Equity Equity Tuesday: Arm's IPO won't resurrect private-market liquidity
Sep 5, 2023
The podcast dives into various tech topics, including the ongoing earnings season with companies like Gitlab and Asana. It discusses Arm's impending IPO and the debate over its valuation, while also highlighting the stagnation in the cryptocurrency market. The show touches on the launch of a climate-focused venture fund in Africa and Elon Musk's latest antics. Additionally, it features a thought-provoking discussion on internet service provider fees and the implications for smaller businesses in the digital economy.
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Web3 Funding Realities
- While August saw a 51% increase in Web3 funding compared to July, this was largely driven by two mega-rounds.
- Without those rounds, funding would have dipped, and year-over-year, Web3 funding is significantly down.
Arm's IPO Valuation
- Arm's IPO price range is set at $47 to $51 per share, giving it a midpoint valuation of $50.8 billion.
- Investors must decide whether to value Arm based on its recent performance or its potential for future growth and profitability.
Musk vs. ADL
- Elon Musk blames the Anti-Defamation League (ADL) for Twitter's 60% drop in US ad revenue.
- Musk threatens to sue the ADL, claiming they're responsible for destroying half of Twitter's value.