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October 26, 2021
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October 26, 2021
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Further Reading
Ginkgo Bioworks to go public via $17.5 billion SPAC deal
News Commentary | May 13, 2021
Backed by Harry Sloan and Jeff Sagansky, this merger with Soaring Eagle Acquisition will give Ginkgo a pre‑money equity valuation of $15 billion, with an additional $2.5 billion for the combined entity – one of the biggest SPAC deals in recent times. This news comes on the heels of Zymergen's IPO ... To read more, click here.
Not all 3D printing companies are chasing the SPAC craze – Formlabs raises $150 million Series E from SoftBank
News Commentary | May 27, 2021
With the IPOs of Desktop Metal, Markforged, Shapeways, Rocket Labs, Velo3D, Rokit, Massvit 3D, and MeaTech 3D, SPAC seems to have become the new norm in the 3DP space. As we said before, the SPAC craze creates much noise in the market, and not all of these companies should go public – some do so ... To read more, click here.
The rise of resale continues as Etsy buys Depop for $1.6 billion
News Commentary | June 03, 2021
Resale is proving to be an upward trend, as consumers are looking at secondhand or pre‑loved clothes as a means of being sustainable. Here, Etsy is entering the resale space and capturing a Gen‑Z consumer base by acquiring Depop, a consumer‑to‑consumer apparel marketplace. This news further adds to ... Not part of subscription
by Michael Holman
Famed venture firm Sequoia Capital is reorganizing to have one open-ended parent "Sequoia Fund" over a variety of subfunds, some of which will remain typical closed-ended venture funds while others invest in public markets or assets like crypto or pursue new models like registered investment advisers. Given the convergence of public and private markets and the rise of tech-focused SPACs (as well as potential tax benefits), the move makes a lot of sense for Sequoia's partners and investors. The direct impact on entrepreneurs and corporate innovation leaders is more unclear but likely not as great. The open-ended structure could make it willing to invest in riskier earlier-stage tech, though that seems not to be the main motivation.
For the original news article, click here .