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Scott Austin
WSJ tech editor in San Francisco. Co-founder of Radicle (). Texanewyorkalifornian. Hook ‘em.
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Scott Austin retweeted
kimlast May 18
Oh man. It’s real. Starting Monday. See you at Spring Studios.
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Scott Austin May 17
Replying to @MikeIsaac @exchaoordo
1975 is just how far Jay Ritter's data goes back. He couldn't find any that were bigger. Second biggest loss was Genuity in 2000.
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Scott Austin May 17
"On my way!" Smartphones are turning us into liars. Nice one by
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Scott Austin May 16
Only in tech does a decade-old company report 54% revenue growth and its stock plunge almost 20%
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Scott Austin May 15
WeWork’s real estate fund is old news, as previewed last May by What’s new: The fund is buying the CEO’s properties at cost ...after he had leased them to WeWork for a profit, spooking investors
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Scott Austin May 14
Replying to @Rsquared
Yeah I lived above a Pizza Hut in NYC and my studio apt always smelled like pepperoni...not pizza, just pepperoni.
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Scott Austin retweeted
Ashley Mayer May 14
It kinda maybe feels like 2019 might be a BIG year for women-led/founded unicorns? Confluent, Rent the Runway, ezCater, Glossier (never heard of it) and now Away... And it's only May 😇
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Scott Austin May 14
As much as I love the smell of a Brazilian steakhouse, this is city living at its worst. 244 smoke/odor complaints over a decade vs Espetus restaurant and the city only last year cracked down. Now appeals and delays and more appeals... By
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Scott Austin May 14
The dot-com boom gave us ”pro forma” earnings and “price-to-eyeball” ratios. Groupon tried “ACSOI,” Demand Media offered “AOIBDA” and Yahoo: “MaVeNs” Today’s creations: “contribution profit” (Uber) and “community-adjusted Ebitda” (WeWork) What’s next?
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Scott Austin May 13
The only solution: Get rid of human drivers? Travis Kalanick in 2014: "Driverless car is a multi-decade transition. Let's take a breath and I'll see you in the year 2035."
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Scott Austin retweeted
Katie Roof May 11
Disappointment about recent tech IPOs has some VCs hoping there’s a chance to upend the process with direct listings. Here are the benefits and drawbacks
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Scott Austin May 12
Latest coverage at : Uber confronts high driver turnover Uber lost more money in the IPO than any other since 1975 Uber jackpot: Inside one of the best startup investments of all time
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Scott Austin May 11
Replying to @Iamsamirarora
Here’s the WSJ article you are referring to: Would appreciate the credit
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Scott Austin May 10
This photo of Uber's CEO today says it all
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Scott Austin retweeted
Rolfe Winkler May 10
. is the worst performing IPO ever in terms of total dollars lost on day 1 by investors that bought. 180m shares * -$3.43 = $617m loss. Number 2 was Verizon spin-off Genuity in 2000, $277m loss. [Source: Jay Ritter, UF]
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Scott Austin May 10
Universal Music received $100,000 in Uber shares in 2010 in exchange for the web address. But it sold back those shares the next year for about $863,000. Today the shares would be worth about $500 MILLION
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Scott Austin retweeted
Ⓐ®️Ⓛ⓪ May 10
What stands out to me the most is that there were a handful of people who invested $5k in the beginning. I don't know a single entrepreneur who would be willing to take $5k anymore.
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Scott Austin May 10
This is the pitch for UberCab that AngelList sent to investors in June 2010, per I just realized it links to a story of mine in WSJ on the same day If only I had quit and invested in Uber instead
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Scott Austin May 10
Uber waited a decade to go public in the worst week for stocks this year
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Scott Austin retweeted
John McCormick May 9
Some personal news: I'll be joining the in late May as a national political reporter, still based in Chicago.
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