The Ledger
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Median Tech IPO Market Cap Since 2010 Is $1 Billion
“Since 2010, we've gone back and looked at all of the tech IPOs since 2010. It's nearly 160 IPOs, and the median market cap at IPO Is a billion dollars across all of those IPOs.”
Unity Holds 70% to 80% Market Share in VR and AR Development
“Already they've repurposed or redirected that That development platform towards VR and AR software applications and have 70 to 80% market share of all development that's happening in VR and AR.”
DFJ Growth Prioritizes Cash-on-Cash Returns While Institutional LPs Focus on IRR
“Because in this business, when you're trying to generate returns, both cash on cash, you know, return multiple, which we tend to focus on, but also IRR, which a lot of institutional LPs focus on, really does start to hone your senses towards particular timefra…”
Box and Twilio Reached $200M ARR Prior to Going Public
“In fact, the last two IPOs that we've seen at DFJ over the last couple years, Box and Twilio, were both companies that were on nearly two hundred million dollar annual revenue run rates before they got public.”
Growth Tech Investing Is Not Value Investing; Hyper-Growth Commands Premiums
“I'll tell you at the growth stage, I never feel like, you know, we're not a value investor. So I never feel like price we're getting is, is cheap. It's not a value play. We're investing in hyper growth companies. So there's a premium to pay for that.”
Unity Reaches Nearly One Billion Monthly Gamers Across Two Million Developers
“They have a near nearly two million developers that build on their game. These games Reach nearly a billion gamers every month”
DFJ Growth Targets Companies Three to Six Years Away From IPO
“And our strategy at DFJ growth really targets companies that have more of a three to six year Horizon to IPO.”