Video of Andrew Romans, General Partner of Rubicon Venture Capital, defending Alibaba against skeptics from Wall Street on CNBC’s The Closing Bell on live television.
Watch video on CNBC here: http://video.cnbc.com/gallery/?video=3000314534
This is the biggest tech IPO in history and between Alibaba and Yahoo there is something like $33bn in cash sitting in hands of folks that want to spend it in the tech market. This does not mark the top of a market. This is the starting gun. Expect other acquisitive players to do what may appear to be silly deals in anticipation of what Alibaba will pay when fighting over the startups we are funding now.
With Alibaba’s new war chest of $25bn cash and the $200bn+ currency of their stock it is poised to be more acquisitive than Google if it wants to.
The cash flowing back to Yahoo and Softbank will spawn new ecosystems of startups and acquisitions. Each time a company is acquired it creates a new population of angel investors and founders of new tech companies.
With Shark Tank’s Kevin O’Leary and Brian Hamilton chairman of Sageworks