Fintech: Lean Teams, Fat Valuations?

Graphical user interface Description automatically generatedBeanstox is building a consumer-focused financial technology business, beginning with our app for automated wealth.

This update, inspired by a recent article in Crunchbase, refers to building tech businesses and value while having a lean team. At Beanstox we have a lean dedicated team of great people, for product development, operations, investing, marketing and more.

Now, our second round of crowdfunding creates an opportunity for people to invest in the business, with $250 or more, alongside Kevin O’Leary, Chairman and co-owner of Beanstox.

So what’s the story about lean teams and fat valuations? 

Crunchbase breaks down the data on a sample set of venture-backed, software focused businesses that went public in the last 8 months.

Highlights and takeaways:

–   New public companies with multi billion-dollar valuations had staff sizes ranging from 300 to over 4,000.
–   Valuation per employee (VPE) for notable public tech companies including Roblox and Coinbase.
–   VPEs have grown from $1-4 million in 2018 to over $10 million.
–   And more

For a more complete list of newly public companies and their VPE metrics, check out the article at this link:

Tech Staff Sizes Still Aren’t Rising Much, But Valuations Sure Are

Get info on this Offering page about Beanstox and how you can invest alongside Kevin O’Leary.

Although we are excited by the Fintech growth opportunities for Beanstox, we are also mindful of the fact that for every success story, there are many others which are not as successful.

This content was originally published in the Updates feed of the Beanstox crowdfunding campaign on StartEngine.

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