Asana numbers likely to be what the market wants

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "(Editor's note: Would you like to receive this weekly overview of news that startups can use? Subscribe here.)"data-reactid =" 11 ">(Editor's note: Would you like to receive this weekly overview of news that startups can use? Subscribe here.)

<p class = "canvas-atom canvas-text MB (1.0em) MB (0) – SM MB (0.8em) – SM" type = "text" content = "Asana may get more attention than the average SaaS company due to The Facebook lineage and the expressed views of its founders make this an inconspicuous, cash-efficient machine in practice. Nowadays, the productivity toolmaker no longer needs to raise cash through a traditional IPO, as we examined this week after submission for a direct listingEven if it didn't collect that much money compared to other unicorns. "data-reactid =" 12 "> Due to the Facebook family tree and the pronounced views of its founders, Asana may get more attention than the average SaaS company, but in practice it is an unobtrusive, cash-efficient machine. Nowadays, the productivity toolmaker doesn't need cash Find out more about a traditional IPO, as we researched this week after submission for a direct listing, although it hasn't raised that much money compared to other unicorns.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Alex Wilhelm dug into public figures on extra crunch To make a sound assessment of the price outlook: "data-reactid =" 13 "> Alex Wilhelm dug into public figures on extra crunch To make a sound assessment of the price outlook:

Assume that Asana passed the $ 100 million ARR mark at the end of 2018. For reasons of discussion, the company saw an expansion rate of 60% after eight quarters with an acceleration in sales growth. Then Asana would have closed in 2019 with an ARR of USD 160 million. (You can easily change the numbers by adjusting them when the company reaches the nine-digit ARR mark and the resulting growth rate.) …

Asana is likely worth more than its final $ 1.5 billion private valuation. Assuming that the ARR can reach a 12-fold sum standard multiple, the company would be worth $ 1.8 billion. If it can do better or is bigger, the value of the company increases quickly.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "contrast Casper's strugglesand One Medical’s somewhat surprising consumer popAsana is a simple bet for good public performance based on traditional SaaS metrics. Stay tuned for next week. "Data-reactid =" 16 "> In contrast Casper's strugglesand One Medical’s somewhat surprising consumer popAsana is a simple bet for good public performance based on traditional SaaS metrics. Stay tuned for next week.

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VCs are still investing money in open source

In this week's investor survey, Arman Tabatabai spoke to 18 of the most active and successful open source investors and developed software on the latest trends. The money flowing into the sector has grown by 10% CAGR in the past five years, and no one he spoke to is planning to slow – in fact, many said the market was underheated or only halfway there. Why? Every company is trying to become a software company more, developers now have to make more adjustments and purchase decisions, and there are countless software problems that still have to be solved.

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Investors in Part 1 of the Extra Crunch Survey:"data-reactid =" 39 ">Investors in Part 1 of the Extra Crunch Survey:

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "The investors in part 2:"data-reactid =" 49 ">The investors in part 2:

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The latest seed funds are even more meta

<p class = "Canvas-Atom Canvas-Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "It seems that everyone wants to invest in tech startups nowadays , including all major corporations or government agencies – and even technology startups. The latest news on this long-standing trend is Cap Table Management's unicorn carta Creation of a separate fund to invest in companies, Given the company's internal data and broad relationships in the industry, this seems to be a good positioning for some hot deals (as long as the customers don't mind the platform). "Data-reactid =" 82 "> It It looks like everyone today wants to invest in technology startups, including large corporations or government agencies – and even technology startups Creation of a separate fund to invest in companies, Given the in-house data and broad relationships in the industry, this seems to be a good positioning for some hot deals (as long as customers don't mind the platform).

<p class = "Canvas Atom Canvas Text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "In the meantime, some successful, currently active founders Start-up capital investment increased: superhuman founder and CEO Rahul Vohra and Eventjoy founder Todd Goldberg teams up to create "The Todd & Rahul Angel Fund" That will put $ 7 million from an LP base of other founders and operators into the work. The associated dollars may be small, but the signaling is likely to be very high. "Data-reactid =" 83 "> In the meantime, some successful, currently active founders will drive up their start-up capital investments, superhuman founder and CEO Rahul Vohra and Eventjoy founder Todd Goldberg team up to create "The Todd & Rahul Angel Fund" That will put $ 7 million from an LP base of other founders and operators into the work. The associated dollars may be small, but the signaling is likely to be very high.

Organized (tech) work

<p class = "Canvas-Atom-Canvas-Text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Silicon Valley investors and founders have unions shunned for decades, but has this rule changed? The rise of gig work, questions about high valuations and future stock prices, the lives of many unicorn startups, and general concerns about technology culture and ethics have changed combined close Some workers take a closer look at unionsas Megan Rose Dickey reported in an ongoing series this week. "data-reactid =" 105 "> Silicon Valley investors and founders have shunned unions for decades by giving employees direct shareholding, but is this changing? The rise questions about high valuations and future stock prices, the bad Life of many unicorn start-ups and general concern about tech culture and ethics combined close Some workers take a closer look at unionswhen Megan Rose reported to Dickey in an ongoing series this week.

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Other workers are now Tech Coops strike this involvement from the start. She also talked to a few people on this front, including a Coop Carpooling helps make more money, "data-reactid =" 106 "> Other workers are now Tech Coops strike this involvement from the start. She also talked to a few people on this front, including a Coop Carpooling helps make more money,

Around the horn

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "This is the reason why so many fintech startups lend to small businesses (EC) data reactid = 108This is the reason why so many fintech startups lend to small businesses (EC)

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Europe risks wasting its global lead on deep tech innovations (TC) data reactid = 109>Europe risks wasting its global lead on deep tech innovations (TC)

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "What can be expected when European VCs are set up? (TC) data reactid = 110>What can be expected when European VCs are set up? (TC)

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Dear Sophie, my H-1B has been renewed, but I am being released (EC) data reactid = 111>Dear Sophie, my H-1B has been renewed, but I am being released (EC)

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Latin America takes global leadership at VC and is aimed at female co-founders (TC) data reactid = 112>Latin America takes global leadership at VC and is aimed at female co-founders (TC)

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Why VCs put money in insurance markets (EC) data reactid = 113Why VCs put money in insurance markets (EC)

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "When a top manager is in a difficult situation, SoftBank's vision looks worse – and there is an abundance of malicious joy (TC) data reactid = 114>When a top manager is in a difficult situation, SoftBank's vision looks worse – and there is an abundance of malicious joy (TC)

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "Why this VC thinks we're headed for a slowdown in the cloud (EC) data reactid = 115>Why this VC thinks we're headed for a slowdown in the cloud (EC)

#EquityPod

<p class = "canvas-atom canvas-text Mb (1,0em) Mb (0) – sm Mt (0,8em) – sm" type = "text" content = "In the wake of this weekAlex and Danny sat down with NEA's Rick Yang, took a closer look at Casper and One Medical, and covered several new funds and fundraises – including further considerations on asana numbers. Try it! "Data reactid =" 117 ">In the wake of this weekAlex and Danny sat down with NEA's Rick Yang, took a closer look at Casper and One Medical, and covered several new funds and fundraises – including further considerations on asana numbers. Listen!



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