Rajiv's PITCHES

rajiv Pujara ’29

Rajiv Pujara is an intellectually curious and driven student with strong interests in economics, geography, and data-driven decision-making. Known for his academic excellence and entrepreneurial mindset, Rajiv combines analytical rigor with genuine intellectual breadth. He thrives in environments that demand both quantitative precision and strategic thinking, approaching challenges with focus, maturity, and a long-term orientation.

As co-owner of Dart Dorm Rentals, Rajiv has demonstrated real-world business acumen, conducting comprehensive due diligence and valuation analysis to acquire equity in Dartmouth’s largest student-owned enterprise. His investment research experience spans hedge funds and charitable foundations, where he has developed skills in financial analysis, market monitoring, and value investing principles. At Big Green Capital, he applies these skills to equity analysis, building detailed financial models and presenting investment theses with clarity and conviction.

new york times ($Nyt)

The New York Times has executed an impressive digital transformation, building a subscription bundle across News, Games, Cooking, Sports (The Athletic), and Wirecutter that generates $12.84 ARPU with just 3.6% churn among multi-product subscribers — with 12.3M total subscribers, zero debt, and 95% digital penetration, it is the strongest franchise in digital news. However, three factors make this a pass at current valuation: NYT trades at 20.5x EV/EBITDA, a 60% premium to peers like NewsCorp (12.8x), despite facing similar structural headwinds; subscriber growth is approaching saturation among core affluent demographics; and AI summarization tools like ChatGPT Search and Perplexity are already reducing the referral traffic that drives subscription conversions, with the pending OpenAI lawsuit creating binary outcomes of either $85M+ in licensing revenue or a fair-use ruling that accelerates that displacement.