Airtasker IPO Raises Valuation Questions
The Airtasker IPO is shaping up to be interesting. It’s one of my favourite niche topics – private market valuation meets public market investors. My perception of Airtasker is that there has been a mismatch between perceived growth potential of the business (as measured by valuation) and its actual performance. That disconnect was arrested painfully …
Intangible assets need maintenance too
“Soft” assets like brand and software are typically (but not always) created by investing through the income statement where the investment in the assets is expensed rather than capitalised as an intangible asset. This concept is widespread in investing and well understood. What I find really interesting is how this plays out in the explicit …
Team Alignment: Good transitions make it easier, and less stressful
A challenging task in management is achieving team alignment during a transition. In both fast- and slow-moving businesses, change can be punishing and it is hard to redirect energy to new problems and keep teams engaged in the process. Fast-moving businesses change too fast for comfort with the pace, and slow-moving organisations make people too …
