September, 2023

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Average Growth Rate For Startups

Equidam

Editor’s note: This post was originally published in November 2016 and has been updated with latest data for accuracy in September 2023. Building a startup into a sustainable business requires multiple years of commitment. But how do founders see this roadmap? When do we expect the company to be generating revenues? How steep should the proverbial hockey stick be?

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Some employees are destroying value. Others are building it. Do you know the difference?

Mckinsey and Company

More than half of employees report being relatively unproductive at work. New research into six types of employees shows how companies can re-engage workers while amplifying the impact of star performers.

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Board Practices: Artificial intelligence

Harvard Corporate Governance

Posted by Natalie Cooper (Deloitte LLP), Bob Lamm (Deloitte LLP), and Randi Van Morrison (Society for Corporate Governance), on Saturday, September 2, 2023 Editor's Note: Natalie Cooper is Senior Manager and Robert Lamm is an Independent Senior Advisor, at the Center for Board Effectiveness, Deloitte LLP; and Randi Val Morrison is Vice President, Reporting & Member Support at the Society for Corporate Governance.

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LVMH’s Bernard Arnault Is the King of Luxury, but Who Is Next to the Throne?

NYT M&A

With brands like Tiffany, Dom Pérignon and Louis Vuitton, LVMH turned him into one of the world’s richest men. But with five children, he has a hard decision to make.

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How to Leverage Intent Data for Better Outcomes

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

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Private equity M&A set to whittle sector down to 100 ‘next-generation’ firms

Financial Times M&A

Split between managers that can raise money and those that cannot will lead to consolidation, predicts Partners Group CEO

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Colorado Cannabis Co. Expands In Europe Via New Acquisition, More Details Here

Benzinga

CBD of Denver, Inc. (OTC Pink: CBDD ) has closed the acquisition of HOLISTICH GmbH, a Swiss-based company with a location in Vienna, Austria with a focus on cannabis tissue cultures offering cannabis production facilities high-quality cannabis clones. What Happened HOLISTICH has an existing wholesale distribution and clone business that will immediately add revenues to Luxora.

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Global Economics Intelligence executive summary, August 2023

Mckinsey and Company

Leading indicators show signs of a rebound—will it sustain? Confidence potentially returning but consumers remain cautious; inflation persistent in some countries; trade volumes still declining.

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2023 Corporate Governance developments

Harvard Corporate Governance

Posted by Melissa Sawyer, Lauren S. Boehmke and Marc Treviño, Sullivan & Cromwell LLP, on Monday, September 25, 2023 Editor's Note: Melissa Sawyer , Lauren Boehmke , and Marc Treviño are Partners at Sullivan & Cromwell LLP. This post is based on a Sullivan & Cromwell memorandum by Ms. Sawyer, Ms. Boehmke, Mr. Treviño, Susan M. Lindsay , June Hu , and H.

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Smucker’s Buys Twinkie Owner Hostess Brands for $5.6 Billion

NYT M&A

J.M. Smucker, the maker of jellies, Jif peanut butter and Uncrustables, agreed to take over Hostess Brands, adding Twinkies, Ho Hos and Ding Dongs to its portfolio of snacks.

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Private equity firms pivot away from traditional buyouts

Financial Times M&A

Blackstone and Apollo executives talk up scope to expand into private credit and infrastructure investing

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

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Twitter chaos after Elon Musk takeover may have violated privacy order, DoJ alleges

The Guardian M&A

US Department of Justice questions compliance with FTC order on data security and privacy practices Elon Musk’s takeover of Twitter created a “chaotic environment” at the social media platform that may have violated a government order requiring an overhaul of its data security and privacy practices, according to a court filing. The US Department of Justice (DoJ) alleged in a legal filing on Tuesday that depositions from former employees at Twitter, now rebranded X , raised “serious questions” ab

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7 Banking Buzzwords You Need to Know | Ncontracts

N Contracts

If you’re a banker or work for a financial institution, you’ve likely heard some of these banking buzzwords, but what do they really mean? We’re here to break down some common financial buzzwords you need to know.

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Turning consumer and retail companies into software-driven innovators

Mckinsey and Company

As customers increasingly expect seamless, engaging digital experiences, consumer-facing organizations can follow six principles to perform like the most successful tech companies.

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The EU’s New ESG Disclosure Rules Could Spark Securities Litigation in the US

Harvard Corporate Governance

Posted by Raquel Fox, Simon Toms, and Jeongu Gim, Skadden, Arps, Slate, Meagher & Flom LLP, on Saturday, September 23, 2023 Editor's Note: Raquel Fox and Simon Toms are Partners and Jeongu Gim is an associate at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on a Skadden memorandum by Ms. Fox, Mr. Toms, Mr. Gim and Tansy Woan.

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Mastering Intent Data: Understanding its Importance & Best Practices

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

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Letterboxd, Online Haven for Film Nerds, Gets a New Owner

NYT M&A

Two designers from New Zealand built a wildly popular social network for movie buffs. Now, they’re cashing in (and sticking around for the sequel).

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Chelsea FC raises $500mn from Ares

Financial Times M&A

Premier League club joins forces with US alternative asset manager as it looks for ways to boost revenue

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How AI can help tax and accounting professionals attain their goals

ThomsonReuters

Jump to: AI for firms: operational improvements and new services AI for in-house departments: protect the business and enable growth Client communication benefits through AI AI for firms: operational improvements and new services One of the main benefits of AI is the potential to improve productivity and efficiency. According to the new report, “Future of Professionals”, 59% of tax and accounting professionals working at firms cited productivity as their top priority, and 55% selecte

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IRS Doubles Down On Substantiation of Health and Dependent Care Expenses

Trout CPA

The IRS recently cautioned employers that the tax-free status of all benefits provided under their Internal Revenue Code (IRC) Section 125 cafeteria plan could be lost if employees are allowed to self-certify or use shortcut methods to substantiate reimbursable expenses.

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Building food and agriculture businesses for a green future

Mckinsey and Company

Many industry leaders expect significant disruption across the agriculture value chain over the next two years, resulting in new opportunities to build and scale green-growth, resilient businesses.

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Who are the new directors?

Harvard Corporate Governance

Posted by Subodh Mishra, Institutional Shareholder Services, Inc., on Friday, September 22, 2023 Editor's Note: Subodh Mishra is Global Head of Communications at Institutional Shareholder Services (ISS) Inc. This post is based on an ISS Corporate Solutions memorandum by Sandra Herrera Lopez, Ph.D., Vice President, ESG Content & Data Analytics, & Veronica Nikitas, Senior Associate, Compensation & Governance Advisory at ISS Corporate Solutions.

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FTC Sues Anesthesia Group Backed by Private Equity, Claiming Antitrust

NYT M&A

The federal agency claims the company’s practices amount to antitrust activity, a new salvo in the government’s scrutiny of health care consolidation that has led to higher prices.

Equity 130
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Moody’s warns of ‘systemic risk’ from leveraged lending market

Financial Times M&A

Rating agency says looming ‘race to the bottom’ between banks and private debt funds could erode credit quality

Banking 143
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Putting the (Insta)cart before the (Grocery) horse: A COVID Favorite's Reality Check!

Musings on Markets

After years of rumors of an imminent IPO, Instacart has finally filed for a public offering of it’s shares, aspiring to raise about $600 million from markets, at a pricing of about $9-$10 billion for its equity. Coming in the week after ARM, an AI chip designer, also filed to go public, but with an estimated pricing of $55-$60 billion, it is an indication of how much the ground has shifted under Instacart since the heady days of 2020, when Instacart was viewed by some Americans as the only thing

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Distressed Debt Hedge Funds: How to Become a Vulture Capitalist

Brian DeChesare

Ask anyone interested in distressed debt hedge funds for “the pitch,” and they’ll probably mention one of the following: “It’s like long/short equity or credit , but more interesting!” “Distressed investing offers equity-like returns with lower risk.” “Distressed assets offer non-correlated returns, similar to global macro.” These are nice sales pitches, but the reality is quite different.

Equity 103
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AI: The next frontier of performance in industrial processing plants

Mckinsey and Company

AI is more accessible than ever. With a wealth of historical data and existing subject matter expertise, processing plants are well positioned to create new opportunities.

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ESG + Incentives 2023 Report

Harvard Corporate Governance

Posted by Matthew Mazzoni and Jennifer Teefey, Semler Brossy LLC, on Sunday, September 3, 2023 Editor's Note: Matthew Mazzoni is a Consultant and Jennifer Teefey is a Senior Associate Consultant at Semler Brossy LLC. This post is based on a report with data provided by ESGAUGE by Mr. Mazzoni, Ms. Teefey, Mira Yoo , Jay Veale , Cecilia Miao, and Anjani Trivedi.

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Microsoft-Activision Blizzard Deal: U.K. Agency Signals Approval

NYT M&A

Britain’s antitrust regulator said the companies had addressed its main concerns about the $69 billion deal, though final approval is yet to come.

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Daniel K?etínský nears deal to sell Le Monde stake to Xavier Niel

Financial Times M&A

Sale by Czech tycoon will advance French billionaire’s ambition to put newspaper’s ownership into foundation

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Ncontracts Endorsed by The Georgia Bankers Association

N Contracts

BRENTWOOD, Tenn., September 7, 2023 -- Ncontracts , the leading provider of integrated compliance, vendor, and risk management solutions to the financial industry, has been officially endorsed by the Georgia Bankers Association for its Risk Performance Management (RPM) Suite.

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The Importance of Communication During Due Diligence

A Neumann & Associates

Mergers and acquisitions ( M&A ) are complex transactions that require careful planning, analysis, and execution. Due diligence is a critical part of the M&A process, as it involves an in-depth examination of the target company’s financial, legal, operational, and other relevant information. Effective communication between the acquiring company and the target company is essential during the due diligence period to ensure a smooth and successful transaction.

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Gen AI in high gear: Mercedes-Benz leverages the power of ChatGPT

Mckinsey and Company

Philipp Skogstad, CEO of Mercedes-Benz R&D North America, shares the story of bringing generative AI to 900,000 beta testers and discusses the vision, impact, challenges, and path forward for generative AI applications in the automotive sector.

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Trends in Shareholder Proposals

Harvard Corporate Governance

Posted by Nathan Williams, Jamie McGough, and Donald Kalfen, Meridian Compensation Partners, on Friday, September 1, 2023 Editor's Note: Nathan Williams is a Lead Consultant, and Jamie McGough and Donald Kalfen are Partners at Meridian Compensation Partners. This post is based on their Meridian Compensation Partners memorandum. Shareholder proposals are a common part of the governance landscape.

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Trout CPA Welcomes Three Outsourced Accountants

Trout CPA

We are thrilled to introduce you to three exceptional professionals who have joined our Outsourced Accounting team, each bringing a wealth of experience and expertise.

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Banker glee does not tell the whole story on Lina Khan setbacks

Financial Times M&A

Settlement over Amgen $28bn acquisition shows the antitrust chief still won concessions to protect consumers

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