CEO’s Twitter tag, increased click-through rates, edtech avalanche – TechCrunch
China yesterday ordered rideshare company Didi to stop recruiting new customers after regulators announced a cybersecurity review of the company’s operations.
As of this writing, the Didi share price is down 5.3%. In today’s edition of The Exchange, Alex Wilhelm suggested that the move came as no total surprise, but that it “always puts a bad taste in our mouths”, since the company has gone public. a few days ago.
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When Didi filed for an IPO, he listed several potential pitfalls facing Chinese companies going public in the United States, including “many legal and regulatory risks” and “extensive government regulation and oversight. in his F-1 ”.
What does this news mean for other Chinese companies hoping for IPOs in the United States?
We will be on leave on Monday July 5 on the occasion of Independence Day. Thank you very much for reading me and I wish you a great weekend.
3 guiding principles for CEOs posting on Twitter
Have you heard of the CEO who made misleading statements about a fundraising cycle and was sued? What about this pharmaceutical executive whose taunts at a former secretary of state led to a 4.4% drop in the Nasdaq Biotechnology index?
In case it’s not clear: Startup executives are held to a higher standard when it comes to what they post on social media.
“Reputation and goodwill take a long time to build and are difficult to maintain, but it only takes one tweet to destroy it all,” says Lisa W. Liu, senior partner at The Mitzel Group, a firm of San Francisco-based attorneys who serve many startups.
To help his clients (and Extra Crunch readers), Liu has six basic questions for itchy tech executives on Twitter.
And if the answer to any of them is “I don’t know”, don’t post.
The edtech 2021 avalanche has just started
A report from Brighteye Ventures on the European edtech scene shows this year’s business flow is on track to reach or exceed 2020, when distance education has exploded.
According to Rhys Spence, head of research at Brighteye, the average deal size is now $ 9.4 million, a three-fold increase from last year. Still, “it’s interesting that we’re not seeing huge increases in the number of transactions,” he noted.
How Robinhood’s explosive growth rate was born
The Robinhood trading platform has attracted enough users and activity to change the conversation around retail investing – economists will likely discuss the GameStop 2021 saga in the years to come.
After the company filed for its IPO yesterday, Alex Wilhelm sorted Robinhood’s main income statement to better understand how it took its revenue from $ 127.6 million to $ 522.2 million dollars in the first quarter.
“These are numbers that we frankly don’t see often among companies that go public,” says Alex. “The 300% growth is a pre-series A measure, generally. “
So: where does all this income come from?
As EU venture capital skyrockets, will the region hold onto future IPOs?
Given the valuation gap between U.S. and overseas tech markets, it’s easy to see why some foreign startups would head to our shores when it’s time to go public.
But Anna Heim and Alex Wilhelm have found that a record increase in venture capital activity in Europe is accelerating the pace of IPOs this year, and many of these companies are content to go public in their markets. origin.
To better understand where European investors think they have an advantage, Anna and Alex asked:
- Franck Sebag, partner, EY
- David Miranda, Partner, Osborne Clarke Spain
- Yoram Wijngaarde, Founder and CEO, Dealroom
How VCs can get the most out of co-investing alongside LPs
In a recent private equity survey, 80% of respondents said their co-investments with people outside of traditional venture capital firms outperformed their investments in private equity funds.
Alternative investors are highly motivated and, because they seek higher returns than those generally available in the public markets, they are less intimidated by risk. In return, they benefit from cheaper pricing structures and develop strong links with VCs, thus expanding the talent pool as they develop investment skills.
These relationships also have direct benefits for venture capital firms, such as greater flexibility with diversification and consolidated decision-making power.
“With the right deal structure, deal selection and deal investigation, co-investors can dramatically increase their returns,” says William Kilmer, managing partner of C5 Capital, who wrote an Extra Crunch article for them. VC considering an alternative route.
Dear Sophie: How can I bring my parents and sister to the United States?
My husband and I are both permanent residents of the United States.
Given what we have been through this past year being isolated from our loved ones during the pandemic, we would like to bring my parents and sister to the United States to be close to our families and help our children.
Is it possible?
– Symbiotic in Sunnyvale
How to cut through the promotional haze and select a digital construction platform
Smart building products include everything from connecting landlords with tenants to managing construction sites.
Given their widespread impact on the business and the novel nature of much of this new technology, selecting the right Digital Construction Platform (DBP) is a challenge for most organizations.
Brian Turner, LEED-AP BD&C, created a matrix to help decision makers identify core functions and desired outcomes for stakeholders.
“When it comes to the built environment, creating these comfortable, healthy, and enjoyable places requires new tools,” says Turner. “Selecting a solid DBP is one of the most important decisions to make. “
Demand curve: 7 types of ads that increase click-through rates
A perennial problem among startups: Since no one on the founding team has significant marketing experience, growth efforts are pro forma and generally unlikely to make a difference.
Everyone wants higher click-through rates, but creating ads that “stand out” is a risky strategy, especially when you don’t know what you’re doing. This guest post from Demand Curve offers seven strategies for increasing CTR that you can clone and deploy today within your own startup.
Here’s one: If customers are talking about you online, ask them if you can add a screenshot of their reviews to your ad. Testimonials are a form of social proof that drives conversions, and they’re especially effective when used in retargeting.
Earlier this week, we published another article on optimizing email marketing for start-ups.
We’ll have more expert advice on growth soon, so stay tuned.
To guard against data loss and misuse, the cybersecurity conversation must evolve
Locking down data centers and networks against intruders is only one aspect of an organization’s security responsibilities; cloud services, collaboration tools, and APIs further extend security perimeters. Additionally, systems created to prevent the misuse and mismanagement of sensitive data often depend heavily on someone’s best angels.
According to Sid Trivedi, partner of Foundation Capital, and seven-time CIO Mark Settle, IT managers need to replace existing DLP frameworks with a new one that focuses on DMP – data misuse protection.
These solutions “will provide data assets with more sophisticated self-defense mechanisms instead of relying on traditional security perimeter monitoring,” and many startups are already competing in this space.