Many things that used to be true primarily of the public market now happen within the world of private company investing, including the participation of mutual fund investors. Now, you can add equity research reports to that list.
Goodwater Capital — a two-year-old, consumer-tech-focused venture firm is today taking the wraps off a detailed snapshot of pre-IPO Snap, parent of the disappearing-message app Snapchat. In doing so, the San Mateo, Ca., firm hopes to differentiate itself from its venture peers while also seizing on an underserved opportunity: producing research that helps Wall Street understand tech companies — before their own banking analysts do the job. [ Tech Crunch ]