The narwhal dog.
Largest PE deal ever. Reviving beer.
Unicorn feces
Hola,
WeWork is worth less than zero, Bloomberg will be president, and Alexa will be the dominant device of the next decade.
Sound like provocative predictions? Well, they come from an analyst with a decent track record of being right.
Tech commentator and author Scott Galloway predicted the crypto crash, the Amazon/Whole Foods deal, and WeWork’s IPO cancellation.
He also accurately forecasted this year’s storm of “unicorn feces,” his shorthand for the bad results, scandals, and news being uncovered as investors and regulators take a closer look at once-hyped startups and their management.
Source: Wikipedia
Want to hear more from Galloway in person?
He just signed on to speak at The Collective (Dec. 11-12, NYC), CB Insights’ event focused on all things growth. Galloway joins senior execs from Salesforce, Goldman Sachs, Microsoft, and more who will be opening up their playbooks. See the entire speaker list here.
From enterprise tech to e-commerce, we dig into Tiger Global Management’s recent investment trends to identify where it sees opportunity. Check it out.
418 unicorns: Fashion company MUSINSA, car auction platform ACV Auctions, and education benefits startup Guild raised funding at $1B+ valuations to become the latest unicorns. The quickly growing club now stands at 418 members — see them all on our tracker.
$400M: Trucking tech startup Convoy raised $400M at a $2.75B valuation — a 175% increase in valuation since its prior funding round just over a year ago. The company is building a tech-based broker network for managing shipping. Expert Intelligence clients can see 50+ companies working on trucking tech here.
$70B: Private equity firm KKR is reportedly looking to buy pharmacy group Walgreens in a deal said to be worth around $70B — making it the largest-ever private equity deal, if completed. We analyzed the latest healthcare trends, including the pharma supply chain, in our Q3’19 global healthcare report.
$38B: Chinese e-commerce giant Alibaba said that it tallied up $38B of sales during its annual Singles Day shopping event. Despite breaking records, Alibaba co-founder Jack Ma said that the haul “did not meet expectations.” We dig into Alibaba’s rivalry with Amazon in this report.
1,200 years: Flooding in Venice caused the tide to reach 6 ft, the highest level in over 50 years. The Italian city’s historic St Mark’s Basilica was flooded for the 6th time in 1,200 years, with a representative of the church saying that 4 of these floods have occurred within the last 20 years.
2,600 medical facilities: Google reportedly entered into an agreement with Ascension to gather health data from millions of patients using the health system’s 2,600 medical facilities. The news reflects Google’s increasing forays into the healthcare market. Clients can read about how the tech giant is using AI to transform hospitals here.
$31M: A wristwatch sold at a charity auction for $31M. The sale was the highest price paid for a watch at an auction, surpassing the previous record by $13.2M.
30 years: The silver-backed chevrotain, a rare mammal reminiscent of a small deer, has been observed for the first time in about 30 years. The elusive animal lives in Vietnam and was first documented in 1910.
Source: Global Wildlife Conservation
One More Thing
Source:Mac’s Mission via Today
A puppy with a second tail growing out of his face was rescued by Mac’s Mission, a shelter for special needs dogs in Cape Girardeau, Missouri.
The puppy, who has been named Narwhal, was found with another stray dog in the Kansas City area. According to a local veterinarian, Narwhal’s extra tail has “no bone structure…it’s all just skin.”
Narwhal is reportedly a very happy pup, and is helping raise awareness about the work that Mac’s Mission does with special needs dogs.
All the data in this newsletter comes from CB Insights.
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