I posted this on Twitter, but thought I would also share on here as it really showed the difference between private investing and public investing.
Some companies that have market caps less than the total money they have raised:
• Bird ($120M mkt cap vs $1.2B raised)
• Wish ($810M mkt cap vs $2.9B raised)
• WeWork ($2.8B mkt cap vs $16.2B raised)
• Lyft ($5.1B mkt cap vs $7.3B raised)
It seems like everyone wants to piece of TikTok before D-Day in the USA.
Microsoft have been in talks for some time but don’t seem to be progressing.
Oracle are now reportedly in talks, but there has been no real confirmation of those talks from either side (plus I don’t know why Oracle would think that it would be a good fit to run a video consumer product).
Sequoia and General Atlantic attempted to buy a majority stake in TikTok last month, but both seem to have failed.
I think TikTok won’t be selling any stakes as it seems like they have had adequate opportunities already, but have decided not to move forward with those advances.
It going to be very interesting to see how this plays out.
Tesla is a very interesting beast! It looks and feels like a car company, but really it’s not!
Here is a link to an interesting article about Tesla not being a hypergrowth company.