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Michael Carmen

3 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Aug 10, 2023 by Michael Carmen · across every show →

On the record as a speaker too: Michael Carmen's record, appearances and statements → this page counts the times other people say the name.

Everything said about Michael Carmen, oldest first

Aug 10, 2023
Disclosure
Wellington sold nearly 90% of its eligible late-stage holdings in 2021
“We ended up selling in 21 close to 90% of everything that came up, and that included selling some secondary stock in companies that weren't even public, and that's all from my experience from the tech bubble.”
Michael Carmen Aug 10, 2023 ▶ 34:00 Michael Carmen – Late-Stage Private Investing at Wellington (EP.332)
Aug 10, 2023 neutral
Assertion Supported
Average software valuations retraced to six times sales by mid-2023
“What you saw since November of 21 to now is you've now retraced that entire move, and now the average software company is selling for six times sales, which is at the lower end of the range, and so now you're at a point that you can, again, underwrite to much …”
Michael Carmen Aug 10, 2023 ▶ 25:57 Michael Carmen – Late-Stage Private Investing at Wellington (EP.332)
Aug 10, 2023
Disclosure
Wellington walked away from 2021 deals demanding term sheets within days
“It's amazing the number of deals that we had to pass on in 20, 21, because we get into the data room, and the company would say, like, hey, listen, we want term sheets by Thursday, and it was Monday. Well, we don't work that way. And so we're just going to hav…”
Michael Carmen Aug 10, 2023 ▶ 29:59 Michael Carmen – Late-Stage Private Investing at Wellington (EP.332)
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