Grocery Outlet, Berkeley-based chain, actually controlled by a hedge fund, going public, I read, for $1 Billion dollars, we gave them an oversized sign on Alma.
Go Daddy, a website, one of whose bigger investors is a six-billion dollar hedge fund, here in Palo Alto, an office overlooking Lytton Plaza — incidentally has the same landlord as Grocery Outlet — whether he is an on any of this or not — going public for $1 Billion dollars.
Survey Monkey, chief tenant at Lytton Gateway—different developer—whether he is in on it or not — has BORROWED $800 million to pay back early investors, but pundits say it is going public for a $1 Billion dollars.
How many times will someone get lost looking for the oversized building on the corner of Lytton and Alma?
These signs do not face North South East or West — they face Wall Street slash Sand Hill Road. They face Rick Kimball, Scott Sandell, Jeff Crowe, Roger McNamee, Nick Sturiale, David Hornik, Tim Draper, Bill Draper, —-Bill Drapers cute little grandson “Teddy” in the movies. Although they are OUTDOOR ADVERTISING they are also, arguably, business to business plays, they are designed to help the finance community reap outrageous sums of money in an arguably under-regulated market. We the People, with a $150 Million budget, a fraction of that to regulate the industry — real estate development not too big to fail finance schemes — are not even the Fay Wray to their King Kongs — we are the Nits in Fay Wray’s hair; we are, literally nit-wits.
We say: at least the joints match up well, tongue in groove and all that. We like their faux-Neo-Colonialism, it’s a tribute to Portola, who came here in 1769 looking for Monterrey but found some twin redwoods, Dos Altos — Los Palos — Palos Altos — whatever sells.
Eureka, we finally found El Dorado!!!!!
That’s a rem cool house, but there are mice in the vander row. Frank God!
Whole lotta love.
edit to add: “with due respect”…”it’s poetic” I read this verbatim to ARB, on 8:34 on July 3, 2014.
edit to add: at 10ish I was invited to speak to the subcommittee ms pritchard, french, four members of applicant staff or their vendors, for about 4 minutes and ms. pritchard responded in part to say “you raise some interesting points” . I mentioned that I look forward to being done, and hear there will be coffee and amy said “gelato, too.” You heard it here first.
10:04 shook hands with the 3 applicants: for sign vendor, Andy Fores?, for Butler the builders, John Something, (alvoresness?) and “Bennett” a woman from the tenant “that you will never use” not what I said — I said that I read the trades on where they are at — borrowed $800 million, worth a billion “the more people who know that the better off you are; I am not your enemy”. I wished her good luck, and have a nice afternoon.
That would be Bennett Porter, vice president, director of Marketing Communications (what we used to call MarCom), from Colorado College b.a. in English — hey, soul sister! — and Newhouse School advanced degree — I knew his niece was her editor at Dartmouth — I’m just guessing but the IPO is worth $100 million to her, the sign a $5 M lagniappe. I am here on own cognition and in fact am likely to get a $40 parking ticket if I don’t get back to car.