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Why Microsoft Is Willing to Pay So Much for GitHub

Harvard Business Review

To put this in perspective, Microsoft acquired LinkedIn for $26 billion in 2016 (7.2x Microsoft’s $7.5 billion acquisition of GitHub is a perfect illustration of how value is ascribed differently in Silicon Valley than in the rest of the world. GitHub was acquired for close to 30x annual recurring revenue (an astronomical multiple).

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What Initial Coin Offerings Are, and Why VC Firms Care

Harvard Business Review

One is profits — cryptocurrency investors made some massive returns in 2016, with cryptocurrencies from Blockchain startups Monero and NEM both seeing 2,000% increases in value. ICOs are the Wild West of financing — they sit in a grey zone where the U.S.