- Uber, Lyft, and a multitude of other gig worker platforms are having a harder time attracting workers on the platform.
- Blend recently filed their S-1 to go public and Alex Johnson wrote a great teardown of the filing including the two big bets Blend is making to expand their TAM.
- Github recently released Copilot which gives suggestions for code directly inside your editor, and the reception has been controversial to say the least.
- Circle, best known for their USDC stablecoin product, filed to go public via a SPAC at a $4.5B valuation. For 2021, Circle is projecting $115M in revenue, $35B in circulation for USDC, with the vast majority of all revenue generated via interest on their accounts.
Robhinhood recently filed their S-1 to go public and I wrote a short teardown of the filing. A short summary in emoji form is below:
💰 18M total funded accounts
📈 $959M in revenue (2020)
🏦 $81B of assets under custody
♻️ 80% of their revenue through payment for order flow
⚠️ 34% of revenue comes from Citadel
💲ARPU is $137
₿ Crypto trading grew 23x
🐶 Dogecoin was 34% of Crypto Rev