Because the pandemic started, have you ever been strolling extra, or are you aware somebody who purchased a brand new automobile? Maybe you ran your first errand on a rented e-bike or scooter?
During the last 12 months, I’ve experimented with totally different mobility choices to see which of them finest swimsuit my wants, as have most individuals I do know. It may be difficult to take care of a really helpful bodily distance on a bus or subway. (After a decade-plus hiatus, I even briefly thought of rejoining the ranks of car house owners!)
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It took some getting used to, however I now get pleasure from touring round San Francisco on a scooter or e-bike. Pre-pandemic, I used to be leery of driving two-wheeled autos in a metropolis with a excessive fee of harm collisions, however there are fewer automobiles on the street than there was.
COVID-19 has spotlighted lots of the weakest factors in our transportation system, however a number of the fast shifts in client conduct are creating alternatives for tech as soon as thought of fanciful, like sidewalk supply robots and eVTOLs (electrical vertical and takeoff autos).
Transportation editor Kirsten Korosec reached out to 10 investors to study extra “in regards to the state of mobility, which tendencies they’re most enthusiastic about and what they’re in search of of their subsequent investments.”
Right here’s who she interviewed:
- Clara Brenner, co-founder and managing accomplice, City Innovation Fund
- Shawn Carolan, accomplice, Menlo Ventures
- Dave Clark, accomplice, Expa
- Abhijit Ganguly, senior supervisor, Goodyear Ventures
- Rachel Holt, co-founder and basic accomplice, Assemble Capital
- David Lawee, founder and basic accomplice, CapitalG
- Sasha Ostojic, working accomplice, Playground International
- Sebastian Peck, managing director, InMotion Ventures
- Natalia Quintero and Rachel Haot, Transit Innovation Partnership/Transit Tech Lab
Thanks very a lot for studying Additional Crunch this week!
Senior Editor, TechCrunch
A fraction of Robinhood’s customers are driving its runaway progress
Yesterday’s Home Monetary Companies Committee listening to on the GameStop quick squeeze saga was pretty typical: Most lawmakers used their time to grandstand and little new info was revealed.
However Alex Wilhelm discovered one tidbit: Much of Robinhood’s revenue is generated from payment for order flow (PFOF). Beneath the follow, market makers pay the buying and selling platform for executing trades.
To get a way of how a lot Robinhood’s excessive rollers contribute to the corporate’s basic well being, he calculated its PFOF revenues for the final three months of 2020.
“Borrowing a time period from the on line casino commerce, these whales generate the majority of the corporate’s income stream.”
Why do SaaS corporations with usage-based pricing develop sooner?
HubStop launched usage-based pricing in 2011 to spice up its retention fee, then close to 70%.
When it went public three years later, its internet income retention fee was edging near 100%, “all with out hurting the corporate’s capacity to accumulate new clients.”
Providing new customers frictionless onboarding, buyer help and free credit is a confirmed technique for making them extra lively — and constant.
“As a result of they’re higher at touchdown new clients, rising with them and retaining them as clients,” says Kyle Powar, VP of progress at OpenView.
Paying $115B for Stripe or $77B for Coinbase may be fairly rational
In October 2018, private-market cash valued Coinbase at round $8 billion. As of this week, it’s valued at $77 billion.
Equally, Stripe is valued at $115 billion on secondary markets. In the midst of final 12 months, that determine was nearer to $36 billion.
“Would I line as much as pay $77 billion for Coinbase?” requested Alex. “Most likely not, however that doesn’t mean that the public markets won’t.”
Pandemic-era progress and SPACs are serving to edtech startups graduate early
Natasha Mascarenhas experiences that some edtech startups are hitching rides with special purpose acquisition vehicles to allow them to velocity up their journey to the general public markets.
To study extra, she interviewed Susan Wolford, chairperson of $200 million SPAC Edify Acquisition, and Nerdy CEO Chuck Cohn. Nerdy, mum or dad firm of Varsity Tutors, goes by means of a reverse merger with TPG Tempo Tech Alternatives.
“It’s much less about going into the general public markets and extra about that this transaction permits us to take an offensive place and lean into the massive alternatives,” Cohn mentioned.
Pricey Sophie: Suggestions for submitting for a inexperienced card for my soon-to-be partner
My fiancé is within the U.S. on an H-1B visa, which is about to run out in a couple of 12 months and a half.
We have been initially planning to marry final 12 months, however each he and I wish to have a ceremony and get together with our households and associates, so we determined to carry off till the pandemic ends. I’m a U.S. citizen and plan to sponsor my fiancé for a inexperienced card.
How lengthy does it sometimes take to get a inexperienced card for a partner? Any tips you can share?
— Sweetheart in San Francisco
Inside Rover and MoneyLion’s SPAC-led public debuts
After I noticed that Alex Wilhelm wrote on Tuesday about two extra startups that have been taking the SPAC path to public markets, I briefly puzzled if we’ve been protecting particular objective acquisition corporations too ceaselessly.
After I learn his first sentence, I spotted Alex made precisely the appropriate name as a result of the development that emerged in 2020 could also be turning right into a precise wave: This week, pet e-commerce firm Rover and fintech startup MoneyLion each introduced that they’re planning SPAC-led debuts.
On Monday, Alex covered the news that Lerer Hippeau Acquisition Corp. and Khosla Ventures Acquisition Co. I, II and III. filed S-1 filings final week.
“It’s important to surprise if each VC price a rattling sooner or later can have their very own raft of SPAC choices,” says Alex.
Wrote Lerer Hippeau Acquisition Corp.:
With our portfolio now maturing to the stage at which many are contemplating the general public markets, we view SPACs as a pure subsequent step within the evolution of our platform.
“If we aren’t cautious, each entry of this column might include SPAC information,” writes Alex.
From dorm rooms to board rooms: How universities are selling entrepreneurship
Fifteen U.S.-based establishments of upper studying have joined forces to create the University Technology Licensing Program LLC (UTLP).
This system makes it simpler for entrepreneurs and traders to seek out IP that may drive their corporations ahead, nevertheless it’s additionally an try and restore what one participant calls “the considerably damaged interface between universities and really massive corporations within the tech area.”
4 methods for deep tech corporations recruiting high progress entrepreneurs
Right here’s some real talk for technical founders: in case you discover it irritating to work with progress specialists and advertising and marketing professionals, the sensation’s most likely mutual.
“Unimaginable progress persons are unbiased and artistic and are drawn to environments that explicitly worth these traits,” says Jessica Li, a content material/progress skilled who was beforehand a VC.
To land high expertise, “show that you’ve a crew construction in place the place a progress marketer might slot in and thrive.”
9 traders focus on hurdles, alternatives and the affect of cloud distributors in enterprise knowledge lakes
Earlier than my first cup of espresso this morning, I’d already interacted with 4 totally different gadgets that transmitted particulars about my conduct to an information lake.
Hopefully, the response I despatched to an automatic textual content whereas ready for the kettle to boil will generate a reduction supply in my inbox later as we speak. (And hopefully, the uncooked knowledge I’m transmitting has been correctly secured and cataloged.)
Enterprise reporter Ron Miller interviewed nine investors to study extra about their method to the profitable knowledge lake market:
- Caryn Marooney, basic accomplice, Coatue Administration
- Dharmesh Thakker, basic accomplice, Battery Ventures
- Casey Aylward, principal, Costanoa Ventures
- Derek Zanutto, basic accomplice, CapitalG
- Navin Chaddha, managing director, Mayfield
- Jon Lehr, co-founder and basic accomplice, Work-Bench
- Peter Wagner, founding accomplice, Wing Ventures
- Nicole Priel, managing director, Ibex Ventures
- Ilya Sukah, accomplice, Matrix Companions
Felicis’ Aydin Senkut and Guideline’s Kevin Busque on the worth of straightforward pitch decks
With regards to constructing a sturdy relationship between a founder and an investor, “the belief begins within the pitch deck,” says Guideline CEO Kevin Busque.
Busque joined Extra Crunch Live last week with Felicis Ventures’ Aydin Senku to debate the seed spherical Senku declined to affix — and the Collection B he led a short time later.
In step with our new format, the pair additionally supplied suggestions on pitch decks submitted by members of the viewers. Learn highlights, or watch a video with the total dialog.