THAT'S GOING TO BE LATE FRIDAY
INTO SATURDAY MORNING BACK TO
YOU.
>> ALL RIGHT, THANK YOU SO MUCH
REGINA VIRGINIA MILLER
ACCUWEATHER METEOROLOGIST RON
>> I WAS REALLY AVOIDED A
REALLY BIG ONE SO A GREAT STUFF
THERE FROM HER AND THE TEAM
AT ACCUWEATHER.
>> SO 2 YEARS BACK TO THIS IDEA
OF WHAT IS
NEEDED IS AND ARE NOT WELL
THERE'S ANOTHER COMPANY NOW
MAKING A BIG BET ON PLANT BASED
FOOD, THE VENTURE CAPITAL ARM
OF TYSON
FOODS INVESTING IN NEW WAVE
FOOD, THE COMPANY THAT MAKES
PLANT BASED SELFISH THE COMPANY
MAKES IT ALL TOO THAT OF
SEAFOOD USING SEAWEED AND
SOY PROTEIN RIGHT NOW IT JUST
PRODUCES PLANT BASED TREND, BUT
IT DOES HAVE PLANS TO
MAKE CRAB AND LOBSTER NEXT
CAMERA ANSARI IS VENTURE GREAT
CRAFT GREAT CROSS EXCUSE ME
HERE
WITH US. SO COOL TO HAVE YOU ON
TALKING ABOUT THIS TYSON DIGITS
TAKE THOUGH IN THE ON THE
EARLIER IN THE YEAR. NOW NEW
WAVES.
THEN CHICKEN
LIKE WHAT.
>> THEY'VE TREATED ME FOR
SHRIMP AND YES SEEMS LIKE A,
BUT YOU KNOW I THINK THEY'RE
THEY'RE PLAYING INTO THE BIGGER
TREND WHICH IS A
CONSUMERS WANT TO KIND OF
HEALTHIER OPTIONS FOR MEALS
WHEN A HEALTHIER LIFESTYLE,
IT'S IT'S A BROADER TREND IN
EXPANDS BEYOND JUST FOOD IN AND
KIND OF VEGETARIAN OR
VEGAN OPTIONS TO EXERCISE AND
WELLNESS AND EVERYTHING ELSE
THAT WE'RE SEEING A IN THE
METRO SPACE AS WELL AS THEY
ALL TURN.
>> MEETS THE FOOD SPACE RIGHT
NOW IS A WHOLE SOMETHING THAT
IS ATTRACTIVE TO
BREAK OFF. I MEAN THE VENTURE
CAPITALS ARE CERTAINLY PUTTING
A LOT OF MONEY INTO A ELSE AND
THE FOOD UNIVERSE AND
AGRICULTURE TACK AND AS I
MENTIONED A BROADER. WELLNESS
AND HEALTHY LIFESTYLE TRENDS.
UH YOU KNOW I THINK WE'VE DONE
A SPECIFICALLY IN THE KIND OF
ALTERNATIVE FOODS AREA THAT
WERE LOOKING AT SOME SEED
THAT'S AN EARLIER STAGE
COMPANIES IN
THAT SPACE. BUT CERTAINLY IT'S
BEEN A GREAT CITIZEN AND AS
YOU'VE SEEN BEYOND MEAT IN THE
PERFORMANCE, THE IPO IT'S BEEN
A
PRETTY ASTONISHING.
>> DO YOU THINK THAT THERE'S AN
END TO THIS I MEAN HOW MANY OF
THESE GROUPS CAN WE REALLY
DISRUPT HEAR ANYTHING.
>> LOOK I MEAN THE GREAT THING
ABOUT FOOD IS IT'S HAS IT'S A
YOU KNOW WHAT LARGEST
CATEGORIES ON EARTH YOU HAVE
PEOPLE LEAVE BEFORE TIMES PAID
A SO IT THAT'S WHY YOU'RE
SAYING OBVIOUSLY EVERYTHING
FROM
NOT JUST. THE ALTAR FOR ITS
COMPANIES BUT EVERYTHING ABOUT
FOOD
DELIVERY AND THE MEAL KIT
COMPANIES, EVERYTHING ALSO THE
IT'S IT'S A MONSTER SPACE AND A
THING AS ANY SLOWDOWN IN SIGHT
AND I THINK THAT
THE CONSUMER DEMAND FOR
HEALTHIER OPTIONS, INCLUDING
ORGANICS, INCLUDING VEGETARIAN
OPTIONS JUST
GOING CONTINUE.
>> ALL RIGHT SWITCHING GEARS
HERE, LET'S TALK A LITTLE SLACK
AS WELL COMPANY THAT JUST
REPORTER THINGS WE'RE SITTING
HERE ON THE DESK WATCHING THAT
THERE WAS A LOT OF FANFARE WHEN
SLACK ONE PUBLIC PURSUING THAT
DIRECT LISTING WHAT YOU MAKE OF
THIS MOST RECENT.
IF YOU'RE A SLACKER PROBABLY
SAID THEY'RE WONDERING WHAT YOU
HAVE TO DO BECAUSE THEY THEY
BEAT BOTH IN THE TOP LINE AND
THE
BOTTOM LINE. GERMAN SIDE, THE
REVENUE AND I THINK THAT THE
ISSUE WAS THE GUIDANCE IS IF
YOU'RE A STOCK INVESTOR YOU'RE
INVESTING ON MOMENTUM INVESTING
ON GROWTH AND YOU'RE LOOKING
FOR THE COMPANY TO REALLY BE
POSITION FOR
THE FUTURE THEIR GUIDANCE FOR
SLIGHTLY SLOWER GROWTH BUT
STILL PRETTY GOOD GROWTH
FRANKLY COMPARED A LOT OF
OTHER COMPANIES. I THINK GAVE
SOME SOME INVESTORS PAUSE, BUT
I THINK AGAIN SLACKENS IS AT
THE VERY BEGINNING OF HIS LIFE
AS A PUBLIC COMPANY AND
MOST INVESTORS DO YOU REMEMBER
EVEN FACEBOOK WHEN IT CAME OUT
THE FIRST FEW QUARTERS A
PRETTY ROUGH. BECAUSE HIS
COMPANY DID NOT THINK
ACCUSTOMED TO DOING FORECASTING
AND PUTTING A PUBLIC NUMBERS
EVERY 3 MONTHS, SO IT'S A
TRICKY THING TO DO AND MAKE
THAT TRANSITION AND SO I THINK
IF YOU'RE AN INVESTOR WHEN HIS
COMPANY'S REQUEST, THE PATIENT
LITTLE BIT FOR THE LONG TERM.
>> I THINK A LOT OF THE PEOPLE
THAT ARE WATCHING THESE I P O'S
ALSO LOOK TO YOU GUYS OVER THE
PRIVATE SECTOR
AND SAID WELL IF THEY ADD VALUE
THIS THING PROPERLY WHEN THE
BEEN AS YOU KNOW, I MEAN WHEN
YOU HEAR
THAT YEAH IS THAT CRITICISM TO
YOU IS IT SOMETHING THAT YOU
ABOUT A DIFFERENT WAY HOW TO
LOOK AT IT.
>> I MEAN CERTAINLY THE AT THE
LATER STAGES OF THE
VENTURE UNIVERSE. WHEN YOU HAVE
FOLKS WITH THESE MASSIVE FUNDS
AT THE SOUTHBANK FUN, AN EVEN
LARGER HEDGE FUNDS, A STRATEGIC
GOING INTO THE INVESTING
BUSINESS WHO HAVE NOT
TRADITIONALLY BEEN TECHNOLOGY
EARLY STAGE INVESTORS, SOME OF
EVALUATIONS CAN GET A LITTLE
YOU KNOW MAYBE OUT OF HAND AND
YOU SAW WE WORK MORE RECENTLY
THEIR IPO GUIDANCE IS IS A
CURRENTLY NOT WHERE THE OF THE
LAST PRIVATE WAS A YOU'VE SEEN
OVER COME DOWN A LITTLE BIT I
THINK YOU'RE IS CURRENTLY BELOW
WHERE THE LAST TIME AROUND
WAS SO. IT CAN HAPPEN AT BUT
AGAIN I THINK THESE ARE BETS
FOR COMPANIES YOU THEY'RE GOING
TO BE AROUND FOR THE NEXT 5.10
YEARS AND DO
GREAT THINGS. SO I WOULDN'T
FOCUS SO MUCH ON EXACTLY WHAT
TRADING TODAY.
>> IS IT FAIR TO SAY THAT THE
PRIVATE MARKET DOES VALUE THE
COME BUNNIES OUT A BIT
MORE OPTIMISTIC, THEY'LL THEN
WHEN THEY ACTUALLY DO COME TO
MARKET AND ARE UNDER THE
SCRUTINY OF YEAH, BUT THE OF
THE SEC AND THE
PUBLIC MARKETS.
>> I THINK THAT THAT THAT'S
THAT'S THAT'S PROBABLY RIGHT I
THINK PARTICULARLY WHEN IT
COMES TO CASH BURN IN PROFITS.
I THINK THE PRIVATE MARKET
VALUE GROWTH ABOVE ALL ELSE AND
ONCE YOU'RE PUBLIC COMPANY
THERE HAS TO BE A FEELING THAT
AND THAT IS A
PATH TO BECOMING PROFITABLE AND
CASH FLOW I THINK THAT'S ONE OF
THINGS THAT YOU'RE SEEING WITH
SOME HIS COMPANY'S OF THE
CONTAINER FOR A LOT
OF CASH. HE STARTED THE
TREPIDATION FROM THE ANALYSTS
AND THE LARGER HEDGE FUNDS AND
PENSIONS AND
BALANCE CENTER.
>> ARE WE LOOKING AT HEALTHY
COMPANIES THOUGH WHEN THEY'RE
ENTERING INTO THE MARKET
BECAUSE THEY'RE TAKING
ADVANTAGE OF THE JOBS ACT BEING
ABLE TO STAY PRIVATE FOR LONGER
TO ONE MORE CAPITAL FROM FIRMS
LIKE YOURSELVES AND SOME OF THE
OTHER MAJOR PLAYERS IN THE SEA
SPACE EVEN PRIVATE
EQUITY AND WITH THAT IT BEGS
THE QUESTION WHEN THEY FINALLY
DO MAKE THEIR ENTRANCE INTO THE
PUBLIC MARKETS, HOW SUSTAINABLE
HOW HEALTHY ARE THEY
AND HOW ARE THEY GOING TO STAND
UP TO THE PRESSURE
OF REST.
>> LOOK I THINK THIS CROP OF
COMPANIES IS PRETTY HEALTHY.
THESE ARE COMPANIES WITH REAL
BUSINESS IS REAL CUSTOMERS,
THESE AREN'T CONNECTION AND
2000 PROBLEM IPO AS WE HAVE
COMPANIES COMING OUT WITHOUT
ANY REAL REVENUE IN A YEAR SO
THAT'S LIGHTING DOT COM ON THE
NAME OH YEAH, I
MEAN IT THAT WAS CRAZY. THIS IS
A THIS IS A REAL BUSINESSES AND
PARTICULARLY THE ENTERPRISE
COMPANIES LOOKS LIKE I THINK
IT'S GREAT CROWDSTRIKE IS
BECAUSE OF THE VERY WELL I
EXPECT. WE'RE GOING TO
HOPEFULLY I THINK
LIVE THERE. CLOUDFLARE PLAYERS
WE
COMING OUT. AND I THINK IS
GOING TO BE BUSINESSES AND
THEIR THEIR SALT SUSTAINABLE
COMPANIES WITH ENTERPRISE
CLIENTS AND A RECURRING
REVENUES ALL THAT SAYS THESE
ARE NOT GOING TO FLY BY NIGHT A
YES.
>> ONE OF THE ANTICIPATED IDEAS
ARE
WATCHING IS PALIN TEARS AND IT
SEEMS LIKE THEY'RE NOW SEEKING
MORE FUNDING BUT IN
PRIVATE MARKETS. THE SUN
SENTINEL DELAY AND THEM COMING
TO MARKET.
>> SURE I THINK THAT YOU KNOW
THERE'S SOME THINGS THAT ARE
TRYING TO MAYBE PERSHORE WITH
THEIR BUSINESS BEFORE THEY
COME OUT. IT'S NOT UNCOMMON BY
THE WAY TO HAVE A LATE-STAGE
PRIVATE AROUND BEFORE AN IPO A
YOU SHORE UP THE BALANCE SHEET
UNITY CLEAN UP SOME THINGS IN
THE CAPITAL YOU
WANTED TO. AND MAYBE GENERATE A
LITTLE MORE CASH TONIGHT.
YOU'RE TRYING TO SELL AS MUCH
IN THE SO THAT'S NOT IN ITSELF.
YOU KNOW ANY KIND OF SIGNAL
THAT I WOULD LOOK AT
WITH ALARM THAT THEY JUST WANT
TO TAKE FLORIDA COME OUT.
I THINK YOU'RE SEEING THAT AS
WELL WITH POTENTIAL THE COUNTY
GRANDDADDY OF THEM ALL IS AREA
B YEAH AND THEY SIGNALED THEIR
PART IN A WAY TO 2020 AT A
MINIMUM WITH THEY'RE IN
NO RUSH. SO I THINK THAT YOU
KNOW THAT WILL BE A REAL BIG
INDICATOR ONCE THEY FIND THAT
BALANCE YOUR PITCH TO YOU AS
WELL WITH THIS I'VE WHAT I'VE
NOT SEEN AS AN INVESTMENT