Should I be concerned about Thumbtack stock?
Considering moving to Thumbtack - got a friend who can refer me in - but concerned about pre-IPO stock (all i know is Google stock). Last funding round (series I, so 9th round) has big names (Sequoia, CapitalG, + others) with valuation $3.1B, announced June, 2021, so before recession. Based on stock prices, s+p 500 is about the same today as the date of funding round announcement (June 15, 2021). Yelp (kind of a competitor) is down 20% since then. I honestly have no idea how to approach evaluating Thumbtack as a company. I like the idea of joining right before IPO because of potential for growth, but I know there are no guarantees, and I'm sure Thumbtack valuation was hit by the recession (since it's a marketplace). Where should I look to get a better idea of what their value might do and whether an IPO is realistically on the horizon? #thumbtack #ipo #equity
I was interviewing there and declined it due to another offer… I’m inclined to believe that home repairs are among the first to go when people start trying to actually save money
Thumbtack helps you Fix, Maintain, and Improve your home. Things break, regardless of the economy. People have to fix things. They need to maintain things so they don't break in the first place. We do, however, anticipate a slow down in "Improve" (remodeling, ect)
Can I DM for referral?
Ask how often they've done their 409a and what the most recent number is. If it hasn't gone down recently by 20-30% I'd avoid