Affirm, Airbnb, C3.ai, Roblox, Wish file for tech Final IPO of 2020 – TechCrunch


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The wait was long but this week the timing was right: Airbnb has finally unveiled its S-1 and so has Affirm, C3.ai, Roblox and Wish. We are likely to see these five prices on public markets before the end of an already superlative year for technology IPOs. The current pandemic and political turmoil have not been scary enough, apparently.

Over the next decade, you should think that we are seeing a more uniform spread of technology companies going public. Many of the above companies have been bottled up for years behind privately funded growth strategies. Today, however, the industry has a better understanding of SPAC and direct listings, and of various funding avenues. Companies have more options than their foundation so they can grow and exit one day. Public investors in 2020 also appear to have a deeper appreciation for current revenue numbers and opportunities for future growth for technology companies. Because, I still remember all the genes that boasted of shortening Facebook’s IPO not so long ago.

Will we see a more uniform spread of where IPOs come from? While all of this week’s presenters are headquartered in San Francisco or the surrounding area, it now feels almost like a casual reference to the years in which these companies were founded. More states have joined their unicorns, with Ohio-based Root Insurance recently going to the public and Utah-based Qualtrics heading (back) that way. Meanwhile, technical startups are now global, and many countries are working to keep their unicorns closer to home than New York.

On the titles from TechCrunch and Extra Crunch:

If you haven’t made $ 1B this week, don’t do VC well (EC)

Affirm the flyers to be public

Inside Affirm’s IPO presentation: A look at its economy, profits and revenue concentration (EC)

Airbnb files to become public

5 questions from the Airbnb (EC) IPO presentation

VCs are founding winners in Airbnb (EC) IPOs

Roblox leaflets to go public

What is Roblox worth? (EC)

You want the shares to go public with 100M of monthly assets, $ 1.75B in entry 2020 until now

Downloading the C3.ai (EC) IPO archive

With a 2021 IPO on the cards, what do we know about Robinhood’s Q3 performance? (EC)

(Photo by Win McNamee / Getty Images)

What does a Biden administration mean for technology?

What does Joe Biden mean as president around technology policy? On the one hand, tech companies couldn’t go back too far to the White House. “All in all, we see some well-known names in the mix, but 2020 is not 2008,” Taylor Hatmaker explains on potential industry presidential appointments. “The technical enterprises that have emerged as golden children in the last 10 years are radioactive now. Regulation is growing on the horizon in every direction. Whatever political priority emerges from the Biden administration, the Obama’s technocratic golden age is over and we are looking for something new. ”

However, technology industries and companies focused on common goals can find support. In a review of Biden’s climate change policies, Jon Shieber looks at major green infrastructure plans that could be on the way.

Any policy that a Biden administration enacts should focus on economic opportunity in general, and a large part of the plan proposed by the campaign responds to this need. One of his key proposals was that it would “create good, unionized, middle-class jobs in left-wing communities, redress the wrongs in communities that bear the brunt of pollution, and raise better ideas from across our great nation. – rural, urban and tribal, ”according to the transition site. An early emphasis on network and utility infrastructure could create significant opportunities for job creation across America – and be a boost for technology companies. “Our electricity infrastructure is old, outdated and unsafe,” said Abe Yokell, co-founder of the Congruent Ventures company, which focuses on energy and climate. “From an infrastructure point of view, the distribution of the transmission should really be updated and it has been underinvested over the years. And it’s in direct line with the distribution of renewable energy in the United States and the electrification of everything. ”

Rebar was installed before poring a cement slab for an apartment in San Francisco CA.

Image Credits: Steve Proehl (Opens in new window) / Getty Images

The future of construction technology

A shortage of skilled labor is accumulating over the traditional challenges of the construction industry this year. The result is that technology adoption is gaining momentum in the real world, Allison Xu of Bain Capital Ventures writes in a guest column for Extra Crunch this week. Elaborate six main ones construction categories where tech startups are emerging, including project design, design and engineering, pre-construction, construction execution, post-construction and construction management. Here is an excerpt from the article on that last article:

  • How it works today: Construction management and operations teams manage the project end-to-end, with functions such as document management, data and insights, accounting, financing, HR / appointment, and more.
  • Main challenges: The complexity of the work site translates into highly complex and cumbersome documentation associated with each project. Process management requires communication and alignment across stakeholders.
  • How technology can solve challenges: The nuances of the multi-stakeholder construction process deserve value in a verticalized approach to project management. Construction management tools such as Procure, Dash solutions and IngeniousIO they have created ways for entrepreneurs to coordinate and follow the end-to-end process more perfectly. The other players like it Level they have taken a construction-specific approach to functions such as invoice management and payments.

Virtual HQ after the pandemic?

Work solutions from the pandemic era such as online team meeting spaces are moving towards a less certain reality, based on vaccines. Are we all gone — long enough to have a real market, anyway? Natasha Mascarenhas takes over possession with some of the top companies to see how it looks, here’s more:

With the goal of making remote work more spontaneous, there are dozens of new startups working to create virtual HQ for distributed teams. The three that are listed at the top include Ramu, built by Gen Z gamers; Cash in, created by engineers who build a gamified Zoom; and Weather in Culluccia, who is still in a rage.

Platforms are all underway to demonstrate that the world is ready to be a part of virtual workspaces. Drawing on the culture of multiplayer gaming, startups use space technology, animations and productivity tools to create a dedicated work metaverse.

The biggest challenge to come? Startups need to convince venture capitalists and users that they are more than Sims for Enterprise or a Zoom call always on. The potential success could signal how the future of work will mix play and socialization for distributed teams.

Around TechCrunch

The head of the United States Space Force, Gen. John W. ‘Jay’ Raymond, joins us in TechCrunch Sessions: Space

David Limp, head of Amazon’s Kuiper Project, comes to TC Sessions: Space

Throughout the week

TechCrunch

Against all odds: The sheer strength of immigrant startup founders

S16 Angel Fund launches a community of founders to invest in other founders

Fintech company Pre-seed Financial Venture Studio closes on debut fund to build on legacy of major investments

How sports can save colleges

Why do telehealth companies treat healthcare like the gig economy?

A court decision in favor of initiating UpCodes may help form open access to the law

Crunch Extra

Will Zoom Apps be the next hot startup platform?

Is the Internet advertising economy on the verge of imploding?

Homemade talent and VC spark the Italian technological renaissance

Because some VCs prefer to work with early founders

3 growth tactics that will help us overcome Noom and Weight Watchers

A review of the SEC’s new capital crowdfunding rules

#EquityPod

By Alex Wilhelm:

Hello and welcome to Equity, The TechCrunch podcast focused on venture capital (now on Twitter!), where we decipher the numbers behind the titles.

This week is over to be incredibly busy. What else, with a week that included both Airbnb and Affirm IPOs, a mega-round series for new unicorns, some exciting smaller funding events and some new funds?

So we had a lot to go through, but with it Chris and Danny and Natasha and your humble servant, we pigeonhole in first chapter:

What a week! Three episodes, some new records, and we got very tired after all the action. More Mondays!

Equity goes down every Monday at 7:00 am PDT and Thursday afternoon as soon as we can get out, so sign up for us at Apple podcast, New, Spotify and all cast.


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