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Mobile News - Week of July 6, 2020. API went IPO

One of my companies, Agora.io, went IPO on NASDAQ two Fridays ago with the ticker API (I love the tic
Issue #98  •  July 10  •  View online  •  Suggest a link
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The latest news and information about startups and innovations from the mobile world.
One of my companies, Agora.io, went IPO on NASDAQ two Fridays ago with the ticker API (I love the ticker name!)
Tony Zhao, founder and CEO of Agora.io is one of the most underrated CEOs. He founded Agora in 2014, with a vision to provide the best voice and video as a service to developers worldwide. Think Zoom + Twilio as a service. Tony was the founding engineer at WebEx, the grandfather of all video conferencing. 
What does the rise of Agora really mean for the industry?
As Fred Wilson would say apps inspire infrastructure, then infrastructure enables new apps. Every decade, we see one major platform shift because of one breakout app. Facebook for 2000s. WhatsApp for 2010s. Zoom for 2020s. 
These breakout apps inspire a period where we build infrastructure that makes it easier to build similar apps, and infrastructure that allows the broad consumer adoption of those apps. After all, not everyone feels comfortable running their entire business on Zoom. 
In this case, Agora.io empowers over 180,000 apps including:
  • New social app - online dating
  • Education - COVID savior 
  • Entertainment - online karaoke (oh yes there is such thing!)
  • Gaming - more Twitchs are coming
  • Enterprise (sales, customer service, collaboration) 
  • Financial services 
  • Healthcare 
Congrats to Tony, Reggie, and your amazing team for the successful IPO yesterday. I am honored to play a small part in your journey. To the video-first future!
Here are the top mobile news this week >
  • App revenue - $50B!
  • Statistics - 14 billion games were downloaded
  • Apple - Web API privacy issues
  • India - China app ban
  • India - Foxconn to invest $1 billion in India
  • Uber - Postmate acquisition
  • Meme - 👁👄👁
  • T-Mobile - Shuts down Sprint’s 5G network
  • Quibi - 10% retention. That sucks
Global app revenue jumps to $50B in the first half of 2020, in part due to COVID-19 impacts

Coronavirus impact sends app downloads, usage and consumer spending to record highs in Q2

Apple declined to implement 16 Web APIs in Safari due to privacy concerns

TikTok, Shareit, UC Browser among 59 Chinese apps banned by India as border tensions simmer in Ladakh

Apple supplier Foxconn to invest $1 billion in India

Uber Makes Offer to Buy Postmates Delivery Service

The 'Eye Mouth Eye' Debacle Sums Up Tech's Race Issues

T-Mobile shuts down Sprint’s 5G network as the two carriers continue to integrate

Quibi reportedly lost 90% of early users after their free trials expired
Techstars Startup Digest Mobile is curated by:
Edith Yeung Edith Yeung - Partner at 500 Mobile Collective Fund
edith.yeung@startupdigestmail.com
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