The first investor lawsuit in response to the crisis at Oxy Media has been filed. On Monday LifeLine Legacy Holdings of Beverly Hills, Calif., which put more than $2 million into the Oxy’s Series C fundraise, filed suit in Federal Court. The suit alleges multiple fraud violations associated with Ozy’s dealings with Lifeline during their Series C raise where Lifeline invested $2 million. With daily revelations of wrongdoing on Ozy and Carlos Watson, what shoe will drop tomorrow?
ARR growth rates are the largest factor driving private SssS company valuations. SaaS Capital’s long-term research (>10 years) shows some great insights, especially for smaller revenue SaaS companies.
Growing revenues is a challenge for all product managers. The further along a product is in the Technology Adoption Life Cycle, the harder it gets. A company’s valuation, whether they are a public company or are privately held, is driven by the scale of total revenues and the revenue growth rate. Fortunately, there are several tactics product managers can use to optimize current revenue streams and innovate new ones.
How a Failed Zoom Due Diligence Call Led to a Disaster for a Firm That Had Raised Over $70 million in VC Funds
On Sunday, September 26th, Ben Smith from the New York Times published an article entitled “Goldman Sachs, Ozy Media and a $40 Million Conference Call Gone Wrong”. What followed was a bizarre tale of how the COO of Ozy Media started a Zoom due diligence call with Goldman Sachs, then switched to a conference call. On that call, Samir Rao, the co-founder and chief operating officer of Ozy, used a voice changer and impersonated Alex Piper, the head of unscripted programming for YouTube Originals. After the call Goldman figured out what had happened and the proverbial shit hit the fan. How were sophisticated investors deceived by Oxy Media?
As the third quarter draws to a close, many product managers are asking themselves “Am I going to miss my bonus again?” By the end of the third quarter, most product managers know where they are going to land in regards to their annual bonus. There are six tactics they can use to ensure they will not miss it again.
Product managers deal with technical debt all the time. Privacy debt is the new technical debt. Privacy-related issues have become critical. In the United States in 2020 there were over 1,000 data breaches that exposed over 155 million records. Many of these breaches were due to vulnerabilities exposed by unaddressed technical debt. Privacy debt is now the new technical debt and its impact can be disastrous.
I belong to a Facebook Group called Product Management Memes. It has over 3,400 members and is simply a meme stash for product managers, marketers, and corporate life. People post amusing stuff every day. There’s no self-promotion or spam, just entertainment, Here are 20 of the most popular posts from the past few weeks based on likes and shares.
Bessemer Ventures is one of the leading venture capitalist firms in the country. They recently published a great report Scaling to $100 Million that provinces detailed metrics about ARR, Growth, Retention, Gross Margins, CAC Paybacks, Free Cash Flow, and Valuations from over 200 of their cloud investments. The data analyzes firm performance by ARR revenue bucket from $1 million to $100 million.
Has Anything-as-a-Service (XaaS). finally, gone too far? XaaS is clearly a trend that is here to stay. Many companies are jumping on the XaaS bandwagon in an attempt to boost their valuation. Product managers should be careful, however, of jumping on the bandwagon in an attempt to gain some marketing or valuation lift for their products.
The Software Equity Group (SEG) regularly publishes quantitative research on the software and SaaS market M&A activity. In August, median valuations declined to lowest in 2021