Sand Hill Exchange -- Thursday, September 18th
Are you ready to make some money? Around Sand Hill, where money flows more reliably than water, the goal is seldom monetary gain. The goal is to make the world a better place. After all the turmoil caused by the "too-big-to-fail" banks, it's no surprise that FinTech is the next target for entrepreneurial overhaul.
FinTech companies have had a helluva week on Sand Hill Exchange. Here are the movers and shakers:
Square ($SQRE): $224.55 executed a $100MM series E on Sept. 12th, and we've officially closed out positions at $100/share. After being relisted, one might expect trading to languish, but it's already trading at $224.55.
Stripe ($STRP): $99.71 (+24.66%) has seen much volume lately, advancing 24.66% as of this post.
SecondMarket ($SMRK): $15.36 (+0.0%), the site famous for trading Facebook while it was still private, has been listed on SHX. They provide an interesting case in SHX traders not knowing how to react. It's not raised since 2011 and presumably never needs to. But if it did...
WeFunder ($WFND): $3.25 (+0.14%) a crowdsourcing pioneer, is also a new listing. Their last raises have been private (which would translate to no SHX payout if you were holding contracts), but it's ticked up slightly from its listing price.
Sand Hill Exchange ($SHEX): $4.02 (-19.02%), aka us, dropped nearly 20%. To the sellers out there, I'd be willing to buy $SHEX contracts north of $1,000.
The hookup app that spawned a whole ecosystem of failed "Tinder for X" knockoffs has traders confused. At TechCrunch Disrupt $TNDR reported a possible raise of $750MM, but later referred to that as rumors. Traders on SHX are currentlybetting heavily against the company, having knocked shares down to $1.
Social Impact
Now that we've opened up private league play, we're making it easier than ever to chat with your friends about your favorite startups. There's nothing more fun than debating with your friends whether Yo will become a billion dollar company. As a 21st+ century kind of exchange, we're allowing you to exchange ideas with the greater community. Early stage startups in particular crave feedback on their blood, sweat, and tears, so the comments you leave could help turn an idea into a unicorn.
