March 21, 2021
More big bets placed this week — with GV, Intel Capital, Tencent, and Salesforce all involved in $100m plus rounds.
Plenty of interesting strategic innovation plays across the board too.
Snap bought a “fit analytics” business, signaling its e-commerce intentions and instantly increasing its footprint across a huge number of retailers. This might eventually feed into its AR ambitions (as discussed last week), but in the near-term will help diversify Snap’s revenues and strengthen its offering to consumers and retailers alike.
Walmart signaled an emphasis on its in-house brands by tapping…
March 14, 2021
It’s been a busy couple of weeks. Deals appear to be heating up, with some seriously large CVC-backed rounds happening (more on that below).
For this week’s recap, let’s double-click on the fascinating space of Augmented / Virtual Reality, where a number of wealthy innovators are trying to leap into the future.
In a report on the state of the industry, ARK predicted that the AR/VR market — sitting just at $1 billion today — will jump to $130 billion by 2030. Enabled by 5G and other technological advancements and spurred…
Feb 21, 2021
A fascinating story has developed this week in Australia as new legislation is set to pass that will have two Big Tech companies — Facebook and Google, specifically — pay news publishers for hosted content. Long in the works, things just got very interesting as the two singled-out companies took entirely different tacks in response.
Google, which had briefly balked at the measure, has now entered into a number of arrangements with content producers. Meanwhile, Facebook barred Australians from finding or sharing news from local and international outlets on its platform…
Feb 14, 2021
As the word “bubble” proliferates, it’s hard not to look at the various manias and wonder which are symptoms, which are causes. We had the GameStop frenzy. Bitcoin has remained newsworthy, especially with Elon throwing a lot of Tesla’s cash into the stuff ($1.5B, to be exact). Then there’s the prolonged SPAC boom. Even plain old IPOs aren’t boring these days, as they seem to be riding extra high as part of this uniquely exuberant, buoyant period.
Jan 31, 2021
We’ll get straight to what we’ve all been swept up in this week — the frenzy of the Retail Investor Hoards versus the establishment Hedge Funds. It was a volatile week for the markets in general, and many individual stocks, but it was one in particular — Gamestop — that lit up the night sky with fireworks as these two forces clashed.
A fascinating case of virality in social platforms spilling over into financial ones has given the “retail investor” wind in her sails, and a sense that the perceived injustices…
Jan 24, 2021
Not much has happened over our recess so we’ll move it right along…
The tech world started off last week with social media titans — Facebook, Twitter, and Snapchat first among them — permanently silencing (now former) President Trump’s accounts.
Jack Dorsey’s somber, un-celebratory tone displayed the inherent tension of the moment, as ultimately he fears it could be destructive to the “open internet” ideal, and we agree. Worse, it might further increase the already extreme polarization.
As Seeking Alpha put it: “[These measures] highlight more starkly than ever…
Dec 13, 2020
(Really, really) Hot out of the gates
Just this week, DoorDash surged 86% in its public debut on Wednesday. Software firm C3.ai Inc. jumped 120%. On Thursday, Airbnb also hit the public markets with vigor — flying out of the IPO gate with an opening price of $146 versus their initial pricing of $68 a share.
Nov 15, 2020
A lot has happened since we last published. The coronavirus count has boomed. On Friday, the US set the worst kind of world record with the highest ever national daily count with more than 177,000 new cases. Scarily, we are heading into the holidays with these runaway numbers and at a point of extreme fatigue — which can outweigh concern. The US Surgeon General urged folks to celebrate the holidays virtually and not give in to pandemic fatigue. Easier said than done.
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