Month: April 2019

Three things to watch for in Apple’s earnings announcement

April 30, 2019

“China is Apple’s sacred cow,” Santosh Rao, Head of Research at Manhattan Venture Partners tells Yahoo Finance. “Thats where they need to perform.”

Poor iPhone sales in China were the main reason why Apple slashed its revenue forecast in January.

“People are delaying their refresh cycles to get new iPhones,” Rao says.

He says the iPhone is a big part of keeping customers in Apple’s ecosystem and with iPhone sales shrinking, investors want to see evidence that Apple’s growth is coming from its services businesses, including video streaming and mobile gaming.

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Speakers Announced for First Annual Vault Conference Presented by Emmy® Award-Winning Entertainer, NY Times Best-Selling Author, Businessman and Philanthropist Steve Harvey

April 25, 2019

Tickets for this first annual Vault conference are limited for this exclusive launch, featuring keynotes by experienced and inspiring speakers including Steve Harvey; Lars Buttler, CEO, AI Foundation; Johnny Cupcakes, CEO of world-renowned tee-shirt brand; Stacey Ferreira, CEO and Founder, Forge and Farnoosh Torabi, personal finance expert. Panels and Breakout sessions will be led by Al Harrington, CEO, Voila; Brandi Harvey, Founder and CEO, Beyond Her; Charreah Jackson, author, speaker and relationship builder; Morgan Mercer, CEO, Vantage Point; Nathan Pirtle, CEO, Work with the Coach; Ashley Stahl, American national security professional turned entrepreneur and podcaster (You Turn); Thabiti Stephens, Chief of Staff, Steve Harvey Global and Rashaun Williams, venture capitalist, Manhattan Venture Partners.

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SoFi Reportedly Seeks to Raise $500 Million From Qatar Investment Authority

April 25, 2019

Fintech unicorn SoFi is reportedly seeking to raise $500 million from the Qatar Investment Authority. The company, which has a valuation of $4.3 billion, has previously raised $2 billion from investors, which includes Manhattan Venture Partners, RSC Capital, SoftBank, Silver Lake Partners, and DCM Ventures.

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Contemporary Silicon Valley IPOs Are Flamboyant And Efficient But What Impact It Will Have For The Long Term Investors

April 22, 2019

It’s preferable to observe what a company’s premiere quarter or two of outcomes as a public company appear. Santosh Rao head of research at Manhattan Venture Partners assented. However, it contemplates that investors will be remunerated over the prolonged heave if they are tolerant and purchase companies with a clear drive.

Rao said that investing in IPOs is not for the feeble. However if one has a deep-rooted perspective one could be well off. Investors ask for development, companies that can be modified.

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The new Silicon Valley IPOs are flashy and slick. But will they deliver for investors over the long term?

April 18, 2019

Santosh Rao, head of research at Manhattan Venture Partners, agreed. But he thinks that investors will be rewarded over the long haul if they are patient and buy companies with clear momentum. “Investing in IPOs are not for the faint of heart. But if you have a long-term horizon, you could be well off,” Rao said. “Investors want growth…companies that are transformational.”

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Lyft’s Valuation Is Huge — How Tech Stocks Soon to Go Public Are Valued

April 18, 2019

People do expect Lyft to generate cash flow within the next 10 years, and then to sustain a mature growth rate of that cash generation. And there are some bulls out there. “There is a path to EBITDA positive [for Lyft] by 2022, 2023,” Santosh Rao, head of research at Manhattan Venture Partners told TheStreet.

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A Primer for the Pinterest Public Offering on Thursday

April 18, 2019

Investors willing to play the unicorn stock on its first day of trading are betting on a big growth story that will be fueled by the anticipation of advertising and e-commerce players paying up for space on the platform that predicates its business on users called “pinners” actually purchasing the products it “pins” as interesting. “Pinterest is a total ROI story,” Santosh Rao, Head of Research at Manhattan Venture Partners said. “Advertisers love it because it taps into a very compelling demographic group, which is women, 18 to 35 years of age.”

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Pinterest and Zoom Debuts Point to ‘Bull Market’ for IPOs

April 18, 2019

Pinterest said it has 265 million monthly users. Pinterest users “are predominantly female and the people who use it, love it,” Rao said. “Advertisers love it because those who use it are coming to buy or are looking to buy.” Pinterest is “a stealth company,” Rao said. “It’s not a screaming buy but it’s a company that will perform.” He added that he believes that “Pinterest is going to be profitable next year. It’s almost there.”

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Pinterest draws diverse views from analysts ahead of listing

April 17, 2019

Santosh Rao, head of research at Manhattan Venture Partners, said one of his main takeaways from the first day of the roadshow in New York was that the company had built a powerful tool for advertisers, so-called taste graphs that use artificial intelligence and machine learning to assess users’ interests and serve them appealing content. Manhattan Venture manages some funds for clients that have already invested in Pinterest privately.

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Why the Unicorns Are All IPO-ing Right Now — ICYMI

April 16, 2019

Lyft (LYFT , and unicorns Uber, Pinterest, Slack and AirBnB, all seem to be planning to offer shares to the public at the same time. They’re “absolutely” trying to issue shares while tech stocks are flying high, Santosh Rao, head of research at Manhattan Venture Partners, told TheStreet; the Nasdaq has risen 20% year-to-date. “After the longest-running bull market, they [unicorns] don’t want to get caught on the other side of it.” Rao added that “these companies want to get out [and issue stock]” now.

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