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He did note that in the four markets where the company has gone live since launching its business in January 2019 — San Diego, Los Angeles, the Inland Empire , and Sacramento — has yielded an annualized revenue run rate of over $400 million in gross merchandise value (the total value of home sales transacted on its platform).
The challenge is that too many are confused on what that means for them, and what it takes to make their business competitively agile. These authors, and I agree, define agility in business as the ability to detect and assess changes in the competitive world in real time, and then take decisive and effective action.
Be sure to net out the opportunity and the solution in the first thirty seconds. In my experience as an angel investor, the perfect pitch length is ten slides, outlining the business problem, your solution, opportunity sizing, competition, and financial projections for the next five years. Make it light, but factual.
To refresh your memory, angel investors are typically high net worth individuals, accredited by the SEC and willing to invest their own money in a high-potential startup for a share of the ownership. For very competitive environments and disruptive products, you may want to limit your visibility before a high-profile rollout.
This statement leaves no confusion in the minds of investors, or customers, of what the company does and how it is different (and better) than the competition. Ideally the solution embodies intellectual property that you own, giving you a sustainable competitive advantage. The net value of this solution from the customer’s perspective.
According to a recent Ernst & Young global report , the first half 2019 global IPO activity slowdown continued, following an unusually quiet Q1 2019 as ongoing geopolitical tensions and trade issues dampened IPO sentiment. Public companies of any size must comply immediately with the full reporting requirements of the SEC.
Critics say Mylan has been emboldened by the recall of EpiPen’s only competition last fall. The deal also includes a $175 million deferred payment due in 2019 and $850 million in downstream payouts tied to regulatory and sales targets.
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