The TechCrunch Exchange: What’s an IPO to a SPAC?

by admin July 26, 2020 at 6:19 am




The TechCrunch Exchange: What’s an IPO to a SPAC? – TechCrunch































ntn”,”protected”:false},”excerpt”:”rendered”:”

Whether youu2019re an early-stage startup founder, investor, enthusiast or another integral member of the community, you canu2019t afford to miss Disrupt 2020 u2014 THE tech conference at the epicenter of the startup ecosystem. Hereu2019s something else you canu2019t afford to miss u2014 early-bird pricing. Buy your pass before July 31 at 11:59 p.m. PT and […]n”,”protected”:false,”author”:70113879,”featured_media”:2021204,”comment_status”:”open”,”ping_status”:”closed”,”sticky”:false,”template”:””,”format”:”standard”,”meta”:”outcome”:””,”status”:””,”crunchbase_tag”:0,”amp_status”:””,”relegenceEntities”:[],”relegenceSubjects”:[],”carmot_uuid”:”20ca2710-2b86-3e35-8ba5-76c5712331b4″,”categories”:[426985170,20429],”tags”:[36525172],”crunchbase_tag”:[],”tc_stories_tax”:[],”tc_event”:[576703170],”jetpack_featured_media_url”:”https://techcrunch.com/wp-content/uploads/2020/07/Disrupt-2020-Illustration.png”,”shortlink”:”https://tcrn.ch/3jBtLoT”,”rapidData”:”pt”:””,”pct”:””,”featured”:false,”subtitle”:””,”fundingRound”:false,”seoTitle”:””,”seoDescription”:””,”premiumContent”:false,”premiumCutoffPercent”:1,”tc_cb_mapping”:[],”associatedEvent”:”ad”:”display”:true,”title”:”Experience a whole new digital Disrupt with the Digital Pro Pass – Prices increase next week”,”override_link”:”https://techcrunch.com/events/disrupt-sf-2020/tickets?utm_medium=articlepromo&utm_campaign=disruptsf2020&utm_content=&utm_source=tc&promo=articlepromo&display=”,”date”:1600041600,”link”:”https://techcrunch.com/events/disrupt-sf-2020/”,”status”:”pre”,”title”:”Disrupt 2020″,”termID”:576703170,”event”:1888488,”authors”:[70113879],”hideFeaturedImage”:false,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts/2020327″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/types/post”],”replies”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/comments?post=2020327″],”version-history”:[“count”:9,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/2020327/revisions”],”predecessor-version”:[“id”:2021460,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/2020327/revisions/2021460″],”authors”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/70113879″],”https://techcrunch.com/edit”:[“href”:”https://techcrunch.com/wp-admin/post.php?post=2020327&action=edit”],”author”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/70113879″],”wp:featuredmedia”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/media/2021204″],”wp:attachment”:[“href”:”https://techcrunch.com/wp-json/wp/v2/media?parent=2020327″],”wp:term”:[“taxonomy”:”category”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/categories?post=2020327″,”taxonomy”:”post_tag”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tags?post=2020327″,”taxonomy”:”_tc_cb_tag_taxonomy”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/crunchbase_tag?post=2020327″,”taxonomy”:”tc_stories_tax”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_stories_tax?post=2020327″,”taxonomy”:”tc_event”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_event?post=2020327″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true],”_embedded”:{“authors”:[“id”:70113879,”name”:”Alexandra Ames”,”url”:””,”description”:””,”link”:”https://techcrunch.com/author/alexandra-ames/”,”slug”:”alexandra-ames”,”avatar_urls”:”24″:”https://secure.gravatar.com/avatar/e18def9ac0435573e259c917d8cf7246?s=24&d=identicon&r=g”,”48″:”https://secure.gravatar.com/avatar/e18def9ac0435573e259c917d8cf7246?s=48&d=identicon&r=g”,”96″:”https://secure.gravatar.com/avatar/e18def9ac0435573e259c917d8cf7246?s=96&d=identicon&r=g”,”links”:”crunchbase”:”https://www.crunchbase.com/person/alexandra-ames”,”position”:”Sr. Marketing Manager”,”cbDescription”:””,”cbAvatar”:”https://crunchbase-production-res.cloudinary.com/image/upload/v1456185497/eexgqcxbjbudqhobsoli.jpg”,”twitter”:””,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users/70113879″],”collection”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users”]],”author”:[“id”:70113879,”name”:”Alexandra Ames”,”url”:””,”description”:””,”link”:”https://techcrunch.com/author/alexandra-ames/”,”slug”:”alexandra-ames”,”avatar_urls”:”24″:”https://secure.gravatar.com/avatar/e18def9ac0435573e259c917d8cf7246?s=24&d=identicon&r=g”,”48″:”https://secure.gravatar.com/avatar/e18def9ac0435573e259c917d8cf7246?s=48&d=identicon&r=g”,”96″:”https://secure.gravatar.com/avatar/e18def9ac0435573e259c917d8cf7246?s=96&d=identicon&r=g”,”links”:”crunchbase”:”https://www.crunchbase.com/person/alexandra-ames”,”position”:”Sr. Marketing Manager”,”cbDescription”:””,”cbAvatar”:”https://crunchbase-production-res.cloudinary.com/image/upload/v1456185497/eexgqcxbjbudqhobsoli.jpg”,”twitter”:””,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users/70113879″],”collection”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users”]],”wp:featuredmedia”:[“id”:2021204,”date”:”2020-07-24T05:51:47″,”slug”:”disrupt-2020-illustration”,”type”:”attachment”,”link”:”https://techcrunch.com/2020/07/24/early-bird-savings-for-disrupt-2020-ends-next-week/disrupt-2020-illustration/”,”title”:”rendered”:”Disrupt 2020 Illustration”,”author”:70113879,”license”:””,”authors”:[70113879],”caption”:”rendered”:””,”alt_text”:””,”media_type”:”image”,”mime_type”:”image/png”,”media_details”:”width”:1328,”height”:695,”file”:”2020/07/Disrupt-2020-Illustration.png”,”sizes”:”thumbnail”:”file”:”Disrupt-2020-Illustration.png?resize=150,79″,”width”:150,”height”:79,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/07/Disrupt-2020-Illustration.png?w=150″,”medium”:”file”:”Disrupt-2020-Illustration.png?resize=300,157″,”width”:300,”height”:157,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/07/Disrupt-2020-Illustration.png?w=300″,”medium_large”:”file”:”Disrupt-2020-Illustration.png?resize=768,402″,”width”:768,”height”:402,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/07/Disrupt-2020-Illustration.png?w=1024″,”large”:”file”:”Disrupt-2020-Illustration.png?resize=680,356″,”width”:680,”height”:356,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/07/Disrupt-2020-Illustration.png?w=680″,”guest-author-32″:”file”:”Disrupt-2020-Illustration.png?resize=32,32″,”width”:32,”height”:32,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/07/Disrupt-2020-Illustration.png?w=32&h=32&crop=1″,”guest-author-50″:”file”:”Disrupt-2020-Illustration.png?resize=50,50″,”width”:50,”height”:50,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/07/Disrupt-2020-Illustration.png?w=50&h=50&crop=1″,”guest-author-64″:”file”:”Disrupt-2020-Illustration.png?resize=64,64″,”width”:64,”height”:64,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/07/Disrupt-2020-Illustration.png?w=64&h=64&crop=1″,”guest-author-96″:”file”:”Disrupt-2020-Illustration.png?resize=96,96″,”width”:96,”height”:96,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/07/Disrupt-2020-Illustration.png?w=96&h=96&crop=1″,”guest-author-128″:”file”:”Disrupt-2020-Illustration.png?resize=128,128″,”width”:128,”height”:128,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/07/Disrupt-2020-Illustration.png?w=128&h=128&crop=1″,”concierge-thumb”:”file”:”Disrupt-2020-Illustration.png?resize=50,26″,”width”:50,”height”:26,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/07/Disrupt-2020-Illustration.png?w=50″,”full”:”file”:”Disrupt-2020-Illustration.png”,”width”:1024,”height”:536,”mime_type”:”image/png”,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/07/Disrupt-2020-Illustration.png”,”image_meta”:”aperture”:”0″,”credit”:””,”camera”:””,”caption”:””,”created_timestamp”:”0″,”copyright”:””,”focal_length”:”0″,”iso”:”0″,”shutter_speed”:”0″,”title”:””,”orientation”:”0″,”keywords”:[],”filesize”:895074,”source_url”:”https://techcrunch.com/wp-content/uploads/2020/07/Disrupt-2020-Illustration.png”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/media/2021204″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/media”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/types/attachment”],”replies”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/comments?post=2021204″],”author”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/70113879″]],”wp:term”:[[“id”:426985170,”link”:”https://techcrunch.com/tc-events/”,”name”:”Events”,”slug”:”tc-events”,”taxonomy”:”category”,”parent”:0,”rapidData”:”pt”:””,”pct”:””,”submenu_categories”:[],”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/categories/426985170″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/categories”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/category”],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?categories=426985170″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=426985170″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?categories=426985170″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true],”id”:20429,”link”:”https://techcrunch.com/startups/”,”name”:”Startups”,”slug”:”startups”,”taxonomy”:”category”,”parent”:0,”rapidData”:”pt”:””,”pct”:””,”submenu_categories”:[],”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/categories/20429″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/categories”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/category”],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?categories=20429″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?categories=20429″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?categories=20429″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true]],[“id”:36525172,”link”:”https://techcrunch.com/tag/tc-disrupt/”,”name”:”tc disrupt”,”slug”:”tc-disrupt”,”taxonomy”:”post_tag”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tags/36525172″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tags”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/post_tag”],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?tags=36525172″,”href”:”https://techcrunch.com/wp-json/wp/v2/battlefield-companies?tags=36525172″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc-media-gallery?tags=36525172″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?tags=36525172″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true]],[],[],[“id”:576703170,”link”:”https://techcrunch.com/event-type/disrupt/disrupt-sf-2020/”,”name”:”Disrupt 2020″,”slug”:”disrupt-sf-2020″,”taxonomy”:”tc_event”,”rapidData”:”pt”:””,”pct”:””,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tc_event/576703170″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/tc_event”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/taxonomies/tc_event”],”up”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_event/579419″],”wp:post_type”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts?tc_event=576703170″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_events?tc_event=576703170″,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_video?tc_event=576703170″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true]]]}}],”ec”:[{“id”:2021196,”date”:”2020-07-24T06:37:42″,”date_gmt”:”2020-07-24T13:37:42″,”guid”:”rendered”:”https://techcrunch.com/?p=2021196″,”modified”:”2020-07-24T06:37:42″,”modified_gmt”:”2020-07-24T13:37:42″,”slug”:”are-insurtech-startups-undervalued”,”status”:”publish”,”type”:”post”,”link”:”https://techcrunch.com/2020/07/24/are-insurtech-startups-undervalued/”,”title”:”rendered”:”Are insurtech startups undervalued?”,”content”:{“rendered”:”

On the heels of Hippo’s funding roundu00a0and our exploration of how the private markets appear to be more conservative than public investors at the moment, we’re asking a new question: are a bunch of insurtech startups undervalued?n

Hippo — an insurtech startup focused on home insurance — put together a $150 million round at a $1.5 billion post-money valuation after growing its gross written premium to $270 million “in the past 12 months.” At that valuation, and at pre-adjustment premium scale, Hippo is super-cheap compared to Lemonade, another venture-backed insurtech startup that just went public.n


n

The Exchange explores startups, markets and money. You can read it every morning on Extra Crunch, or receive it for free in your inbox. Sign up for The Exchange newsletter, which drops Saturdays starting July 25.n


n

There’s no need to relitigate Hippo’s valuation and how the private markets have valued the firm. But our work yesterday does give us the chance to do some fun math on other players in the neo-insurance space, namely, Rootu00a0and MetroMile. Using data accrued from financial filings and valuation data from Pitchbook and Crunchbase, we can grok how much the two firms are worth using Hippo’s and Lemonade’s current premium multiples.n

""If you aren’t familiar, the cohort of startups we’re looking at have raised well over $1 billion as a group; VCs really believe in them. How they are priced then, and how they exit, will help determine the results of many a venture fund.n

So, are other players in the startup insurance market cheap at their last private price when compared to Lemonade and Hippo? Did their venture backers overpay? Let’s find out.n

Cheap? Expensive?

Source link

more news from the blog

Add Comment