on December 6, 2018
“Lyft has the clear early-mover advantage, and they will definitely get the benefit of the doubt,” Santosh Rao, head of research at the merchant bank Manhattan Venture Partners, told Business Insider. “No one knows how to value these companies. Is it a software company? Is it a car company? Is it a service?”
on November 27, 2018
While recent volatility in the stock market illustrates some investor uncertainty in public companies, investors in private companies continue to push big chips into fast growing businesses that are becoming household names. Recently, I had an opportunity to interview Rashaun Williams, a Los Angeles-based venture capitalist and General Partner at the MVP All-Star Fund.
on October 23, 2018
If Lyft is faster than Uber, there are likely to be several benefits to the car hire broker: “First going to Wall Street will benefit from an advance of trust and a higher rating,” says Santosh Rao of New York-based investment firm Manhattan Ventures , He’s in a hurry. “The prospects for the IPOs of tech start-ups are still good. But there will be a market correction. “
on October 3, 2018
Manhattan Venture Partners Research Director, Santosh Rao, identified the biggest beneficiaries from the deal:
“I think overall, the industrials will be good. And Canada is a big partner in terms of energy, in terms of everything. I think all that will have some spillover effect. Overall positive sentiment will flow into everything. And Canada is one of our biggest trading partners. So I would say that a number of industries, leading off with farming, autos and other industrials.”
on August 15, 2018
The Turkish lira found some footing Tuesday morning, with its downward slide stopping for the time being. Still, the currency is down nearly 40 percent this month, and Turkish President Recep Tayyip Erdoğan, who sees Turkey as under economic attack, has declared that the country will boycott American electronic goods, singling out iPhones as an example.
Erdogan also said his people should buy Turkish smartphones, naming the Turkish electronics and consumer appliance company Vestel and its line of Venus smartphones. Vestel stock jumped over five percent on the news.
Santosh Rao, head of research at Manhattan Venture Partners, said Erdogan’s move to boycott American electronics and push Turkish consumers to Vestel phones might not work the way he thinks it will.
“Every part of [Vestel phones] are American,” Rao said. “The chips are Qualcomm. It runs on the Android operating system. The screen is made by Corning.”
And while Vestel is a large company, smartphones are a small piece of their business. Even in Turkey, iPhones are more popular. Rao added that these days, supply chains are just too connected to one another to effectively boycott one country’s products.
“In the end, it doesn’t make economic sense for him, it doesn’t make political sense for him, to deny his people the best products that they’re used to,” Rao said.
on April 30, 2018
Our Guernsey-licensed investment adviser, a joint venture with Manhattan Venture Partners, a US merchant bank focussed exclusively on institutional quality direct secondary transactions in venture-backed private tech companies, will shortly be launching Europe’s first non-private fund investing in globally renowned privately-held tech disrupters such as Airbnb at the scale up and pre-IPO stage. First close is expected to be in June.
on April 11, 2018
Spotify is the latest unicorn to go public. The music streaming service opted for a direct listing, shunning the route of the traditional IPO. Is this going to be a trend? In this episode of Yahoo Finance Presents, Alexis Christoforous speaks with Santosh Rao of Manhattan Venture Partners.
on April 6, 2018
In 2017, Spotify earned about $5bn in revenue through its 71 million paying subscribers, but high costs, which last year included a staggering $1.5bn in music royalties, have kept the company in the red. However, share sales in the private market ahead of the 3 April Nasdaq launch were telling. New York financial services group Manhattan Venture Partners reported that Spotify shares had been changing hands for up to $150 each in the two weeks prior to launch.
on April 4, 2018
Prior to listing, Santosh Rao, the head of research at Manhattan Venture Partners — which has invested in the company in the secondary market — expected Spotify’s strategy to pay off and be an example for others to follow. “If this is a successful listing, I can see Airbnb doing it, Uber doing it,” he told Bloomberg. “But Uber and Airbnb are much bigger scale.”
Venture Bytes is a monthly insight report highlighting topical ideas, current trends and emerging opportunities in the global technology landscape