Silicon Valley companies were already away when the corona virus became a global pandemic. This means that there are already many great software tools on the market that are currently experiencing an enormous amount of new usage. And not just zoom. Alex Wilhelm checked in at HiveIO, Friday, FreeConferenceCall, Brandlive, Kentik, Bluescape, LogMeIn and other remote-controlled large and small SaaS startups to get the latest data for extra crunch. For example, FreeConferenceCall reported the following:
- United States and United Kingdom: + 6%
- India: around + 10%
- France and South Korea: + 20%
- Italy: + 170%
- China: + 524%
- Hong Kong: + 1576%
- Vietnam: + 3836%
Next, look at Ron Miller's look at what experts are currently recommending (EC) when trying to transition for your team or company.
Further analyzes on large remote-first companies and investment areas will shortly be available as the working world goes through this abrupt transition into an already inevitable future. In the meantime, be sure to check out our existing reporting:
How to work during a pandemic (TC)
How we scaled Seeq by being remote first (EC)
How Remote Work (EC) Works
Essential tools for today's digital nomad (EC)
Remote workers and nomads represent the next Tech Hub (EC)
One last hint: you wonder why there is no vaccine yet? Connie Loizos met longtime health investor Camille Samuels for theinformationsuperhighway. "The reason why you hear so much about cancer and orphan diseases is that you can get high prices in these areas," explains the Venrock partner. "In therapeutic areas where you can't get high prices because there are already a number of generic drugs on the market – pain, depression, other big, unmet needs – you don't see as much innovation. It's about that Follow the incentives. With infectious diseases, the problem is that someone who was predicted a year ago could become a problem, but if it is a potential problem rather than an actual problem, it is difficult to get investors to do so to fund something like that. "
Three co-founders is the magic team number for pre-seed investors
What are the key features of successful pre-seed financing today? Docsend, the document management company that thousands of founders use to share decks with investors, has released a new report that examines recent pre-seed funding to determine what it looks like today. Former VC Danny Crichton examined the data based on an anonymized survey among founder users and highlighted some surprising trends at theinformationsuperhighway. Here's one thing: Companies with larger founding teams were able to increase with fewer meetings, but the companies that achieved the largest increases per number of meetings on average have three co-founders.
theinformationsuperhighway / Extra Crunch CEO and columnist Russ Huddleston also said the quality limit for products appears to have risen. "We used to say that you could make money with a minimum viable PowerPoint (MVPP)," he said, "but VCs spend a lot of time looking at the product pages of successful decks and really expect some level of product readiness, it's about five years ago Years ago. "
Connie Chan, General Partner of A16z, talks about the future of consumer technology (including remote first betting).
Connie Chan recently invested in the Run the World startup for virtual conferencing, leading the way in consumer investment trends as we know them today. She sat down with Connie (Loizos) for a comprehensive interview about Extra Crunch. Here are some highlights:
- To D2C: "It is less specific what the product is, but the market they are targeting and what margins you have to play with from a marketing standpoint."
- On the current trends in China: “People spend more time at home. So whether it's gaming or streaming or whatever they are doing at home, they are fine. Many of my colleagues in China also use video conferencing to take all of their parking spaces. They still work, but they all only work from home. "
- About the potential of a “super app” like WeChat: “WeChat was started as a communication platform. So of course you would think that communication is a great place. The other big part of a super app is the payment level or a link to your credit card information or your bank account. With that in mind, anything else that drives transactions has a really good chance of getting it right. When I use DoorDash to order groceries, you can also use it to order X, Y and Z, which also require credit card processing or logistical delivery. If you look at GoJek or Grab in Southeast Asia, they did just that. They started transporting, but they also make food, they make food, they make loans, they make fintech. You do everything in one place. "
Who is Alex Wilhelm?
Alex is a long-time author, editor, and analyst who recently returned to theinformationsuperhighway to write a lot about topics including, but not limited to, a daily financial pillar for extra crunch over the $ 100 million ARR club, Unicorn IPOs, business models, investment trends and other issues that are most dear to our startup audience. He's also the host of the popular equity podcast, a real person, and like me from Corvallis, Oregon. Given the popularity with our main readers, we decided to talk him a little bit more about himself in this Q&A on theinformationsuperhighway.
In the course of the week
The new AngelList dataset highlights the signaling risks of investments at the seed stage
SXSW Cancels Its 400,000-Person Conference Due to Corona Virus
SF is ready to pass Prop E, which could significantly reduce the new startup office space offering
Startup Battlefield applications for theinformationsuperhighway Disrupt SF 2020 are now open
Why you can't overlook the little details when striving for innovation
Oyo layoffs, Airbnb's late IPO and long-term dilemma of investing in travel launches
Understand the early stage fundraising market 2020
Break-even ads can generate free brand awareness
In an effort to turn startups into zebras, not unicorns
Ben Lerer of Lerer Hippeau shares his priorities for browsing seed businesses
Dear Sophie, I live in India and run a startup
The following can be seen in the latest episode about Alex:
- Smaller has more money again. About a year after procuring a $ 600 million vehicle, Little Perkins launched a new, larger fund. At $ 700 million, the long-standing venture group has more money to play with than recently. So for early-stage business.
- Atrium was closed after $ 75 million was raised. Investors got some of their money back, but the company had to fire its 100 employees. The lesson here is that famous supporters and permanent founders cannot create anything that doesn't work.
- OYO fires people. Again. The Indian hotel brand supported by SoftBank Vision Fund should be a great success. Now, with novel corona viruses and other challenges, it and global tourism are stalling.
- We also looked at Robinhood's downtime, which occurred during a time of high trade volatility. The company has a lot to do to restore user confidence and further expand its rating. (More on this here.)
- Zoom was the good news of the day and made strong profits (here), possibly indicating that remote work companies are seeing demand for their products.
Don't miss this Tuesday's equity shot that Alex and Danny put together through the Elliott Management activist fund. It has just bought a large stake in Twitter and is trying to remove founder and CEO Jack Dorsey (!).
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