Rich Wong, General Partner at Accel, a venture capital firm from Silicon Valley, sees “a really credible case” in the fact that the growth “of these digital transformations has actually increased by a big step and with it the size of the technological possibilities. ” and venture investments. “
Stock market fluctuations can postpone plans by startups to sell stocks to the public. But the gaming site Roblox, popular with kids and tweens and having success in the home-stay economy, made its stock market debut on Wednesday. As of its first day of trading, Roblox was valued at $ 45 billion, down from $ 4 billion a little over a year ago.
Late last week, Coursera, the digital learning network, submitted the documents required to go public in the coming weeks. The company and its supporters believe that adult education and skills will increasingly be online and that investors will agree. Coursera reported in its filing that its sales rose 59 percent to $ 294 million last year.
So far, there is little evidence of a withdrawal from online life in general.
SimilarWeb, an online data provider, compared traffic on the top 100 websites in the US in March and April, when web usage spiked at the start of the pandemic, to the first two months of this year. Total traffic this year increased by more than 12 percent. No “Peak Web” yet.
Mr. Readerman, Portfolio Manager at Endurance Capital Partners, has been an analyst and investor in a technology company for 30 years. He is primarily a longer term investor in companies that he sees as technology innovators with strong management.
One of its holdings is Nvidia, a semiconductor company whose specialized chips are well suited for programs with artificial intelligence. Nvidia shares took a hit on Monday. After the market closed that day, Mr. Readerman said from his home office in the Bay Area that he was buying in the downturn.
“The market gives us the opportunity to build our beliefs,” he said with a chuckle.
The Nvidia share increased by around 8 percent compared to the close of trading on Monday.