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The wait was long, but this week’s time was right: Airbnb finally filed its S-1, and so did Confirmation, C3, E, Roblox, and Wish. We will probably see these five prices in the public markets before the end of the already glorious year for tech IPOs. Apparently, the ongoing epidemic and political turmoil were not scary enough.
In the coming decade, you have to think that we will see tech companies expanding publicly. Many of the above companies have been bottled up for years behind privately-funded growth strategies. However, today the industry has a better grasp of SPAC and direct listing, and different sources of funding. Companies have more options from their base of how they can grow and exit in a day. In 2020, public investors also feel that the current revenue streams and future growth opportunities for tech companies will be deeply appreciated. Why, I can still remember all the conscious people who talked about shortening Facebook’s IPO so long ago.
Will we see more spreads where IPOs come from? While all of this week’s filers are headquartered in San Francisco or the Environment, it now feels almost like a coincidence that these companies have been around for years. Ohio-based route insurance has recently moved to the public and Utah-based Qualtrex (as well), with more states signaling a tightening. Meanwhile, tech start-ups are now global and many countries are working to keep their unicorns closer to home than New York.
Tech Glass and Extra Crunch headlines:
If you didn’t make 1B this week, you’re doing VC OK (EC)
Confirm to generalize files
Inside Affirmative IPO Filing: A Look at Its Economy, Profit and Revenue Concentration (EC)
Airbnb files for public access
5 questions from Airbnb’s IPO Filing (EC)
Vice Chancellor and Founder of Air Bank IPO (EC)
Roblox files for public access
What is the price of rubles? (EC)
Want to go public with 100M monthly activities, 2020 revenue so far 75 1.75B
C3.ai Opening IPO Filing (EC)
With the 2021 IPO in Cards, what do we know about Robin Hood’s Q3 performance? (EC)
What does the Biden administration mean for tech?
What does Biden intend as president around technology policy? On the one hand, tech companies can’t get back to the White House very quickly. “Everyone said, we’re seeing some familiar names in the mix, but not 2020, 2008,” says Taylor, explaining possible presidential appointments from the hat-maker industry. “The tech companies that have emerged as golden children over the last 10 years are now radioactive. Regulation on the horizon is growing in every direction. Whatever policy priorities the Biden administration puts forward, Obama’s technocratic magical age is over and we Ready for something new.
However, tech industries and companies focused on common goals can be helped. In his review of Biden’s climate change policies, John Scheiber looks at green infrastructure projects that can move forward.
Any policies that the Biden administration implements must focus on large-scale economic opportunities, and much of the campaign’s proposed plan meets that need. One of his key proposals was to “create good, unity, middle-class jobs in the backward communities, to correct mistakes in the parties facing pollution, and to make our great nation – rural, Citizens and tribals, “according to the transfer website. The initial emphasis on grid and utility infrastructure could create significant job opportunities across the United States. “Our power infrastructure is old, outdated and unsafe,” said Abe Yukal, co-founder of energy and climate-based venture capital firm Congress Ventures. From an infrastructure point of view, the transmission distribution really needs to be upgraded and invested over the years. And it’s in direct alignment with the supply of renewable energy and electricity in the United States.
The future of construction tech
Lack of skilled labor is one of the traditional challenges facing the construction industry this year. As a result, the adoption of tech is a huge push in the real world, writes Allison Hundred of Ben Capital Ventures in a guest column for Extra Crunch this week. She maps out six key construction categories, including construction project concept, design and engineering, pre-construction, construction process, post-construction and construction management, where tech startups are emerging. See an excerpt from the article about this last item:
- How it works today: Construction management and operations teams manage the end project with functions such as document management, data and insights, accounting, financing, HR / payroll, etc.
- Key challenges: The complexity of the job site translates into the most complex and cumbersome paperwork associated with each project. Process management requires communication and alignment among many stakeholders.
- How technology can tackle challenges: The fineness of the merit value of the multi-stakeholder construction process in a vertical approach to managing the project. Construction management tools such as Procor, Hyphen Solutions and Engines IO have created ways for contractors to seamlessly synchronize and track the end-to-end process. Other players like LevelSet have adopted a constructive approach to functions such as invoice management and payments.
Virtual headquarters after the epidemic.
Online team meeting venues such as epidemiological solutions are moving towards vaccine-based reality. Have we all gone too far before they have a real market? Natasha Mascarenhas checked up with some top companies to see what it looks like, here’s more:
Dozens of new startups are working to create virtual headquarters for distributed teams, with the goal of making remote work better. The three that have reached the top include the branch, which was created by General Z Gamers. Collect, zooming in by engineers. And Huddle, who’s still in hiding.
Platforms are all running to prove that the world is ready to be part of the virtual space. By drawing a multiplayer gaming culture, startups are using local technology, animations and productivity tools to create dedicated metavers for work.
The biggest challenge ahead? Startups need to convince venture capitalists and consumers alike that they are more than SIMs for enterprise or always zoom call. Potential success may indicate how the future of the work will combine gaming and socialization for divided teams.
Around the tech glass
General John W. Raymond, Commander of the US Space Force, joins us at the Tech Glass Session: Space
David Lamp, chief executive of Amazon’s Project Cooper, is returning to TC Sessions: Space
Throughout the week
Against all odds: the sheer power of the founding fathers of immigration
The S16 Angel Fund launched a community of founders to invest in other founders
Pre-Seed Fantastic Firm Financial Venture Studio closes on first fund to carry on the legacy of top investment
How can sports save colleges?
Why are telehealth companies treating healthcare like a jig economy?
A court ruling in favor of a startup code can help create open access to the law
Will Zoom Apps be the next hot startup platform?
Is the Internet Advertising Economy Growing?
Homegrown talent and VC gave birth to Italy’s technological innovation
Why some VCs prefer to work with first time founders
3 development tactics that helped us to keep moisture and weights behind
A report card for the SEC’s new Equity Crowd Funding Rules
# Equity Pod
From Alex Wilhelm:
Hello and welcome to Equity, TechCrunch’s Venture Capital Focused podcast (Now on Twitter!), Where we open the numbers behind the headings.
Injured this week due to being incredibly busy. With another week, which included Airbnb and certification IPO filing, hosting mega rounds for new Unicorns, some exciting fundraising events and some new funding?
- Verification has been filed to the public! Fantastic is a large unicorn, growing and losing less money over time. We were very impressed at first sight. Then, over time, we dug deeper and found one or two weaknesses. Even so, owning one is still beyond the reach of the average person.
- Filed by Erbin B, and we were able to jump into the equity shot as fast as we could to get our brains around the news on Tuesday. Since then, Danny has been digging into Venture Capital winning circles – surprisingly a small subset of firms! – And we had some questions about the company’s finances.
- Robin Hood is said to have an IPO in his books, so we talked a little bit about what we know about his Q3 growth.
- And then there was Adtech, as always. This week we talked about Tencent-backed Admi, Dowlingo, once again raising and transferring a series A pick that we thought was very interesting.
- Danny wanted to talk about Trust & Will Series A. We tried not to make too many jokes.
- Zen Business also raised $ 55 million in an outsourced Series B.
- Financial Venture Studios raised a new fund to check small checks in seed-based fantastic startups. We think this is great. We especially know what’s going on in the world of fintech ventures.
- And Natasha saw us through her fresh deep dive, which looks at the world of virtual headquarters. This made the show the worst joke ever.
What a Saturday! After three episodes, some new records, and the whole process, we got very tired. More on Monday!
Every Monday at 7am PDT and Thursday afternoon equity falls as soon as we can get out of it, so subscribe to us on Apple Podcasts, Overcasts, Spotify and all cassettes.