BIGC - Thoughts?

When stocks run up so fast through the IPO process, it’s hard to tell if they’re legit or not. Lemonade is currently 49ish bucks and was 85 not even three months ago. I think Ophir likes them. That gives some credibility...although Goldman says sell.

I offer neither of those so good luck on your journey lol.

I’m a fan longterm. I’m already in at $120 and I’m probably going to average down in the next few days.

While Shopify takes the easy route for businesses building an online presence by giving everything they need in a simple, neat Shopify package, Big Commerce offers a more open platform where you can tie in whatever services you want. So for example with Amazon/Shopify, you have to use their payment service, while in BIGC you have the ability to connect to other payment service like Square. This allows you to consume best of breed services, instead of being locked in to whatever Amazon/Shopify gives you.

The problem here is that it’s hard to define this available market, because it’s hard to identify Amazon/Shopify customers that want a bit more and other business that have legacy websites, or no website at all. In addition, Shopify could also change their tune and open things up, which would be a huge blow to BIGC.

It’s still overvalued right now. I watched the IPO and was on the fence about pulling the trigger, thinking it could dip a bit. Then it ran up and I panic bought at 120, thinking, “Well shite. e-commerce is booming right now with some insane valuations. If this one follows suit, it may be 200 in 3-4 weeks”