What really drives valuation for tech companies?

By Jason Busch and Richard Lee

Published in Spend Matters Pro – https://spendmatters.com/2014/06/11/what-really-drives-valuation-for-technology-companies-these-days/

We’ve always found the subject of valuation for technology companies a curious topic, one that we could probably bore too many people with during cocktail hour conversations. There are plenty of good authorities when it comes to tech valuation (some of the best research we’ve seen over the years comes from Pacific Crest) and nearly every sell-side analyst worth their salt has a theory or two on the topic. But ultimately, tech valuation is more art than science (remember the crazy theories during the last dot-com rush when eyeballs somehow served in place of real operating metrics?).

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Autumn Brew, aka. Oktoberfest Beers

We had a great dinner last night with family and friends at Howells & Hood (which by the way boasts the largest draft been selection in Chicago).  But when the hostess brought out seasonal, autumn beer list, entire table let out a collective sigh.  Chicago summer is now officially over…  Much to our delight, the list did not contain too many hackneyed (not to mention over-played) pumpkin stout or any other pumpkin varietal.  A couple of my favorite darker ales of the fall –

  • Old Brown Dog by Smuttynose Brewing – it’s heavy in alcohol (almost 7%) so perfect for slightly frost-bitten evenings when you feel like ribs or other sauce-rich meat comfort dishes.  It’s deceptively creamy with light on bitterness and after-taste.
  • Indian Brown Ale by Dogfish Head – if you like dark, bitter brew with thick foam resulting from heavy does of molasses during the brewing process, this is the fall beer for you.  Great with rubbed / smoked meats and vegetables.

What are your favorites?

Jeter’s Retirement

I hate and love Olbermann.  Asides from Stuart Scott, Keith Olbermann is probably the most eloquent, poignant current / alumnus ESPN anchor there is.  And if you have not seen his latest tirade on Jeter’s hyped retirement, it’s a piece of art.

Now before Jeter faithful (Olbermann used the word apologist) try to hang me from the Brooklyn Bridge next to Olbermann, I am not necessarily saying that I agree with him (even if the stats and anecdotes Olbermann rants off are impossible to dispute…)  Is Jeter a Hall of Famers – absolutely.  Is he one of the greatest Yankees Captains ever – perhaps.   Did the modern media and Gatorade commercials help to “iconize” him – for sure (hey, I do love the Re2pect marketing).  Does God have a sense of humor for allowing the O’s to end the Yankees season all the while bestowing Jeter an opportunity to hit the game winner on his final at bat against the same team?  You know it.  Am I little jealous because Jeter is getting a rock star treatment while Chicago’s beloved Pauley (Konerko that is) is riding off into the sunset without much fanfare?  Of course…   Then again, it’s better than getting boo’d out of the city like Sosa did in his final year.  After watching one of those feel-good Gatorade commercials, my wife asked, “was he really that good?”  I don’t know…   Why don’t you decide?

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