Good Morning, Twitter is on a tear in pre-market trading this morning. Beats both revenue and profit estimates.
Daylight – Two stemwinder sales stories this morning – Tesla’s global sales chief Jon McNeil is leaving to become #2 at Lyft as COO. Elon Musk said he would take on the job title and not hire a replacement. Tiff.
Also, the Girl Scouts aren’t sure what to do with a 9-year-old who sold 312 boxes of cookies outside a pot shop in San Diego. Urban Leaf was not on the approved cookie booth list. Smart Girl.
M&A – Goldman is in advanced talks to buy Clarity, an A.I.-based financial advice start-up, for its Marcus personal-lending unit.
H.I.G. Capital agreed to acquire Wastequip, a Charlotte, N.C.-based maker of waste equipment.
Crestview acquired ATC Drivetrain, an Oklahoma City-based remanufacturer of automotive drivetrain components, from Marlin.
Copley Equity Partners completed a majority investment in North Star Leasing, a provider of equipment financing solutions for businesses in a variety of industries.
Blue Ox Healthcare Partners acquired a 30 percent stake in RX Solutions, which helps lower-income people gain access to fixed and/or reduced cost prescription drugs.
Style – Silicon Alley is growing – rapidly. Google is buying the Chelsea Market, a mammoth food mart, office building and tourist attraction, for $2.4 billion. Google’s New York headquarters, across the street, already has more square footage than the Empire State Building, and Amazon, Facebook and Spotify are also expanding in the city. By the way, the only person I ever heard of losing money in NY Real Estate is Jared Kushner, but he’s going to make peace in the Middle East. Anything is possible.
Economics – What does business cares about in the budget deal?
- Nearly $300 billion in additional spending over the next two years
- $20 billion for infrastructure spending
- A lifting of the debt ceiling until March 2019
Live Rounds – Two writers have discovered an unpublished manuscript they believe Shakespeare consulted to write some of his most famous plays. How’d they do it? With the help of software typically used by professors to nab cheating students, of course. I suggest Shakespeare did not steal his material, but rather that he was inspired by the imaginative, florid language in “A Brief Discourse of Rebellion and Rebels,” written in the late 1500s by a minor figure in the court of Queen Elizabeth. By the way, this $64.00 app could put the big consulting firms out of business. By the way, maybe Shakespeare was a consulting firm. Great name.
Buzzard Roost – Chile killed Tony the Tiger. Facing skyrocketing rates of obesity, the government is waging war on unhealthy foods, including nixing iconic cartoon characters from cereal boxes. Nutrition experts say the broad effort is the world’s most ambitious attempt to remake a country’s food culture.
Hot – Amazon will offer Whole Foods groceries through its Prime Now two-hour delivery service.
Tinder has patented its swipe technology and its double opt-in function.
Culture – San Francisco could open a pair of safe injection sites as early as July 1, making it the first city in the nation with clinics that allow drug users to shoot up with supervision. The method is controversial, but cities from Seattle to Baltimore are examining their own sites. New business category? By the way, some innovative Democrats, maybe two in the country, think they have an issue to turn red states blue: legalization of marijuana.
Investment Banking – Castanea Partners acquired a minority stake in The Townshend Group, parent company of Brew Dr. Kombucha, a producer of organic kombucha.
Hedge Funds – The Riverside Company acquired CarePatrol, a provider of senior living advisory and placement services to seniors and their families, for its ComForCare platform.
IPO – No news to report. Run-of-the-mill stuff.
Venture Capital – Highfive, a video conferencing company, raised $32 million.
ACV Auctions, an online car-selling auction, raised $31 million.
RigUp, an Austin, Texas-based marketplace for on-demand services and labor for the energy industry, raised $15.8 million.
Mirror, a stealth company developing a connected fitness platform, raised $13 million.
Mixmax, an email startup, raised $10.35 million.
Spotlight – Events Calendar
Entrepreneurial Channel – Pardon The Disruption
February 13 from 12:00 pm to 1:00 pm:
Morning Report Review with Ted Baker, Founder Qalo and Member Invitees
Live Event – Member Complimentary / Washington D.C.
February 15 from 6:30 pm to 8:30 pm: Times Talks with Jennifer Lawrence
Live – Aprio – New Tax Strategy for Business
February 22 from 9:00 am to 11:00 am
5 Concourse Parkway
Atlanta, GA 30328
Entrepreneurial Channel – SoulShine Sunday
February 25 from 11:00 am to 12:00 pm
Live Business Launch OVME – Mindset of a Maniacal, Anal Entrepreneur
February 28 from 6:00 pm to 8:00 pm
Dr. Mark McKenna
Flagship Studio’s & HQ – 3167 Peachtree Rd, NE, Suite G, Atlanta GA
Venture Capital – Marketing Evolution, a provider of global AI-based marketing optimization and analytics software, raised $20.6 million.
Quizlet, a user-generated consumer learning platform, raised $20 million.
Triller, an AI-powered music video platform, raised $5 million.
Bolstra, a customer success platform, raised $1.5 million in seed funding.
Private Equity – Valet Living acquired V.I.P. Waste Services, a provider of recycling solutions to multifamily communities.
TELUS International acquired Xavient Digital, a provider of digital IT solutions and software services.
And that’s what’s ahead, Cliff
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