How private investing works: funding rounds, valuation, risks and deal mechanics — explained apart from the news cycle.
In public markets, an investor at least sees the noise: candles, news, reports, the crowd’s reaction. In startups there is less noise — and that is exactly why silence can be confused with safety. A company may be gro...
Investors like simple answers: revenue is growing, so the company is expensive; the market is large, so the upside is huge. In startups, this logic breaks quickly. Two companies with the same revenue can be worth comp...
When public markets get nervous, an investor naturally wants to step away from the noise. Stocks move on rates, bonds argue with inflation, currencies live their own life — and against that backdrop, alternative inves...
Secondary market risks for private shares — what can go wrong with liquidity, price, and access in pre-IPO deals.
The good thing about the investor terminal is that it creates a sense of control.
They like to package ventures as a beautiful story: two founders in a hoodie, a garage, the first version of a product, then a billion-dollar company, an IPO, magazine covers and investors who “believed before anyone ...
A public market ticker gives investors a strange form of comfort.
In startup news, the round size is almost always the loudest. “The company raised $100 million,” “the valuation grew to $2 billion,” “a large fund entered the round.” It seems that the main thing is the size of the ch...
An investor loves the moment when the company already looks real, but has not yet become public. The product works. Clients pay. Revenue is growing. The name is increasingly appearing in business media. The IPO seems ...
Самая опасная фраза в Pre IPO звучит не как предупреждение. It sounds beautiful: “the company is strong.” Strong brand, strong growth, strong equity funds, strong news ahead of a possible IPO. All this could be true -...
Evaluating a startup before investment is an attempt to understand not only how interesting the company is today, but also whether it has a chance to grow into a much larger business in a few years. In the private mar...
How to read news about a company's valuation and not draw false conclusions “The company was valued at $1 billion”—the headline sounds impressive. But what does this really mean? Rating mechanics: Post money valuation...
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