The Indefinitive Guide to Pre- and Post-Money Valuations
You would think that the concept of “pre” and “post” money valuations would be the simplest of things to define…until a client calls with a set of complicating facts and asks you to explain what the pre- and post-money valuations are under those circumstances.
Latest Insights
Recessions and Private Equity
June 4th, 2020
We know from the history of recessions that thousands of mergers and acquisition (M&A) transactions occur each year, even in an economic downturn. In this strange coronavirus recession, who is going to buy your business and how much will they pay?
Recessions and Mergers & Acquisitions
May 20th, 2020
No one can know where the bottom of this market is, except in retrospect.
The Real Consequence of a Lower IPO Valuation
September 13th, 2019
With the potentially dramatically lower IPO valuation of WeWork compared to its many prior lofty capital raises, many market commentators have pondered the financial impact to those most recent investors who must be disappointed that their investment is seemingly “underwater.”
The Bifurcation of Start-up Capital
August 19th, 2018
The data cannot be denied; mega-rounds are a reality. They are driven by lots of capital seeking outsized investment returns.