Yahoo leaves China, Nubank IPO, B2C expansion advice – TechCrunch
After Nubank dropped off its F-1, Natasha Mascarenhas and Alex Wilhelm dissected the document to learn more about the operations of one of the world’s largest startups.
“With more than 40 million users across Brazil, as well as Mexico and Colombia,” the fintech company’s LTV / CAC ratio is central to its success, they found. Notably, up to 90% of Nubank’s customers have been acquired organically.
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Even with more competitors entering their markets, Nubank’s loyal customers generate a relatively high average monthly income.
As a direct result, his CAC paybacks are relatively short and his “losses don’t even seem close to death,” Natasha and Alex report. “Indeed, they are more modest than expected. “
More and more neobanks are waiting to step on the bridge and take their turn at the bat in an IPO: PicPay, Chime and Monzo are probably the next to enter public markets, but these “new measures could prove that neobanks are finally coming out of their investment phase. . “
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What Netflix’s entry into the game means for developers
Some analysts predict that Netflix will spend as much as $ 19 billion on original and acquired content in 2025, but that figure misses a new frontier for the global media platform: games.
Netflix hired a manager for its games division in July and bought Night School Studio in September, giving it access to more developers.
“It makes you wonder how Netflix’s plans will influence game developers and studios around the world,” writes Sendbird CEO John S. Kim.
“More importantly, how will developers react to Netflix’s entry into space?
As Yahoo exits China, a flow of exits accelerates
As of today, TechCrunch is no longer available to readers in China.
Citing an “increasingly difficult business and legal environment,” Yahoo (our parent company) became the latest global internet brand to leave the country. Microsoft recently decided to make LinkedIn unavailable there, and Epic Games decided to shut down its Fortnite servers in China last month.
This decision is directly linked to the date of entry into force, November 1, of the Personal Information Protection Law of the People’s Republic of China (PIPL).
“Overall, it is clear that international companies and media and the Chinese market are decoupling at an increasingly rapid rate,” write Anna Heim and Alex Wilhelm.
Is China Building the Metaverse?
Given its strengths in areas such as 5G, payments, e-commerce, and related technologies, China may have a strategic advantage when it comes to building the metaverse.
Announced in 2017, many Chinese AI initiatives are starting to bear fruit. Other strengths, such as access to large datasets for AI training and its strong manufacturing infrastructure, could tip the scales.
“It’s not hard to imagine – at least in the short term – that the Chinese version of the metaverse may be the richest experience for consumers and for those who sell to them,” says Catherine D. Henry, SVP Growth at Media.Monks.
When should your B2C startup enter a new market?
Many entrepreneurs say fortune favors the brave, but French microbiologist Louis Pasteur is right: luck favors prepared minds.
Bold is good, but smart is better, especially when it comes to expanding the range of a B2C startup. There are many known unknowns to presenting to clients (not to mention regulators) in a foreign market.
“It may be that, by luck or ingenuity, your business has thrived in your home country with minimal marketing expenses, but there is absolutely no guarantee that this will happen overseas.” , says Jim Mann, director of acquisitions at Thrasio, a consumer goods company.
Shareholders approve Bird-SPAC merger, share drops rapidly
After shareholders of Switchback II Corporation approved its merger with scooter company Bird this morning, its stock fell 20%.
When the deal was announced in June, the company was expected to reach a valuation of $ 2.3 billion after the merger.
“This is precisely what the company will be worth in light of Switchback II’s share price declines, but the number could be lower than the overall figure from the first merger disclosures,” reports Alex Wilhelm.
Get the most out of iOS 15 updates on the App Store
Attentive consumers may notice performance updates in iOS15, but for app developers, the release brings a host of changes to the App Store that includes access to new metrics and updated product pages. up to date.
In an overview that includes suggestions specifically for app developers, Ilia Kukharev, ASO Manager at AppFollow, reviews several features that have been released and previews the upcoming changes.
“There hasn’t been such a big change since the release of iOS 11 over four years ago,” he writes.
The IPO of Backblaze, a test for small technological concerns
Cloud storage company Backblaze tentatively valued its next IPO at between $ 15 and $ 17 per share, valuing it at $ 684.3 million in the upper end of the price range.
This award makes it unique, writes Alex Wilhelm, because while small companies can go public at multiples similar to those of large companies, “one more excuse to avoid IPOs becomes poof.”
Balancing Risks: The Role of Modern Architecture in BNPL’s Playbook
Buy now, pay later, business is exploding. According to one estimate, BNPL now represents $ 100 billion each year.
But companies providing BNPL loans face risks as outdated banking infrastructure leaves loan providers with little visibility into their end customer’s repayment capacity, writes Matt Bivons, CEO and co-founder of Canopy Servicing.
Shifting to a more modern lending service infrastructure can help vendors minimize third-party and merchant risks, while being insured against “unfair practices and the ability to do business with the transparency customers need.” to borrow responsibly ”.
Quick observations on Udemy unicorn edtech IPO
Udemy went public at $ 29 and raised significant capital, but the unicorn’s stock fell 6% on the day it debuted.
The liquidation indicates that Udemy may have to prove that its new focus on corporate activities will generate steady revenue growth, write Alex Wilhelm and Natasha Mascarenhas.
Until that happens, “the valuation of the company looks set to hold on in second gear.”