Author Topic: Canva owners to score BIG TIME! (Read 4545 times)

noodle · « **on:** October 17, 2019, 07:38 »

https://www.bnnbloomberg.ca/32-year-old-female-ceo-s-startup-gets-us-3-2-billion-valuation-1.1332358

Check it out

Jo Ann Snover · « **Reply #1 on:** October 17, 2019, 08:48 »

They may, or not.

If the company goes public at that (or a higher) valuation there'll be a big payday for them. Right now, that "valuation" is a reflection that investors like Canva's story enough to have given it a lot of capital to work with.

Sometimes, companies with these investor-enthusiasm-determined "valuations" don't pan out, even with a female at the helm (a story line the media likes)

https://en.wikipedia.org/wiki/Theranos

Please note, I'm not saying Canva == Theranos or that Perkins == Elizabeth Holmes, just that these interim "valuations" are aspirational until the business gets beyond the startup stage. Other unicorns who disappointed

https://www.forbes.com/sites/carlieporterfield/2019/09/17/wework-delays-20-billion-ipo-as-valuation-plunges/

Uber hasn't panned out the way people expected - the IPO valuation was "underwhelming" but its current market capitalization is $53 billion

https://venturebeat.com/2019/05/10/ubers-82-billion-valuation-underwhelms-in-most-anticipated-ipo-since-facebook/

Lyft was valued at $25 billion, $30 billion and now it's $11 billion amid pessimism about the fact that it isn't making a profit

https://news.crunchbase.com/news/how-much-sense-does-lyft-at-20b-or-25b-make/

https://www.reuters.com/article/us-lyft-ipo/lyft-valued-at-24-3-billion-in-first-ride-hailing-ipo-idUSKCN1R92P4

https://finance.yahoo.com/news/lyfts-valuation-nearly-doubled-to-30-billion-in-9-months-heres-why-thats-not-crazy-140121727.html

https://finance.yahoo.com/news/chances-profitability-lyft-stock-driving-163305029.html

Harsch · « **Reply #2 on:** October 23, 2019, 07:23 »

Canva is a great product. I'm not surprised they're held in high regard.

OM · « **Reply #3 on:** October 27, 2019, 10:30 »

It wouldn't surprise me if Canva went public soon, if tricks like reducing the payment to content contributors is anything to go by. Must be the Wall Street bean counters that come in and tell them to up the profit margins to maximise the take for the venture capitalists/stock holders at the IPO.

Surely, they must have thought after buying Pixabay that their reward to photographers was excessively generous....why pay when you can geddit free (or almost free via subscriptions)?