The billion dollar start up club.
I found this interesting graphic on the Wall Street Journal that got me thinking about start up funding today.
The start up boom is still in full swing and it seems like every time we turn around we are introduced to another billion dollar plus start up. Which begs the questions, are we on our way to the next bubble? Is Uber (valued at $41.2 billion) really worth more then Sony? Is Snapchat, a company that is still not sure how it’s going to make money really worth $15 billion? Are the venture capitalists brilliant or insane?
I don’t believe anyone is sure of the answers to these questions and with so much money on the line it is a safe bet that an army of people are out there somewhere doing the due diligence before handing out capital. I understand that money isn’t just being slung at everyone with a latte and an idea. Indeed start ups are on average getting older and more mature before they head out for a cycle of funding.Yet despite that the spiraling increases in valuation are worrying, they must reach a ceiling at some point. As venture capitalist are still bullish on start ups though its hard to tell if we are in sight of the ceiling yet or still far away.
Here is the article. Are we in the bubble?
In researching mentorship in the startup culture, I located a Forbes magazine article entitled “Why Entrepreneurs Need Good Mentors.” According to the author, a key benefit of having an accessible and knowledgeable mentor is that he or she can help you make good decisions more quickly; particularly in a startup situation, it is better to make a good decision sooner rather than a perfect decision later.
In addition to accessibility which permits prompt feedback, a good mentor should have “expert-level” experience, preferably as an entrepreneur, as well as a “direct yet supportive” feedback style. This latter point relates to our discussion in class about what makes a strong performance review: it is important that performance issues, whether of an employee or of an entrepreneur, be identified so that corrective action can be taken, but it is also important to make criticisms constructive. It is just as valuable to point out strengths as it is to point out weaknesses.
With the author’s points in mind, how do you feel your meetings with your mentor will guide your project’s direction? Also, what connections can you draw between your mentor’s experiences and your project?
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Box, a Cloud-Storge firm, Prepares an IPO After Delay
I just wanted to point out this article. It is really exciting to know this could be anyone of us in the future.
Does anyone think this company would be a good investment opportunity?
“Initial public offering (IPO) or stock market launch”