Hendri Wigunah

Hendri Wigunah

Startup Founder & Millenial Entrepreneur

TechCrunch Conversations: Direct listings – TechCrunch

Last April, Spotify surprised Wall Street bankers by choosing to go public through a direct listing process rather than through a traditional IPO. Instead of issuing new shares, the company simply sold existing shares held by insiders, employees and investors directly to the market – bypassing the roadshow process and avoiding at least some of Wall… Continue reading

Infor lands $1.5 billion investment ahead of IPO – TechCrunch

Infor, a NYC-based enterprise software company, announced a massive $1.5 billion investment today that could be the precursor to an IPO in the next 12-24 months. One analyst is estimating that the valuation could be at least $60 billion. The investment is being led by Koch Industries’ investment arm, Koch Equity Development, and Golden Gate… Continue reading

Will Trump ruin the unicorn IPOs of our dreams? – TechCrunch

The government shutdown entered its 21st day on Friday, upping concerns of potentially long-lasting impacts on the U.S. stock market. Private market investors around the country applauded when Uber finally filed documents with the SEC to go public. Others were giddy to hear Lyft, Pinterest, Postmates and Slack (via a direct listing, according to the latest reports)… Continue reading

The pre-seed diligence framework – TechCrunch

By now it’s clear that seed is the new Series A. Seed rounds have tripled in size and companies have been around for 2.4 years before they raise a seed round. A new stage called pre-seed has emerged to fill the gap. But many in the ecosystem equate investing at pre-seed to buying a lottery… Continue reading

NYSE operator’s crypto project Bakkt brings in $182M – TechCrunch

The Intercontinental Exchange’s (ICE) cryptocurrency project Bakkt celebrated New Year’s Eve with the announcement of a $182.5 million equity round from a slew of notable institutional investors. ICE, the operator of several global exchanges, including the New York Stock Exchange, established Bakkt to build a trading platform that enables consumers and institutions to buy, sell, store… Continue reading