Hot off the press: "The State of OKRs - Global Enterprise Report"

#1 | Pinterest seeks IPO price below the last private valuation

Social media company Pinterest updated its IPO documents and says that it plans to sell 75 million shares for its debut at a price between $15 and $17. The offering could thus raise anywhere between $1.13 billion to $1.28 billion, not counting additional 11.25 million shares reserved for underwriters Allen & Co., JP Morgan Chase, and Goldman Sachs. Pinterest’s target of $15 to $17 per share gives the company a valuation range below the last private valuation of around $12 billion. One potential reason that explains such a move is that any potential share price surge would make for a more successful IPO. Read more here: http://bit.ly/2UfwMxr  http://http://bit.ly/2UX4Lz7

#2 | A rough road ahead for scooter startups

Investors were only too eager to invest in scooter startups like Bird and Lime prompted by quick ridership growth and international expansion. But the industry might be heading for a turbulent period as its business model shows considerable weakness. Even China-based bikesharing platforms such as Ofo and Mobike that raised billions face financial troubles and were forced to scale back some of their operations. Shalin Mantri, head of product at scooter company Skip, recently said that faced with multiple challenges, the company finds it hard to make money. And despite that, investors were still willing to channel large sums of money into companies that are yet to fully figure out their business model.
Read more here:   http://bit.ly/2Ks61G5 div>

#3 | The impressive growth of Zoom and other video conferencing startups

Following the recent Zoom’s IPO filling, several other video conferencing startups reported significant financial updates. Lifesize, an Austin company that develops video conferencing solutions, announced that it “has surpassed $100 million in bookings with an 80 percent compound annual growth rate (CAGR) for annual recurring revenue (ARR) over the last four years.” BlueJeans, another video conferencing company, says that it “surpassed $100M in annual recurring revenue during the fiscal year that ended January 31”. Given these impressive figures, it’s clear that there’s a massive demand for this type of services and that the market is poised for growth. Read more here:    http://bit.ly/2D7PocK http://bit.ly/2UwbU9P <

#4 | How Matt Blonder overhauled Reebok’s digital strategy

Matt Blonder, Reebok’s global head of digital, revealed some of the challenges he faced upon his arrival at the company in 2017. For instance, the company’s website was slow and dark, geared towards men and with terrible e-commerce experience. In fact, “it hadn’t been touched in eight years”, Blonder says. In the following months, Reebok successfully launched a faster website with strong brand imaging that appeals to both male and female shoppers. Also, Blonder’s team developed a new loyalty program that offers customers valuable content such as workout videos and training programs. He hopes that these and other ongoing efforts will help the company successfully compete with digital-savvy competitors such as Nike.
Read more here: http://bit.ly/2GaQ7KU

#5 | Wall Street willing to make a bet on unprofitable unicorns

Wall Street investors seem less concerned with the profitability of their portfolio tech companies than with market opportunity. Lyft, a ride-hailing company, reported losses of $911 million in 2018 but its IPO was marked with strong investor demand. In other words, Wall Street bets on Lyft’s growth hoping that the company will eventually become profitable. And this is a part of a broader trend as in 2018, for instance, money-losing startups that went public were valued higher than profitable ones. However, not every unprofitable tech company will ultimately turn into Amazon and it remains to be seen for how long investors are willing to bet on companies with negative cash flow.
Read more here:  https://tcrn.ch/2DbxqWL http://bit.ly/2Uuc69L







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