11–20 of 88 posts
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You can actually now just click 'web' in the below-title links! 23 minutes ago | flag | past | web | 4 comments
Is that an extension or are you on mobile? Edit: Thanks!
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Search Google for the post's title.
You can actually now just click 'web' in the below-title links! 23 minutes ago | flag | past | web | 4 comments
I can't reply to the comment under this but this is HN feature. It's on top of this page right under the title.
Crazy that it's around Stripe's valuation and crazier it hasn't gotten in to Stripe's business yet. Typically $300m in margin on $1b in revs would get you $6-8b but there's just too much negativity on Square right now with the part-time CEO, stream of negative media and chaotic product set.
Crazy that it's around Stripe's valuation and crazier it hasn't gotten in to Stripe's business yet. Typically $300m in margin on $1b in revs would get you $6-8b but there's just too much negativity on Square right now with the part-time CEO, stream of negative media and chaotic product set.
Other names like Hortonworks (at IPO level today) and New Relic (great quarter, improved guidance but smacked down today) have had better than expected results and are not getting much love from the public markets.
If software was truly in a bubble we'd see biotech prices in the public markets where companies like Stripe would be valued at 12 billion right now.
I think it's a good time to begin collecting long term positions in some of these small cap tech companies that have been offering IPO's as they may not be "cheap" but they are massive growth stories and certainly and bubbly.
Some names have done well though like Tableau and Palo Alto Networks. It's a mixed bag.
Crazy that it's around Stripe's valuation and crazier it hasn't gotten in to Stripe's business yet. Typically $300m in margin on $1b in revs would get you $6-8b but there's just too much negativity on Square right now with the part-time CEO, stream of negative media and chaotic product set.
And at a numbers perspective, their revenue rose 54% last year, but so did their losses ($104m -> $154m). If their losses track their revenue growth percentage-wise, then scaling does them no good.
I am not surprised. Majority of tech IPOs in past year are trading below or near IPO prices. The investors in public market have learnt from the past. Most of these companies are coming to public market later when most of the upside has already been squeezed by private investors. Most IPOs come across nothing more than offloading to greater fools. Buying at IPO makes no sense. Wait till prices stabilize after the IPO…
EDIT: See https://en.wikipedia.org/wiki/Initial_public_offering_of_Fac.... It lost about half of its value before it started its ascension to today's valuation.
Crazy that it's around Stripe's valuation and crazier it hasn't gotten in to Stripe's business yet. Typically $300m in margin on $1b in revs would get you $6-8b but there's just too much negativity on Square right now with the part-time CEO, stream of negative media and chaotic product set.
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I am not surprised. Majority of tech IPOs in past year are trading below or near IPO prices. The investors in public market have learnt from the past. Most of these companies are coming to public market later when most of the upside has already been squeezed by private investors. Most IPOs come across nothing more than offloading to greater fools. Buying at IPO makes no sense. Wait till prices stabilize after the IPO…
Facebook was a great example of this pattern. EDIT: See https://en.wikipedia.org/wiki/Initial_public_offering_of_Fac... . It lost about half of its value before it started its ascension to today's valuation.