Valuations

Cryptocurrencies have already recovered from last weekend’s crash

When cryptocurrency markets crashed 20% a few days ago, I wrote “the next day or so will tell us if this was a temporary bump in the road or the start of the next major correction.” Well h

The bull case for Snapchat

Before I make a product-driven case for Snap Inc. achieving a $100B market cap by 2020, I should note that I’ve been a Snapchat bear for much of the company’s existence. That guy at the water cool

A conversation about tech M&A trends and Trump

Some very big brands outside the tech space have been stepping in to acquire technology companies as the pressure to keep up with consumer-powered digital trends touches more industries. Add in a dere

The top unicorns are overvalued

The hot air around young and savvy tech startups is not going anywhere, despite dark prophecies that saw 2016 as the “winter is coming” year. Snapchat and Airbnb are warming up on the sidelines of

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

When every company is a tech company, valuations go insane

Users, subscribers, growth, global expansion, minimal marginal costs, the promise of future success; this all sounds a bit like the verbiage of a tech company -- and that’s because the industry has

What reset? Both seed- and late-stage valuations just hit record levels, says new report

Investors are valuing seed-stage startups at the highest levels ever, according to a new report published by the private deals database Pitchbook. According to its analysis, the pre-money valuation fo

Recapalypse now

Over the last couple of years of boom times for venture capital-backed startups, round sizes ballooned and valuations filled with all that hot air. Valuations of new financings have started declining

Snapchat is raising more money around $20 billion valuation

Snapchat may have first made its name in the crowded world of mobile apps with an ephemeral messaging service, but the startup and its wildly popular app are not disappearing anywhere soon. TechC

Bill Gurley doesn’t think these giant new funds are such a great idea

“It’s not just the size of the funds but the velocity” at which VCs are returning to their investors, known as limited partners (or LPs), says an astonished Bill Gurley of the venture firm Bench

The SEC is voicing concern about ‘eye-popping’ startup valuations

Management and boards at late-stage, or pre-IPO, companies are on notice that the SEC is paying attention to the late-stage financing arena, and should look internally to ensure that corporate governa

Startups And The Big Lie

A startup is hemorrhaging cash, and the VCs have yet to agree on terms for a capital infusion. The clock is ticking until deadpool, first weeks away then days. The founders, stress levels increasing t

The Logic Of Crazy Valuations

August is the traditional vacation month for venture capitalists, who stream out of their Sand Hill Road offices to quieter points, ostensibly to reflect on the year so far and prepare for the heavy f

Are Tech Companies Overvalued? Top Investors Think So

Is Winter coming? It's already here, according to VCs like Fred Wilson of Union Square Ventures and John Lilly of Greylock. We asked some of the world's most respected tech investors about "the bubble