Profits are for Suckers
Once upon a time, in the olden days, companies started out small. They made something, they sold that something for a little bit more than it cost to make. They […]
Category Archives: Stocks
My basic theory on tech investing
Investing in technology is about product cycles. This holds for both outside investors as well as company decision makers weighing product investments. If a company has the right product at the […]
Banker, Heal Thyself?
A lot of my childhood friends became lawyers. I am one of the few MBAs among them, and as a result I often end up getting their ‘business’ questions. From these […]
Should I Stay or Should IPO?
I haven been working with a number of companies lately who are trying to evaluate the relative merits of staying Independent versus raising Institutional venture funding or selling themselves. This […]
How much would you pay for equity research?
I was an equity research analyst for ten years. I loved the work – meeting people, arguing with them and writing about it. I am also a big believer in […]
Sitting on the end of the Whip
There is a metaphor I hear occasionally to describe semiconductors – the idea of a bullwhip. A big part of running a successful chip company is accurately forecasting demand. Semiconductor […]
Are IPOs going out of Fashion?
Last was a bad one for public markets, at least a bad week for people who believe that tech companies can find a home in the public markets. First, the long-awaited Pure Storage […]
A Practical Guide to IPOs Chapter 12B – Telling a Good Story with Above the Line Numbers
KEY LESSON: Investors hate volatility more than they love growth In the last post, I laid out an approach to providing initial guidance to investors, from the time of the […]
A Practical Guide to IPOs – Chapter 12: The Numbers Game
KEY LESSON: Optimize the model for a secondary offering, not the roadshow In this chapter, I am going to walk through how to prepare a financial model for the analysts […]
A Practical Guide to IPOs- The Eleventh Chapter – How to Tell a Story
KEY LESSON: The IPO roadshow should tell a story that is compelling backed up by real numbers. In this chapter and the next I am going to walk through […]
