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| |  Image Credits: Nigel Sussman | | Founded in 1994, Corsair Gaming may be one of the oldest unicorns to go public in 2020. In this morning’s edition of The Exchange, Alex Wilhelm pulls apart its S-1 to better understand how a gaming hardware company “has managed to turn the streaming boom into material profit.” According to the numbers, Corsair’s seeing some lift from “a virtuous circle of eSports players, viewers and revenue, catalyzed by the growing proliferation of streaming.” Thanks for reading Extra Crunch — have a great week. Walter Thompson
Senior Editor, TechCrunch
@yourprotagonist Read more | | | |
| |  Image Credits: Colin Hawkins / Getty Images | | Remote learning has seen a renaissance as a result of the pandemic, but the surge of interest and new funding hasn’t addressed the myriad problems identified by parents and teachers. As a result, more investors expect founders to consider the impacts and efficacy of their products and services. "Are they aware of the developmental needs of children? And do they take that seriously?” asked Jennifer Carolan of Reach Capital. Read more | | | |
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| |  Image Credits: Nigel Sussman | | When I began sheltering in place several months ago, I noticed that multiple neighbors accepted delivery of Peleton exercise bicycles in the space of a week. My anecdotal experience aside, “connected fitness is demonstrably hot, and private-market investors are taking notice,” wrote Alex Wilhelm, who used his column yesterday to review multiple funding rounds for connected fitness companies. “Is there really some sort of Peloton effect driving private investment into lots of connected fitness startups?” Read more | | | |
| |  Image Credits: pinstock / Getty Images | | In an excerpt from “Get Funded!: The Startup Entrepreneur's Guide to Seriously Successful Fundraising,” authors John Biggs (editor-in-chief, Gizmodo) and Eric Villines walk founders through the basics of startup funding. “What you think when you hear ‘seed funding’ and ‘A rounds’ might be different from what investors think. You both need to be on the same page as you move forward.” Read more | | | |
| |  Image Credits: Photo by Cathy Scola / Getty Images | | Open since 2017, SaaS Ventures just launched its second $20 million fund that backs companies in manufacturing, trucking and logistics, cybersecurity and e-commerce enablement. To learn more about the firm’s remit — and its focus on companies based in America’s heartland — enterprise reporter Ron Miller interviewed Collin Gutman, a founder and managing partner. “We were really the first ones who said enterprise tech companies are wired differently, and need a different set of early-stage resources,” Gutman said. Read more | | | |
| |  Image Credits: Paul Taylor / Getty Images | | Many app developers assume their 85/15 revenue split with Apple or Google will be a reliable income source. Unfortunately, high churn rates mean this split isn’t as great a benefit as one might hope: if users don’t stick around for at least a year, they don’t get their 85%. Instead of obsessing over rev share, developers should watch how much subscription-based revenue they’re making on a monthly basis. According to this post, “just 16% of apps manage to achieve a take-home rate above 75%.” Read more | | | |
| |  Image Credits: Sittikan Raingkhun/EyeEm / Getty Images (Image has been modified) | | Even though most factory workers are back on the line, the bottlenecks created by COVID-19 are leading many companies to reconsider their manufacturing operations. Now, firms are looking at ways to source products beyond China and renewed interest in robotics and automation is driving product innovation, reports hardware editor Brian Heater. “The pandemic has accelerated the pace at which hardware startups are developing products, because we're learning that you don't need to get on an airplane and fly to Shenzhen in order to pick up the parts that you want to build something with,” said Kate Whitccomb, CEO of Chrysalis Cloud. “That's a huge game changer.” Read more | | | |
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