Wall Street Financier: Notes from High Altitude©
He who makes a beast out of himself gets rid of the pain of being a man.
If you work in VC and you’re not following this blog, VC by the Numbers, I suggest that you do. VC by the Numbers discussed “Triple Crowns” and why these make for the best investments as compared to “unicorns”. In this blog (and in my book) I argue unicorns are overrated …
A new study cited at Techcrunch by Ilya Staebulaev found that “One in 10 unicorns is overvalued by at least 100 percent, and on average a unicorn reports a valuation 50 percent above the fair value, citing the problem of post-money valuations. “The common shares are overvalued by 58 percent on …
There’s been some talk about Andreessen Horowitz returns lagging other prominent venture capitalists such as Sequoia, Benchmark and Founders Club. In response, Scott Kupor of A16Z published a rebuttal outlining valuation methods used in the industry. Kupor differentiates between the “marks” (quarterly snapshot of realized and unrealized gains ) from …
