This is a great interview with Adam Neumann – who is the former CEO and founder of WeWork. This is his first interview since he tried to take the company public and the valuation of the company halved overnight. He talks about the situations around that previously failed IPO attempted and what is happening now with WeWork.
Coinbase went public the other day on the NASDAQ. Coinbase have a very exciting business and I have been trying to learn as much as possible about the Crypto world for the past year or so (but feels like I’m barely scratching the surface).
At one point Coinbase hit $100 billion in valuation, but I suspect that will drop below half over the next few months as the froth from the initial trades die down.
It will be very interesting to see how Coinbase performs over the long term, but it does seem to be a good hedge if you expect cryptocurrencies to be strong in the next 10 years or more.
Prediction – it drops below $30 billion in market cap and then it starts to climb again.
The flying taxis are coming!
Lilium is a German company who are developing electric air taxis – they are currently in talks to go public via a SPAC.
It seems like they are running out of great companies to SPAC and seems like people are focused on select around buzz words – like mobility and electric vehicles.
Another German company with very similar aims, Volocopter, opted to raise new capital on the private market, bringing in €200 million (about $238 million) for a Series D.
In-and-Out remains a private company because it is hard to run a public company and there are limited upsides.
Lynsi Snyder is the current owner and she is a billionaire without the stress of being public. Public companies require a lot more regulation.