Blog Article | Thomas Lee
Posted: June 19, 2018

Help wanted: CFOs in Silicon Valley, particularly ones with IPO experience

David Arnold has a big problem with chief financial officers of late. Namely, he can’t find enough of them.

“There is a big shortage of ‘A’ player CFOs,”said Arnold, a Silicon Valley headhunter who primarily recruits CFOs for tech companies.

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Blog Article | Rohit Kulkarni
Posted: June 15, 2018

Is Domo headed to a down-round IPO? Ten Highlights from Domo’s IPO Filing

Summary: Domo, a Utah analytics unicorn, recently filed for its IPO. Based on its financials, ongoing cash burn, and slowing top-line growth, we think it could be headed to a down-round IPO. The company’s most recent private funding valuation was $2.28 billion as of December 2017, but we’d be surprised if its public offering exceeds that level. On the other hand, Domo boasts a proven founder/CEO, a strong track record working with enterprise-class firms, low end-market penetration, and a bullish IPO market for SaaS companies. Domo makes software that enables employees in an enterprise to access real-time data and insights and take action from their smartphone.

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Blog Article | Rohit Kulkarni
Posted: June 14, 2018

Building the Internet of Value: Opportunities & Challenges in Blockchain

Highlights from Webinar with Ripple’s Asheesh Birla

We recently hosted a webinar with Asheesh Birla, senior vice president of product at Ripple, to discuss how Blockchain and digital currencies are remaking the global payment industry.

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Blog Article | Rohit Kulkarni
Posted: June 7, 2018

Adyen IPO: FinTech Unicorns on the rise

Adyen, a payments processing company from the Netherlands, filed its IPO prospectus last week. With a private valuation of about $11 billion, the company’s stock offering could be second largest European company going public, after Spotify. We’ve witnessed several international IPOs this year, spread across several sectors such as fintech, ridesharing, healthcare and e-commerce. Overall, we expect to see several non-U.S. based companies go public in the next 12 months, emerging mainly from Europe and China. Europe boasts 25 unicorns including Adyen, Klarna, Transferwise, Auto1 Group and Deliveroo; 65 unicorns call China home, including Didi, Xiaomi, Meituan and Lu.com.

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Blog Article | Thomas Lee
Posted: June 6, 2018

Forget going public. Cooking/meal kit startups should find buyers

Blue Apron was the sacrificial lamb. Now we’ll see if investors behind the myriad of cooking/meal kit startups will ultimately get egg on their faces.

Okay, I’ll stop with the bad food puns. But for those companies still looking to go public, the situation looks rather dire at the moment. Blue Apron stock is trading below $3 per share, compared to $9.34 closing price the first day it traded last year.

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Blog Article | Rohit Kulkarni
Posted: June 5, 2018

Airbnb continues to show strong growth. But an IPO is still a long way off

Given the flurry of unicorn IPOs of late, investors naturally wonder when Airbnb, one of the world’s most highly valued unicorns, will pull the trigger.

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Blog Article | Rohit Kulkarni
Posted: June 4, 2018

Private Market Insights from the Code Conference: Part Three

As part of our “feet on the street” approach to research, last week we attended the Palos Verdes, CA ReCode’s Code Conference. Day Three takeaways, and private market read-throughs as follows:

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Blog Article | Rohit Kulkarni
Posted: May 31, 2018

Private Market Insights from the Code Conference: Part Two

As part of our “feet on the street” approach to research, this week we are in Palos Verdes, CA attending ReCode’s Code Conference. Day Two takeaways, and private market read-throughs as follows:

No rush for an Airbnb IPO: Airbnb CEO Brian Chesky said the company would be ready to go public in 2019 but still might wait. The company does not have a Chief Financial Officer though Cheksy said Airbnb wants to hire executives with a longer term view and are willing to stay at least “about a dozen years.” He spoke highly of Airbnb’s “Experiences” service, in which the company recruits hosts to offer tours, intimate concerts, and classes, like surfing and pasta making. Ultimately, Chesky thinks the “experience economy” could be as large as the “sharing economy.” From a regulatory standpoint, Airbnb continues to face an uphill battle in cities like San Francisco and New York.

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Blog Article | Thomas Lee
Posted: May 31, 2018

Tim Draper: values and ideas, not scarcity or utility, is what gives money its value

What gives anything value? I’ve been thinking a lot about this question of late given the debate over the growing popularity of cryptocurrencies like Bitcoin and Ethereum. People from famous investors like Warren Buffett to my journalist friend Alison think they are essentially worthless—just because you say something is worth something doesn’t make it so.

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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.
Rohit Kulkarni
Article Author

Rohit Kulkarni

Rohit is the Managing Director, Private Investment Research for SharesPost Research LLC. Prior to joining SharesPost, Rohit was a Vice President, Senior Analyst at RBC Capital Markets.
Thomas Lee
Article Author

Thomas Lee

Thomas Lee is the Senior Writer at SharesPost. He was previously a business columnist at the San Francisco Chronicle. Lee has written for the Star Tribune in Minneapolis, St. Louis Post-Dispatch, and Seattle Times. He is author of “Rebuilding Empires” (St. Martin's Press), his book on the future of big box retail in the digital age.
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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