03/08/2023
Uber has recorded its first ever profit! Yes, you read that right… Uber the ride hailing conglomerate, recorded its first quarter of profit. EVER.
At Corbridge Capital, one of our most popular assets we deal in is private equity. The most common question by far is… How come this company is valued at $$$ even if they haven’t made any money?
In the tech space it’s very common for companies to be valued on their tech, IP, services, systems and many other variables despite never turning a profit.
So how do you spot the next potential Uber from another bad idea? There’s no exact calculation but these factors often help:
- A team of staff with lots of experience and knowledge in their sector
- A board of directors who are proven experts in their field
- A company who knows it’s core market, the business and has a timeline of how to get there.
- A detailed financial model for the past, present and future to hit their targets.
If you have any questions on how private equity works or information on the latest private equity opportunities then drop us a message or click the link in our profile!