Uni­corns go pub­lic

ArabAd - - FORECAST -

“In 2017, we’re likely to see at least a few highly val­ued ‘uni­corns’ go pub­lic, as their early-ven­ture cap­i­tal back­ers will want to see liq­uid­ity on their in­vest­ments. Whether these com­pa­nies – per­haps Airbnb, Uber or Drop­box, per­haps oth­ers – will fare well as pub­lic com­pa­nies re­mains to be seen. And whether any such ini­tial pub­lic of­fer­ings will cre­ate knock-on ef­fects in mak­ing early stage cap­i­tal more avail­able to promis­ing tech start-ups is equally un­clear. Apart from those in Sil­i­con Val­ley or in a very few other fi­nanc­ing hotspots around the world, in 2017, most en­trepreneurs are go­ing to have to con­tinue to fi­nance and grow their start-ups the old-fash­ioned way – just as Michael Dell and Mi­crosoft’s Bill Gates and Paul Allen did – us­ing their cus­tomers’ funds.” – John Mullins, As­so­ciate Pro­fes­sor of Man­age­ment Prac­tice in Mar­ket­ing and En­trepreneur­ship and au­thor of ‘The Cus­tomer-funded Busi­ness’

Newspapers in English

Newspapers from Bahrain

© PressReader. All rights reserved.