Global smartphone shipments had already begun to shrink ahead of 2020, though two years of a pandemic and the resulting supply chain and chip constraints certainly didn’t help the overall figures.
I could spend hours discussing early-stage startup operations and community-based marketing, but deal flow is my blind spot.
But when investment banking firm UBS picked up financial robot-advisor Wealthfront for $1.4 billion in an all-cash deal this week, I noticed.
“At those prices, the company’s exit price is a win in that it represents a 2x or greater multiple on its final private valuations,” wrote Alex Wilhelm in The Exchange. “But its exit value is also parsable from a number of alternative perspectives: AUM, customers and revenue,” he added.
The idea of starting your own business can be overwhelming — often to the point of paralysis. Here’s the thing: You’re not alone. Here’s the other thing: It doesn’t have to be that way. If that drive to be your own boss won’t let you sleep at night, then TechCrunch Early Stage is an absolute must-attend event.
Joby Aviation is seeking permission for a series of high-profile air taxi flights over San Francisco Bay, according to documents filed with the FCC and obtained by TechCrunch.
The tests of the startup’s second-generation pre-production prototype, called the S4, would be the first in full view of the public and the first in an urban environment.
With another year of venture capital records in the books, it’s time to look forward.
Global data was clear: The 2021 venture capital startup investment cycle was record-breaking; around the world, startups raised more money than ever before, with individual geographies posting all-time hauls.
Update: When we wrote this, Robinhood’s stock was off double-digit percentage points in pre-market trading, and opened under $10 per share. So, it was current as of then. Since that moment, however, Robinhood shares have flipped around and rallied. Read on for the bearish setup the market was flashing at the start of the day, but keep in mind that Robinhood reversed its declines at least by midday trading!