By: Joshua M. Newville, William Dalsen and Alexandra V. Bargoot of Proskauer The recent IPOs of Snap, Inc. and Blue Apron indicate that while the IPO pipeline continues to flow, there may be a cautionary tale for “unicorns” – venture-backed companies with estimated valuations in excess of $1 billion. After Snap went public in March, [...]
Effects of the Financing Environment and Intangibles The supply of and demand for capital play an important but measured role in the valuation a company is likely to command. Capital is most restricted or expensive and valuations under greatest pressure during and following a period involving a sudden market correction or a downturn in the [...]
There has been a good deal of elegant work done on the valuation of private equity securities and the issuers thereof – chiefly securities issued by early stage firms. The challenges are significant since the usual indicia of value are often not in place (e.g. revenues and net after tax earnings), particularly on a historical [...]
Near the end of 2014 we provided lists to both VentureBeat and Forbes for their compilation of “These 20 companies achieved $1B+ valuations in 2014” and “The Hottest Startups Of 2014“. Both articles gave valuations of the companies, however we wanted to dive down into the granular data that we've collected. Included in the report [...]