19Aug21: Alice in Wonderland

Surreal is the best way to describe the current state of the stock market. I mentioned many times in the past that we’ve had some great deals… but today seems like we’ve reached a new nadir for low market caps given respective growth runways. So call yourself a value investor, hold on tight and be confident that these are going to head back up eventually.

Jounce Therapeutics (JNCE): $268M

Puma Biotech (PBYI): $277M

Brightcove (BCOV): $465M

Perion (PERI): $593M

Viant Tech (DSP): $830M

PubMatic (PUBM): $1.28B

LiveRamp (RAMP): $3B

Magnite (MGNI): $3.19B

Digital Turbine (APPS): $4.6B

Trade Desk (TTD): $36.3B

“Be fearful when others are greedy, and greedy when others are fearful.” –Warren Buffet