Will online shopping and entertainment habits be seized to increase the trend towards e-commerce and video streaming?
No one knows for sure, but the attitude of Bay Area technologists and investors, not surprisingly, leans toward a long-term Kovid bump for tech companies.
Rich Wong, a general partner Excel, A Silicon Valley venture capital firm, sees “a truly credible case” that “the growth of these digital changes has indeed increased by a big step and with it, the size of the opportunity in technology and enterprise investment.”
Stock market ventures can carry out schemes by start-ups to sell shares to the public. But gaming site Roblox, Popular among children and tweens and flourishing in the home-stay economy, made its debut on the stock market on Wednesday. After its first day of business, Roblox was valued at $ 45 billion, up from $ 4 billion a year earlier.
Last weekend, Cortaresa, the digital learning network, filed the necessary documents to go public in the coming weeks. The company and its venture backers are confident that adult education and skills training will be increasingly online, and investors agree. The filler reported in its filing that its revenue jumped 59 percent to $ 294 million last year.
So far, there is no evidence of a retreat from online life in general.
Just like that, An online data provider, compared traffic to the top 100 websites in the United States during March and April last year, when web usage appeared at the beginning of the epidemic, with the first two months of this year. This year the total traffic was more than 12 percent. There is no “peak web” yet.
Mr. Reiderman, Portfolio Manager for Dheeraj Capital Partners, Has been an analyst and investor of a technology company for 30 years. He is primarily a long-term investor in companies he views as tech innovators with strong management.