July 20, 2015 Where were you? I was living in Palo Alto at the time. I was working in technology. When I saw, the headline, “PayPal Spinoff Day has Arrived,” I shrugged. I even gave the company mental side-eye: ➡️ “Isn’t that the company inside eBay who hasn’t done anything innovative in years?” ➡️ “Does […]
Takeaways: Free Fire is the largest known game in the world, with over 100m daily active players It is in one of the fastest growing segments of the gaming market, Southeast Asian Battle Royale on mobile Revenue is catching up to impressive engagement numbers: as a result, Sea’s enterprise value (stock price) >20x since the […]
Key Takeaways• Roblox raised capital at a valuation ~35% too low with its series H/direct listing• Roblox has had ~80% annualized growth in monthly active users, a one of a kind growth trajectory in gaming• The public market has the right idea, valuing Roblox like Shopify at ~40x sales In its Direct Listing week, Roblox […]