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Investing in the IPO, Do You Have a Good Lead?
People do tend to put their money where their mouthes. I don't think ive sold a share here, the major insiders. And i think that speaks volumes. The way i want to get analytical on this would be for the shareholders who decided to put their dollars to work in the i p o versus other things that they could have put their funds to work into....
We kick off Season 7 with a bang: Pinduoduo, the incredible five year-old Chinese mashup of "Costco and Disneyland" (as self-described in their IPO prospectus) which recently became the fastest company ever to pass $100B market capitalization. What makes PDD so special, and how were they able to enter a market that everyone considered "already won" and disrupt massive entrenched competitors Alibaba and JD.com? This story is chock-full of lessons that apply not only to China tech, but to high-growth company building and investing everywhere.
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Listen to the best highlights from the podcasts you love and dive into the full episode