The Bifurcation of Start-up Capital

The recent article in The New York Times, $100 Million Was Once Big Money for a Start-Up.  Now, It’s Common, prompted my thinking about the title’s observation that it is “common”.  I didn’t truly understand its implication until the emails started coming in from...

Reflecting on My Three Rules of Successful IPOs

Below is something I wrote in 2002 as the public markets were recovering from the dotcom bubble burst of 2000.  This in turn was a repeat of a set of rules I wrote in the mid 1980s that I referred to as Brad’s Three Rules of Successful IPOs.  Although the threshold...

Who’s Reaping the Gains from Unicorns?

PitchBook posed the question:  Private vs. public market investors: Who’s reaping the gains from the rise of unicorns? I have previously written about the flaw in the analysis about Unicorns and feel this article does the same. See All Unicorns are Not Treated...