Category: The Exchange
What happens when Wall Street falls out of love with your sector?
It’s been an awful week for public neoinsurance companies. A subsector of the larger insurtech world, neoinsurance providers tackled a number of insurance categories using a blend of modern app design and machine learning in hopes of creating more user-friendly and profitable insurance products. The idea proved attractive to venture…
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Robinhood’s CFO says it was ready to go public
But the company’s debut is not burning up the stock charts. What happened? Alex Wilhelm 7 hours Robinhood priced at $38 per share this week, opened flat and closed its first day’s trading yesterday worth $34.82 per share, or a bit more than 8% underwater. The company posted a mixed…
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China’s regulatory crackdown is good news for startups aligned with CCP goals
But central planning will tilt business away from certain areas of investment Alex Wilhelm 7 hours Watching the Chinese technology sector over the last week has been a fascinating exercise. The Chinese government took on entire industries like edtech while also coming down on individual companies (Tencent, Meituan) in a…
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China’s expected edtech clampdown may chill a key startup sector
News that China’s government may force domestic tutoring-focused companies to go nonprofit is taking a huge bite out of the value of several technology companies. Bloomberg notes that the value of companies like New Oriental Education & Technology Group and TAL Education are tumbling in light of the news, which…
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India poised for record VC year as unicorns head for decisive IPOs
Public market liquidity and macro tailwinds lift the country’s startup ecosystem Alex Wilhelm Anna Heim 2 days In case you’ve not been paying attention, we’ll say it again: The global venture capital industry is on fire. The second quarter of 2021 was the largest single three-month period on record for…
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Revolut’s 2020 financial performance explains its big new $33B valuation
News broke this morning that Revolut, a U.K.-based consumer fintech player, raised a Series E round of funding worth $800 million at a valuation of $33 billion. Those figures are breathtaking not only due to their sheer scale, but also thanks to their radical divergence from Revolut’s preceding funding event.…
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