September 13, 2015By Glenn Solomon
As the sun sets on the last weekend of the US Open tennis tournament just outside Manhattan, it marks the bitter end of summer. As a kid growing up around New York and playing my fair share of tennis, the game was religion and Flushing Meadows was the temple. As the US Open comes to an end, I always think back to Pete Sampras’ success there — at age 19, he took the city by storm beating Andre Agassi in 1990; then, 12 years and 13...
September 7, 2015By Glenn Solomon
The steady drumbeat of news of China’s macro-economic slowdown has continued, taking Chinese equity markets down seemingly with each headline. Meanwhile, the US stock markets have been hit hard in sympathy, with investors clearly worried about the impact a slowdown in China may have on the global economy. With this tumult, we’ve seen a chorus of negative sentiment from leading Silicon Valley voices regarding China.
July 9, 2015By Glenn Solomon
China’s stock markets have been in free-fall for the past several weeks, reversing tremendous gains over the prior twelve months. The Chinese version of the SEC (CSRC) has intervened, attempting to staunch the fall, but so far, efforts have proven ineffectual. The management teams of many local Chinese companies have unilaterally halted trading in their own stocks, adding to the panic that currently prevails. Additionally, the...
June 21, 2015By Glenn Solomon
This is written as a follow up to my previous post on Fitbit’s IPO filing.
Fitbit priced its IPO at $20/share this past Thursday night and closed the week at $32.50/share, valuing the company at over $6Bn. A few interesting things to point out about the IPO:
- Valuation. While the absolute valuation of $6Bn, making...
May 10, 2015By Glenn Solomon
I’ve reviewed Fitbit’s S-1 filing from last week. It’s quite clear that Fitbit has been a remarkable success story over its 8+ year lifespan. As momentum has been building around connected devices and the company sits on the precipice of an IPO, founders of any type of company can learn a lot from Fitbit. Here are a few of the core themes I’ve gleaned from their S-1:
- Marketshare Leadership – According...
April 26, 2015By Glenn Solomon
As published on VentureBeat.
The RSA show this past week in SF was quite a gathering. Having attended RSA every year for the past ten, I’d say this was the biggest and busiest show yet. This is not surprising given all the activity lately in the cyber-security and cyber-crime areas. Based on the many meetings I had during...