Category: Commentary

Capital planning solutions for the healthcare industry

Valuations Are at Record Highs

Valuations are at record highs, thanks to strong IPO exits, broader economic recovery, and growing participation by nontraditional investors. Don’t sell yourself short—your company may well be worth far more than your balance sheet would indicate.

Reg A+ Getting Media Exposure

Regulation A+ may finally be starting to get the media exposure it deserves. This story includes Cityzenith ‘s Reg A+ raise mentioned side-by-side with celebrity-backed venture funds.

How Many Founders Should a Startup Have?

Here’s another example of how individual investors in the online equity market (such as Reg A+) use different criteria than traditional VCs. It’s an unwritten rule that VCs don’t want to see more than 2 or 3 founders. But individual startup investors don’t seem to be bothered by that.

IPO Access for Everyone?

With the democratization of the capital markets, Main Street investors are wanting to find out how to get in on all the various opportunities that Wall Street investors have access to.

Biotech and Medical Device Companies Raise $913M in a 5-IPO Week

It was almost a billion-dollar week for life sciences IPOs last week, following a Q1 for IPOs overall that we haven’t seen since the tech bubble in 2000.

SPAC Transactions Come to a Screeching Halt

If you were hoping for a SPAC deal to come along to fund your startup, don’t hold your breath. One seemingly small change in accounting guidance from the SEC has triggered an almost complete shutdown of the enthusiasm for SPACs.

Biotech Went to Work as the World Stayed Home

One of the key drivers shaping the industry: new financing structures are emerging as viable options. The traditional angel/VC route is no longer the only option for the substantial capital raises needed for R&D and clinical trials.

Canvas Medical raises $17M – At What Cost?

Another one that’s given up control and the lion’s share of the rewards of their company. 7% to Y Combinator. 41.33%(!) in their 2017 seed round.

Is Substack really worth $650M?

Something is worth what someone is willing to pay for it, and apparently investors are willing to pay $65M for 10% of Substack. This begs the question: how much have they given up along the way to raise that money?

SPAC Wave Stirs IP Competition

SPACs have been all over the headlines the past year, but they’re not the only alternative to traditional IPOs that are booming. Rod Turner explains the differences between SPACs, direct listings, and Regulation A+ offerings.