When Zoom hits public markets on Thursday, the IPO, A huge 81 percent, Everyone's floor, including its own CEO, Eric Yuan.
Yuan became a billionaire this week when his work on the online video conference became public. Tell Bloomberg He had already hoped that his stock would be very high. I think his humbleness and laser focus has attracted Wall Street to his stocks; well, that, and the fact that his work is in fact profitable. It is, proved this week, not your CEO of medium technology.
I spoke briefly with him on the day of listing. Here's what he said.
I think the future is very bright and the share price will follow our implementation. Our philosophy remains as it is now that we have become a public company. Philosophy, first and foremost, is that you must focus on implementation, but how do you do it? For me as an executive, my first role is to make sure that Zoom customers are happy. Our market is growing and if our customers are happy they will pay for our services. I do not think anything will change after the IPO. We probably have a better brand because we are a public company now, it's a new milestone. "
"The dream has become a reality."
For the most part, it seemed like Yuan just wanted to go back to work.
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Did you think I did with the IPO? Definitely not:
- Pinterest IPO completed this week too! Here's TLDR: Pinterest 25 percent rose for the first time Thursday and is currently trading at 28 percent. Not bad, pinterest, not bad.
- Quickly, the startup I never heard of until this week, presented his report S-1 And display them A beautiful way of profitability. This means that the process of IPOs is not over yet.
- Uber … Surprisingly, no news Uber IPO this week. Sit tight, and more definitely coming.
While you're on the Uber theme, the Independent Vehicle Unit of the company, in fact, Collect $ 1 billion, A news item that was previously reported but confirmed this week. Funded by Toyota, Denso and SoftBank's Vision Fund, Uber will develop its own self-driving unit, called Uber & # 39; s Advanced Technologies Group. ATG is worth $ 7.25 billion.
TechCrunch staff traveled to Berkeley this week for a one-day conference on robots and artificial intelligence. Specified? CEO of Boston Dynamics Mark Reibert Debut version of their buzzworthy electric robot production. As we noted last year, the company plans to produce about 100 models of the robot in 2019. He said the company aims to start production in July or August. There are now robots coming out of the assembly line, but they are used in beta testing, and the company is still redesigning. Price details will be announced this summer.
Despite the remarkable tours of digital health companies such as RO, Known as direct erectile dysfunction drugs for the consumerInvesting in Digital Health In fact, Reports John Chan-Schipper of TechCrunch. Adventurous investors, private equity and companies turned $ 2 billion into emerging digital health companies in the first quarter of 2019, down 19 percent from $ 2.5 billion invested a year ago. There were 38 fewer deals in the first quarter of this year compared to last year, when investors supported 187 digital health companies in the early stages, according to data from the Mercom Capital Group.
Byton loses co-founder and former CEO, reported the C 500M series to close this summer
Lyric brings together $ 160 million from VCs, Airbnb
Brex, the credit card for start-ups, raises a $ 100 million debt tour
Ro, a D2C online pharmacy, is worth $ 500 million
Start logistics Zencargo get 20 million dollars to take over shipping business
Co-Star brings in $ 5 million to bring Astrology to Android
Y Combinator grad Fuzzbuzz drops $ 2.7 million in a seed tour to offer seduction as a service
Hundreds of millions of dollars of venture capital went to emerging companies in technology last year, leading to a tremendous growth this decade. VCs are reviewing more floors than ever before, as more people are building businesses and trying to get a slice of financing opportunities. So how can you do it in such a competitive landscape? Narrated my story. Read the latest Ross Headlestone news for the participant on ExtraCrunch: The data tells us that investors love a good story.
Finally, the first of a new series on VC-supported exits is appropriately named director. Lucas Matney from TechCrunch spoke to Adam Fisher about Bessemer Venture Partners Dynamic Yield's $ 300 million exit to McDonald's.
If you enjoy this newsletter, be sure to check out the TechCrunch, Equity podcast. In this week's episode, available Here, Editor of Crunchbase News, Alex Wilhelm, and I'm talking about tours to Breaks, Row and Kindbody, as well as special guest Danny Crichton joined us to discuss the latest in the world of chips and sensors.