Feb 7, 2012, 10:56 am EDT
In 1997, Andy Rachleff co-founded Benchmark Capital, which went on to invest in breakout Web-based companies like eBay (NASDAQ:EBAY), Zipcar (NASDAQ:ZIP), Ariba (NASDAQ:ARBA), Zillow (NASDAQ:Z) and Instagram. Then in 2010, he started his own tech firm, Wealthfront. The goal was to leverage Internet technologies to provide high-quality investment funds to mainstream investors.
I recently had a chance to interview Rachleff about Wealthfront, financial advising, IPOs and his Post-IPO Stock Sale Simulator, which can be found below.
Q: What is Wealthfront? Read
Feb 6, 2012, 11:32 am EDT
Ken Xie is one of the pioneers of the Internet security business. He founded Netscreen in 1996 to build firewall and virtual private-network products. It was great timing — the Internet was exploding. Juniper (NASDAQ:JNPR) eventually purchased the company for $4 billion.
In 2000, Ken started Fortinet (NASDAQ:FTNT) with a focus on providing broad-based security solutions (known as unified threat management, or UTM). Fortinet went public in 2009.
IPO Playbook had a chance to interview Xie about his company and his IPO experience: Read
Feb 6, 2012, 11:12 am EDT
Last week was huge for the Social Stock Tracker, with the index up 9.25%. The total value is now at $38.5 billion.
Of course, the main driver was the Facebook IPO filing. It helped the overall market as well as social stocks. The Nasdaq Composite hit 2,905.66 — the highest level since December 2000.
Feb 6, 2012, 10:47 am EDT
IPO performance was mixed last week. In fact, there were three deals that had to be postponed (one was because a company agreed to be acquired).
Here’s a rundown of the offerings:
Despite the volatility, the average return was still nearly 2%, which shows how one deal can make up for the duds! Read
Feb 3, 2012, 11:44 am EDT
If you check out the Facebook IPO filing, you’ll see the following picture:
It shows the extent of the social network’s interconnections. As you can see, it is fairly massive — Facebook has 845 million monthly active users (MAUs). This compares to the global Internet population of roughly 2 billion. Read
Feb 3, 2012, 10:05 am EDT
On Thursday — the first day of trading after Facebook filed for its IPO — investors went into overdrive. Here’s a look at the gains in social stocks yesterday:
It’s a good bet that some of the moves came from short covering. This means short sellers — who are betting on a stock price to fall — were closing out their positions, which involves buying back stock. It adds even more fuel.
At the same time, the Facebook filing shows how the company is certainly the uber player in the space. Take a look at the recent financials (these are annual figures as of the third quarter of 2011): Read