Archives: Media Mentions

Snapping up Snap Ahead of IPO Proves Tough

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.

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Snapchat’s parent company reportedly files for IPO

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.

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Facebook performs well, but hints at a slowdown next year

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.

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Snapchat Hoping Its Debut Can Help End a Cold Snap for Tech IPOs

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.

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

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.

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

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.

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Post BREXIT boom or bust?

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.

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Analysts Break Down Largest Homebuilder ETF, on CNBC

August 23, 2016

S&P Global equity chief investment officer Erin Gibbs, and Manhattan Venture Partners chief economist Maxx Wolff joined Tuesday afternoon’s ‘Power Lunch’ to discuss the SPDR S&P Homebuilders ETF(XHB).

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Is passive investing really ‘worse than Marxism’?

August 23, 2016

What does the rise of passive investing mean for the market? Max Wolff of Manhattan Venture Partners and Erin Gibbs of S&P Global discuss with Brian Sullivan.

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Japan showing signs of strain

August 16, 2016

New statistics show Japan’s economy nearly stalled in Q2, reveals Ameera David. RT’s Anastasia Churkina reports on the delay of an official Brexit. Bianca Facchinei looks at where Google Fiber went wrong. RT’s Marina Portnaya reports on how much Olympians make for bringing home medals. Ameera sits down with Max Wolff, chief economist at Manhattan Venture Partners, to talk about Apple. And in the Big Deal, Ameera and RT’s Ashlee Banks discuss the growing threat of data breaches at hotels.

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Google video chat app joins the battle for your homescreen

August 16, 2016

It comes as video and text messaging apps, like Google’s new Allo and Duo, increasingly play the role of the one-stop shop that was once the job of the operating system, Wolff told CNBC’s “Closing Bell” on Tuesday. Google originally announced the app at its developer conference earlier this year, where the artificially intelligent connections between the new apps was the highlight of the event.

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Has Uber maxed out on private financing?

August 2, 2016

“Uber China hit its max,” said Max Wolff, chief economist at Manhattan Venture Partners, which swaps cash for stock with shareholders in closely held firms. “Uber China went out for a higher valuation and couldn’t get it and then sold [to Didi] for its last valuation at $7 billion. That implies some substantive head winds.”

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Pro: Microsoft-LinkedIn Merger Is A ‘Win-Win Proposition’

June 14, 2016

“However, Santosh Rao of Manhattan Venture Partners thinks the acquisition is a “win-win proposition” for both companies. Speaking as a guest on CNBC Tuesday morning, the professional researcher explained why he likes the deal.”

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Bubble warning: High valuations and late-stage rounds tell of coming trouble

April 12, 2015

“We see the rage around messaging apps and delivery services as emblematic of valuations way out on the skinniest of skinny branches. Ironically, the last great bubble ended with frothy excitement about an army of delivery services. Then again, that was back in the dark ages before smartphone apps dispatched drones.”

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