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Bill.com Files for $100M IPO

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Re: Bill.com Files for $100M IPO

#31

Post by semi-extrinsic »

barry-cotter wrote: post #25
uptown wrote: post #21

Earlier quoted context omitted.

Amazon is clearly an outlier. Let’s not equate every unprofitable company with them.

Not every company is Amazon but Bill.com is showing 57% year on year growth this year after 71% last year, with over $35m in quarterly revenue for the last quarter. With those kinds of numbers they can invest less in customer acquisition and turn on the money tap any time they want. > Bill.com reported about $35.2 million in total revenue for the third quarter of 2019, representing nearly 57 percent year-over-year gr…

I think the unclear part about this theory is the case where your customer acquisition cost is partly a customer retention cost. As long as you're sure that's not the case, go ahead.

Re: Bill.com Files for $100M IPO

#32

Post by useful »

YPCrumble wrote: post #30
useful wrote: post #16

As 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)

Don’t you have to pay to use that feature as a contractor? Isn’t that an unnecessary tax?

No, I assume it was paid by the company paying me.

Re: Bill.com Files for $100M IPO

#33

Post by rfurmani »

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?

They had my company name there, even in incognito mode

Re: Bill.com Files for $100M IPO

#34

Post by coolspot »

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?

It greets me as “Hi Dynamic Duo Training! What brings you to Bill.com?”.

I guess my dynamic residential IP is associated with that firm somewhere somehow.

Re: Bill.com Files for $100M IPO

#35

Post by welder »

rfurmani wrote: post #33
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?

They had my company name there, even in incognito mode

Data partnerships give them your info associated with IP, then LinkedIn lookup gives them your company.

Re: Bill.com Files for $100M IPO

#36

Post by ghego1 »

pavlov wrote: post #6
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.

Spotify went for a direct listing because they were in desperate need for money

Re: Bill.com Files for $100M IPO

#37

Post by aguyfromnb »

barry-cotter wrote: post #25
uptown wrote: post #21

Earlier quoted context omitted.

Amazon is clearly an outlier. Let’s not equate every unprofitable company with them.

Not every company is Amazon but Bill.com is showing 57% year on year growth this year after 71% last year, with over $35m in quarterly revenue for the last quarter. With those kinds of numbers they can invest less in customer acquisition and turn on the money tap any time they want. > Bill.com reported about $35.2 million in total revenue for the third quarter of 2019, representing nearly 57 percent year-over-year gr…

>With those kinds of numbers they can invest less in customer acquisition and turn on the money tap any time they want.

Where does this notion come from that these companies can "make money whenever they want", but haven't done so in a decade or more? People point to Amazon as an analogy all the time: it took Amazon about 5 years to make a profit, and this was the early internet. Bill.com is not Amazon.com.

That's a theory, a selling-point, and it comes from "Silicon Valley" itself. In reality, the growth tends to come from the customer acquisition spend, and growth will likely cease the minute customer acquisition spending stops. Growth is already slowing down, and this company has never made a dime. So what value do you put on it now?

Where does the idea assumption from that these companies are "putting profits back into the company"? That money has to show up in the financials statements as well, it's not magic.

Re: Bill.com Files for $100M IPO

#38

Post by jackweirdy »

aguyfromnb wrote: post #37
barry-cotter wrote: post #25

Earlier quoted context omitted.

Not every company is Amazon but Bill.com is showing 57% year on year growth this year after 71% last year, with over $35m in quarterly revenue for the last quarter. With those kinds of numbers they can invest less in customer acquisition and turn on the money tap any time they want. > Bill.com reported about $35.2 million in total revenue for the third quarter of 2019, representing nearly 57 percent year-over-year gr…

> With those kinds of numbers they can invest less in customer acquisition and turn on the money tap any time they want. Where does this notion come from that these companies can "make money whenever they want", but haven't done so in a decade or more? People point to Amazon as an analogy all the time: it took Amazon about 5 years to make a profit, and this was the early internet. Bill.com is not Amazon.com. That's a…

If you have healthy free cash flow it’s up to you what you do with it.

Jeff Bezos’ letter to shareholders on this topic (PDF warning) — https://ir.aboutamazon.com/static-files/2b0b9eb6-0e9d-40f9-8...

Re: Bill.com Files for $100M IPO

#39

Post by SOLAR_FIELDS »

coolspot wrote: post #34
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?

It greets me as “Hi Dynamic Duo Training! What brings you to Bill.com?”. I guess my dynamic residential IP is associated with that firm somewhere somehow.

For me it says “Hi there! What brings you to Bill.com?”. Guess that is the response you get when they aren’t able to mine who you are.

Re: Bill.com Files for $100M IPO

#40

Post by toomuchtodo »

sbr464 wrote: post #22
jkuria wrote: post #2

Are they a direct competitor of Stripe?

Accepting ACH payments on larger client invoices (30-100k+) for a few dollars is why we use them at one company.

Is the experience sticky? Stripe supports ACH transfers, so I would assume it would be straightforward to build on top of Stripe to replicate bill.com’s functionality.
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