All posts tagged: 875M

5 things to know as Mega Millions hits 5M, Powerball at 5M

5 things to know as Mega Millions hits $875M, Powerball at $645M

Published by skeptic

(NEXSTAR) — Without winners in either weekend drawing, the Powerball and Mega Millions jackpots have grown again, making them now worth a combined total of $1.52 billion. Nobody matched the winning numbers in Friday’s Mega Millions drawing, pushing that jackpot to an estimated $875 million. At its current size, the jackpot ranks as the sixth-largest in game history. Without a jackpot winner in Saturday night’s drawing, the Powerball grand prize is now estimated at $645 million. That’s the 12th-largest in Powerball history. With all of this money at stake, you may be tempted to buy a ticket, or two, or maybe three. Here are five things to know before playing Powerball or Mega Millions. What are my odds of winning the jackpots? If you’ve played the lottery before, you know your odds of hitting the big payout are slim. You have a 1 in 24 chance of winning any payout, ranging from $2 to the jackpot, in Mega Millions. Your chances of winning the Mega Millions jackpot are roughly 1 in 302.6 million. Your odds are slightly …

M&A founder lessons: Valuable insights from PlanGrid’s 5M acquisition by Autodesk

M&A founder lessons: Valuable insights from PlanGrid’s $875M acquisition by Autodesk

Published by skeptic

Tracy Young is the co-founder and CEO of TigerEye, the go-to-market platform that helps companies make strategic decisions and is currently offering early access. More posts by this contributor 5 failure points between $5M and $100M in ARR In December 2018, Autodesk acquired PlanGrid for $875 million. I worked at Autodesk, assisting in integration for 15 months in the newly formed Autodesk Construction Group. Integrating a startup into another company is like jumping into freezing cold water — there is an initial shock to the entire system. As founders, it was important that we took care of our team and ensured our products continued to work well for customers. Companies are bought; they are not sold. Buyers typically pursue acquisitions to: Gain market share and increase revenue and customer logos. Remove a competing business from the market. Expand their product lines and technical capabilities. Expand in-house technical and sales expertise quickly. This post is for anyone who has a signed LOI or term sheet with an acquirer and is looking for lessons learned on how …