WSJ: ‘As Lockup Expires, Twitter Holders Fly the Coop’ 1twit noun \ˈtwit\ : a stupid or foolish person. In addition to the general definition of “twit” (above), I have a special case: momentum investors who bought Twitter’s stock and have now lost more than half their money this year (see also, “chump”). Yesterday’s not-so-randomly timed, 18% plunge...Read More
Venture Capital Math: Does the Start-Up Whole Equal the Sum of Its Parts? If I sold you 4% of my start-up company for $40,000, does that make my company worth $1 million? By Silicon Valley math, the answer is “yes.” Now, add three zeroes, and you have the (tenuous) case for lodging start-up Airbnb being...Read More
“Is [What?] the Next [What??]” If you found yourself asking the latter of those two questions . . . you’re definitely not the target audience of Web start-up (and high tech rage du jour) “Pinterest.” So, who is? (Pinterest’s target market, that is). As best I can tell, it consists of “under 30-something’s” equipped with the...Read More
MLS Rentals No, that’s not what some housing market, somewhere, did last month or year, or the first day “pop” in a new IPO (“initial public offering”) on Wall Street. That’s the one-day increase in rentals listed on MLS. Before anyone gets too excited, though, that number reflects an increase from 11 listings to 18....Read More
“No News is Good News” In an initial public offering (“IPO”), the interval between when a company files its paperwork with the SEC and the SEC approves it, is known as a “quiet period.” What’s the equivalent in residential real estate? The interval between when the lender’s appraiser submits their report, and the lender completes...Read More
