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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Blog Article | Rohit Kulkarni
Posted: September 1, 2017

Lessons From Summer Before Heading Back to School

VCs look forward to a bigger 2018; Vision Fund’s shadow looms over the Valley

It’s been an interesting summer for the venture-backed asset class. While the broader market has zoomed ahead, private tech growth companies have lagged, according to our Private Growth Index. However, that’s not the only curious development in the asset category this summer. As part of our “feet on the street” approach to research, we have identified a few emerging themes for 2018. These trends are based on our observations at some notable events over the past few months, including the Code Conference in Palos Verdes and the Fortune Brainstorm TECH Conference in Aspen. Our highlights and takeaways include the following:

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Blog Article | Rohit Kulkarni
Posted: August 24, 2017

Fewer, Bigger and Later - VC Investments in Early Stage Companies

We recently had the good fortune to sit down with David S. Rose, CEO and founder of Gust, on the SharesPost Expert Series. David took some time out from his schedule to discuss trends in early-stage investing and what it could mean for late-stage investors. David has a unique perspective about the venture capital ecosystem, given his experience as a serial entrepreneur and super angel investor who has founded or funded over 100 early-stage companies. His latest success, Gust, is the global SaaS platform for incorporating and operating early-stage companies, and then sourcing and managing the investments that fund them. In a wide-ranging conversation, David covered a number of topics we discuss regularly with institutional investors about the impact of the slowdown in early-stage investing on the pipeline of late-stage investors over the next five years.

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Blog Article | Rohit Kulkarni
Posted: July 24, 2017

The Redfin IPO: Should You Buy or Rent?

The internet-based real estate brokerage Redfin filed its IPO last week, and the question investors are asking is: “Will the third consumer internet IPO this year be a hit or a flop?” So far, trading trends in consumer internet IPOs haven’t been encouraging. Snapchat shares are down 40 percent since its first day of trading, and Blue Apron may no longer remain a “unicorn” (its shares have declined almost every day since its down-round IPO). One common thread among these IPOs has been a continued high cash burn. Clearly, these companies seem more concerned with satisfying their capital needs than their valuations. We expect a number of similar companies relying on “people powered with technology” to go public. This cohort includes ride-sharing, home-sharing, and last-mile delivery companies, among others. Thus, we will be closely watching Redfin to gauge investor appetite and sentiment surrounding these types of companies.

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Blog Article | Rohit Kulkarni
Posted: July 17, 2017

FinTech 3.0 and ICO Cambrian Explosion

As part of our feet-on-the-street approach to research, we attend key conferences where industry leaders debate emerging trends and issues. We recently went to a FinTech conference hosted by True Global Ventures in New York. (True Global Ventures is an investor in SharesPost, Inc.) We came away with a number of surprising insights regarding investment opportunities in FinTech subsectors, BlockChain technology, and initial coin offerings (ICOs). Here are our key takeaways and views on what will happen next.

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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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