on May 28, 2021
Cryptocurrency exchange Coinbase almost reached a $100bn market cap on its first day of trading on the Nasdaq in April. Since then, the stock has plummeted in line with the broader fall of cryptocurrencies, losing more than 40% of its value compared to its public debut. However, Coinbase has recovered slightly on the stock market after JP Morgan Chase initiated coverage and said that the stock can rebound more than 60%, driven by continued growth of the cryptocurrency market.
Despite the recent downturn, the support of heavyweights like JP Morgan Chase have prompted speculation about which cryptocurrency-related companies that might go public next. Back in April, Santosh Rao, Head of Research at Manhattan Venture Partners, a merchant bank that was one of Coinbase’s early investors, said that Coinbase’s debut would be a precursor for other players in the crypto space to go public.
on May 7, 2021
The biggest crypto-related company to go public so far was Coinbase, and it has provided a “template that other companies will follow”, as explained by Santosh Rao, head of research at Manhattan Venture Partners. Although many are of the opinion that the price of crypto companies’ shares will be strongly tied to the price of cryptocurrencies or to the crypto market cycles, crypto industry IPOs are clearly becoming a reality.
on April 29, 2021
What we saw was a definite stance and some support from the Fed chair, says Santosh Rao, Head of Research, Manhattan Venture Partners.
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.
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.
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.
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.
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.
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.
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.
Venture Bytes is a monthly insight report highlighting topical ideas, current trends and emerging opportunities in the global technology landscape