To learn more about one of the largest startups in the world, Natasha Mascarenhas & Alex Wilhelm deconstructed the F-1 document filed by Nubank.
They found that Brazil has over 40 million users, and Mexico and Colombia have more than 40 million. The fintech company's LTV/CAC ratio is crucial to its success. Nubank customers are almost all organically acquired.
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Nubanks customers who are stuck to their banks have a high average monthly revenue, despite the fact that there are more competitors in their markets.
According to Natasha, Alex, the CAC payback periods of the company are short, and their losses don't seem even close to fatal. They are actually smaller than we expected.
More neobanks have been waiting to join the fray and get their chance at an IPO. PicPay, Chime, and Monzo are the most likely next to go public. However, these new metrics could indicate that neobanks may be moving out of their investing phase.
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What Netflix's move to gaming means for developers
Analysts predict that Netflix will spend $19 billion in 2025 on original and acquired content, but this figure does not include a new frontier for the global media platform: Gaming.
Netflix hired a leader for its gaming division in June and bought Night School Studio in September. This gave it access to more developers.
John S. Kim, CEO of Sendbird, speculates on the impact Netflix's plans have on game developers and studios all over the globe.
What will happen to developers if Netflix enters the space?
Yahoo's exit from China is accompanied by an increasing number of exits
TechCrunch is now unavailable to Chinese readers.
Yahoo, our parent company, was the latest internet brand to leave the country due to the legal and business challenges. Microsoft recently made LinkedIn in China unreachable, while Epic Games shut down Fortnite servers last month.
This move directly relates to the November 1st start date of the Personal Information Protection Law of the Peoples Republic of China.
Taken as a whole it is clear that the Chinese market and international media are becoming increasingly disconnected, according to Alex Wilhelm and Anna Heim.
Is China creating the metaverse?
China might have a strategic advantage in building the metaverse because of its strengths in areas such as 5G, payments and related tech.
Many of China's AI initiatives were announced in 2017. Other trumps, like access to large data sets for AI training, and the robust manufacturing infrastructure could tilt the balance.
It's easy to see that China's version of the metaverse might be a richer experience, at least for the short term, according to Catherine D. Henry, SVP Growth, Media.Monks.
Is it time for your B2C startup to enter a new market
While many entrepreneurs believe fortune favors brave entrepreneurs, Louis Pasteur, a French microbiologist, proved that luck favors the well-prepared mind.
Boldness is great, but smartness is even better when it comes expanding the reach of a B2C start-up. There are many unknowns when it comes to introducing yourself to customers and regulators in foreign markets.
Your business may have been successful in your country due to luck or ingenuity. However, there is no guarantee that it will succeed abroad, according to Jim Mann, director for acquisitions at Thrasio (a consumer goods company).
Stock promptly falls after Bird-SPAC merger is approved by shareholders
The stock of Switchback II Corporation plunged as much as 20% after shareholders approved the merger with Bird, a scooter company.
The company was valued at $2.3 billion when the deal was announced.
This is exactly what the company will be worth given Switchback II's share price drops, but it could be less than the headline figure that early merger disclosures indicated, reports Alex Wilhelm.
Get the best of iOS 15s updates from the App Store
While iOS15 performance improvements may be obvious to consumers, app developers will notice a host of new features in the App Store, including access to updated product pages and metrics.
Ilia Kukharev (head of AppFollow's ASO) reviews the latest features and gives an overview with suggestions for developers.
He writes that there hasn't been such a big change in iOS 11 since it was released more than four years ago.
Backblazes IPO a test case for smaller tech companies
Backblaze, a cloud storage company, has tentatively priced its upcoming IPO at $15 to $17 per share. This values it at $684.3million at the higher end.
Alex Wilhelm writes that this pricing is unique because smaller companies can go public at multiples comparable to larger firms. This gives startups another excuse to avoid IPOs.
Balance risk: The role of modern architecture in the BNPL playbook
The popularity of the "buy now, pay later" strategy is growing rapidly. One estimate states that BNPL accounts for $100 billion annually.
However, BNPL loan companies face risk because of outdated banking infrastructure that leaves loan providers without visibility into end-customers ability and repayment, writes Matt Bivons CEO and co-founder at Canopy Servicing.
Providers can reduce third-party risk and merchant risk by switching to a more modern loan servicing infrastructure. They are also protected against unfair practices and have the ability to do business with customers who borrow responsibly.
Udemys unicorn edtech IPO: Quick observations
Udemy went public for $29 and raised significant capital. However, the stock of the unicorns fell 6% the day it was launched.
Udemy's sale suggests that it may need to prove its new focus on enterprise businesses will result in steady revenue growth. Natasha Mascarenhas and Alex Wilhelm write that this is what Udemy might have to do.
The company's valuation will remain in second gear until that happens.