Complete game changer for SaaS. Relying on acquisition as the only path to liquidity is unhealthy. The ability to go public at $50m/year makes IPO as liquidity event so much more realistic. Makes the VC path much more attractive.https://twitter.com/bgurley/status/1318690674158440448 …
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W odpowiedzi do @JordanGal
How does this relate to
@ltse? Do they have even lower minimums?1 odpowiedź 0 podanych dalej 2 polubione -
The
@ltse makes publicly listing more attractive than it is today, which will cause companies that would normally stay private for longer to go public earlier, assuming they are financially mature. As a side effect, yes, the ARR bar will go down.1 odpowiedź 0 podanych dalej 2 polubione -
W odpowiedzi do to @mattwensing@mijustin i jeszcze
“The bar” really just being the average revenue at time of listing. That average will go down over time as listing becomes more attractive. Still, it’s not a cheap exercise, so there will be minimum $ hurdles, and the “costs” of good ethics (long term thinking).
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Ten tweet jest niedostępny.
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W odpowiedzi do to @einarvollset@mattwensing i jeszcze
Does anyone have a rough estimate of how much SEC compliance, audited financials, etc would cost a $5M ARR company as a percentage of revenue? Seems like that would be non-insignificant.
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W odpowiedzi do to @mjwhansen@einarvollset i jeszcze
As a rough proxy, I would estimate the amount it costs to have a proper finance team led by a CFO with that kind of experience, and then double the budget the first year to allow for outside counsel, software licensing, and listing fees.
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W odpowiedzi do to @mattwensing@einarvollset i jeszcze
$500-$750k range then?
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They recommend $5 million in revenue (or assets) to list on the TSX. https://venturelawcorp.com/tsx-venture-exchange-industrial-technology-life-sciences/#:~:text=TSX%2DV%20%E2%80%93%20Tier%20One%20%E2%80%93,and%20Investment%20Companies%20Listing%20Requirements&text=C%245%2C000%2C000%20net%20tangible%20assets%3B%20or%20C%245%2C000%2C000%20revenue ….pic.twitter.com/kFBauU7woh
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W odpowiedzi do to @mijustin@mjwhansen i jeszcze
And there are investors who will put in money ahead of listing. The company gets the capital to meet requirements and prepare for life as a public company, the investor gets access just before liquidity event.
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