• Snapchat’s Valuation is Madness.  There, We Said It.

Snapchat’s Valuation is Madness*. There, We Said It.

March 21st, 2017|

So how do you take a company that began as a sexting app and is now loved for plastering dog faces over selfies, whose very existence depends upon an extraordinarily fickle, teenager-fueled market – a company that lost more than $500M on sales of just $400M – and get to a valuation of 28 billion dollars?

  • Social Network Snapchat

If We Performed as Well as Snapchat’s Bankers, You’d Sue Us

March 10th, 2017|

This post will disappear in 10 seconds. Read fast. Imagine this scenario: You hire an investment banker to represent you in the sale of your company. She finds a group of angels and negotiates a deal for a tidy $50 million – a bit higher than the upper end of her expectations.

  • Is Revenue the Equivalent of Full Frontal Exposure

Is Revenue the M&A Equivalent of Full-Frontal Exposure?

February 15th, 2017|

Now that we’ve got your attention…In a 1964 ruling on obscenity, Supreme Court Justice Potter Stewart famously quipped that while it may be difficult to define what’s obscene, “I know it when I see it.” Well, the same can be said of revenue recognition (how’s that for a segue?).

  • sherlock holmes laptop computer silhouette

No Wit, Sherlock

February 7th, 2017|

We’ve all seen those brilliant pronouncements. You know, the ones that seem like they could come from Neil deGrasse Tyson, only to realize that they just as easily could have come from Mike Tyson – with a mouthful of ear.

  • Disabled girl being lifted in a wheelchair

The Kids are Alright

January 27th, 2017|

Suddenly, pediatric home care mergers and acquisitions is Where the Wild Things Are. The rumpus first broke when Bain Capital (yeah, that Bain, and perhaps bane of Mitt Romney) announced that it was acquiring Epic Health Services for a cool (just under) billion dollars.

  • Business man giving Vulcan greeting from Star Trek

Sometimes in Mergers and Acquisitions, Kirk Rules and Spock Drools

January 18th, 2017|

You go to B-school. You learn about discount rates, cost of capital, multiples, discounted cash flow, capital structures, tranches (oh, the bankers go ga ga over tranches) – enough numbers and data to make a spreadsheet jockey swoon.