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