no one seems to expect things to go back to 2021. But better? Who doesn’t love that?
Recent data from SVB indicates that quite a lot of unicorns still have plenty of runway.
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Unity’s earnings show just how hard it is to earn a 10x software multiple today
In the case of Unity, the lesson is simple: It’s hard as hell to earn, let alone defend, a 10x revenue multiple in today’s market.
If you are growing slower than 30%, there is a strong chance that you will never be able to match your 2021 valuation.
Valuing startups is an established process today, but do the methods employed apply equally to pre-revenue companies using novel AI?
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How to respond when a VC asks about your startup’s valuation
Founders are at a distinct disadvantage in the valuation game. By design, VCs play this game far better than most founders ever will.
Worry not: Down rounds are still rare by historical standards
According to data from Cooley, down rounds, while up from near extinction last year, remain depressed compared to recent history.
Interim rate of return: A better approach to valuing early-stage startups
The interim rate of return method allows convertible instruments to get back to basics, avoiding discussions of early-stage value.
How startups can lower their chance of a down round in a downturn
Forge data provides a fascinating lens into how fast things changed and offers advice to startups when it comes to taking lumps in the fundraising market.
The startup and venture markets are coming back to square one
It’s becoming clearer that whatever the hell happened in the past couple of years no new-normal. It was just a party that has since wound down.
VCs decipher the recent fintech layoffs — and why they’re happening now
Fintech unicorns and decacorns are not immune to challenging economic and fundraising conditions. VCs unpack what’s going on.
Welcome to the late-stage discount market, where everything is on sale and few folks are buying
Let’s examine the pain that late-stage startups are dealing with today, and what it could mean for unicorns jammed between changing venture preferences and a seemingly closed IPO market.
Valuations have been top of mind this year as VCs navigate their overvalued portfolios and founders scramble to conserve cash and grow into lofty valuations.
If unicorns are not able to raise as much this year as they did in, say, 2019, how many of the billion-dollar-plus startups are going to survive?
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What comes after unicorns and centaurs?
How are companies that reached $1 billion in revenue different from other unicorns that have not yet reached the same scale?
We’re nearly at the stopping point ahead of a long weekend here in the United States, but that doesn’t mean that the tech market has given up on making news.…
Call it venture farming season, because seed rounds are kicking butt
It’s still a founder’s market. Especially for seed.
Will M&A bring relief to media startups amid a public-market hangover?
With public-market exits effectively off the table and M&A for media startups historically capped around 6x-8x, the upside in media deals isn’t very high compared to other investing opportunities.
New Carta data is a mishmash of sorts, with the numbers not pointing cleanly in one direction. But considered in aggregate, rounds are getting smaller, and mostly we are seeing…
