Blog Article | Rohit Kulkarni
Posted: November 15, 2017

Stitch Fix: Where Does a Profitable E-Commerce Unicorn Go From Here?

Stitch Fix, the e-commerce apparel company that is the favorite of Millennials, is currently on its IPO roadshow, and the question investors are asking: “Will the fourth consumer internet IPO this year be a hit or another flop?”

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Blog Article | Rohit Kulkarni
Posted: November 13, 2017

SendGrid IPO: A Mile-High Opportunity?

Denver-based email software company SendGrid recently revealed details about its upcoming IPO in an amended S-1 filing. In the offering, SendGrid plans to list 7.7 million shares on the NYSE at a price as low as $13.50 and as high as $15.50 per share. In total, the company hopes to raise over $100 million in working capital. An IPO at $14.50, the mid-point of the anticipated price range, would peg the company’s implied valuation at over $700 million – more than 20% higher than the company’s most recent private valuation of $582 million in November 2016. This is good news for existing investors, including Founders Fund, Bain Capital, and Bessemer Venture Partners. But, this also raises two basic questions: Is SendGrid an attractive investment for new investors as well? And, what does this IPO tell us about the state of the IPO market in general?

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Blog Article | Rohit Kulkarni
Posted: November 9, 2017

Spotify: What’s Next for the Leader in Streaming Music?

Spotify is one of the global music industry’s bright spots of the past decade, but will it bring music to the ears of investors? That’s one possible outcome if the company continues on its growth path and executes its anticipated IPO, but there are no assurances given titanic shift the industry has experienced.

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Blog Article | Rohit Kulkarni
Posted: October 27, 2017

Webinar With Ron Suber: We’re In The Golden Age of FinTech

Last week, we had the good fortune to sit down with Ron Suber, President Emeritus and Senior Advisor at Prosper Marketplace. Ron was a guest on the SharesPost Expert Series and led us through a conversation about long-term trends in the FinTech industry. The bottom line: FinTech is now entering its “golden age.” Ron’s time with Prosper – as well his experiences as an advisor, investor, and board member in multiple FinTech companies – have informed his unique, perspective on the FinTech industry.

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Blog Article | Rohit Kulkarni
Posted: October 17, 2017

Can Peter Thiel pull another rabbit from his hat with Palantir?

Will the data analytics juggernaut be the largest enterprise IPO of our generation?

This blog is an excerpt from a 78-page detailed report titled “Palantir: Redefining Analytics, Augmenting Intelligence & Unlocking Secrets.”

Palantir is more than one of the world’s most valuable enterprise software unicorns. Because of its success, the involvement of Peter Thiel and the nature of its secret work, it has become a fascination and darling of the venture ecosystem. That’s why all eyes are on the company and its potential public offering – which could be one of the largest enterprise software IPOs of a generation.

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Blog Article | Rohit Kulkarni
Posted: October 10, 2017

An Inflection Point in Q2 For Private Growth Companies?

SharesPost Private Growth Index Trends Above S&P 500 & DJUSTC - A First in Past Seven Quarters

Are private tech growth shares poised to surge ahead? It may be too early to make that call, but during Q2:17, the SharesPost Private Growth Index increased from 102.05 as of March 31, 2017 to 107.34 as of June 30, 2017. That meaningful increase implies a 5.2% rise in valuation of private growth companies included in the Index. This gain compares to 2.6% increase in S&P 500 and 3.4% increase in the Dow Jones U.S. Technology Index. However, preliminary data from July and August indicates a flattish trend in the Index. The Index has lagged in performance in Q3 through August versus the continued bull-market rally in the public markets.

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Blog Article | Rohit Kulkarni
Posted: September 29, 2017

Top 10 Takeaways from TechCrunch Disrupt

Last week, we waded into the 7th Annual TechCrunch Disrupt conference in San Francisco. More than 5,000 entrepreneurs, investors, geeks, and such other Silicon Valley inhabitants attended this three-day event. At the conference, we met with and heard from many marquee Silicon Valley VCs, private tech investors, and tech executives. Conversations ranged from the state of VC-backed IPO market to perceived slowdown in M&A activity by strategic buyers. There were also many discussions about emerging opportunities in early-stage companies as well as valuation trends in late-stage private tech companies. While TechCrunch.com has covered this event in great detail, we thought these observations were noteworthy for the private tech growth investors.

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Blog Article | Rohit Kulkarni
Posted: September 15, 2017

Uber 2.0: Where Does the New CEO Take the World’s Most Highly Valued Unicorn?

The appointment of Dara Khosrowshahi as CEO of Uber was arguably the most important since Tim Cook succeeded Steve Jobs at Apple. Travis Kalanick, Uber’s outgoing CEO and founder, gave a warm and gracious introduction for Dara, who now leads the world’s highest-valued unicorn. It was a nice moment in what has been an incredibly rocky period for the company.

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Blog Article | Rohit Kulkarni
Posted: September 7, 2017

What Every Investor Needs to Know About Dropbox

Can a profitable Unicorn avoid a down-round IPO?

Dropbox’s likely IPO is set to become one of the largest offerings of the past few years, but the key question is whether the world’s largest cloud-storage company will go public at a share price above its last valuation.

As successful as the company is, it’s quite possible that the company’s IPO – which may raise more than $300 million – could wind up as a down round.

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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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