The tech companies are scurrying to generate immense wealth before the expected 2020 recession. While many industries are seeing financial problems. pre-IPO tech companies are being heavily valued by Wall Street traders and financial analysts. Most of these companies are Collaborative Economy companies. An industry I covered with great detail over Red Hot the last half decade. These online marketplaces enable the buying and selling of assets (they don’t own) between individuals. Since they don’t own most of the assets. They have great upside and little downside.
These tech companies
The darlings in business, as they prepare for a massive set of IPOs that could result in over $250 Billion in material wealth as their shares are released to the open market. Here’s a quick breakdown of their anticipated valuation of Saudi Arabia WhatsApp Number Data this year’s launches: Silicon Valley Tech Companies 2019 Expected IPOs Company Industry Expected IPO Valuation (Billions $) Lyft (March IPO) Collaborative Economy 21 Uber Collaborative Economy 120 Airbnb Collaborative Economy 31 Palantir Data Analytics/AI 41 Pinterest Social 12.3 Slack Enterprise Collaboration 10 Postmates Collaborative Economy 1.2 PoshMark.
Collaborative Economy
Robinhood Financial Services 5.6 Zoom Communications 1 PagerDuty Cloud Computing 1.7 Rent the Runway Collaborative Economy 1 SUM $246.8 Billion What it means: In 2019 expect to see these 6,000+ newly minted Ecuador WhatsApp Number List millionaires. Most from Silicon Valley & San Francisco. In about two years, 2021-2023, many of these employees will cut ways with their employer. To start new companies, or angel invest in the local startup community. Despite the other industries to be in an expected recession, tech startups may still be seeing funding.