Alpha VP Quarterly Newsflash

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Here’s a quarterly newsflash from some major news outlets on the Alpha Venture Partners portfolio

Vroom Inc. Names Ex-Priceline CEO Paul J. Hennessy as New Chief
June 8, 2016
Vroom has the scale, growth and leadership to be an independent public company in a 24-month time frame.

 

Dogvacay CEO: “Empower Your Team to Solve Problems”
June 10, 2016
Since launching four years ago, the company has grown from a handful of users to 25,000 hosts in 10,000 cities. In the last year, revenue tripled.

 

Coupang: The $5 Billion Startup Filling Amazon’s Void In South Korea
April 13, 2016
On-demand commerce, same-day delivery, instant gratification. Call it what you will, but it’s the customer-pleasing, margin-crushing chimera that Amazon is chasing like mad.

 

Wish CEO Peter Szulczewski, discusses how his company is disrupting the e-commerce space
May 17, 2016
Our mission is to create the largest, most convenient and affordable shopping mall in the world. We are doing that by putting it on customer’s phones.

 

Lastly, here is Steve Brotman on CNBC discussing  Snapchat’s latest round valuation. 
May 24, 2016
Snapchat is growing faster than Facebook. It has 40% of the engagement Facebook has. It has 15% of Facebook’s daily and monthly active users. Facebook is worth $330B. Is Snapchat worth 1/16 of Facebook given those numbers? I would say that if you are growing over 100% per year, arguably it is worth more.

Have a great summer!
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