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Rapid growth in 2020 reveals OKR software market’s untapped potential

TechCrunch

After OKR-focused Gtmhub announced its $30 million Series B the other day , The Exchange reached out to a number of OKR-focused startups we’ve previously covered and asked about their 2020 growth. Gtmhub had released new growth metrics along with its funding news, plus we had historical growth data from some other players in the space.

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Are early-stage funding rounds out of control?

TechCrunch

However, despite the twofold growth in dollars invested, the number of companies receiving funding has grown by less than 30% compared with Q3 2020. Furthermore, recent benchmarks data shows that the businesses garnering these high valuations in 2021 exhibit metrics that significantly outperform their peers from 2018-2020.

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Squarespace files for a direct listing on the NYSE

TechCrunch

For now we’ll stick to Squarespace’s historical results through 2020 without those accoutrements; if you intend to buy shares in the company, you’ll want to understand the more complicated math. For now let’s focus on Squarespace’s own metrics. million and net income of $58.2 million in 2020.

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Peer-to-peer car-sharing company Turo files IPO to go public

TechCrunch

In 2020, Turo generated net revenue of $149.9 million in 2020, a 6% growth from the previous year, according to the S-1. Net losses were $97.1 million in 2020, a slight improvement from the $98.6 million in net losses it had in 2019. million for the same period in 2020. million in 2020.

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Lime touts a 2020 turnaround and 2021 profitability

TechCrunch

It turns out, Lime is basing this projection on EBIT, as opposed to more traditional net income. For a startup this is not a surprising decision, but before we declare Lime fully “profitable,” we’ll want some more GAAP metrics. By November of 2019, Lime was talking about reaching EBIT positivity in 2020.

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Bumble files to go public

TechCrunch

The company is targeting the public markets at a particularly heady time for new offerings, with investors embracing venture-backed IPOs throughout late 2020 and the start of 2021. million total paying users through the first nine months of 2020; the percent, then, of paying users to MAUs is not 2.4 Net income of $68.6

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Will ride-hailing profits ever come?

TechCrunch

Uber and Lyft lost a lot of money in 2020. billion in 2020. billion in 2020. Along the way we’ll talk BS metrics and how firing a lot of people can cut your cost base. billion in 2020 , an improvement from its 2019 loss of $8.51 But the decline in demand harmed both companies. Lyft’s fell from $3.6

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