Lighter Capital

NOVEMBER 17, 2022

Determining your startup’s valuation is one of the more difficult tasks you’ll face as a founder. We did the heavy lifting and put everything you need to know about how to value your startup into this Valuation Quick Guide. How to determine and defend your SaaS valuation. Wouldn’t you rather focus on running your business?

Equity 52

Equity Start-ups Marketability Finance 52

Musings on Markets

NOVEMBER 15, 2022

Some of the bad news in Facebook's earnings report, especially relating to lower profitability, reflected accounting mis-categorization of R&D and expenses at Reality Labs (Facebook's Metaverse entree) as operating, rather than capital expenses. Facebook, I argued, is a corporate autocracy, with Mark Zuckerberg at its helm.

Start-ups 90

Start-ups Marketability Market Capitalization Technology 90

Value Scope

AUGUST 31, 2020

And it is not really a new term. What are the causes? This means they do all that they can to get the plan of reorganization confirmed. Click to Download: How to Avoid Chapter 22 in Restructuring Work for Energy Companies. Executive Summary. Recently, it has been an issue with companies operating in the energy complex.

Capital Structure 130

Capital Structure Finance Marketability Compliance 130

FE International

MARCH 23, 2022

This article is part of our Valuation by Business Model series, in which we provide you with information on what makes your particular business model unique when it comes to SaaS business valuation. For more in-depth reading on valuation, see our post How to Value a Website or Internet Business. The Valuation Spectrum.

EBITDA 105

EBITDA Start-ups Business Valuation Marketability 105

Musings on Markets

NOVEMBER 1, 2023

I was planning to start this post by telling you that Tesla was back in the news, but that would be misleading, since Tesla never leaves the news. Some of that attention comes from the company's products and innovations, but much of it comes from having Elon Musk as a CEO, a man who makes himself the center of every news cycle.

Start-ups 114

Start-ups Marketability Market Capitalization Equity 114

Musings on Markets

FEBRUARY 2, 2023

I wrote about my most recent valuation of Tesla just over a week ago , and as has always been the case when I value this company, I have heard from both sides of the Tesla divide. Based at least on the reactions, I have realized that some may be misreading my story and valuation, ore reacting just to a picture in a tweet.

Start-ups 99

Start-ups Risk-free Rate Market Capitalization Marketability 99

Shuster & Co.

APRIL 28, 2020

For many business owners and shareholders, this uncertainty is causing high levels of concern related to business valuations – especially in light of the high number of transactions and deals that are currently stalled for the foreseeable future. COVID-19 presents a new set of circumstances for which there is little or no data.

Business Valuation 52

Business Valuation Accounting Firms Marketability 52

Musings on Markets

AUGUST 25, 2023

I have always loved sports, playing tennis and cricket when I was growing up, before transitioning to fan status, cheering for my favored teams from the sidelines. I also like finance, perhaps not as much as sports, but there are winners and losers in the investment game as well.

Start-ups 92

Start-ups Dividends Marketability Finance 92

Musings on Markets

NOVEMBER 10, 2022

In this post, I will revisit Facebook's most recent earnings report, and argue that while it contained disappointing news on growth and profitability, the bad news was exaggerated by systematic inconsistencies in how accountants categorize expenses, skewing earnings and invested capital down in firms that don't fit the accounting prototype.

Finance 74

Finance Start-ups Equity Equity Financing 74

Cooley M&A

FEBRUARY 1, 2024

With these key trends in mind, let’s take a closer look at the developments in tech M&A during 2023, and what we expect to see in 2024. Global regulators maintaining an aggressive posture toward tech deals, particularly for mega-cap tech companies, further moderating activity. billion leading the pack. billion leading the pack.

Equity 59

Equity Finance Marketability Start-ups 59

Musings on Markets

FEBRUARY 16, 2024

In the context of valuing companies, and sharing those valuations, I do get suggestions from readers on companies that I should value next. These are three very different stories, but what they share in common is a fear, imminent or expected, of a catastrophic event that may put a company's business at risk.

Risk Premium 74

Risk Premium Start-ups Beta Marketability 74

Musings on Markets

NOVEMBER 9, 2021

If you are interested, you can see my valuations from 2014 , 2016 and 2017. I have been writing about, and valuing, Tesla for most of its lifetime in public markets, and while it remains a company that draws strong reactions, it is also one that I truly enjoy valuing.

Start-ups 99

Start-ups Dividends Marketability Market Capitalization 99

Musings on Markets

SEPTEMBER 1, 2021

For the last two decades, China has been the dominant story for both the global economy and capital markets, as the country's immense growth and infrastructure investments have sustained commodity prices, and altered the balance of world economic power.

Market Capitalization 98

Market Capitalization Marketability Start-ups Technology 98

IBG Business

MARCH 11, 2022

Knowing how much your business is worth, in the mergers and acquisitions (M&A) and business sales context, is far too important to rely on informal advice (even from well-meaning sources), rules of thumb, or dissimilar comparisons. “[Fox Making a good selling decision requires good information. – Peter P.

Start-ups 52

Start-ups Finance Technology Business Valuation 52

Musings on Markets

JANUARY 8, 2022

Happy New Year, and I hope that 2022 brings you good tidings! To start the year, I returned to a ritual that I have practiced for thirty years, and that is to take a look at not just market changes over the last year, but also to get measures of the financial standing and practices of companies around the world.

Risk Premium 91

Risk Premium Start-ups Market Capitalization Corporate Finance 91

Musings on Markets

JUNE 23, 2023

From 2001 to 2020, revenue growth at semiconductor businesses has dropped to single digits, as higher demand for chips in new uses has been offset by loss of pricing power, and declining chip prices. I will start this post with a couple of confessions. From High Growth to Maturity!

Start-ups 91

Start-ups Marketability Market Capitalization Technology 91

Brian DeChesare

NOVEMBER 16, 2022

Mainstream news sources have already covered the story extensively, so I want to take a different angle and comment on how “the smart money” fell for this scam and what it could mean for careers in finance. I thought about writing an article on the 2022 U.S. It raised over $1.8

Start-ups 52

Start-ups Banking Finance Technology 52

Reynolds Holding

MARCH 27, 2024

The Federal Deposit Insurance Corporation (FDIC) released a Proposed Statement of Policy on Bank Merger Transactions (the Proposal) that outlines the FDIC’s views on its jurisdiction and expectations with respect to each statutory factor under the Bank Merger Act (BMA). The Federal Reserve has, notably, been silent. Our key takeaways are below.

Banking 45

Banking Marketability Specific Risk Finance 45

Musings on Markets

FEBRUARY 4, 2023

In response, people have fallen into two groups, with the Adani family and its supporters arguing that the short selling report is a hit job by a "foreign" entity to bring down not just the company, but also the country, and others noting that the report just reinforces what has troubled them about the company's meteoric rise in the last decade.

Start-ups 100

Start-ups Market Capitalization Equity Marketability 100

Andrew Stolz

MAY 1, 2020

This is a Valuation Master Class student essay by Kitipop Sriparn from March 6, 2020. Kitipop wrote this essay in Module 2 of the Valuation Master Class. What are commodities? What are commodities? Commodity valuation. Commodities are alternative investments. Who are the leading market participants?

Marketability 52

Marketability Finance Equity 52

IBG Business

OCTOBER 28, 2022

For potential sellers, focusing on the future, knowing your objectives in selling, and understanding what motivates buyers can reveal the best time to put your business on the market. What Buyers Are Thinking. If owning a business were easy, everybody would do it – and no one gets that better than you. Is now that time?

Start-ups 52

Start-ups Equity Marketability Banking 52

Musings on Markets

NOVEMBER 4, 2022

Investors, used to a decade of better-than-expected earnings and rising stock prices at these companies, have been blindsided by unexpected bad news in earnings reports, and have knocked down the market capitalization of these companies by hundreds of billions of dollars in the last few weeks.

Start-ups 98

Start-ups Market Capitalization Marketability Dividends 98

ThomsonReuters

APRIL 18, 2023

This has given rise to new growth opportunities for firms, but that’s not to say that accounting issues don’t remain in their daily workflows. Firms are being asked to do more than ever before, which can present a challenging balancing act, especially given the staffing constraints facing many firms.

Technology 52

Technology Compliance Start-ups Finance 52

Equilest

MARCH 17, 2022

Want to know Methods of Business Valuation by Their Profitability? Methods of business valuation by their profitability are presented below. Presentation of the profitability method to evaluate a company Attractions and limits of the method of multiples to value a company How to conduct a company valuation based on profitability?

Business Valuation 40

Business Valuation EBIT EBITDA Discounted Cash Flow 40

Lighter Capital

JULY 20, 2023

Bootstrappers know all too well that launching a new business with limited funds requires astute strategies. But what do you do when you need to extend your startup’s runway so you can scale quickly and capture more of the market? It’s best to start with the basics. Why do startups use debt financing?

Debt Financing 52

Debt Financing Finance Equity Equity Financing 52

Musings on Markets

OCTOBER 12, 2023

Impact Investing: The What, The Why and the How! I have made no secret of my disdain for ESG, an over-hyped and over-sold acronym , that has been a gravy train for a whole host of players , including fund managers, consultants and academics. That is the question that I hope to address in this post.

Market Capitalization 82

Market Capitalization Enterprise Value Start-ups Marketability 82

FE International

JANUARY 3, 2021

Or are you interested in what your store could be worth? Whether you’re selling a Shopify business or any other kind of e-commerce store, this article will teach you how to obtain an accurate business valuation and how to complete an e-commerce business sale. Valuation Drivers. So, how have we ended up here? Age of Business.

EBITDA 59

EBITDA Start-ups Finance eCommerce 59

Brian DeChesare

FEBRUARY 16, 2022

Also, there are still misconceptions about the financial modeling in the group, the hours, the exit opportunities, and other topics, so this updated article will address all of those: Definitions: What is Public Finance Investment Banking? One of the more controversial industry groups is public finance investment banking.

Finance 65

Finance Banking Equity Marketability 65

Reynolds Holding

MAY 10, 2023

Some press reports frame these bankruptcies as evidence that the 2020-21 SPAC boom was a “fad” driven by “hype” and “speculati[on],” 1 but the reality is more complicated. Most de-SPACed companies that have filed for bankruptcy over the past year are early-stage technology or biotechnology companies strained by growing economic headwinds.

Going Concern Value 49

Going Concern Value Finance Equity Technology 49

Musings on Markets

JANUARY 29, 2021

As you undoubtedly know, the last few days have been filled with news stories of how small investors, brought together on online forums, have not only pushed up the stock prices of the stocks that they have targeted (GameStop, AMC, BB etc.), But what if you think a stock is too highly priced and is likely to go down?

Start-ups 52

Start-ups Marketability Banking Finance 52

Reynolds Holding

OCTOBER 4, 2022

One need look no further than the front page to find news of transactions abandoned after governmental challenges. One need look no further than the front page to find news of transactions abandoned after governmental challenges. In order to guide management, directors must be familiar with a toolkit of mitigation strategies.

Start-ups 45

Start-ups Private Equity Firm Marketability Banking 45

Musings on Markets

FEBRUARY 10, 2021

What is a hurdle rate for a business? What is a hurdle rate? There are multiple definitions that you will see offered, from it being the cost of raising capital for that business to an opportunity cost , i.e., a return that you can make investing elsewhere, to a required return for investors in that business.

Risk-free Rate 52

Risk-free Rate Risk Premium Start-ups Equity 52

Reynolds Holding

FEBRUARY 1, 2023

2022 was a tale of two halves for M&A. The beginning of the year was active, as robust dealmaking carried over from the record-breaking levels of 2021 to drive approximately $2.2 trillion worth of global deals through the first half of the year, compared to approximately $2.7 The year ended with total deal volume of $3.6

Finance 45

Finance Equity Technology Banking 45

Reynolds Holding

OCTOBER 5, 2022

For the third six-month period in a row, new filings remained below the historical semi-annual average. The 105 total new “core” cases—i.e., The number of securities lawsuits filed since January has remained steady compared to the first half of 2021. We have already seen many notable developments in securities law this year.

Start-ups 72

Start-ups Marketability Equity Compliance 72