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In the past few months, I have not had a conversation about remote work that does not include mention of Hoppin, a virtual events platform valued at $ 2.1 billion.
For a company only a little over a year old, Hoppin has a wild development story. It raised its ARR from $ 0 to $ 20 million in nine months. It reviewed two businesses, including a streamyard, to differentiate its business For $ 250 million Just this week. And in its last financing round, the company was valued at $ 2.1 billion.
Hopin’s growth amidst Zoom’s fatigue is recognizing a whole crop of remote-work-focused startups. I see startups in the category sitting in two camps: either you are betting that users want a more passive way to interact with the video or you are betting that the users are more proactive to interact with the video Want the way.
This week, for example, I wrote about it rewatch, Which creates internal private channels for startups to archive all their videoconferencing meetings. The company is essentially turning live meetings into translatable documents that employees can shift to synchronously, asynchronously, on their own schedule.
Conversely, I also covered Teamflow, A platform that seeks to give companies a virtual space to recreate the seriousness and productivity of an office. Unlike Rivach, Teamflow feels that employees want more distributed moments in the distributed world.
Both previously stealthy companies cite Hoppin as an example of how we actually interact. Revach and Teamflow, respectively, see Zoom as a plug-in or competitor – not an inspiration.
As i mentioned This Week’s Podcast, This is a dynamic that I expect to play even more over the next few months, as we evolve from a zoom world to a zoom alternative world. I want to hear from you, even if you disagree, which companies should be on my radar in the remote work space. Email me email@example.com Or tweet me @nmasc_ With companies you think my remote-work should be on the radar.
this week, There was a storm in America’s Capitol Building By pro-Trump rebels in deadly riots. Many in the tech community blamed Jack Dorsey and Mark Zuckerberg for not limiting hate speech on their respective platforms, thus increasing the flames of domestic terrorism.
Here’s what you know:
Even when many responses are seen too late, events are seen as a significant change in regulation between government and technical functions.
FTC vs DTC
Sticking to our government and technical topics, P&G is officially Scrapped its plan The razor startup, acquiring Billy, prosecuted antitrust concerns after the FTC.
Here’s what you know: In 2017, Billy was founded with the goal of fighting the “pink tax” on items given to women, including marketplaces and body washes. It was to be acquired by P&G after raising just $ 35 million in venture capital.
e.t.c: Direct-to-consumer brand Not happy. The failed deal is not so subtle an indication for DTC brands that they have a cap on the scale, at least in the eyes of the FTC. Government regulation and limited scale can also hurt VC’s interest in the category.
There is optimistic news that VC funding may occur The top D2C brands are falling out of favor.
Many product-based brands, as it turns out, are no longer interested in pursuing venture capital, playing the “grow-at-all-cost” game and offering investors partial control despite epidemics and uncertain circumstances There are many founders facing themselves.
IPO, a direct listing, and sky-high valuation
Here’s what you know:
e.t.c: Robox Gambit
A directory of the most active and engaged investors in VC: Techcrunch list
Throughout the week
Seen on tc
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If you are new here, you are welcome! Equity TechCrunch belongs to Venture Capital Focused Podcast. I chat Alex And Danny Talk about the most important technical news every week from the initial stage IPO to the IPO, and some jokes in the meantime. Produced by Chris, Parity is an ideal appetizer for this newspaper.
Despite your wishes for a slower and perhaps more uneven year, Tech is clearly not slowing down in 2021. The equity team had a mountain of receiving news through the $ 185 million Series A round from the very active checkbook on Twitter.
Here you will hear if you tune in Our first full-team episode For the year:
- Why Hopin may be the fastest growing story of this era
- How and why, a Utah-based expense management company established in 2018 is already a unicorn
- What does the acquisition from Twitter and Amazon mean for the exit environment?
- And just a tip for you: On the eve of the new year a ton of VC firms squeezed into SEC filings, bringing hundreds of crores of capital to potential startups.
Confident? good. Listen here, and be sure to check out our bonus episode on Saturday with the upcoming Robox and Gaming news.