One of the biggest reasons I love investment banking is that it combines the deep expertise of multiple disciplines. The most successful investment bankers are "quick studies" of nearly any sector and have deep expertise in marketing, finance and operations. The very best include a...
We are now several years into the introduction of accredited investor equity crowdfunding. The results, failures and successes of this new form of financing could be considered the ultimate "mixed bag." Unfortunately, the stark differences between some of the nuanced structures of crowdfunding preclude anyone...
Cryptocurrencies and the blockchain ledger are changing the way companies and people transact globally. Bitcoin was the first successful implementation of a blockchain, which is a digital database that is optimized for recording financial transactions and transferring value securely over the Internet. Thanks to the...
“Hey Siri, how’s the weather today?” I said as I woke up from a good night sleep ready to start off my day. Siri responded promptly with the temperature range that ‘she’ probably drew from the Apple Weather app. A seemingly basic interaction that came...
Any successful business owner who has been in business long enough has likely experienced the "unsolicited offer" for his/her business. Such an offer typically comes in one of several ways, from one of several types of groups. There are two types of unsolicited offers, typically...
A business valuation is a value verified through statistical and factual analysis used to determine what a business is worth. Understanding your business valuation and making sure it is accurate requires a good amount of preparation and research. A business’s value is the expected or...
Crowdfunding is an online method of raising capital where entrepreneurs or small business owners seek funding for future ventures from the public (i.e., “the crowd”). A successful campaign attracts many investors who each play a small part in reaching a funding goal by contributing to...
There are multiple levers that impact a firm's business valuation. The complete list is likely as exhaustive as any buyer due diligence checklist. Understanding how various levers impact a firm's EBITDA (earnings before interest, taxes, depreciation and amortization) multiple and ultimate valuation can play an...
As we head closer toward the end 2017, timing elements for corporate mergers and acquisitions are beginning to weigh on the minds of individual business sellers. Is now the right time for selling my business? If I wait, will I miss the wave before another...
The healthcare sector in the United States is a large driver of economic output. The World Health Organization notes that the United States spends more on healthcare as part of its GDP (17%) than any country in the world. Most facilities are owned by private...