Focus on Revenue

Focus on Revenue

"Strategic, not financial, value is what drives most successful outcomes." - Paul V. Weinstein

Why Microsoft Is Willing to Pay So Much for GitHub

Strategic factors are often more important than purely financial ones.

Instagram Sells For $1 Billion, Despite No Revenue

The technology world is abuzz over Facebook's $1 billion deal to acquire the photo-sharing app Instagram. Two years ago Instagram didn't exist. Some reasons behind the company's meteoric rise: apps are everywhere and Instragram took advantage of the moment with a playful, easy-to-use service. Now Instagram's fans wonder whether its identity will be retained.

Instagram, Facebook, And The New Zero-Revenue Acquisitions

Six other businesses that were acquired for millions before they ever made much, if any, money.

Facebook $22 Billion WhatsApp Deal Buys $10 Million in Sales

The numbers are in for Facebook Inc.'s acquisition of mobile-messaging application WhatsApp Inc.: The social network paid $22 billion for a startup that generated $10.2 million in revenue last year. In a regulatory filing yesterday, Facebook disclosed WhatsApp's financial results for 2012 and 2013.

Listing of Pre-Revenue Biotech Companies in Hong Kong – Latest Updates

Following the Consultation Conclusions on the New Board Concept Paper published in December 2017 (the “December Conclusions”), on February 23, 2018, the Hong Kong Stock Exchange (HKEx) announced a new round of consultations in relation to the proposed amendments to the Main Board Listing Rules (the “Listing Rules”), including, among others, the introduction of a new chapter in respect of listing of pre-revenue biotech companies.


Build a Unicorn

The odds of becoming a unicorn are < 1%. The odds of building a SUCCESSFUL unicorn (Ex.: Amazon, Facebook, etc.) are about the same as winning the lottery.