IPOs may steal all of the headlines, but when it comes to the liquidity of venture-backed tech companies, M&A exits remains the bread and butter of the industry.Read More
It’s been a long time coming, but an initial public offering from one of the fastest-galloping unicorns is expected in early 2017, and some observers expect it could lead to a stampede of big-name debuts.Read More
Initial public offerings for unicorns—private companies with valuations of at least $1 billion—have been rare this year. Cloud communications startup Twilio, launched its IPO in June; data center hardware maker Nutanix in September; and business software company Coupa soon thereafter.
But for other notable unicorns like security firm Palantir, Uber, and Snapchat—nothing yet.Read More
Nearly one-third of private tech companies in the United States that have achieved "unicorn" status will eventually be worth less than $1 billion, according to a report published Tuesday.
The report from SharesPost Inc, a platform for investing in pre-IPO companies, provides a data-driven analysis of the unicorn market - both how it was created and how many will survive. Unicorns are venture-backed companies valued at $1 billion or more in the private market.Read More
Matt Murphy, a managing director at venture capital firm Menlo Ventures, sees something happening in Silicon Valley that he hasn't seen in a very long time.
“There are more amazing private companies now than I can remember in my 17-year career in venture capital,” said Murphy. “There are more potential IPOs today than I can remember since 1999.”Read More
The private market for late-stage, venture-backed firms has grown rapidly over the last three years. Starting in 2012 with just a handful of unicorns, the private market closed 2013 with 36 of them. Then there were 75 in 2014, and 128 by the end of 2015. Today, there are 146 unicorns, with an aggregate market cap of more than $550 billion.Read More
Fidelity Investments last week again marked down the valuations of some of the highest-flying unicorns in its portfolio. A look at two different sets of numbers tells an entirely different story.Read More
Some in the venture community see the fact that there have been only a handful of tech IPOs in the last six months as the harbinger of doom. If there are no public exits, they can’t harvest gains from their “winners” and return capital to their investors.Read More
Sven Weber, Managing Director, SP Investment Management discusses Lyft’s recent filing to raise $1 billion in new financing.Read More
SharesPost, the San Francisco startup that helped legitimize the idea of buying and selling shares in companies before they go public, said it has sold its stake in Nasdaq Private Market to Nasdaq.Read More
Sven Weber, managing director of SharesPost Investment Management, talks about recent market volatility and the potential impact on the private security market.Download article
After researching a number of alternatives, Mr. Walker suggested the SharesPost 100 Fund (PRIVX), a closed-end interval fund that had been on the market for about six months. The fund invests in about 25 private companies and requires a minimum investment of only $2,500.Read More
Silicon valley is abuzz with bubble talk. It’s the VC conversation starter of choice these days. Frequently, the topic segues into unease about the increasing competition for deals from Silicon Valley newcomers. The argument goes that the new investors are inflating a bubble in the venture asset class by bidding up valuations.Read More
Last year, pre-IPO startups raised about $13 billion in additional financing, according to CB Insights. That marks the first time that such companies attracted more growth capital on the private market than the ones that did go public. As a result, with pre-IPO companies already boasting multibillion-dollar valuations, investors of all stripes want a piece of the action, experts say.Read More
“Today it takes 10 to 12 years for venture capital companies to get acquired,” Weber says. That allows more time to maximize shareholder return, he says. “So we are looking at companies that are typically seven to nine years old, have $50 million to $100 million minimum revenue and that grow 30% a year in revenue.” Sven Weber, President, SharesPost Investment Management.Read More
“With private capital markets in flux, and with public resistance to carry fees increasing, [one should] think long and hard before recommending funds that lock clients into two-and-20 over the next, say, seven to 10 years or longer. They are a problem waiting to happen”. - Norb Vonnegut, WSJRead More
Business News Network interviews Sven Weber, the Sharespost 100 Fund's Portfolio Manager, on the world’s largest IPO, Alibaba. He addresses the key question - “Should the Chinese e-commerce company be in your portfolio?”View video
Growth Capital Investor sits down with the man behind the SharesPost 100 list and the portfolio manager of the SharesPost 100 Fund, Sven Weber, Managing Director and President of SharesPost Investment Management, to ask him about the fund.Read More
SharesPost Investment Management LLC just launched a fund that promises a way for the public to invest in some of the best growth-stage private technology companies.Read More
Facebook Inc. (FB)’s 2012 stock market debut helped spark a boom in U.S. initial public offerings, sucking the life out of a Wall Street fad that the social network had helped popularize: private share exchanges.Read More
Nasdaq CEO Bob Greifeld isn’t sweating Twitter’s stock listing.
While the exchange boss is expected to lose the high-profile deal to archrival the New York Stock Exchange, Greifeld is looking to get the inside track on the next hot crop of young tech companies before they go public.Read More
Nasdaq OMX is pushing ever earlier into the lives of companies. The exchange operator [is] launching an exchange for private companies in a joint venture with SharesPost, Inc.Read More
Nasdaq OMX and SharesPost will join to create a new exchange that will allow accredited investors to buy private-company shares. The move reflects the competition and new landscape these market-makers face–particularly whether interest in pre-IPO stocks will fade now that Facebook shares trade publicly.Read More
Today, Nasdaq and SharesPost jointly announced they are launching a new marketplace for trading shares in privately held companies. At the outset, it sounds like an oxymoron: The whole idea of privately held companies implies that closed circle of founders, employees, and investors closely guards the equity.Read More
SharesPost President and Co-founder Greg Brogger joined CNBC’s Power Lunch to discuss how the impending Facebook IPO has freed up investment interest for the latest mobile, cloud and social networking companies in the secondary market, and how the JOBS Act makes it both easier for companies to stay private and go public.Read More
Cody Willard reported on the halting of Facebook trading on SharesPost, Facebook’s recent decision to be listed on Nasdaq instead of the NYSE, and discussed which publically traded companies have exposure to Facebook stock, including Microsoft, Interpublic Grup and GSV Capital.Read More
Krystal Peak reported Facebook’s latest steps lead the social media giant closer to its debut as one of the largest tech IPOs in history, requesting secondary markets halt trading to ensure the company’s orderly transition into the public markets and choosing Nasdaq over NYSE with the ticker symbol “FB”.Read More
Facebook Inc. (FB)’s implied valued rose 8.9 percent to $102.8 billion yesterday in what was expected to be the last auction of its stock on SharesPost Inc.’s exchange before the social-networking company’s initial public offering.
SharesPost completed the auction at a price of $44.10 for 150,000 units, the firm said in an e-mailed statement. That’s up from an auction earlier this month with a price of $40.50 a share, valuing the company at $94.4 billion, based on a share count of 2.33 billion.Read More
Business Insider’s Tom Johansmeyer shared insights by SharesPost at the Business Insider IGNITION 2011 Conference, focusing on SharesPost’s new platform meant to enhance automation and transparency.Read More
Business Insider’s Tom Johansmeyer reported how “push” stocks, like Facebook and LinkedIn, could be great for private markets; by creating a market for push stocks, SharesPost can provide a steady stream of future opportunities for the second market community for years to come.Read More
Reuters reported on the latest advancement of secondary markets—raising capital. Recently, a seven-year-old web company called TrueCar turned to SharesPost to help connect the company to an extensive network of institutional and high-net worth investors it may not have otherwise reached, increasing visibility and helping create demand for their stock.Read More
Steve Davidoff of New York Times’ Dealbook reported on the private, closed markets like SharesPost, aiding in the cause of market transparency, providing platforms to trade shares of companies that have yet to go public.Read More
Tom Johansmeyer reported SharesPost’s plans to enhance transparency by taking its real-time pricing to the Bloomberg Professional service, where viewers would be able to view historical data on privately held companies.Read More
Zachary Lichaa reported on SharesPost’s recent move to feature real-time pricing on Bloomberg’s Professional service, an effort that could reduce speculation on IPO pricing and valuations when the companies decide to go public.Read More
In an effort to enhance transparency for members, Olivia Oran reported SharesPost would begin allowing subscribers to view real-time and historical pricing for shares of hot private companies like Facebook, Twitter and Etsy—a move that will also open up the market for trading shares of privately held companies to new investors.Read More
Steven Russolillo reported on increased competition in three sectors, including social media, green technology and cloud computing, noting that SharesPost has experienced a deepening of the market.Read More
Tom Loftus reported that trading in Facebook shares, which once surged 70% to $34 between March and December, had leveled off, according to SharesPost. Loftus cited the bad economy as an indication.Read More
Jolie O’Dell reported on Twitter’s slow approach to revenue, adding that the microblogging platform’s revenue-generating suite of ad products had not been rolled out yet. Citing SharesPost, Twitter is a year or two away from fully monetizing all aspects of its platform.Read More
Udayan Gupta reported SharesPost has been stretching its capabilities as the leading exchange, conducting more than 600 transactions by the end of August, to helping raise more than $200 million for TrueCar, in what is one of the first primary capital transactions on these exchanges.Read More
Randy Hawks reported on the perception of volatility in the stock market, deterring high hopes for a good year for venture capital-backed IPOs. In what is proving to be an alternative to the private market, Hawks wrote, is SharesPost, as a marketplace for trading shares of private companies, and the growth of markets for trading illiquid assets online.Read More
PEHUB reported TrueCar, a company that provides car-sales prices to consumers, has raised more than $200 million in debt and equity financing with the help of SharesPost’s private investory portal, marking the first time a company has raised primary capital via an online private company marketplace.Read More
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