Tag: funding

Im Tired of YouTube Investment “Gurus”

Post author By Steve
Post date August 4, 2022

There are so many investment “gurus” on YouTube and it simply just feels like this is now a step above a used car salesman!

Here is a very good example – Investment Advice! When he simply just adds his money into a very basic Vanguard ETF based off the S&P500.

This is probably as far as it gets from someone who should actually be giving investment advice!

What you really should be watching is video interviews from Warren Buffett – and then also spending a huge amount of time reading and working out your own way to value companies and their intrinsic value.

Tags business, funding, investing, warren buffett

Business Tech

Deel Financials for 2021 – $50 million in ARR – 500+ Team Members

Post author By Steve
Post date December 28, 2021

Alex Bouaziz the co-founder and CEO of Deel has just announced some of their recent numbers on Twitter.

In 2021 –

$4m to $50m in ARR
50 Team Members to 500+ Team Members in 60 Countries
Raised over $600 million

That is one of the craziest years I have ever heard.

Tags business, deel, financials, funding, hiring, investment, remote work

Tech

Venture Capital is a Game of Outliers – Here are the Numbers / Chances of Success

Post author By Steve
Post date March 30, 2021

Venture Capital by Numbers:

Venture Capital business is 100% a game of outliers

4000 venture fundable businesses per year
200 will get by top tier Venture Capital
15 will some day get to $100 million in revenue
Those 15 – provide 97% of all the returns for the entire Venture Capital category for the year.

Tags az, business, companies, company, funding, marc andreesen, returns, tech, technology, vc, venture capital

Business Tech

Coinbase Valued at Over $100 billion – You Have to Be Kidding Me (From $8 billion to $100 billion in a year)

Post author By Steve
Post date February 22, 2021

Coinbase is looking to go public very soon and its valuation in the secondary markets has just gone over $100 billion.

Coinbase’s valuation over the years:

2016 — $500M
2017 — $1.6B
2018 — $8B
2020 — $100B

Coinbase reported revenue of $530M for 2019 and $691M for the first nine months in 2020. The company posted a net income of $141M between January-September 2020, up from a loss of $30M in overall 2019. Notably, these numbers don’t include 2021, when the Bitcoin price surged more than 90% YTD.

Tags bitcoin, blockchain, business, coinbase, crypto, cryptocurrency, funding, ipo, technology, valuation

Tech

Jetbrains (Kotlin Creators) Have No VC Funding and Valued at $7 Billion

Post author By Steve
Post date December 20, 2020

Great article on Bloomberg about Jetbrains – the company behind the popular programming language Kotlin.

Key numbers:

Company is profitable ($200 million EBITDA expect this year)
No VC funding from the beginning
Valuation $7 billion
1,500 staff (750 in St Petersburg) – Prague HQ

It’s great to hear from other founders who are far more interested in the issue they are trying to fix than the billions of dollars they could be personally making.

Tags android, developer, funding, jetbrains, kotlin, programming language, vc, venture capital

Business

Is getting venture capital similar to winning the lottery?

Post author By Steve
Post date July 25, 2020

NO!

A lottery win means you receive the money with no obligations.

Getting Venture Capital means it is only the beginning of your journey and that you are selling part of your company with an expectation that it will grow and be worth more money in the future. This comes with a huge amount of pressure and a lot of work!