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Coinbase’s eye-popping $100 billion valuation is reasonable for a disruptive, cutting-edge crypto firm, an early backer says

on April 15, 2021

Santosh Rao, the head of research at Manhattan Venture Partners, believes a $100 billion valuation for Coinbase is reasonable. Manhattan Venture Partners was an early investor in Coinbase, Palantir, Draft Kings, and more.

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Why Netflix $450M ‘Knives Out’ gambit is becoming routine as streaming platforms ‘feed the beast’

on April 6, 2021

Netflix (NFLX) is keeping up with tradition and spending big money on new content.

Late last week, several reports cited the streamer spending upwards of $450 million to secure the rights of the next two sequels for “Knives Out” — one of 2019’s biggest its. If confirmed, the deal would be one of the largest movie streamer deals in history.

The first film cost $40 million to make, and brought in over $311 million globally at the box office. Director, writer and producer Rian Johnson, as well as star Daniel Craig, are both signed on to return for the next installments.

“It’s not a question of spending — they have to,” Santosh Rao, head of research at Manhattan Venture Partners, told Yahoo Finance in an interview.

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These 5 companies are now the highest-valued U.S. unicorns in 2021

on February 23, 2021

Santosh Rao, head of research at Manhattan Venture Partners, says that this year, “you’re seeing a lot more funding for a smaller set of high growth companies in innovative sectors.” With interest rates expected to stay low for the foreseeable future, “VC funding is going to be very strong; liquidity is going to be very high, so the money is going to flow into these companies,” argues Rao.

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Global Business Daily: Ryanair losses, DIY growth, Robot art galleries

on November 3, 2020

Santosh Rao is head of research at Manhattan Venture Partners, an investment management firm. He spoke to CGTN Europe from New York about Friday’s tech results. 

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Uber, Lyft face higher costs regardless of Calif. legal battle outcome

on October 20, 2020

Reclassifying drivers as employees would mean Uber and Lyft will most likely cut down service, especially in more rural and less-profitable areas, Manhattan Venture Partners’ Rao said. The number of hours drivers can work will be limited, and the flexibility of the job will be gone, Rao said.

“So the drivers are going to lose because they’re going to have less hours, and the passengers are going to lose because they’re not going to have service as they have now,” Rao said, adding that the costs of rides will also go up.

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There is still some rotation left in the US markets: Santosh Rao

on September 9, 2020

I do not think that we are done with the market and there is no recession. It is kind of disconnected and does not need to carry over to other countries. It is more specific to the US. The US markets after pulling back will consolidate and go back up.

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Judges, more details announced for Summerfest Tech pitch competition

on August 5, 2020

Representatives from some of the largest venture capital funds in the Midwest and the U.S. have been assembled to judge Startup Wisconsin Pitch at Summerfest Tech in September.

The judges selected for the competition are Rashaun Williams, general partner at Manhattan Venture Partners; Allison Weil of Chicago’s Hyde Park Venture Partners; Craig Schedler of Northwestern Mutual Future Ventures, the venture arm of Milwaukee-based Northwestern Mutual, and Girish Ramachandra of Wipfli and Hyde Park Angels in Chicago.

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IPOs Are Soaring. What That Means for the Broader Market.

on June 15, 2020

Santosh Rao, head of research at Manhattan Venture Partners, which focuses on pre-IPO companies, says the recent flurry shows pent-up demand for new offerings. He thinks that the appetite is likely to remain strong for enterprise software firms like Databricks, Datastax, and Palantir, which he says could come public in the next 12 to 18 months.

One note of caution: Rao warns that the IPO market tends to shut down when the VIX —a measure of market volatility—goes north of 20 or 30. On Thursday, the indicator spiked above 40 for the first time since late April.

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There is definitely a demand shock from coronavirus outbreak: Santosh Rao

on March 13, 2020

It is just starting to get worse as Trump is now addressing the coronavirus situation. We do not have New York in full-fledged lockdown yet, but it looks like it is on its way there and the markets are reeling with uncertainty.
There is definitely a demand shock. There is a lot of news flow also and WHO has announced that it is a pandemic even though we knew that it was there. The market took another leg down. There is so much cross-current.

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Small pre-holiday moves on Wall Street

on February 18, 2020

“One of the big fears is we don’t know how bad the China coronavirus effects are. Is it going to be beyond China, the impact? So we don’t know that at this point. Every time it looks like it is contained, we get more news that it’s not. So I think that’s what’s causing some confusion there and that could be one of the reasons why the bond market is doing so well because people are saying we don’t want to take the risk.”

A Reuters poll of economists predicts the world’s second-biggest economy will slow to its weakest quarterly growth since the financial crisis over a decade ago.

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