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Compass files S-1, reveals $3.7B in revenue on net loss of $270M

TechCrunch

Given the startup’s agency model, most of that revenue is paid out directly to the firm’s agents, who netted about $3 billion in commissions in 2020. Compass posted a net loss of $270 million in 2020, a net loss roughly in line with what it has experienced in the past two years.

.Net 260
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Neobanks’ moves toward profitability could be the path to public markets

TechCrunch

The Exchange explores startups, markets and money. But despite our general inclination to lump banking-focused fintech providers that serve consumers, business customers or both into a single bucket, there’s wide divergence in how the various neobank players are performing in the market. Nubank has raised $2.3 On and on and on.

Marketing 260
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Wish files to go public with 100M monthly actives, $1.75B in 2020 revenue thus far

TechCrunch

Wish’s S-1 (which is filed under its corporate name ContextLogic) is of particular interest given that COVID-19 and the global pandemic have changed consumer behavior around the world in 2020. Looking back in time, Wish saw its revenue growth slow in 2019, before expanding much more quickly in 2020. billion and $1.73

eCommerce 294
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Here’s how fast a few dozen startups grew in Q3 2020

TechCrunch

The Exchange explores startups, markets and money. “Revenue for the first three quarters of 2020 is 11X our origination 2020 plan, and 18X versus the same period in 2019,” he said in an email. Bank digitization, O’Malley says, which has “been forced to happen rapidly and dramatically” in 2020.

Fintech 284
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The air taxi market prepares to take flight

TechCrunch

Taking an eVTOL from design through to manufacturing and certification will likely cost about $1 billion, Mark Moore, then-head of Uber Elevate, estimated in April 2020 during a conference held by the Air Force’s Agility Prime program. Archer spent $21 million in R&D in 2020, according to regulatory filings.

Marketing 277
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Airbnb files to go public

TechCrunch

ai themselves filed to go public in what could be a rush to the public markets by richly valued startups. What changed from the first three quarters of 2019 to the first three quarters of 2020? million in the same period of 2020. So, where will Airbnb wind up in 2020 once it’s all done?

.Net 359
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Lime touts a 2020 turnaround and 2021 profitability

TechCrunch

There was a time when Bird and Lime, competing domestic scooter rental companies, were raising capital at a torrid pace , fighting for market share, regulatory breathing room and sidewalk real estate. It turns out, Lime is basing this projection on EBIT, as opposed to more traditional net income.