Posts
2/3/2022: Chart of the Day
This chart is from a must-read piece in the WSJ about the valuation cuts hitting the startup industry. Main takeaway? The 2021 P/S ratio for US tech companies that IPOd was 15.2 vs. 8.1 in 2019 – nearly doubling in 2 years. And this increase didn’t only affect companies that went public — it hit startups, too.…
Read More2/3/2022: Alan’s Angle
Ubering? More Like Cruising SoftBank invested another $1.35B in Cruise, a GM-owned company that’s rolling out an autonomous vehicle ride sharing program, on top of a previous $900M investment. Cruise was founded in 2013 in San Francisco by Kyle Vogt and Dan Kan. They saw early success with an autonomous experience for Audi vehicles on highways, but they…
Read MoreSeismic Growth Skyrockets
Seismic is a fintech that leverages artificial intelligence and personalized content to create more productive interactions between sales teams and buyers. For example, Seismic’s AI-guided platform will gather information based on customer engagement history, like the amount of time a client has spent viewing certain documents or emails, to reveal the next best action to take. The…
Read MoreAI Payment Provider Codoxo Raises $20M
TL;DR: Codoxo, a healthcare SaaS application, closed a $20 million oversubscribed Series B funding round (led by QED Investors). The round supports increased demand for its Forensic AI Platform that addresses fraud and payment integrity issues for healthcare payers. What’s Up Platforms like Codoxo remind me that fintech and healthcare have a lot more in common than expected, and fintech companies…
Read MoreCBDC: Good or Bad for Fintech?
TL;DR: Two big events are happening in China: The Winter Olympics kick off Friday in Beijing and so does a huge push to promote the digital yuan, i.e. the world’s first central bank-backed digital currency (CBDC). China first rolled out the digital yuan in 2019, but opened it up this month to all citizens along…
Read MoreWeek of 2/2/2022: Perpetual’s Perspective
Club CPG Community hit 27 ETH Floor TLDR: Chris Cantino and Jamie Schmidt, founders of Schmidt’s Naturals, started a community about 6 months ago. The goal was to have a curated group of leaders in the CPG community. The Telegram-based community shares deal flow, insights on the industry, and talks shop almost all day. The minimum…
Read More