I attended this event. Pretty cool event too. Gartner Digital WorkplaceSummit 2015. Met a small technology company that is based in Atlanta. And wouldn't you know it in the same building as Sharecare. This person knows many people at Sharecare. "They are very busy. Business is booming". In this person's opinion "it is unlikely Jeff (CEO Sharecare) will want to IPO but rather a strategic sale and there is no shortage of suitors".
People that understand even just some elements of the markets and certain players well understand what the recent investment by Wellington in Sharecare really means. Watch, wait and learn if you do not.
The app is indeed Remark Media's app. That's why it says "Copyright Remark Media etc" on the Kankan page on Apple's appstor .....
roomlia® Rewards: roomlia® launches customer loyalty program that offers users a free night for every seven nights booked
Unlike most reward programs, which are usually specific to one hotel brand, roomlia® allows customers to accumulate their seven nights across all hotels featured on the app. With roomlia® Rewards, there are no blackout dates or point systems to track; customers simply book and consume seven nights and their eighth night is free*.
roomlia® Rewards is among the most generous loyalty programs currently in existence. The seven nights can be booked individually or across multiple stays at different hotels. The free night can be redeemed at any time of the year – there are no restrictions. The free night's valuation is the average rate of the combined qualifying seven nights booked and consumed. Consumers have the option to use the earned credits to book one or multiple nights and can book a higher rate room by simply paying the difference.
With roomlia® Rewards there is no need to sign up. Simply book a room and you begin earning your way to a free night and start collecting roomlia® Reward stamps immediately. Stamps do not expire as long as there is activity on the account every 12 months. Customers can conveniently track their progress to earning a free* night through a link in the app.
as per Sharecare. Most impressive. Google "venturebeat sharecare" for the article
JF look at it from another perspective. I go back many years with my MARK investment. Pre the current CEO. The prior CEO mentioned on a shareholder call I attended that Sharecare did revenues of $8M in Q2 of 2012.
So, the CEO of a publicly traded company detailed that Sharecare, a company that is it s shareholder of, achieved $8m in revs in Q2 2012. Any hypothesis that Sharecare has regressed or even remained at the same levels is not supported by the empirical fact that several entities have since invested at Sharecare. Given the space Sharecare addresses, the increasing investment, including today's investment form a truly world class group - Wellington, and the fact we have baseline of $8M rev in Q2 2012 then this points to a real growth story for Sharecare.
The only way it would not is if revenues (and marketshare) were not growing. If that were the case these new entities would have likely invested. Furthermore Sharecare has stated that they are beyond seed, beyond Series A and beyond Series B . Also Sharecare has stated it is hiring a significant number of new employees and moving to a new prestigious and large HQ. And, along the way, it has made some impressive acquisitions.
I understand you may disagree. Everything detailed in this note is based on empirical evidence unless the view is that both Sharecare and the prior MARK CEO are deliberately misrepresenting. Most doubtful to be honest. If I may, I would suggest to you move to a long position. I have been adding continuously.
Wish you well and good luck.
Hi JF. Wellington usually is a late phase investment entry before an event such as acquisition or IPO. Often Wellington investments are invited to participate for optics i.e. validation. Sharecare publicly stated today it has raised a total of $160M in all funding. IMO it is most unlikely the current valuation of Sharecare is anything south of $800M. I believe it is $1Bn or more. We will see, Good luck to you.
Wellington is a quality investment house. Increases Sharecare's visibility, credibility and prestige. This $20M raise is important for the reasons stated and may well be the final piece before an event such as an S1 filing. We will see. In any event this is top draw investment and association. Impressive.
from the release.....Since its founding in 2010, Sharecare has raised a total of $160 million in financing, partnering with a diverse group of strategic investors, including media companies like Discovery Communications, Harpo Productions and Hearst Corporation; high-growth technology investment firms such as Claritas Capital; and hospitals and healthcare investment firms, in particular, HCA (NYSE:HCA), Trinity Health and the Heritage Healthcare Innovation Fund.
total $$ raised so far is $160M per today's Sharecare release. $25M announced today $20M from Wellington - very prestigious as you state and an additional $5M from Trinity Health. Trinity is an existing investor in Sharecare since 2013.
Respectfully, if you are shorting - not sure that you actually are - be careful. I am long and can, have & will weather any movements while MARK gathers real momentum. When it does it's going to be a tight short squeeze. Any one of the following could soon drive this: (A) Sharecare developments (B) Roomlia announcement(s) (C) KanKan announcements. Just one of these is all it takes.
Usually when companies raise companies they dilute. Right? Wow - Remark now has all of 13.5M shares outstanding. Can you point us to (m)any small caps that raise capital (2 sources of which were new funds Benchmark and Maxim) w/o any warrants? This is another indicator that should tell you something .... 13.5M share out is nothing.