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Mobile News - Week of March 1, 2021

Issue #131 — View online — Suggest a link
Mobile

The latest news and information about startups and innovations from the mobile world.

I can’t believe it’s March already!
Big congrats to Sam and Team Otter.ai for raising Series B led by Spectrum Equity.  I am honored to be an investor and part of their journey since 2016. 
Formerly known as AISense, Otter.ai is the most trusted AI transcription service for business with customers such as Bridgewater, IBM, and Cambridge University. The audio transcription market is estimated to be valued at $31.82 billion by 2025. Otter’s revenue increased by 800% in the past 12 months. Otter has transcribed over 3 billion minutes for 100 million meetings across 230 countries to date.
Otter’s metrics are certainly impressive as a Series B company. As an investor focusing on early-stage companies, I also like to evaluate and focus on other SaaS metrics including:
Acquisition
  • Leads
  • Virality
Activation
  • New registered users  
Retention
  • Daily active users (DAU)
  • Weekly active users (WAU)
  • Monthly active users (MAU)
  • Usage (time) per session 
  • Churn 
Monetization
  • Free to pay user conversion 
  • Deal size
  • Renewal rate
  • Monthly recurring revenue
  • Annual recurring revenue
  • Average revenue per user (ARPU)
  • Customer life time value (LTV)
What other SaaS metrics do you keep track of? 
P.S. I am hosting Harry Man, Partner at Matrix Partners at 5 pm PST on Monday (March 9 at 9 am HKT) at FoundersHK to talk about fundraising, investment, SPAC and what’s happening in China. Harry invested in many unicorns including  Didi, Momo (Nasdaq: MOMO), 21Vianet (Nasdaq:VNET) and many Chinese unicorns. 
Here are the top mobile news this week >
  • Google - No browsing habits tracking
  • Apple - Arizona enables 3rd party app payment
  • Apple - EU to press charges
  • Study - Apps data leak from the Cloud 
  • Statistics - Business productivity apps see 7.1B downloads

Google announces major shift away from precision-targeting of ads based on everything you do on the internet
Arizona advances bill forcing Apple to allow Fortnite-style alternative payment options
EU to press charges against Apple over ‘unfair’ App Store rules
Thousands of Android and iOS Apps Leak Data From the Cloud
Mobile business and productivity apps see 7.1 billion downloads in 2020
Techstars Startup Digest Mobile is curated by:
Edith Yeung Edith Yeung - General Partner at Race Capital
edith.yeung@startupdigestmail.com
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