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15 results for “team valuations”
Concept5 mentions across episodes
valuations
...end valuations, and then we're 10 x ing them, and we're basing comp on that. We're basing comp on a camera. It's never gonna happen. Look at all those 2021 moonshot publicly disclosed ones. Most of them are like, oh, what were we thinking? We thought
32:59 / 34:02
from transcript32:59 – 34:02
...the do those valuations make sense? And then I asked two of my top LPs, what would you like to see? Would you like to see huge markdowns or something crazy or a massive discount? And their response was no. Their response was, if these valuations are
24:43 / 25:52
from transcript24:43 – 25:52
...is if the valuations are that overpriced, which you have to ask yourself, in one year when they come back to market to raise their next round, what will the valuation of those companies be? If they were valued, you know, if they're at a 100 k in ARR,
43:26 / 44:31
from transcript43:26 – 44:31
They're called protect protective provisions. So they get their money out first. So if the company does get sold, and let's say I put $10,000,000 into your company at a billion dollar valuation Sure. For about 1% of it, and the company's making $10,0
14:15 / 15:22
from transcript14:15 – 15:22
doubled our, like, average seed check size in a in a company that was more expensive that was led by, like, top VCs because our I think that's our ownership. That's the big lesson, Megan, is, like, if you you need to have a real portfolio strategy he
41:08 / 42:15
from transcript41:08 – 42:15
...those valuations make sense? And then I asked two of my top LPs,
23:40 / 25:31
from transcript23:40 – 25:31
We need to know what people are doing, especially if they upload our data to those services. Sure. Yes. So there do need to be some controls on this, and it sounds like a really great idea. And, did they say what it, was sold for? So they did not lis
23:12 / 24:15
from transcript23:12 – 24:15
Like, you've got a strong incentive to swing. And so it's really had a dampening effect on the risk seeking behavior of a CEO that I think more companies should want. And I it's kind of pervasive across the industry. So I don't like this RSU comp thi
24:44 / 25:46
from transcript24:44 – 25:46
So to me, there's a missing piece here that led to this sale because it seems like the company, the funding, the growth all had it pipped to do a lot more than this exit. I don't want to talk crap about someone's 9 figure exit. Right? But it just fee
23:50 / 25:03
from transcript23:50 – 25:03
to hire firm to value portfolio. So there is a third party that's valuing the portfolio. Buyer and seller need to agree on a price around that third party valuation. If price is agreed to remember existing manager, not existing manager is still manag
27:45 / 28:59
from transcript27:45 – 28:59
markets. Matt, same question over to you. Similar dynamics from your side? Yeah. Absolutely. And, look. To to keep it real, I'm not at all able to find, attractive entry prices. I've been at Firstmark for over a decade now, and the last two or three
3:45 / 4:45
from transcript3:45 – 4:45
...teams are getting nothing. I wish people were kind of, like, more sensitive to this dynamic and thinking more about, like, what is the upside associated with the company. And, you know, more fundamentally, like, do I deeply believe in this vision? Be
15:56 / 17:00
from transcript15:56 – 17:00
How do we value assets that are growing in such disproportionate or previously unseen ways? Yeah. This is one of the hardest things. It's why we actually think the framework that we use internally is we think about valuation. Everybody has to think a
12:43 / 13:49
from transcript12:43 – 13:49
across over a thousand track records that we have access to. The fifth, I would say, we mentioned there about how portfolios are very highly priced still today or highly marked by their managers. A really interesting element, the best managers mark d
11:06 / 12:16
from transcript11:06 – 12:16
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