Bill.com Files for $100M IPO

#1

Post by coloneltcb » Fri, Nov 15, 2019, 11:24 PM UTC

Bill.com Files for $100M IPO
news.crunchbase.com

Re: Bill.com Files for $100M IPO

#2

Post by jkuria » Fri, Nov 15, 2019, 11:41 PM UTC

Are they a direct competitor of Stripe?

Re: Bill.com Files for $100M IPO

#3

Post by usmannk » Sat, Nov 16, 2019, 12:06 AM UTC

Important that they're aiming to _raise_ $100MM, not going public at a $100MM valuation as I first thought. Funny how IPOing to raise capital has become secondary to IPOing to provide liquidity in this late stage of the tech credit cycle.

Re: Bill.com Files for $100M IPO

#4

Post by aaronmgdr » Sat, Nov 16, 2019, 12:10 AM UTC

jkuria wrote: post #2

Are they a direct competitor of Stripe?

Their core business is more around invoicing, so i wouldn't say so.

Re: Bill.com Files for $100M IPO

#5

Post by BowBun » Sat, Nov 16, 2019, 12:15 AM UTC

jkuria wrote: post #2

Are they a direct competitor of Stripe?

Recurly may be a more similar competitor

Re: Bill.com Files for $100M IPO

#6

Post by pavlov » Sat, Nov 16, 2019, 12:39 AM UTC

usmannk wrote: post #3

Important that they're aiming to _raise_ $100MM, not going public at a $100MM valuation as I first thought. Funny how IPOing to raise capital has become secondary to IPOing to provide liquidity in this late stage of the tech credit cycle.

Tech IPOs seem to be splitting into two very different tiers.

Some don't need the cash and may even do a direct listing with no capital raise, like Spotify and Slack.

Others have such huge losses that the IPO cash is acutely needed. I'd put Lyft and Uber in that bucket. WeWork of course is the poster child — it nearly collapsed after the IPO was pulled and cash from public markets wasn't forthcoming after all.

Re: Bill.com Files for $100M IPO

#7

Post by rossdavidh » Sat, Nov 16, 2019, 12:54 AM UTC

Not profitable, has never been profitable, its losses are actually growing over time in absolute terms, it's IPO'ing anyway...and yet, it looks (even to me) prudent and reasonable in the current climate.

Re: Bill.com Files for $100M IPO

#8

Post by fmpwizard » Sat, Nov 16, 2019, 1:30 AM UTC

Somewhat off topic but, when I simply typed the site bill.com on Firefox's private browsing, scrolled down a bit, they show me a popup to chat and they have my first and last name there. The same thing happened when I went on my cell using Firefox Focus, which doesn't keep any cookies. 1. Anyone else seeing this? 2. I hate it 3. Where do they get this info from?

Re: Bill.com Files for $100M IPO

#9

Post by bduerst » Sat, Nov 16, 2019, 1:33 AM UTC

fmpwizard wrote: post #8

Somewhat off topic but, when I simply typed the site bill.com on Firefox's private browsing, scrolled down a bit, they show me a popup to chat and they have my first and last name there. The same thing happened when I went on my cell using Firefox Focus, which doesn't keep any cookies. 1. Anyone else seeing this? 2. I hate it 3. Where do they get this info from?

Nothing for me.

This is a Drift chat widget so they have your information stored somewhere, probably from some interaction you had with it on a different site. They also appear to do IP lookup as well.

Re: Bill.com Files for $100M IPO

#10

Post by fmpwizard » Sat, Nov 16, 2019, 1:38 AM UTC

bduerst wrote: post #9

fmpwizard wrote: post #8

Somewhat off topic but, when I simply typed the site bill.com on Firefox's private browsing, scrolled down a bit, they show me a popup to chat and they have my first and last name there. The same thing happened when I went on my cell using Firefox Focus, which doesn't keep any cookies. 1. Anyone else seeing this? 2. I hate it 3. Where do they get this info from?

Nothing for me. This is a Drift chat widget so they have your information stored somewhere, probably from some interaction you had with it on a different site. They also appear to do IP lookup as well.

Thanks, it looks like it is IP lookup, I used another phone (not mine) and they also showed my name there.