If you think of companies as having an identical trajectory to a plant development, beginning with seed level to growth, getting an initial public offering (IPO) is similar to getting fruits on your crops. It holds companies to an increased standard of accountability -- for financial disclosure, planning and providing to plan, and even tactical planning.
Don’t worry, I’m not going to bore you with the ‘How tos’ and ‘to-dos’. Today, I’ll just point out the biggest IPOs of 2017 (Without being Judgemental)
Here are the top 5 IPO’s of 2017
Startups that stood out for their capital efficiency generally hailed from the tech sector. I’ve measured them using a valuation to invested capital ratio.
Valuation to Invested Ratio (VIC) = Post Exit Valuation divided by the total funds raised (Venture + Seed)
StitchFix
What do they do: The San Francisco-based startup selects clothing for women and men by harnessing data science and an army of human stylists
Founders: Katrina Lake & Erin Morrison Flynn
Total funds raised: $42 million
Post Exit Valuation: $2 billion
VIC: 42.55
Roku
What do they do: Roku pioneered streaming for the TV and a streaming platform that delivers seamless experience to content..
Founder: Anthony Wood
Total funds raised: $209 million
Post Exit Valuation: $4.2 billion
VIC: 20
Okta
What do they do: Okta is the provider of identity for the enterprise. The Okta Identity Cloud connects and protects enterprises around the globe.
Founder: Frederic Kerrest, Todd McKinnon
Total funds raised: $229 million
Post Exit Valuation: $3.6 billion
VIC: 16
MuleSoft
What do they do: MuleSoft makes it easy to connect the world’s applications, data and devices. They provide a software platform that enables organizations to easily build application networks using APIs.
Founder: Dave Rosenberg & Ross Mason
Total funds raised: $259 million
Post Exit Valuation: $3.2 billion
VIC: 13
SendGrid
What do they do: SendGrid is a cloud-based customer communication platform that drives engagement and business growth. SendGrid excels in email deliverability and its proven, cloud-based platform successfully delivers over 30 billion emails each month for Internet and mobile-based customers like Airbnb, Pandora, HubSpot, Spotify, Uber among many others
Founder: Isaac Saldana, Jose Lopez, Tim Jenkins
Total funds raised: $80 million
Post Exit Valuation: $1 billion
VIC: 13
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