Sometimes, startupland surprises me.
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Last week I wrote about聽the trend of crowd-sourced spreadsheets popping up amid layoffs聽at tech companies. And then, thanks to you wonderful readers, I learned about another trend:聽stigma-fighting communities finding silver linings in job cuts. Think a Slack dedicated to referrals, due diligence on companies and empathy.聽Read my story, it was a treat to report on and showed me some of the humanity happening behind the scenes. Best of luck to聽everyone on the job hunt.
Now let鈥檚 go into some SaaSy news: Mary Ann told us how聽the new cool in the startup world is increasingly less about valuations聽and more about profitability. And if you have the appetite for more musings on venture capital and startup trends, Gene聽pulled out some key takeaways from the 2019 Seed Series.
Even with SoftBank-backed belt tightenings happening across the Valley, the Japanese conglomerate isn鈥檛 quite yet spent. Mexico鈥檚聽AlphaCredit landed $125 million in a SoftBank-led Series B. Other predictable funding news continued as聽Visa invested in another startup, this time as part of a larger $80 million round聽for a cross-border payments company.
Venture capitalists also cut checks for a wide variety of sectors, from a startup that wants to be the聽鈥楢irbnb of storage鈥聽to a聽telemedicine management company聽to a聽Texas-based restaurant tech startup. We snapshotted bigger trends with a piece on聽automaker startup funding聽and a look at how聽privacy and security companies raised almost $10 billion last year. Also don鈥檛 forget our聽nod to European unicorns from 2019.
We also had some positive IPO news to end a tough January, with聽One Medical鈥檚 stock surging on the first day of trading. It鈥檚 been a while since I鈥檝e seen the word 鈥減op鈥 in a story.
With that, we鈥檒l close out the month. Thanks all, as always, and feel free to send us tips on venture capital and startup trends at聽newsteam@crunchbase.com.
Happy February,
N
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滨濒濒耻蝉迟谤补迟颈辞苍:听
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