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Athletes and entertainers to get easier access to shares of hot start-ups shortly before IPOs

on February 1, 2017

A Los Angeles financial adviser who says he works with sports stars, hip-hop and other celebrities has teamed with an investment firm to help clients get stakes in giant start-ups destined for blockbuster initial public offerings.

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Tapping Nas’ former fund manager, Manhattan Venture Partners launches MVP All-Star fund

on January 31, 2017

A former fund manager at QueensBridge Venture Partners, the venture capital firm made famous by the hip-hop legend Nas, has joined boutique merchant bank Manhattan Venture Partners.

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How Facebook is taking on the responsibilities of a news organization

on December 19, 2016

On today’s show, we’ll talk about Facebook‘s fight against fake news articles; reports that Japan has overtaken China as the biggest holder of U.S. debt; and one organization’s effort to get consumers to buy real Christmas trees.

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Airbnb trying to get along with regulators ahead of IPO

on December 13, 2016

Analysts who follow Airbnb aren’t so sure. “Revenue will be affected — you can’t get around that,” said Santosh Rao, head of research at Manhattan Venture Partners. But Rao says that while the exact regulatory concessions that Airbnb would make have been unclear, it was obvious to anyone that the company’s game of putting off accepting new rules couldn’t last forever. The events of the past week don’t change how he values the company. “I factored that in,” he said. “It’s not going to be a straight walk.”

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Mutual Funds Sell Airbnb, DocuSign Shares

on December 12, 2016

DocuSign shares traded higher about a year ago, said Jared Carmel, managing partner at secondary markets firm Manhattan Venture Partners, in part because the company was reluctant to approve secondary stock sales that were below roughly $16 per share. The company has since loosened those restrictions, allowing trades to happen at lower prices, which has made it easier for employees to cash out some of their stock holdings, Mr. Carmel said. DocuSign did not respond to requests for comment.

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Airbnb Turns the Volume Down on Its Fights With Regulators Everywhere

on December 8, 2016

Santosh Rao comments in “Airbnb Turns the Volume Down on Its Fights With Regulators Everywhere”. Airbnb has always operated under a cloud of legal uncertainty as it battled city governments over how to regulate its network of short-term rental properties. The company has been kicking it into high gear to clear the situation up in recent days. On Wednesday, it released a report laying out its approach to local regulations, trying to capitalize on a weeklong stretch in which it agreed to enforce limits on rentals in London and Amsterdam, dropped a lawsuit against New York City, and praised new rules in New Orleans as a potential nationwide model.

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Snapping up Snap Ahead of IPO Proves Tough

on December 1, 2016

Jared Carmel, managing partner at Manhattan Venture Partners, another firm that works with investors in secondary private tech shares, said he has spoken to buyers, mostly hedge funds and so-called “family offices” that represent groups of wealthy individuals, which currently want to invest around $200 million in Snap. But he hasn’t been able to find shares to buy.

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Snapchat’s parent company reportedly files for IPO

on November 16, 2016

There are multiple reports that Snap, Inc., the company that owns the messaging app Snapchat, is getting ready to go public. The company reportedly expects to be valued at up to $25 billion, and its IPO could serve to test the waters for other big tech companies that have been relying solely on venture funding.

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Facebook performs well, but hints at a slowdown next year

on November 3, 2016

Despite stellar growth, Facebook shares dropped 7 percent in after-hours trading as some investors realized there will someday be a limit to how fast Facebook can grow. The company is on pace to reach $27 billion in revenue this year, with third-quarter profits nearly tripling to $2.38 billion.  Monthly users grew by 16 percent to 1.79 billion — much of it international. But Facebook warned that next year it would reach a limit on how many ads it could place in people’s feeds. Many analysts fully expect a slowdown in growth in 2017.

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Snapchat Hoping Its Debut Can Help End a Cold Snap for Tech IPOs

on October 18, 2016

Snap‘s appointment of a new CFO last year, Drew Vollero, was a signal that the company was likely starting to think about a market debut, Santosh Rao, head of research at Manhattan Venture Partners, said.

“The way these guys are ramping up revenue is amazing,” Rao added, explaining that Snap has developed a following among a fickle, yet desirable, age group of between 18 to 34.

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