August 9, 2020
AliExpress WW
The Exchange: Which VCs are the most popular, why enterprise startups are hot, and how patient are public investors? – TechCrunch

The Exchange: Unicorn IPOs, tech earnings and my favorite VC round from the week – TechCrunch

AliExpress WW

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AliExpress WW

Welcome back to TechCrunch Exchange, a weekly newsletter about startups and markets for your enjoyment this weekend. This is broadly based on the daily column that appears on Extra Crunchbut free. And it’s done just for you.

You can subscribe to the newsletter HereWith that out of the way, let’s talk about money, upstart companies and the latest edgy IPO rumors.

Reaffirm your dreams of SPAC with 11 numbers

If you’re tired of reading about Acquisition Companies or SPACs, we hear you. We’re tired of them too. But they keep popping up, this time in the form of a possible IPO alternative for Affirm, a fintech unicorn that has raised over $ 1 billion to provide consumers with installment loans at the point of sale. (Rates from 0% to 30%, terms up to 36 months.)

Affirm is essentially a lending company that connects with e-commerce firms. While researching this article, the thought came to my mind that Affirm had a super-neat credit system for rating users. But reading your FAQ So what NerdWallet has to say in company, his methods seem somewhat pedestrian.

Regardless, distribution is key for the company, and recently confirmed affiliated with ShopifyThis should provide him with another dose of growth. This is exactly what IPO investors want. WSJ reported this confirmation could be released this year, possibly through SPAC, for between $ 5 billion and $ 10 billion.

I am did his best to outline what these ratings implyusually finding that an affirmation should have Hella the amount of loan to make money, which implies a figure of $ 10 billion. Of course, I tried to make numerical sense. The stock market is a little more relaxed in 2020.

All this talk about SPAC is still mostly bullshit, um. we seeing public debuts this yearAnd every one of them that was marked was a traditional IPO, at least as far as I remember. The existing history of SPAC direct lists and debuts is rather small.

Of course, Coinbase and Asana, as well as DoorDash and Airbnb, among other things, need liquidity and could pull the trigger for a more exotic debut. Damn, Qualtrics might do something wild in the upcoming IPO but we doubt that it will be so.

Market notes

The biggest market news this week had little to do with startups. Instead, they were anti-startups, namely the largest American tech companies that smashed their income statements. The alphabet actually shrank from year to year, but still exceeded expectations. Facebook, Amazon, and Apple were all crazy this quarter.

  • Given the positive reviews we heard from startups and startup investors SuperMegaTech’s results are not shocking that second-quarter sales were better than expected and in some cases exceeded targets set earlier in the year.
  • Many tech companies of all maturities seem to be picking up steam.

Startups that are not DOA. Like the capital of freestyle Jenny Lefcourt said TechCrunch another weekEvery investor wants the next round of startups that have caught the tailwind of COVID. And it is precisely zero investors who want funding for startups that don’t do it in the coming event.

Moving forward, don’t reinvest your retirement funds just yet, but bitcoin is back at $ 10,000 and is currently trading at $ 11,300 as I write to you. Given that the price of bitcoin is a real barometer for consumer interest, trading volume, and possibly developments in the crypto space, the recent market movement is good news for crypto fans.

Turning to the latest news this Friday, news was brewing that the Trump administration was seeking to get Chinese mega-startup ByteDance to sell US operations to TikTok, the super-popular social app.

  • How? When? We don’t know, but the political and economic situation between the United States and China is getting worse, not better. How you feel about this will depend on your policy.

Last week there were 25 rounds in stocks alone of $ 50 million or more, 22 if you exclude private equity rounds and post-IPO investments. That’s just over $ 2.6 billion. US late-stage capital raised by Crunchbase in one week. No matter what you hear from startups stuck on the wrong side of COVID-19, money is still flowing and fast,

Stack overflow $ 85 million was the tenth largest deal of the week. Heck.

Other rounds you may have missed: $ 33 million for San Mateo-based Helix, Argo AI Now Worth $ 7.5 Billion Since Last Fundraiser, $ 11 million for Brazilian wealth manager Magnetis, $ 16 Million for Buildots Construction Company and $ 20 million for instrumentalmy favorite round of the week,

Investing in AI-driven startups suffered in the second quarterbut came down from all-time highs so the numbers were still fine.

VC-themed, own TechCrunch Danny Crichton (Is he on the podcast with me every week) updated TechCrunch list with other 116 VK who are ready to write the first checksThe project has been an ocean of work, so please check it out if you have time or are looking for fundraising.

Miscellaneous and sundries

And finally, as always, here is a collection of data, news, and more that will be worth your while from this crazy week:

Moving towards the end Redpoint vice president Jamin Ball is writing a cloud / SaaS series that I read here and there. Look in,

And speaking of the venture capitalists who do my job, Gateway partner Iris Choi (regular capital) makes frequent live broadcasts that she calls Market Musings that I try to catch when I can. It’s always interesting to hear how people with more money than me think about the market, as they invest a little more in its results.

Sorry for the pun, hug yourself for going through the week, don’t forget last episode of the action and let’s everyone is running, – Alex


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