Myth Versus Data in the Financial Markets
As we’ve all learned over the last year or so, the financial markets are as full of myth, hyperbole, and occasionally outright distortion as any human institution. The market for IPOs is no different.
The traditional scenario is this: a company builds hockey-stick projections showing amazing growth in a few short years to impress potential investors. Venture capitalists kick in funding, and if the company is successful, the VCs, employees and investors all do well. That growth is realized-- but typically in a much longer timeframe than initially projected.
As we’ve all learned over the last year or so, the financial markets are as full of myth, hyperbole, and occasionally outright distortion as any human institution. The market for IPOs is no different.
The traditional scenario is this: a company builds hockey-stick projections showing amazing growth in a few short years to impress potential investors. Venture capitalists kick in funding, and if the company is successful, the VCs, employees and investors all do well. That growth is realized-- but typically in a much longer timeframe than initially projected.
We analyzed the financial statements of over 100 companies to bust the myth of the hockey stick revenue projection. How long does it really take to build a successful company? Of course, being Tableau, we visualized the analysis:
In fact, for most successful tech companies, it took about 9 years to reach $50 million in sales.
The results are published in a new sister blog, IPO Dashboards. We’ve also just posted on what this and current market conditions mean for the VC business model, which typically assumes much faster IPOs. IPO Dashboards also uses some cutting-edge web technology that we’re calling tableau public for now.
Being data geeks, we love busting myths and answering interesting questions. But we were flattered when the Wall Street Journal decided to run this visualization in one of their own blogs, Venture Dispatch. Take a look at IPO Dashboards and if it sparks your interest, leave a comment.
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Tableau에서는 날마다 데이터, 분석 및 비주얼리제이션에 관한 흥미로운 소식을 찾고 있습니다. 블로그에서 그러한 소식을 공유하는 것은 사람들이 자신의 데이터를 보고 이해할 수 있도록 지원한다는 Tableau의 사명에서 매우 중요한 부분입니다. Tableau를 더 효과적으로 사용하는 요령부터 사람들이 일상에서 데이터 관련 문제를 어떻게 해결하는지 모두 찾아볼 수 있는 Tableau 블로그는 데이터 애호가들을 위한 곳입니다.