From $6.2BN Market Cap to $2.8BN: What Is Not Translating About Navan's Public Story | Are Any Public Company CEOs Actually Happy?

The Memo

Feb 6, 2026

Posted by

Ariel Cohen is the Co-Founder and CEO of Navan (formerly TripActions), an AI-powered travel and expense platform. Last month, Ariel took the company public, since being a public company, they have faced a torrid time seeing stock price decline by 50%. The company is currently valued between $4BN-$5BN.

In Today's Show We Discuss:
  • The Truth About Going Public After 11 Years

  • Why We Couldn't Wait: The Real Reason for the IPO

  • Disrupting the Giants: Amex, Concur, and the $1T Opportunity

  • "If We Don't Build This, We're Dead": Seeing ChatGPT Early

  • Why Navan Built Their Own Customer Service AI

  • Why Infrastructure is Overrated (and What Actually Matters)

  • Vibe Coding: How We Rebuilt Our Product in 6 Hours

  • Are Any Public Company CEOs Actually Happy?

  • Lessons from Robinhood: Energy, Ethics, and the Stock Price

  • The Cost of Success: $1B Mistakes and Parenting Regrets

Share this post

Link copied

Link copied

Link copied

RELATED POSTS

SUBSCRIBE NOW TO YOUR FAVOURITE PLATFORM

SUBSCRIBE NOW TO YOUR FAVOURITE PLATFORM

SUBSCRIBE NOW TO YOUR FAVOURITE PLATFORM

SUBSCRIBE NOW TO YOUR FAVOURITE PLATFORM

© 2024 20VC. All rights reserved.

© 2024 20VC. All rights reserved.

© 2024 20VC. All rights reserved.

© 2024 20VC. All rights reserved.