MVP Print Media

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.”

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

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.

Read More

There’s Big Volatility Ahead for This Sector: Goldman Sachs

on September 23, 2016

Wolff, of Manhattan Venture Partners, said the volatility index is not telling the whole story at this point.

“Certainly, the volatility suggests a very calm, still situation, when the election and the general public debates suggest the opposite,” he said Friday.

Read More

Meet the next wave of workers that are taking over your office

on August 31, 2016

This year, we found that 41 percent of Gen Z survey respondents said that a corporate office is their top work preference, compared to only 28 percent in 2014. “I have always been motivated by those working around me which influences and encourages me to push myself,” says David James, a venture capital equity sales rep at Manhattan Venture Partners and Gen Z member.

Read More

Post BREXIT boom or bust?

on August 24, 2016

Ameera talks to Manhattan Venture Partner’s Max Wolff about why Apple is having a hard time breaking into India, the world’s third largest smartphone market. Plus, in the Big Deal, Ed Harrison breaks down the latest data on the UK’s economy post Brexit and whether he thinks a recession is in the cards.

Read More

Join 15k Venture Bytes Subscribers

Venture Bytes is a monthly insight report highlighting topical ideas, current trends and emerging opportunities in the global technology landscape

  • This field is for validation purposes and should be left unchanged.