Welcome back to The TechCrunch Exchange, a weekly և Marketplace Newsletter. It is widely based the daily column that appears in Extra Crunch, but free և made for your weekend reading. Do you want it in your inbox every Saturday morning? Register here.
Ready? Let’s talk about money, startup և IPO talk.
Earlier this week, TechCrunch reported that Public, a consumer fund trading service, was in the process of raising more money. Business Insider quickly added the details of the round, which could be about $ 200 million, valued at $ 1.2 billion. The tiger could rule.
The public wants to be anti-Robinism. The public has set its bets by focusing on the recent deviation from PFOF revenues, which prompted Robinhood’s business model. And investors, because of competitor problems, are ready to make it a unicorn.
Of course, the Public Round comes with Robinhood’s epic $ 3.4 billion collection, a deal that was staggering both in scale and speed. Commercial investors have come into play to ensure that it has the necessary capital to support consumer commerce. Robinhood’s strong 2020 quarter արդյուն ի ի 21 առաջին առաջին 21 ի աճ շնորհիվ շնորհիվ շնորհիվ շնորհիվ շնորհիվ::::::::::::
Like փող public money, provided that (1) the Company sees a large increase in users և (2) it’s time to clarify its perpetual business model. We can not comment on the second, but we can say a little about the first point.
Thanks not to Public, but to M1 Finance, a consumer-centric consumer firm in the Middle East that has a stock-buying function among its other services (more on that here). It told TechCrunch that the number of registrations quadrupled in January compared to December. And in the last two weeks, six times more registrations were registered than in the previous two weeks.
Given that M1 is not allowed to trade, what his team has repeatedly emphasized in TechCrunch posts, we can not draw the perfect line between M1 և և Public և Robinhood և, but we can conclude: that consumers’ interest in late investments is high. . Which helps to explain why Public, which is looking for a way to generate long-term revenue, can take this step just months after closing another investment.
Our notes from last year about how savings and investments were something new happen to be even more true than we expected.
As the week drew to a close, Coupang made an announcement to the public. You can read our first look here, but it will be great news. Also, according to the IPO index, Matterport is coming out through SPAC, I talked to Metromile CEO Dan Preston about his inadmissible public offer this week, which was also received through SPAC, and so on.
Oscar Health introduced, չունի it does not look too strong. Thus, public traders will try to estimate it as soon as possible. That’s not the problem Bumble had when it exceeded the price range this week and then went up after it started trading. I և Natasha (she’s also a venture capitalist) has some notes from Bumble CEO Whitney Wolf Herd, which we’ll send to you early next week. (I also talked a few times about the IPO with the BBC, which was neat, the first of which you can check here if you want).
Roblox’s imminent public debut was also in the news this week. The company was a little bigger than it thought last year (cool), but may delay its direct listing in March (not cool).
As the IPO grew, Carta recently began trading its shares amid rumors that its revenue had reached $ 150 million. Not a bad card, but what about a real IPO instead of a private one? The value of the company more than doubled during the secondary transitions.
And then there were so many exciting stages of venture capital that I could not reach this week. This Coa Health Stage, for example. And: Whatever this Slync.io news!. (If you want items from an earlier period, check out recent tours of Treinta, Level, Ramp և Monte Carlo.
And to close, a small call to Ontik, who provides “defense intelligence software”, says that his income increased by 177% last year. I appreciate the exchange of numbers, so I wanted to emphasize the figure.
Different և summer
This weekend I have one last word you should chew on from Smartsheet, former CEO Mark Mader. That’s a rough summary. Why, I asked Madder about the non-coding trends for 2021, because I have my eyes on the universe. Here is what he wrote for us.
If you thought that the sudden shift to remote work accelerated the digital transition to corporate America, you have not seen anything yet. Digital transformation will accelerate even faster in 2021. Last year, the workforce was exposed to many types of technologies at once. For example, a company may install Zoom or DocuSign for the first time. But much of this shift involved adopting analog processes, such as meeting or signing, approving, and delivering documents online. Such things are just the first step. 2021 is the year when companies will start integrating large-scale digital events into infrastructure that can make them automated and repetitive. It is a difference between one person signing a document and hundreds of people signing hundreds of documents with different rules for each. And this is just one example. Another use may include HR software with automated project management software for real-time resource allocation, allowing the company to benefit more from both platforms as it does its people. Enterprises that can automate և simplify such complex workflows will dramatically increase efficiency և return on their technological investments, putting them on the path of real transformation բարել improving profitability.