As noted yesterday, we sold our position in Slack in the wake of its purchase by Sales force. We added to our holding of Alteryx but still had some funds available to start a new position. We considered a number of names but ultimately decided to add Smartsheet to our portfolio. We have written about…
Summary Earlier this month, SMAR announced another strong quarter and wound up raising guidance. The company has maintained growth above 50% since it became a public company in April 2018. The shares have fallen about about 23% from the all-time high set at the end of July. The company is not profitable-its is burdened by…
Summary Smartsheets is another hyper-growth company with a hyper-valuation to match. It is a company whose products facilitate workgroup collaboration and automated workflows. Many people consider it to be an updated/upgraded Excel. It really offers specific capabilities in terms of ease of use and collaboration that are not available in Excel. The company has been…