Mogu, a Chinese fashion e-commerce app backed by Tencent, is now targeting a $2 billion valuation in its U.S. initial public offering, lower than the $3 billion price tag in its last fundraising two years ago, Bloomberg reported. The new valuation target is also half of Mogu’s previous IPO valuation target of $4 billion back in April, according to Bloomberg. The steep decline in Mogu’s...
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Stop Paying People So Much
Every startup leadership team wrestles with the trade-offs between growth and profitability. This is fitting and ever shall be. What teams don’t reflect on sufficiently is how a flawed compensation philosophy can make those trade-offs far more painful than they could be. As a former entrepreneur, I know that every venture relies on the exceptional efforts of supermotivated professionals,...
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