Wednesday, February 10, 2021

Impossible Foods Rapidly Shifts US

As managing director of Iron Edge VC Fund, Frank Cardia leads a firm that provides investor access to pre-IPO enterprises with significant upside potential. Frank Cardia and his team have a strong interest in businesses that produce plant-based-foods and find value in Impossible Foods.

Impossible Foods is a Northern California company seeking to reverse strongly ingrained eating habits through food technologies that replace the use of animals in items such as burgers. The Impossible Whopper, since its launch in 2019, has precisely replicated the taste and texture of meat, and many customers have shifted over.

Unlike companies targeting the vegan and vegetarian sectors, Impossible Foods aims to replicate beef and pork qualities as closely as possible. This is accomplished by creating large quantities of heme, a protein present in red meat cells that also stimulates taste buds. Heme is extracted from soy, inserted within genetically modified yeast, and fermented. This creates a product that appears to many identical to ground meat.

The growth arc of Impossible Foods has been rapid, with Impossible Beef now stocked in more than 11,000 supermarkets nationwide. With its shares still not available on the stock market, Iron Edge is positioned to provide investors with a way of accessing this significant opportunity. 

Saturday, January 30, 2021

SoFi-from Loan Company to $5-Billion FS

Tuesday, January 12, 2021

Palantir Public Listing Generates

Throughout Frank Cardia’s career in financial services, he has facilitated more than $1 billion in venture capital funding. Today, Frank Cardia is the managing director of Iron Edge VC, where he matches investors with late-stage, pre-IPO companies that show great promise for appreciation. One of the company’s successful matches is Palantir.

Iron Edge VC expressed great confidence in Palantir long before the company decided to go public. Iron Edge VC featured Palantir in the Iron Edge newsletter, and as late as June 2020 was offering investors the opportunity to purchase shares of Palantir in the private markets for $6. Private shares were plentiful, but demand was not strong since most people did not know about the data company.

Things changed in July 2020 when Palantir decided to go public. After filing with the Securities and Exchange Commission, early investors and employees stopped selling shares in the private markets, hoping for a bigger payout in the IPO. This withdrawal catapulted the demand for shares in the private markets, driving prices to a high of $10.

When Palantir went public in October 2020, shares reached a high of $15.90 before settling to $15.30. Investors who bought the company’s private shares at $6 are now sitting on capital gains of over 175 percent. Iron Edge VC is proud to have facilitated such an impressive return on investment.

Wednesday, October 7, 2020

Helping Others Find Their Roots

Frank Cardia, a New Jersey resident and entrepreneur, most recently launched Iron Edge VC, a venture that assists pre-IPO companies. One of the pre-IPOs Frank Cardia was involved with is 23 and Me, a genetics company that helps individuals trace their ancestry, genealogy, and inherited traits.

The company was one of the first to develop autosomal DNA testing, which would later become standard practice for other companies in this area. The innovation was so prized at the time that in 2006, two years after the company’s inception, it was named “Invention of the Year” by Time Magazine.

23 and Me provides its customers a kit containing a vial where they deposit some of their saliva. These kits can be purchased online or through brick-and-mortar establishments. After filling the vial with saliva, customers then register the container at a site online. The user then mails the vial to the company in a prepaid envelop and waits from three to five weeks for the results, which can be found online on a password-protected page.

For many, this innovation fills in the blanks to their identity. Some find themselves related to world-renowned personalities, others find themselves related to people of other races, and some find answers to questions regarding health conditions that might have a hereditary explanation. Finally, many connect with long-lost family members, some of whom may live only a few miles away.

Thursday, August 6, 2020

Growth-Focused Startup Topgolf

Sunday, March 1, 2020

Silicon Valley's Highly Anticipated 2020 IPO - airbnb

Frank Cardia is a licensed financial advisor and the owner of Blue Sky Financial. An experienced venture capital investor, Frank Cardia has assisted in over $1 billion worth of funding for companies including airbnb.

The expected 2020 IPO of airbnb is turning out to be one of the most anticipated in Silicon Valley, for a number of reasons. One of these is the company's global reach. Since its inception in 2008, the company that allows homeowners to earn extra cash by renting out their rooms has built an impressive inventory of 7 million properties around the world. By comparison, Marriott International, the world’s largest hotel chain, has 1.4 million rooms.

Another reason is that, according to the company itself, airbnb makes money. The company has said that it posted a positive EBITDA (earnings before interest, tax, depreciation, and amortization) in 2017 and 2018. This is in sharp contrast to some of 2019’s tech IPO companies like Uber and Lyft, which generate huge losses yearly.

A private firm, airbnb is not obligated to reveal information on its earnings, so there is no conclusive way to confirm statements made by airbnb. However, it has not raised capital in private markets since its last raise in 2017 that valued it at $31 billion, and CEO Brian Chesky has said that the company has enough cash to run even without the IPO. This has further fueled speculation that the company will opt for a direct listing on a stock exchange where, instead of issuing new shares to the public, existing shares will be listed, thereby allowing current shareholders to sell to the public.