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Archivo del Autor: Belen De Leon

Equity transcribed: Uber IPO, Stash’s raise and more YC movement

Welcome back to this week’s transcribed edition of Equity, TechCrunch’s venture capital-focused podcast that unpacks the numbers behind the headlines. We’re running an experiment for Extra Crunch members that puts the words of our wildly popular venture capital podcast, Equity, in your eyes instead of your ears.

This week, along with guest Anu Duggal, the founder of Female Founders Fund, the team discussed Uber’s impending IPO, Q1’s IPO pace, Stash’s raise and more changes at Y Combinator that saw Sam Altman take a seat as the accelerator’s chairman.

So if you don’t like podcasts but still want the goodness that is Equity, you can have a read of this week’s episode below.

For access to the full transcription, become a member of Extra Crunch. Learn more and try it for free. 


Connie Loizos:
Hello and welcome to Equity. I’m TechCrunch’s Silicon Valley editor Connie Loizos. I’m joined today by Crunchbase News’s Alex Wilhelm.

Alex Wilhelm:
Hello.

Connie Loizos:
Hello. We also have a guest in studio today from New York. Anu Duggal, the co-founder of Female Founders Fund, which has backed a lot of really interesting companies from the wedding site platform Zola to the smartphone lending app Tala, which caters to people and underserved and emerging markets. Anu, thank you so much for swing by today.

Anu Duggal:
Thanks so much for having me.

Connie Loizos:
It’s really great to see you.

Anu Duggal:
You too.

Connie Loizos:
So we were going to talk about the week being sort of slow. In fact, until about an hour ago, we were sort of talking about discussing the fact that there’s been this … a lot of talk and no action yet on the IPO front. Then Reuters broke the news that Uber is planning to kick off its IPO in April, which is just next month. And it’s also just right on the heels of the expected IPO of Lyft, which apparently is coming out at the end of this month.

Alex Wilhelm:
Yes. And this is evidence that the news gods still hate this show because this is, every single week we get on and say well there was no, oh, all the news broke an hour ago. So Connie details here are that we expect the Uber IPO to hit the Road Show in April or to actually get live in April?

Connie Loizos:
I think it’s got an issue. It’s required public disclosure of the S-1 and launching its Investor Road Show. And after that, I’m not really sure how long it takes. Is it maybe like a week later?


Source: TechCrunch

Pre- and Post-Money SAFEs: Choosing the right one for your startup

With Y Combinator’s Demo Day taking place at Pier 48 in San Francisco next week, its largest batch of companies ever is getting ready to present to an audience of select investors. Having taken Atrium through Demo Day myself, I have first-hand knowledge of the process. When the founders have finished their pitches, the time to talk numbers will closely follow. Chief among the many decisions founders will face during this time is whether to opt for the Pre-Money SAFE or the new Post-Money SAFE, the two standardized legal documents that YC has introduced in recent years.

Both versions are meant to make the process fast, easy and fair for both parties in the early-stage fundraising process. But there are crucial differences between the two that founders should examine carefully.

Essentially, the Pre-Money SAFE is exceptionally favorable to founders because it gets them pre-valuation funding like a convertible note, but debt-free. The Post-Money SAFE sweetens some of the terms for investors, like locking in their percentage ownership in a priced round later on.

Overall, we expect the Post-Money version to become more common, especially if the company is raising a round above $1 million or $2 million, and the investors have more leverage to ask for it in the negotiation.

(Note: This article is aimed at giving founders a general understanding of the changes from Pre-Money SAFEs to Post-Money SAFEs. The information provided is based on my professional experience and opinions, and should not be used without careful consideration and advice by qualified advisors and legal counsel. Also, to learn more and ask questions about Pre and Post-Money SAFEs, join me on April 16th for a webinar where I’ll dive in a bit deeper.)

Two structures for raising startup investment

Today there are two general ways of structuring a startup fundraising round. The first can be called a “priced equity round,” and is characterized by the sale of preferred stock with a fixed valuation.


Source: TechCrunch

Gaming deals: NBA Live 19 for $4, Titanfall 2 for $5, Red Dead Redemption for $10, GTA V for $20 and more – CNET

The game discounts keep on coming.
Source: CNET

Apex Legends is prepping for a big Battle Pass launch

Apex Legends surprised the gaming world two months ago, bringing a new, frenetic dynamic to the Battle Royale genre of games that has already attracted 50 million players.

That first huge milestone didn’t come at a cheap price — EA reportedly paid Ninja $1 million to stream the game. But now the question concerns whether or not Respawn can keep and convert their new, voracious legion of players.

Luckily for Respawn, Fortnite has paved the way when it comes to monetizing this type of game, offering the game itself for free and generating revenue from a virtual items store and a Battle Pass. The Battle Pass concept lets users subscribe to level up and earn skins, camos and other cosmetic items.

Apex Legends, however, has a unique opportunity to make the Battle Pass even more attractive. For now, that opportunity is called Octane.

Octane is rumored to be the game’s Battle Pass character. We know nothing yet for certain, but a datamine and a few allegedly leaked photos have led folks to believe that Octane has a stim-shot style ability that lets him trade movement speed for his health, with another ability that lets him recover that health out of combat situations.

But his rumored ultimate is the one that people are excited about, should the rumors prove true. Octane’s ultimate ability is believed to be a launch pad, that would let the whole team (and enemies, one would assume) bounce around during a fight.

There’s one curious twist. As we wait for the launch of the Battle Pass, Respawn has placed a handful of the very same launchpads into the game around Marketplace on the map. These are static launchpads, but work nonetheless.

This begs the question: are the launchpads simply a static addition to the map itself, or is Respawn testing out the upcoming ultimate ability of Octane? In either case, Octane represents an interesting opportunity for Respawn and the Apex Battle Pass.

Because Apex Legends is built on a hero system, where individual characters bring unique skills, weapons and gear to the game, Apex can offer new hero characters as part of the Battle Pass. This deviates from Fortnite’s suite of virtual products that offer no in-game advantage and are only cosmetic.

A new character, complete with abilities and skills that could lead to your success, can brew up quite a bit of FOMO among folks undecided about the Battle Pass. New content and hopefully more enticing weapon camos should invite a new wave of growth as the core user base is re-invigorated. But balancing that urgency with the time needed to build a polished, beautiful season’s worth of content is a challenge.

Respawn arguably has work to do on the game it already launched. The explosive growth of the game led to serious server issues early on, and lag has continued to infuriate top players.

All that said, Respawn seems to be handling the pressure well, with some believing that the Battle Pass has already been delayed to ensure a polished launch. For now, it’s a waiting game.


Source: TechCrunch

Last chance: Grab these Mario Day Nintendo Switch bundles before midnight – CNET

The sale ends at today. Here are the best places to still get $30 off.
Source: CNET

Walmart slices price on Canon ImageClass MF232W Wi-Fi laser printer

If you don’t need color printing, a monochrome laser printer like the Canon ImageClass MF232W can save you a lot of time and money. This beefy all-in-one Wi-Fi printer is on sale from Walmart for almost half off, letting you score it for only $99 with free two-day shipping.

The post Walmart slices price on Canon ImageClass MF232W Wi-Fi laser printer appeared first on Digital Trends.


Source: Digital trends

This YC-backed startup preps Chinese students for US data jobs

In recent years, data analysts have gone from optional to a career that holds great promise, but demand for quantitative skills applied in business decisions has raced ahead of supply as college curriculum often lags behind the fast-changing workplace.

CareerTu, a New York-based startup launched by a former marketing manager at Amazon, aims to close that talent gap. Think of it as Codecademy for digital marketing, data analytics, product design and a whole lot of other jobs that ask one to spot patterns from a sea of data that can potentially boost business efficiency. The six-year-old profitable business runs a flourishing community of 160,000 users and 500 recruiting patners including Amazon, Google and Alibaba, an achievement that has secured the startup a spot at Y Combinator’s latest batch plus a $150,000 check from the Mountain View-based accelerator.

In a way, CareerTu is helping fledgling tech startups on a tight budget train ready-to-use data experts. “American companies have a huge demand for digital marketing and data talents these days … but not all of them want to or can spend money on training, and that’s where we can come in,” said Xu, who made her way into Amazon after burying herself in online tutorials about digital marketing.

The gig was well paid, and Xu felt the urge to share her experience with people like her — Chinese workers and students seeking data jobs in the U.S. She took up blogging, and eventually grew it into an online school. CareerTu offers many of its classes for free while sets aside a handful of premium content for a fee. 6,000 of its users are actively paying, which translates to some $500,000 in revenue last year. The virtual academy continues to blossom as many students return to become mentors, helping their Chinese peers to chase the American dream.

CareerTu

Y Combinator founder Paul Graham (second left) with CareerTu founder Zhang Ruiwan (second right) and her team members / Photo: CareerTu

Securing a job in the U.S. could be a daunting task for international students, who must convince employers to invest the time and money in getting them a work visa. But when it comes to courting scare data talents, the visa trap becomes less relevant.

“Companies could have hired locals to do data work, but it’s very difficult to find the right candidate,” suggested Xu. LinkedIn estimated that in 2018 the U.S. had a shortage of more than 150,000 people with “data science skills,” which find application not just in tech but also traditional sectors like finance and logistics.

“Nationalities don’t matter in this case,” Xu continued. “Employers will happily apply a work visa or even a green card for the right candidate who can help them save money on marketing campaigns. And many Chinese people happen to have a really strong background in data and mathematics.”

A Chinese business in the US

Though most of CareerTu’s users live in the U.S., the business is largely built upon WeChat, Tencent’s messaging app ubiquitous among Chinese users. That CareerTu sticks to WeChat for content marketing, user acquisition and tutoring is telling of the super app’s user stickiness and how overseas Chinese are helping to extend its global footprint.

And it makes increasing sense to keep CareerTu within the WeChat ecosystem after Xu noticed a surge in inquiries coming from her homeland. In 2018, only 5 percent of CareerTu’s users were living in China, many of whom were export sellers on Amazon. By early 2019, the ratio has shot up to 12 percent.

Xu believes there are two forces at work. For one, Chinese exporters are leaving Amazon to set up independent ecommerce sites, efforts that are in part enabled by Shopify’s entry into China in 2018. The alternative path provides merchants more control over branding, margins and access to customer insights. Breaking up with the ecommerce titan, on the other hand, requires Chinese sellers to get savvier at reaching foreign shoppers, expertise that CareerTu prides itself on.

careertu

CareerTu offers online courses via WeChat / Photo: CareerTu

Next door, large Chinese tech firms are increasingly turning abroad to fuel growth. Bytedance is possibly the most aggressive adventurer among its peers in recent years, buying up media startups around the world including Musical.ly, which would later merge with TikTok. Indeed, some of CareerTu’s recent grads have gone on to work at the popular video app. Rising interest from China eventually paved Zhang’s way home as she recently set up her first Chinese office in her hometown Chengdu, the laid-back city known for its panda parks and witnessing a tech boom.

Just as foreign companies need crash courses on WeChat before entering China, Chinese firms going global must familiarize themselves with the marketing mechanisms of Facebook and Google despite China’s ban on the social network and search engine.

When American companies growth hack, they make long-term plans that involve “model building, A/B testing, and making discoveries from big data,” observed Xu. By comparison, Chinese companies fighting in a more competitive landscape are more agile and opportunist as they don’t have the time to ponder or test out the different variants in a campaign.

“Going abroad is a great thing for Chinese companies because it sets them against their American counterparts,” said Xu. “We are teaching Chinese the western way, but we are also learning the Chinese way of marketing from players like Bytedance. I’m excited to see in a few years whether any of these Chinese companies abroad will become a local favorite.”


Source: TechCrunch

Space Photos of the Week: One Last Piece of the Moon Rock

NASA is releasing some of its last samples from the lunar surface to scientists.
Source: Wired

Weirdest places to find great hi-fi: Craigslist, eBay, or left on the street – CNET

Many a dumpster-diving audiophile scored great finds; others just pick up great gear on the web!
Source: CNET

Jamo's $200 S 803 speakers belt out deeply satisfying bass – CNET

The Audiophiliac puts the Jamo Studio S 803 through its paces, with music and movies.
Source: CNET

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