valuation

The formula behind San Francisco’s startup success

Why has San Francisco’s startup scene generated so many hugely valuable companies over the past decade?

‘Unicorn’ price tags aren’t all they’re cracked up to be

A $1 billion valuation was until recently a significant badge of honor for a tech company, marking it as an unusually successful outlier. Now, though, as membership of the club has swollen to as many

The mystery of the public marketplace

The two most highly valued private tech companies (outside of China) are Uber and Airbnb. Both also happen to be marketplace businesses, and their success has helped encourage a rush of VC investment

Raise softly and deliver a big exit

In the world of venture capital, the prospect of a successful “exit” looms large in the minds of investors. A VC’s business model is less about the money that goes into a startup than it is abou

Getting to the root of the revenue multiple

Valuation concerns are top of mind for many investors. For those in tech investing, this concern is perhaps most acute, given the generally high multiples assigned to the sector. There are good articl

Squarespace reportedly raises about $200 million at a $1.7 billion valuation

Squarespace, the 14-year-old platform that makes it easy for essentially anyone to build their own website, is raising about $200 million from General Atlantic, valuing the company at a $1.7 billion v

Crunch Report | Lyft Raises $1 Billion

Lyft raises $1 billion at an $11 billion valuation, Swedish lock maker Assa Abloy acquires August Home, MongoDB up 34% on stock market debut and Facebook is testing paywalls for Instant Articles. All

Building a Series A SaaS valuation estimator (2017 edition)

I have financed nearly 50 early-stage companies and the question of proper valuation comes up in every financing. There is the obvious tension: Generally speaking, the existing shareholders would like

Delivery Hero’s valuation surpasses $5B following successful IPO

Delivery Hero’s valuation topped $5 billion after the food delivery firm went public in a listing on the Frankfurt stock exchange. The listing, announced earlier this month, came at a €25.50

Crunch Report | 20 People Fired at Uber

Bozoma Saint John leaves Apple for Uber, 20 people get fired at Uber over sexual harassment, Amazon discounts Amazon Prime for the less fortunate and Pinterest passes a $12 billion valuation. All this

Everyone got into the tech M&A game in 2016

Neither public markets nor tech giants offered any solace in 2016 for the ever-growing list of private unicorns. There are 180 tech companies circling the runway with valuations over $1 billion, the m

Anti-aging pill startup Elysium Health inks at least $20 million in Series B funding

Elysium Health markets a pill formulated with ingredients it says will keep you feeling young and, according to a source close to the matter and documents obtained by TechCrunch, the startup has

Context is key for valuations

For most of the past five years, investors in software companies prized revenue growth above all else. Investors were more than willing to overlook near-term profitability (or lack thereof) in favor o

Valuation metrics show weakening for the fourth straight quarter

The law firm Fenwick & West quietly released its third-quarter venture capital survey this past Friday, and its findings aren’t exactly shocking. At the same time, they hint at problems t

Determining the worth of your SaaS company

The opaque, confusing and highly volatile practice of valuing a private SaaS business is frustrating for entrepreneurs and investors alike. Furthermore, the lack of transparency adds a tremendous amou

Palantir acquires data visualization startup Silk

Silk‘s co-founder and CEO, Salar al Khafaji, announced today that private data analytics unicorn Palantir would be acquiring the company. The transaction appears to be an acqui-hire, with member

Signs point to a contraction, but no one’s bursting venture capital’s bubble

Regardless of the economic climate, the real job of any investor is to help entrepreneurs build meaningful companies and technologies. The best investors that we know don’t try to time the market, a

Bed Bath & Beyond acquires One Kings Lane for undisclosed sum

Home furnishings site One Kings Lane has found a home of its own, with  Bed Bath & Beyond. The retailer announced a cash acquisition of the e-commerce startup, but the price was not disclosed. Be

A New, Standardized Way For Employees To Keep Their Vested Stock Options Longer

Amid headlines about billion-dollars valuations are many employees who remain trapped unless their employers eventually go public or else sell to an acquirer in a cash deal. The problem centers on the

Doomed-i-corns: Unicorns Seemingly Reach a Tipping Point

This morning, the law firm Fenwick & West published new findings about all the U.S.-based unicorn financings that took place during the last nine months of 2015. It’s rife with interesting nugge
Load More