Share to Twitter Share to Linkedin Snowflake is the most anticipated IPO of the year. Investors should decide in advance how much they are willing to pay as Snowflake will test the upper limits of what it means to have a stretched valuation. Heck, the company has even inspired value-legend Warren Buffet to change his thesis and invest in an IPO prior to profitability (!) Perhaps because the company delivered sky-high revenue growth last fiscal year of 173% and 121% in the most recent quarter with a record-breaking net retention rate of 158% — which is the highest of any public cloud company at time of listing. These industry-leading numbers are due to the company disrupting the data warehousing market with a superior cloud data platform that delivers across key differentiators (we review this below). Despite Snowflake demonstrating excellent product-market fit, clear competitive advantages, and strong management — no company is perfect. We go over a few … [Read more...] about Snowflake IPO: In-Depth Analysis
Top ipos to invest in 2018
What Happened to Silicon Valley Bank?
Silicon Valley Bank was shut down in March 2023 by the California Department of Financial Protection and Innovation. Based in Santa Clara, California, the bank was shut down after its investments greatly decreased in value and its depositors withdrew large amounts of money, among other factors. Bank failures like this have happened before—there were more than 550 banks shut down between 2001 and the start of 2023. But this one was particularly newsworthy. Not only did it come at a time when many people in the U.S. already feared a recession, but it was also the largest bank to fail since Washington Mutual closed its doors amid the financial crisis of 2008. To help you understand what exactly went wrong with Silicon Valley Bank, we’ll dive a bit deeper into the history of the bank, the events leading up to the collapse, and what it means for depositors, investors, and the economy in general. Key Takeaways Silicon Valley Bank (SVB)—the 16th largest bank in the United … [Read more...] about What Happened to Silicon Valley Bank?
LinkedIn turns 20: An oral history of an unlikely champion
When LinkedIn launched, on May 5, 2003, it wasn’t a given that it would thrive. Born during the doldrums after the original dotcom bust, it arrived at the same time as a flurry of other social networking upstarts, most of which quickly fizzled. Its emphasis on members’ professional lives rather than personal pursuits was seen by some as a strategic blunder. Even the notion of posting your résumé in public was jarringly unfamiliar and likely to be taken as an act of disloyalty. Rather than falling victim to preexisting assumptions, LinkedIn changed them. Eventually, it was not having a LinkedIn profile that was perceived as a weird career move. As the pandemic and its aftermath have reshaped work, the service has both reflected that new world and equipped workers and employers to succeed in it. Its emphasis on professionalism also offers a safe harbor from more toxic and polarizing social platforms. LinkedIn hasn’t escaped the current tech downturn—in February, it … [Read more...] about LinkedIn turns 20: An oral history of an unlikely champion