So sad... There's a thread in cloudynights that seems to indicate they have a buyer. Unsure if they would just liquidate the stock or start printing the titles again, if it even goes through. Here's hoping for the best.
Good post - pricing is so very critical (although I do agree with others here that three weeks is such a _very_ short timeframe). It's interesting to think about pricing from a "what's my per-user cost so I can reasonably bootstrap this myself", but it's usually more reasonable (and profitable) to think about it the other way around - "what value am i providing to my user?".
The book "The Strategy and Tactics of Pricing" was a real eye opener for me as I don't come from a business background. The crux is that don't think about it in terms of costs, but how much value (e.g., time saved, leads generated, etc) you are providing and if the price is worth it from the user's perspective.
The difference lies in their enormous existing lease obligations. Most corporate leases are for 10 years and they have very large payments that must be made, so it's not like they can just easily scale back in the loss-making locations.
Average daily volume of VOO over the last 60 days is about 2,000,000 shares. At ~$200/share (it's actually about $220 right now), that's about $400m dollars daily, so unloading $1m would be well under 1% of shares traded in a typical day.
You're right that they're 2 very different investments, but I don't think you can say unequivocally that #1 is better than #2. It all depends on desired returns, risk, etc. Let's face it, if you had given money to Apple in 1976 there was a good chance you were never seeing that money again.
The simple answer is if you IPO at a certain price and declare you don't plan on growing at all, then nobody will participate in your offering or buy your shares in the open market. It's just a fact of life that as a public company you need to prove to your shareholders that next year your shares will be worth more than right now. Otherwise outside investors have no reason to invest in your company rather than keeping their money in a savings account (or a low risk alternative). The same basic premise applies to VC investments.
That's not to say that a patio11-style business is wrong, just that it's very different. It's personal preference if you've started the business and there's no right or wrong way.
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We have a world-class, developer friendly culture. In 2015 we were ranked #1 for retention and career development by Computer World. This year we’ve been ranked #7 on the INC 500 list of fastest growing companies (#1 in technology). Our office is in the NY Times building - easily accessible from many locations and floor to ceiling windows with a 360 degree view of the city.
The platform team is looking for engineers with deep knowledge of writing secure, system level software. We collect and process billions of events per day using Golang, Kinesis, DynamoDB, BigQuery and Docker.
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Our core product is what we call our ‘Behavioral CMS’. We analyze digital body language to make websites way more convenient and less annoying to visitors (which dramatically increases their conversion rate). Our clients include large retailers, publishers and Fortune 500s to help them monetize their traffic more effectively.
We have a world-class, developer friendly culture. In 2015 we were ranked #1 for retention and career development by Computer World. This year we’ve been ranked #7 on the INC 500 list of fastest growing companies (#1 in technology). Our office is in the NY Times building - easily accessible from many locations and floor to ceiling windows with a 360 degree view of the city.
The platform team is looking for engineers with deep knowledge of writing secure, system level software. We collect and process billions of events per day using Golang, Kinesis, DynamoDB, BigQuery and Docker.
The product team is looking for an expert in PHP and MySQL to create and expand our API's for both internally and externally facing web applications. Full stack experience is a plus here because this person will be building features that respond to our end users (vanilla JS) as well as our internal app (Ember.js).
Irrelevant. On a personal level, he didn't get to his current net worth by not seeking out lucrative deals. It's also irrelevant from the legal perspective (see Martha Stewart).
Cheap to extremely cheap. Newark has been plagued with low employment and violence for a long time, although it is currently going through a bit of an uptick thanks mostly to investments in the downtown area and general positive attention due to Corey Booker.
While looking at the cap structure might lead to this conclusion, I would bet the farm on the fact that she's gotten some cash out of all of these rounds, or simply through bonuses. Being the CEO of a high profile company (at least in fundraising circles) she can easily make the argument for it.
https://www.cloudynights.com/topic/736701-willmann-bell/#ent...