MIG ... Another Groundhog Day April 20, 2016 • 0 Likes • 0 Comments
Another Groundhog Day or one of theses days when you get feedback on a great opportunity company "migme" like this :
"....oh the company (MIG) turned from a concept to small revenue company but the valuation is still too rich given what they achieved and the fact that the have only 70 employees" or ...
"....the free float market capitalization (MIG) and daily turnover is a joke with the company is years away from profitability "
Here a few quotes from Bessemer Venture Partners that we should consider carefully when reading feedbacks on MIG like those above :
On Apple ....."BVP had the opportunity to invest in pre-IPO secondary stock in Apple at a $60M valuation. BVP's Neill Brownstein called it "outrageously expensive."On ebay ...."Stamps? Coins? Comic books? You've GOT to be kidding," thought Cowan. "No-brainer pass."
On Facebook ..... "Jeremy Levine spent a weekend at a corporate retreat in the summer of 2004 dodging persistent Harvard undergrad Eduardo Saverin's rabid pitch. Finally, cornered in a lunch line, Jeremy delivered some sage advice "Kid, haven't you heard of Friendster? Move on. It's over!"
Finally on Google..... "Cowan’s college friend rented her garage to Sergey and Larry for their first year. In 1999 and 2000 she tried to introduce Cowan to “these two really smart Stanford students writing a search engine”. Students? A new search engine? In the most important moment ever for Bessemer’s anti-portfolio, Cowan asked her, “How can I get out of this house without going anywhere near your garage?”
Now back to "migme" which is kind of a listed "start-up" and compared to MOMO.com - IPO'd on the NASDAQ when they had KPI's that MIG will reach Q3/4 2016 - but MIG is listed since 2014. Again any problem (listed too early) is allways a opportunity ...
