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Mobile News - Week of September 14, 2020

We are seeing a flood of high growth enterprise tech companies filing for IPO these past few weeks. M
Issue #108  •  September 18  •  View online  •  Suggest a link
The latest news and information about startups and innovations from the mobile world.
We are seeing a flood of high growth enterprise tech companies filing for IPO these past few weeks. My partner Chris did a really throughout analysis on all the S-1 filings for Snowflake, Asana, Unity, SumoLogic, and JFrog.
A few takeaways: 
  • Average number of years to IPO: 11 years
  • Range of number of customers: 2K customers (SomoLogic) - 1.5M customers (Unity)
  • Range of YoY growth rate: 42% (Unity) -132% (Snowflake)
  • Range of Gross Margin: 62% (Snowflake) - 86% (Asana)
  • Range of Revenue: $138M (JFrog) - $700M (Unity) 
For early-stage investment, we often see many small checks into many companies. The real winners of these IPOs are the investors with 20%+ ownership through IPO. These phenomenal firms include — Sequoia, Greylock, and Sutter Hill Ventures.
Here are the top mobile news this week >
  • WeChat Ban
  • TikTok - more drama
  • Nvidia - ARM acquisition / dreams
  • Facebook - Business suite launch
  • Facebook - Hardware bet
  • Google - Stalkerware apps ban
  • Policy - Chip industry incentive
U.S. Bans Chinese Apps TikTok and WeChat, Citing Security Concerns

TikTok Accepts Deal Revisions as Trump Prepares to Review Proposal

Nvidia’s Integration Dreams

Facebook launches Business Suite to link messaging apps

Behind Facebook's giant bet on hardware

Google 'formally' bans stalkerware apps

Chip Industry Wants $50 Billion to Keep Manufacturing in U.S.
Techstars Startup Digest Mobile is curated by:
Edith Yeung Edith Yeung - Partner at 500 Mobile Collective Fund
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