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Archive for Category: Fintech

Aug 26, 2016

Rational expectations (mostly) continue driving info tech M&A values upward.

Fintech, Healthcare IT, Market Update, Uncategorized , , , , , 0 Comments

The US equity markets are now officially in the midst of the second longest continuous rise ever – and they just keep on ticking. It’s been more than 2,700 calendar days since the 2009 bottom – without a 20% pull back. Can it continue? Can we surpass the to 3,452 day bull market that ended with the tech market crash in 2000? Maybe we can – at least in the dozen+ sectors of the information-technology industry that we follow and sometimes lead. Every week, we talk to the CEOs, Board members, investors and others connected with a wide range of…

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Aug 11, 2016

Competition Can Help Sellers Exceed Expectations

Case Study, Enterprise Data, Fintech, Startup, Valuation , , , 0 Comments

We are routinely approached by companies, shareholders and boards of directors telling us that their company was approached by a prospective buyer anxious to consummate a transaction. They may even have a non-binding indicative offer in hand – or expect one shortly. It can be exciting to have a sophisticated firm find your baby to be attractive – rewarding to be approached by a big potential buyer and it could be a load off your mind after years and years of hard work for a possible large payoff. But more often than not, we have found that one-off acquisition processes fail, or – at best – result in a sub-optimal deal. The examples are legion. The problems with these ad-hoc discussions are many.

Aug 2, 2016

Distributed Ledgers, Blockchains and Virtual Currencies: Are We Nearing A Pivotal Systematic Change?

Blockchain, Fintech, Startup, Trends, Valuation , , 0 Comments

With the advent of HTML 1 in 1993, which standardized the language used to create web pages, the potential of the internet became unlocked. With applications written in HTML combined with a viable connection (and authorization), suddenly anyone could access a treasure trove of information from anywhere on the planet – and sometimes beyond. (Think Hubble and the Mars Rover). With HTML, the internet effectively sped up the process of globalization to light speed. What would be next?

Jul 20, 2016

The Marine Corps Way to Assess What a Business is Worth

Fintech, Startup, Valuation , , 0 Comments

Long before selling their businesses, owners start thinking: “What’s my business worth?” Or, if they are a buyer, “How much should I pay?” Bankers like to talk about the value of publicly listed companies based on their stock prices and some reasonable “premiums” above those prices. There is nothing wrong with this approach – but what is the right premium, if any, and how do you figure it out?

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