Replies to post #607298 on Billionaire Boys Club Member Forum (BBCMF)

[mick]

Sayan Biswas, featured above, has developed a new kind of "plasma igniter" that he thinks could replace traditional spark plugs and help gas-burning cars run more efficiently.
PHOTO-ILLUSTRATION BY NEWSWEEK; SOURCE IMAGES BY GETTY
Biswas became fixated on this idea as a graduate student at Purdue University in the early 2010s. After a decade of chipping away at the problem at a government laboratory and then in academia, Biswas has built a gadget the size of a box of cornflakes that he thinks could vastly increase the efficiency of internal combustion engines—so much so that standard gas-burning cars could potentially get 100 miles to the gallon.

[mick]

$CART <> Initial pop may be above company's 'intrinsic valuation'
Instacart's public debut has been a long time coming. It's the first venture-backed tech IPO since 2021.

On a fully diluted basis, Instacart was priced for a market valuation of $10 billion, nearly 70% less than its private valuation of $39 billion in 2021 at the height of the pandemic, per Pitchbook data.

"This is still a big haircut from that peak valuation that they got privately of some $39 billion," Renaissance Capital's Matt Kennedy told Yahoo Finance. "I think it makes sense. ... The company is getting valued not in a 2021 environment but a 2023 environment."

Instacart is making its debut in an IPO market that is gradually regaining momentum after a long dry spell, and that can mean more price volatility for names gaining a lot of attention.

[mick]

$CART <> Initial pop may be above company's 'intrinsic valuation'
Instacart's public debut has been a long time coming. It's the first venture-backed tech IPO since 2021.

On a fully diluted basis, Instacart was priced for a market valuation of $10 billion, nearly 70% less than its private valuation of $39 billion in 2021 at the height of the pandemic, per Pitchbook data.

"This is still a big haircut from that peak valuation that they got privately of some $39 billion," Renaissance Capital's Matt Kennedy told Yahoo Finance. "I think it makes sense. ... The company is getting valued not in a 2021 environment but a 2023 environment."

Instacart is making its debut in an IPO market that is gradually regaining momentum after a long dry spell, and that can mean more price volatility for names gaining a lot of attention.