Blog Article | Rohit Kulkarni
Posted: March 22, 2017

The Case for Airbnb’s $50 billion IPO in 2018

Very few companies in the Private Tech Growth asset class have the growth and disruptive potential of Airbnb. Airbnb started as an online marketplace where users could rent out surplus or unused space inside their homes to host travelers. Today, Airbnb is well on its way to becoming the single largest disruptor in the $2 trillion-plus travel and tourism industry in the 21st century. With a $30 billion implied valuation, Airbnb is more valuable than some global hotel chains (e.g., Hilton and Hyatt), leading airlines (e.g., United Airlines and American Airlines), and online travel companies (e.g., Expedia and Ctrip).

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Blog Article | Rohit Kulkarni
Posted: March 8, 2017

Unicorns Galloping? MuleSoft Is Next

Let me get to the punchline first: The past six weeks have been very positive for Unicorn exits, to say the least, and that bodes very well for the IPO market in coming months.

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Blog Article | Rohit Kulkarni
Posted: March 3, 2017

To IPO or Not to IPO

Last week, we sat down with Silicon Valley IPO Icon Lise Buyer, Founder of Class V Group, to answer that exact question. As a public equities institutional investor, investment banker, venture capitalist, public company board member and IPO project manager, Ms. Buyer has a unique perspective, which she shared with us on the SharesPost Expert Series on Friday. In a wide-ranging conversation with Ms. Buyer, she also covered a number of topics we at SharesPost hear regularly in our discussions with institutional investors.

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Blog Article | Rohit Kulkarni
Posted: February 6, 2017

Top 10 Scariest Questions for Snap on IPO Roadshow

The much-anticipated Snap S-1 was filed last week, so the question now facing investors is whether the company is worth more or less than its most recent private funding round. We think there would be ample demand for Snap’s $3 billion IPO because public investors haven’t had such an opportunity to invest relatively early in a growth asset recently. But after reading Snap’s S-1 filing, a lot of questions come to mind. Below, we pose the Top 10 questions you always wanted to ask, but were afraid to know.

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Blog Article | Sven Weber
Posted: January 18, 2017

2016: Banner Year For Exits In Private Tech Growth Asset Class

IPOs may steal all of the headlines, but when it comes the liquidity of venture-backed tech companies, M&A exits remains the bread and butter of the industry.

In 2016, that was absolutely true.

While the number of VC-backed tech IPOs went down, current Pitchbook data shows that corporations paid over $60 billion in 2016 to acquire US-based technology companies. Impressively, the mean price of the acquired companies rose more than 40%, and the median consideration doubled, according to Pitchbook.

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Blog Article | Greg Brogger
Posted: September 19, 2016

What Selling Shareholders Should Know

An ever-increasing number of shareholders of late-stage private companies are seeking liquidity, and with good reason. As companies stay private longer and longer, the lack of liquidity, and its converse, over concentration in a single stock becomes even more burdensome.

For the great majority, though, it is their first time selling private company shares, and the process can be quite daunting. Selling shareholders must: (1) Analyze limited information to value their shares; (2) Source and negotiate with multiple potential buyers; (3) Retain or have the legal expertise to comply with securities laws, document the transaction and conform to the issuer’s unique transfer protocols. Even where a seller has access to these resources, finding the time needed to manage these tasks is frequently a problem.Continue Reading
Blog Article | Greg Brogger
Posted: August 16, 2016

SharesPost Launches Research Team

The Private Market Gets More Transparent

At SharesPost, we believe that the more information and analysis private market investors have access to, the better the private market will be.

Over the last few years, our market has moved slowly but steadily in the direction of greater transparency. That’s primarily because leading late-stage growth companies have gotten gradually more comfortable with disclosure, but much remains to be done.Continue Reading
Blog Article | Greg Brogger
Posted: September 15, 2015

Stock Options and the New Silicon Valley

For decades, a key part of the success of Silicon Valley companies has been employee ownership. Granting stock options attracted the most talented employees and motivated them to work tirelessly in pursuit of an IPO enabled cash-out. Now though, private companies are staying private much longer and so the appeal of stock options is diminishing. Because of the recent market volatility, more IPOs are likely to be delayed, further dimming the hopes of employees looking for public market liquidity . Faced with that reality, what are smart private companies doing to reestablish the lure of equity ownership?Continue Reading
Blog Article | Greg Brogger
Posted: July 17, 2015

Fear the Bubble? Then Embrace Transparency and Liquidity

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 Valley newcomers. The argument goes that the new investors are inflating a bubble in the venture asset class by bidding up valuations. Often there is nostalgia for the days when investment in the best private growth companies was essentially a private matter involving only a small group of bankers and venture capitalists.Continue Reading
Rohit Kulkarni
Article Author

Rohit Kulkarni

Rohit is the Managing Director, Private Investment Research for SharesPost Financial Corp. Prior to joining SharesPost, Rohit was a Vice President, Senior Analyst at RBC Capital Markets.
Greg Brogger
Article Author

Greg Brogger

Greg Brogger is the CEO and Founder of SharesPost, Inc. He founded SharesPost in early 2009 to bring transparency, efficiency and scale to private securities transactions.
Sven Weber
Article Author

Sven Weber

Sven Weber is a managing director of SharesPost’s SEC-registered investment advisor, SP Investments Management, LLC and responsible for the management of SharesPost investment vehicles. Sven is also the president and a trustee of the SharesPost 100 Fund.
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