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1companynews

Ahead of IPO, Airbnb achieves profitability for second year in a row

From Tech Crunch 1/15/2019 Airbnb,  which is expected to go public this year, announced today a number of milestones. For starters, Airbnb says it was profitable on an EBITDA (earnings before interest, taxes, depreciation and amortization) basis for the second year in a row in 2018. In Q3 2018, Airbnb said it had its strongest quarter ever, where[…]

1PREIPOSWAP

Pre IPO Product Life Cycle – the Hamburger Analogy

New York, NY (PreIPOSwap.com) 1/17/2019 — Pre IPO Swap focuses on Pre IPO companies.  These are not necessarily ‘Unicorns’ but many are.  We get asked what is a private late stage mature company that qualifies for Pre IPO?  There isn’t a specific answer, some companies will be very late stage, others can be closer to[…]

1companynews

Do investors have an interest in Pinterest?

New York, NY (PreIPOSwap.com) – 1/10/2019 (Zero Hedge Exclusive) Recently Pinterest announced they will go public as soon as April.  But the question as with any IPO is what will the interest be?  Do investors have interest in Pinterest? According to sources: The visual search engine and shopping tool is expected to tap underwriters in January[…]

1STARTUPSTORIES

The PayPal Mafia: Who are they and where are Silicon Valley’s richest group of men now?

From Telegraph, September 2014: The company founded by Peter Thiel, Elon Musk and Max Levchin has spawned three billionaires, many, many millionaires and generation-defining companies. Here, we break down the key players from the most notorious group in Silicon Valley. The picture above features some of the most poorly dressed men of the 2000s. Behold[…]

1STARTUPSTORIES

Airbnb, My $1 Billion Lesson

I discovered Airbnb on August 12, 2008 and six weeks later gave them a term sheet for their entire seed round. But in the (literal) final hour, it fell apart. It’s an unusual story and one of several key experiences that shaped my approach to investing in startups. Over the last seven years, I’ve discovered[…]

1SUCCESS

Jeff Bezos convinced 22 investors to back his new company Amazon in 1994. Their returns? Mind-boggling

From South China Morning Post December 2018: A group including family and friends each got 1 per cent of Bezos’ firm in return for US$50,000 – and an astonishing 14 million per cent return now makes each of those original shares worth US$7bn. He failed to convince 38 of them, and 24 years later some[…]

1companynews

Coinbase Initiates $50 Million Secondary Market Sale Of Company Stock

From Crunchbase News December 21 2018: Update: Crunchbase News originally reported that Coinbase was raising a Series F round due to the legal entity named in a filing from a firm participating in the offering. We spoke with a spokesperson from Coinbase, who was able to give us more information about the deal, which is[…]

1INDUSTRYNEWS

Uber, Lyft IPOs to mint next batch of Bay Area millionaires

From CNET December 2018: Along with sourdough bread, impossibly steep hills and the Golden Gate Bridge, San Francisco is known for having more billionaires than any US city west of the Mississippi. Seventy-four to be exact. That’s not to mention the nearly 150,000 millionaires that live in the Bay Area. And those numbers are about to multiply. If[…]