The cream of the crop:
Farmers don’t get embarrassed when the price of the corn drops; similarly, there’s no reason for startup founders to lose their joy because publicly traded tech stocks are taking a haircut.
Accepting a down round or a smaller seed check isn’t a sign of failure — as it says in the Bible: The rain falls on the just, and the unjust.
“While the market has quickly turned to favor the buyers, the good news is that it isn’t broken,” according to Jeremy Abelson and Jacob Sonnenberg of Irving Investors.
In a TC+ guest post, they share a calculator for using growth metrics and public market valuations that can help founding teams “triangulate to a more company-specific enterprise value.”
The numbers don’t lie — for all but a few strong contenders, the IPO window is now closed.
But if you have an idea for a product or service that might be valuable to others, spending your days working for someone else is a questionable choice, no matter what’s happening in the stock market.
And more for your reading pleasure: