Would this make them a “centi-corn”?
Bill.com Files for $100M IPO
11–20 of 42 posts
Re: Bill.com Files for $100M IPO
#12Would this make them a “centi-corn”?
Not sure if the joke was if they were valued at $100M or not. But they last raised at Unicorn valuation. If they’re selling 10% of the company or less for $100M, then they’ll still be a Unicorn.
Re: Bill.com Files for $100M IPO
#13I have never had a good experience with their platform, or their customer support.
I've had an account bug with them for over a year, and every time I reach out to their customer support they just tell me I'm wrong and everything is okay with my account... Meanwhile, the dashboard is essentially "bricked" for me and I have to send invoices to my customer via email (how I prefer, but not how my customer that pays all their bills through bill.com prefers).
Re: Bill.com Files for $100M IPO
#14Important 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.
WeWork is not “tech IPO” though.
Re: Bill.com Files for $100M IPO
#15"We were incorporated in 2006 and have experienced net losses and negative cash flows from operations since inception."
13 years of unprofitability?
Re: Bill.com Files for $100M IPO
#16As a contractor, I've been paid via Bill.com it was very easy to collect and send money. (not like I had a choice in the platform)
Re: Bill.com Files for $100M IPO
#17Earlier quoted context omitted.
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.
WeWork is not “tech IPO” though.
Whilst I acknowledge the technical correctness of your remark, in practice and for most intents and purposes, WeWork is being considered as a tech IPO
Re: Bill.com Files for $100M IPO
#18Important 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.
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Re: Bill.com Files for $100M IPO
#19"We were incorporated in 2006 and have experienced net losses and negative cash flows from operations since inception." 13 years of unprofitability?
If you have positive return on cash invested people will be happy to keep giving you more money for decades even if you plough all your profits back into expansion. Amazon has had the option of returning profits for decades and has always aimed to just barely make a profit.
> Amazon was founded in 1994, first traded publicly in 1997, and didn’t turn a profit until 2001.
https://www.investopedia.com/stock-analysis/031414/amazon-ne...
Re: Bill.com Files for $100M IPO
#20Earlier quoted context omitted.
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.
ip lookup seems like a weird way to do name lookups...