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We're going into a dead season, says FirstMark's Rick Heitzmann
  + stars: | 2024-07-08 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe're going into a dead season, says FirstMark's Rick HeitzmannRick Heitzmann, FirstMark Capital founder, joins 'Closing Bell' to discuss balancing the AI hype in the tech trade.
Persons: Rick Heitzmann Rick Heitzmann Organizations: FirstMark Capital
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNvidia is a 'one-of-one company,' says FirstMark's Rick HeitzmannRick Heitzmann, FirstMark Capital founder, joins 'Closing Bell' to discuss why he believes the AI hype has come to fruition.
Persons: Rick Heitzmann Rick Heitzmann Organizations: Nvidia, FirstMark Capital
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStock market should expect more IPOs to hit pipeline in 2024, says FirstMark's HeitzmannRick Heitzmann, FirstMark founder and managing partner, joins 'Closing Bell' to discuss how the volatility of rate cuts has affected markets, if IPO markets will soon open up, and the signal that capital markets are open for business again.
Persons: FirstMark's, Rick Heitzmann Organizations: Email
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReddit IPO a 'litmus test' on investor appetite for non-AI companies, says FirstMark's HeitzmannRick Heitzmann, FirstMark Capital Founder & Partner, joins 'Fast Money' to discuss Reddit's upcoming IPO and what this week's IPOs could signal about IPO investors.
Persons: FirstMark's, Rick Heitzmann Organizations: FirstMark, Partner
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReddit is a litmus test for investor appetite for non-AI things, says FirstMark's HeitzmannRick Heitzmann, FirstMark co-founder and partner, joins 'Closing Bell' to discuss if Reddit's IPO makes Heitzmann feel better about the overall landscape, the co-founder's reaction to the recent stock performance, and much more.
Persons: FirstMark's, Rick Heitzmann, FirstMark
OpenAI CEO Sam Altman will be in a position to make millions after Reddit goes public, thanks to a series of bets on the online discussion board company that go back to 2014. Altman will hold 9.2% of voting power after Reddit's initial public offering, according to information in the company's prospectus. In 2014 Altman led Reddit's $50 million Series B funding round, after using the service every day for nine years, he wrote in a blog post. In the first half of 2021, Reddit was raising a Series E round, and Altman invested $50 million. He went on to say that investors in the Series B round would give 10% of shares to Reddit users.
Persons: Sam Altman, Reddit, Altman, OpenAI, Reddit's, It's, Steve Huffman, that's, FirstMark's Organizations: Microsoft, New York Stock Exchange, Nasdaq, Silicon
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email2024 will be a stock pickers market, says FirstMark's Rick HeitzmannRick Heitzmann, FirstMark Capital partner, joins 'Closing Bell' to discuss what he needs to see from the Magnificent 7 before he expects a reshuffling of the stocks.
Persons: Rick Heitzmann Rick Heitzmann Organizations: FirstMark
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCybersecurity crises create opportunity for emerging social media companies: FirstMark's HeitzmannRick Heitzmann, FirstMark Capital founder & partner, joins 'Fast Money' to talk the SEC saying its X account was compromised, security concerns in the online space, the state of AI and more.
Persons: FirstMark's, Rick Heitzmann Organizations: FirstMark Capital, SEC
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFirstMark's Rick Heitzmann expect lower for longer in IPO valuationsRick Heitzmann, First Mark Capital, joins 'Closing Bell' to discuss why he expects lower valuations for longer in the IPO market.
Persons: Rick Heitzmann, Mark Capital
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's a real appetite for growth stocks, says FirstMark's Rick Heitzman on CAVA's IPORick Heitzmann, FirstMark Capital founder and managing partner, joins 'Last Call' to talk CAVA's big IPO and what it could mean for a previously sluggish IPO market.
Persons: Rick Heitzman, Rick Heitzmann Organizations: FirstMark Capital
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with NewEdge's Cameron Dawson, Firstmark Capital’s Rick Heitzmann and BNY Mellon’s AJ OdenNewEdge's Cameron Dawson, Firstmark's Rick Heitzmann and BNY Mellon’s AJ Oden, join 'Closing Bell: Overtime' to discuss the longest rally for the Dow since 2021, the Fed and its impact on market outlook.
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