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Industry Focus

Tech: Surveying SurveyMonkey

Industry Focus

The Motley Fool

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4.6854 Ratings

🗓️ 5 October 2018

⏱️ 16 minutes

🧾️ Download transcript

Summary

The tech-boom era survey company SurveyMonkey has finally IPO'd after 19 years as a private company. Can the older tech company cut it on the public markets? We run through the company's user base, explore its financials, and explain whether we're interested in buying shares.

Stocks: SVMK, GOOG, GOOGL, DBX

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Transcript

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0:00.0

Thanks to Slack for supporting Industry Focus.

0:02.0

Slack is a collaboration hub for work that makes sure the right people on your team are always in the loop and key information is at their fingertips.

0:09.0

Learn more at Slack.com.

0:11.0

Welcome to Industry Focus, the podcast that dives into a different sector of the stock market every day.

0:18.0

It is Friday, October 5th, and we're talking about a dot-com tech stock gone public. I'm your host Dylan Lewis and I'm

0:24.3

joined on Skype by senior tech specialist Evan New. Evan what's going on? Not

0:30.0

much. What were you doing in 1999, Evan?

0:35.0

I was in high school.

0:37.0

So it must have been what, sophomore.

0:40.0

Something like that.

0:42.0

Yeah. And I was playing baseball and hanging out at pool parties because I was a middle schooler at the time.

0:47.0

The company that we are talking about today, Survey Monkey, was founded in 1999 and has enjoyed quite a lengthy lifetime as a private company,

0:56.0

kind of an under-the-radar unicorn.

0:58.0

Right, I mean the brands have been around forever, like you said, you know, I recognize it from high school and, you know, people will start, you know,

1:06.1

this is right when everyone's got on the internet and you take these, you know, random little

1:09.3

online surveys and polls. So yeah, I mean, they've been around forever. Yeah shares hit the market

1:14.6

last week the company IPO under the ticker SVMK and if in case anyone is not

1:20.9

familiar it is a software as a service company that allows people to

1:24.2

design and distribute surveys.

1:26.6

They have some partnerships and integrations that work with a lot of the other major tech

1:30.0

platforms out there.

1:31.6

I'm sure that a lot of our listeners have probably taken a survey

...

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