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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Pinterest To IPO In $15-$17 Range

April 15, 2019

Founded in 2010, Pinterest has set itself apart from social media companies plagued with scandals involving fake news and data sharing. Instead, Pinterest is seen as a more wholesome online location that has tapped into a powerful advertising sector: the female economy, says Santosh Rao, head of research at Manhattan Venture Partners.

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Pinterest founders attempt to woo sceptical investors with ‘sunset clause’

April 15, 2019

Pinterest is attempting to appease disgruntled investors ahead of the firm’s $12bn stock market float by offering a seven-year deadline to dissolve its controversial dual share structure.

The company, which is set to list this month on the New York Stock Exchange, has opted to structure its shares to favour the company’s founders and executives, and will not offer many long-term investors voting rights after the firm goes public.

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Pinterest’s ‘down round’ IPO reflects history of caution

April 15, 2019

Where other social media companies such as Facebook have been embroiled in scandal over the spread of misinformation and abuse on their platform, Pinterest has set itself apart as a wholesome haven for all things crafty and kitsch, typically hosting pictures of knitting, wedding decor and homemade recipes. Santosh Rao, head of research at Manhattan Venture Partners, said the company has carved out a powerful pitch for digital advertisers: the female economy.

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Why investors are thinking twice about giant tech IPOs like Uber and Lyft

April 15, 2019

As pink confetti rained down on Lyft’s founders Logan Green and John Zimmer from the ceiling of their converted Los Angeles car dealership in late March, everything seemed to have gone to plan. The taxi app had just raised $2.3bn (£1.8bn) in a Nasdaq listing that valued it at $24bn, well above what Green and Zimmer had been told to expect just a couple of weeks beforehand. Investor grumbles about the duo’s disproportionate voting rights and Lyft’s lack of profits seemed to have been ignored, and the company had successfully beaten its arch-rival Uber to market.

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Uber files with SEC to go public in the year’s most anticipated tech IPO

April 15, 2019

Uber positioned itself as not just a ridesharing company, but a global transportation leader – with a footprint in the freight, meal delivery and personal mobility businesses. Ridesharing makes up the core of its revenue – more than $9 billion in 2018. Uber Eats made up another $1.4 billion, revenue on a scale approaching Lyft’s $2 billion in total revenue last year.

“They want to be ubiquitous,” said Santosh Rao, the head of research for Manhattan Venture Partners, which includes Lyft in one of the funds it oversees. “They want to be everywhere and that’s what they’re banking on, so they’ll pitch that.”

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Proposal for liver transplant alternative wins UB entrepreneurship competition

April 15, 2019

A doctoral student in chemical and biological engineering took first place on April 10 in the University at Buffalo’s Henry A. Panasci Jr. Technology Entrepreneurship Competition (Panasci TEC) for a patient-specific cell therapy that can be used as an alternative to a liver transplant.

Serving as judges for the final event were Jared Carmel, managing partner, Manhattan Venture Partners; Paul Ciriello, founder, Fairhaven Capital; Jenae Pitts, managing partner and director of operations, OneTen Capital; Joshua Aviv, founder and CEO, SparkCharge; Rob Anstey, CEO and founder of Graphenix Development Inc.; and Katie Krawczyk, CEO and partner, 19 IDEAS.

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Short-sellers ramp up bets against taxi-hailing business Lyft

April 4, 2019

Investors have ramped up bets against newly listed taxi hailing company Lyft after its share price suffered a blow during its first week of trading.

More than 38pc of Lyft’s 32.5 million publicly-listed shares, valued at £651m, were sold short by the end of Tuesday, according to data from research firm S3 Partners, meaning they were held by people betting the company’s share price will drop.

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Big Investors Unmoved by Lyft Stock’s Dip

April 1, 2019

“This is still a home run for all of us,” Williams said in an interview Monday with Cheddar. “From an institutional, public-equity investor perspective this is a win.”

“Over the long haul, once people see the revenue and growth rates of these companies ー revenue doubling every year ー people are going to buy this,” Williams said. “The market is going to continue to increase.”

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