Some time ago, I gave up the idea of finding a thread that connects each story to the weekly Extra Crunch Roundup. There are no consensus views on technology news.
The stories that left a deep impression were about two news pegs that dominated the week – Visa and Plaid annulled the 5.3 billion acquisition deal, and hot IPOs for confirmation and cover marks. Were sent
After being sued by the US Department of Justice for withholding their agreement, it was not surprising to see Plaid and Visa sing the song “Call the whole thing” in unison. But I was surprised the next day when I was editing an interview with Plad CEO Zach Parrett, in which the executive said that growing the company itself was the right strategy.
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In an analysis of the additional crunch, managing editor Danny Crouchton suggested that new interest from federal regulators in enforcing the no-confidence motion would affect future prices. For example, Procter & Gamble and women’s beauty D2C brand Bailey also stopped Their The planned merger took place last week after objections were raised by the Federal Trade Commission in December.
“Given the FTC’s actions last year to prevent the acquisition of Cat and Harry, it’s clear that U.S. antitrust authorities want greater competition for consumers in home goods,” Danny concluded. What, and I doubt it applies to plaid as well.
In December, C3.ai, Dorshish and Airbnb were well received in public markets. This week, the used clothing market cover Mark saw a 140% pop-up in its first day of trade and consumer financing, Alex reported.
In a post titled “A Theory of the Current IPO Market”, he outlined eight key ingredients to make the first time with a big pop of the first day, including “interest rates close to zero.” Climate “and” keep companies private. ” Long indeed, words to survive!
Come back next week for more coverage of the public market on the Exchange, an interview with Bristol CEO Brian Goldberg where he shares his plans to take the company to the public, a comprehensive post about D2C users It will open up regulatory barriers to brands, and more. .
If you live in the US, enjoy your MLK holiday weekend, and wherever you are: Thanks so much for reading Extra Crunch.
Senior Editor TechCrunch
The rapid growth in 2020 underscores the immovable potential of the OKR software market
After spending most of the week covering the 2021 front IPO market, Alex Welham devoted today’s column to studying the OKR Focus software sector.
Measuring goals and key outcomes is every business hub, perhaps since the days when a large number of academic workers began working remotely last year.
Sign of the times: This week, enterprise orchestration SaaS platform GetMob announced that it has raised million 30 million.
To get a sense of how big Tom is for OKR, Alex approached several companies and asked them to share new and historic growth:
- Work board
- On saturday
“Some ORR-based startups didn’t come back to us, and some leaders wanted to share things better than the record, which we sometimes offer for candlelight at startups,” he wrote.
5 Consumer Hardware VCs share their 2021 investment strategies
For our recent investor survey, Matt Burns interviewed five VCs who actively fund the launch of Consumer Electronics:
- Hans Tung, Managing Partner, GGV Capital
- Devina Grayson, co-founder and general partner, Construction Capital
- Serial Ebers Wheeler, General Partner, SOSV
- Bilal Zubair, Partner, Lux Capital
- Rob Cannibal, managing director of Shata Ventures
“Consumer hardware has always been a tough market for breakdowns, but the COVID-19 crisis has made it even harder,” says Matt. And sparked widespread interest in fitness startups such as Tunnel.
Bonus: Many vice chancellors list founders, investors and companies that are at the forefront of consumer hardware innovation.
A view of the current IPO market
If you’re looking for insights on “why everything feels so bad this year” in public markets, a post by Alex on Thursday afternoon might offer some insights.
As a person who pays close attention to the phased venture markets, he has identified eight factors that are driving Unicorns to a revolving position, such as Ekforn and Poshmark.
TL DR? “A lot of demand, very little supply, it’s worth it.”
The IPO is above the cover mark prices as public markets continue to YOLO startups
In the total sales market, Posh Mark closed more than 140% of its total on its first trading day.
In Thursday’s edition of The Exchange, Alex noted that Poshmark increased its value by selling 6.6 million shares at its IPO price, adding 27 277.2 million to the process.
He said the increase in Poshmark’s business is good news for its employees and shareholders, but reflects its shortcomings. “What do we talk about when it comes to equity in private companies?”
Will startup prices change in the face of growing concerns about mistrust?
This week, Visa announced that it would abandon Plaid’s planned acquisition after the U.S. Department of Justice filed a lawsuit last fall.
Last week, Procter & Gamble canceled the purchase of cats, the launch of a women’s beauty product – in December, the US Federal Trade Commission also sued to stop the deal.
Managing Editor Danny Crouchton says that once upon a time, the US government went to great lengths to enforce no-confidence laws, but that changed.
Going forward, “distrust will not generally end the acquisition, but it will prevent buyers with the most secure prices from entering the fray.”
Dear Sophie: What is the new minimum wage required for H-1B visa applicants?
I am currently a grade one student working on the F-1 STEM OPT. The company I work for has indicated that it will sponsor me for an H-1B visa this year.
I have heard that random H-1B lotteries will be fitted with a new system that selects H-1B candidates based on their salaries.
How will this new process work?
– Positive in Palo Alto
Venture investors reacted to the breakdown of the Visa Plaid agreement
Following the news that the 5. 5.3 billion purchase of the Visa API startup platform had been scrapped, Alex Wells Helm and Ron Miller interviewed several investors to get their feedback:
- Anshu Sharma, co-founder and CEO of Skyflow API
- Amy Chatham, Principal, Costanoia Ventures
- Shell Mohanty, co-founder of Better Founder Total Ventures
- Lucas Timberlake, Partner, Fantastic Ventures
- Nico Berardi, Founder and General Partner, Animo Ventures
- Alan Miller, VC, Oak High Court / FT
- Srimapedi, VC, Sierra Ventures
- Christian Lawsand, VC, Impression Ventures
The CEO of Plaid changed the new “explanation” after failing to obtain a visa
Alex Wilhelm interviewed Zac Peret, CEO of Plaid, to learn more about his mentality and the company’s short-term plans after obtaining the visa.
Parrett, who has been a “roller coaster” for the past few years, said the visa deal was the right decision at the time, but going it alone was the best way to move forward.
2021: A Speak Odyssey
In Tuesday’s edition of The Exchange, Alex Wilhelm took a closer look at the blank check offerings for digital asset market bucket and personal finance platform Sophie.
To analyze in detail the investor’s offerings for both offers, he tried to answer two questions.
- Are special-purpose companies “the path to public markets for potentially promising companies that lack clear, near-term growth stories?”
- Given the number of unicorns and the limited number of companies that can IPO at any time, “might Specs help bridge the liquidity gap?”
Flexible VC: A new model for profit-oriented startups
12 ‘Flexible VCs’ that work where equity meets revenue generation
There is a new option to start growth in search of funds: “Flexible VC” investors.
A joint venture between revenue-based investing and traditional VCs that fall into this category gives businesses “access to a way out of risk, while preserving the option of emissions, growth and ownership.”
In a comprehensive explanation, fund managers David Tetin and Jamie Fannie present different investment structures to give founders a clear idea of how VC compares to other venture capital models. In the follow-up post, he shares a list of a dozen active investors who offer funds through these unconventional routes.
These 5 VCs have high hopes for cannabis in 2021
Matt Burns writes that for some consumers, “cannabis has always been necessary,” but once local governments allowed dispensaries to remain open during epidemics, it signaled a change in the regulatory environment and investors Took notice.
Matt asked five VCs where they think the industry is heading in 2021 and what advice they are giving to their portfolio companies:
- Morgan Pakshia, Managing Director, Poseidon Investment Management
- Emily Paschia, Managing Partner, Poseidon Investment Management
- Anthony Congleau, CEO, New Lake Capital
- Matt Schulhob, Managing Partner, Green Acres Capital
- Journal Register, Managing Director, CurioWMBE Fund