Deliveroo and TripActions funding rounds, Netflix Q4 financials, Apple VR/AR ambitions, The ultimate PMF guide, PM principles, Preventing burnout, & more

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🎰 The week in figures

$250B: WeChat says it facilitated ~$250B in mini-program transactions last year, up ~100% over 2019; the company’s app platform enables users to hail rides, order food, etc; WeChat also said mini-games on the platform collectively claimed 500M-plus monthly active users

$10B: Criminal activity represented $10B in crypto payments last year, or 0.34% of all crypto spending, Chainalysis estimates; compares to $21.4B, or 2.1% , in 2019; scams represented the majority of crypto-crime-related spending last year at $2.6B; …


User Journey Mapping, WhatsApp privacy, Alexa Custom Assistant, Future MacBook Pros, Windows 10x, Checkout.com and Grab Financial funding & more

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🎰 The week in figures

$4B: Sequoia Capital has purchased a stake in app automation platform Zapier via the secondary market; Sequoia purchased the shares from Zapier’s founders, valuing the firm at more than $4B; Zapier, which was part of YC S12, has previously raised $1.3M seed

$1.75B: Zoom ($111B market cap) raises $1.75B …


Kickstarting A/B testing, Hyundai+Apple EV, Facebook’s smart glasses, European unicorns, Amazon data, Improving user-centered-design & more

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🎰 The week in figures

$800B: Tesla’s market cap passes $800B for the first time as shares jump more than 7%; CEO Elon Musk, who holds a 21% stake in the company, became the world’s richest man this week, with $188B in personal wealth; Tesla stock represented ~$170B of Musk’s net worth at one point on Friday

$64B: Apple’s App Store saw ~$64B in gross sales last year; up from an estimated $48.5B in 2018 and $50B in 2019; revenue grew 28% during 2020, compared to 3.1% in 2019; the company recently revealed that customers spent $1.8B …


Streaming platforms growth, Endowed progress effect, UX heuristics, The Product/Feature line, Amazon buys Wondery, 2021 tech predictions & more

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🎰 The week in figures

$14.4B: Experience management company Qualtrics files for IPO, seeks valuation of $12B-14.4B; SAP acquired the company for $8B in 2018, as Qualtrics prepared to go public; SAP announced last July it would spin out Qualtrics with plans for a listing; SAP will own ~80 % of outstanding shares following the debut, which is expected early next year

$9.3B: Indian startups have collectively raised $9.3B in 2020; represents the first time since 2016 that India-based firms have secured less than $10B in funding; last year Indian companies raised $14.5B; there were ~1k deals in 2020, which compares with almost 1.2k …


Apple cars, Zoom email & calendar, Product portfolios, The API economy, Daniel Ek interview, How Amazon thinks about competition, marketplaces & more

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🎰 The week in figures

$100B: Xiaomi’s market cap passes $100B; the company first targeted a $100B valuation when it went public in mid-2018, but it debuted at ~$50B; Xiaomi’s share price has more than doubled since it listed on Hong Kong’s Hang Seng Index this year

$420M: New York City-based Peloton ($42B market cap) acquires WA-based fitness equipment manufacturer Precor in deal worth $420M; Precor serves consumer and commercial markets, providing strength-training gear, stationary cycles, treadmills, and more; the deal gives Peloton an additional 625k square feet of manufacturing space in the US and new opportunities with gym chains, hotels, and other businesses Precor…


New Twitter features, Bolt funding, Coinbase IPO, Bitcoin growth, Alexa live translation, Facebook’s booking service, Mobile UX trends & more

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🎰 The week in figures

$660M: Zomato raises $660M Series J for a $3.9B post-valuation; the company began the round last year; Zomato is also in the process of closing a $140M secondary transaction; Zomato acquired Uber’s Indian food delivery service this year and plans to go public next year; raised ~$1.6B to date

$400M: Didi Chuxing’s on-demand trucking unit plans to raise as much as $400M in its first funding round; Didi Freight is aiming for a valuation as high as $2B; Didi Freight launched in June of this year; it currently operates across eight Chinese…


Airbnb IPO, Apple Fitness+ launch, User story mapping, Uber sells its self-driving and flying taxi units, DIY user testing, Disney+ growth & more

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🎰 The week in figures

$920M: Hyundai has acquired robotics firm Boston Dynamics from SoftBank for ~$920M; SoftBank purchased the company from Alphabet in 2017

$730M: CISCO ($187.5B market cap) acquires UK-based cloud communications firm IMImobile for ~$730M; IMImobile offers customer interaction tools to enterprise customers

$155M: Scale AI, which provides a platform that augments data for AI model training, raises $155M Series D at a $3.5B valuation; claims Airbnb, DoorDash, and OpenAI as customers; charges according to the volume of data processed; the company more than doubled its ARR YoY in Q3 and has reached breakeven; raised $278M to…


Grob<>Gojek merger, Spotify’s playlist videos, Product Ops pitfalls, Facebook News UK launch, Best of 2020 apps, Smooth navigation experiences, & more

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🎰 The week in figures

$35B: Airbnb plans to price its IPO at $44-50 / share, implying a valuation of up to ~$35B and a ~$2.75B raise; investors valued Airbnb at $31B early this year, but the company later raised emergency funding at an $18B valuation due to the pandemic; Airbnb plans a roadshow over the next week, and to list on the Nasdaq under the symbol “ABNB”

$35B: DoorDash raises its IPO price range to $90-$95 per share, increasing its target raise from $2.8B to $3.1B; the top of the new range would give the company a fully diluted market value of $35B; DoorDash plans to trade under the ticker symbol…


Salesforce to acquire Slack, Google’s crowdsource tasks app, How Uber makes money, Go-to-market fundamentals, Pitch deck examples, Financial ecosystems, & more

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🎰 The week in figures

$100B: Fintech firm Stripe is looking to raise new funds at a valuation of up to $100B; the payments company was last valued at $36B; the report notes Stripe is well capitalized and may not move forward with the funding round

$7B: Discord is raising funds at a $7B valuation; the company raised $100M at a $3.5B reported valuation in June; as the pandemic has driven usage, Discord has expanded its voice and video capacity by 200%, added features to simplify server creation and video communication, and a Safety Center to combat hate speech and more; raised $380M to…


Twitter ephemeral messages, Strava funding, Amazon Pharmacy and smart glasses, Microsoft Teams Apps, Lightweight JTBD, & more

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🎰 The week in figures

$3.6B: Baidu ($50B market cap) to acquire livestream business YY.com from JOYY for $3.6B in cash; YY claims 4M paid users; platform influencers often sell goods via the app; YY also owns a ~$1.45B stake in Singapore-based Bigo, which operates two streaming apps outside China; the deal only includes YY’s Chinese business

$270M: Beijing-based PingCAP, which develops the NewSQL TiDB, raises $270M Series D; the open-source platform, which handles hybrid transactional and analytical processing, targets high-growth companies and claims Square, Shopee, and Dailymotion as users; raised $342M to…

About

Angel Jaime

Full-time learner, product stuff, “triathlete” & global traveller. Creating cool products @ Revolut, formerly @ Booking.com and @ Just Eat.

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