blackstone News of 02/22/20
The Herd Sours On Unprofitable Unicorns Again
David Friend Contributor Share on Twitter David Friend is the CEO of cloud storage company Wasab i, and co-founder of cyber security company Carbonite, recently bought for $1.4 billion. Wasabi is his ...
Finding Sustainable Success With Blackstone CEO Stephen Schwarzman
“We were so low that people would take advantage of us. People we knew well would just lie to us. One of my favorites was a company we did an enormous amount of work for and really helped save. We then went to see the CEO and he said, ‘I really ...
Mobile Gaming Is A $68.5 Billion Global Business, And Investors Are Buying In
By the end of 2019, the global gaming market is estimated to be worth $152 billion with 45% of that, $68.5 billion, coming directly from mobile games. With this tremendous growth (10.2% YoY to be precise) has come a flurry of investments and ...
Peer-To-Peer Boat Rental Marketplace Boatsetter Raises $10m As It Looks To Grow Globally
Obviously, not everyone owns their boat, and boat ownership is far more unique than car ownership – which makes it maybe an ideal category for peer-to-peer marketplace rentals. P2P boat rental startup Boatsetter recognized this opportunity, and ...
Blackstone Is Acquiring Mobile Ad Company Vungle
Private equity firm Blackstone just announced that it has reached an agreement to acquire mobile advertising company Vungle . The companies aren’t disclosing the financial terms, but as part of the transaction, Vungle has also reached a ...
The Changing Nature Of Venture Capital
Paul Asel Contributor Share on Twitter Paul Asel is managing partner of NGP Capital and a global technology investor for more than 25 years. More posts by this contributor ...
China’S Fast-Growing Starbucks Competitor Luckin Coffee Just Filed To Go Public On The Nasdaq
China’s Luckin Coffee has registered plans with the SEC to go public on the Nasdaq, setting a placeholder amount of $100 million, shows its filing . The development comes less than a week after the 18-month-old company announced $150 million ...