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What's fun about the Wadi is that
it is funny.
Let's pick up from yesterday bashing the D&A list of
Israel's largest private high-tech companies published by
TheMarker.
Here are some things I liked most on the first page
(ranking 86 to 170):
Number 87:
TelesciCOM
Value according to D&A:
$80M (Value at previous round according to D&A:
$50M)
D&A Comment: Must succeed in raising
money or its existence might be in danger.
Wadi List
Translation: OK. Here is. Company is out of cash. Someone
might invest. We at D&A think he doesn't read TheMarker and thus
is not aware of the situation and will value the company at higher
valuation than it was previously valued at.
Wadi List
Comment: I hope no investors read the Wadi List either.
Number 102: e-now
Value
according to D&A: $70M
Wadi List Comment:
The company develops a search engine for internet chats. I
think it can even search on chats made with Hypernix Gooey but I'm
not sure about it.
Number 107: EverAd
Value
according to D&A: $60M
D&A Comment:
The current situation of the Internet requires finding a
stable business model.
Wadi List Comment: Yes. I
like it. We had the same comment with Atomica. I'll remind you.
Think about the value investors recently gave I-Mesh and Cydoor then
discount it assuming the company had no one using its products. I'm
sure that with some math it is possible to get to $60M. We did that
with Atomica didn't we?.
Number 164: HotBar
Value
according to D&A: $42M
D&A Comment:
Real Sales.
Wadi List Comment: I'm
worried. So all the other companies have faked sales? I should
really ask the people at Broadcom about this.
And that is about it.
Just one more thing.
When going for "the largest private high-tech
companies" people usually go with estimated revenues. But, hell, I
guess we wouldn't have 200 if we tried this. So let's stick to
valuations. It is easier and more exciting.
And it can also be funny for a while.
You know, sad things are the funniest ones.
Wadi Writer #1 (Gray)
WadiList@mail.com
Links:
TheMarker
TelesciCOM
e-Now
EverAd
HotBar
Related Wadi Issues:
PlayJ vs. I-Mesh
First Look - HotBar
Last time Hypernix
Banylon/GuruNet
Installing at Enemy
