Venture backed companies like Uber, WeWork, and Spotify, are unprofitable. Is this the norm or just a trend for the more recent vintage of high flying companies? To answer that question, we took a look at the operating income and free cash flow of 92 tech companies at the time they went public going as…
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A good friend of mine named Joe Shiraz is taking his company, ServiceBot, through an accelerator based in Memphis called Launch Delta. Launch Delta was created by Start Co in partnership with ServiceMaster, one of the largest home services companies in the nation. Launch Delta is focused on home services startup, Joe’s company ServiceBot is…
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One of our portfolio companies is exploring a sale, so we’re talking to investment bankers. Below are some of the interesting insights from those conversations: You’re not the only one who wants to exit. One banker stated “Google sees upwards of 2,500 companies a year they could potentially acquire.” Another mentioned “Adobe receives dozens of companies…
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We talk to a lot of companies that have an unhealthy focus with being the first to market. There is a belief that if you’re not the first and biggest in a market right away, you won’t be successful. We hear too many companies say things like “this market is a land grab” or “we’re…
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