Oscar Health’s initial IPO price is so high, it makes me want to swear

Extra Crunch Newsletter
Extra Crunch logo
Extra Crunch Roundup logo

Tuesday, February 23, 2021 By Walter Thompson

Welcome to Extra Crunch Tuesday

Welcome to Extra Crunch Tuesday image

Image Credits: Nigel Sussman

I asked Alex Wilhelm to dial back the profanity he used this morning to describe Oscar Health’s proposed valuation, but perhaps I was too conservative.

In March 2018, the insurtech unicorn was valued at around $3.2 billion. Today, with the company aiming to debut at $32 to $34 per share, its fully-diluted valuation is closer to $7.7 billion.

“The clear takeaway from the first Oscar Health IPO pricing interval is that public investors have lost their minds,” says Alex.

His advice for companies considering an IPO? “Go public now.”


We’re expanding our growth marketing coverage, so I wanted to spotlight two posts with actionable advice for early-stage startups:

Caryn Marooney’s article on creating messaging frameworks, and an article by Fractl Marketing Director Amanda Milligan that offers three strategies for building brand authority.

Thanks very much for reading Extra Crunch. Have a great week!

Walter Thompson
Senior Editor, TechCrunch
@yourprotagonist

Read more

Bain's Matt Harris and Justworks' Isaac Oates to talk through the Series B deal that brought them together

Bain's Matt Harris and Justworks' Isaac Oates to talk through the Series B deal that brought them together image

Tomorrow on Extra Crunch Live, Justworks founder Isaac Oates and Bain Capital Ventures partner Matt Harris will discuss the steps leading up to their $13 million Series B in 2016.

At the time, “Justworks hadn’t even hit $1 million in annual revenue,” says host Jordan Crook.

During the chat, they’ll also talk about how their working relationship has evolved in the intervening years before reviewing pitch decks submitted by members of the audience.

The conversation kicks off at 2 p.m. PST/3 p.m. EST/8 p.m. GMT, but it’s only open to Extra Crunch members.

Read more

Extra Crunch members: we want your feedback

Sponsored by TechCrunch

Thanks very much for those of you who've shared your suggestions! If you haven't given us your two cents, please do: we're listening.

Read more

If Coinbase is worth $100 billion, what's a fair valuation for Stripe?

If Coinbase is worth $100 billion, what's a fair valuation for Stripe? image

Image Credits: Nigel Sussman

Last week, Alex wrote about how cryptocurrency trading platform Coinbase was being valued at $77 billion in the private markets.

As of yesterday, “it’s now $100 billion, per Axios’ reporting.”

He reviewed Coinbase’s performance from 2019 through the end of Q3 2020 “to decide whether Coinbase at $100 billion makes no sense, a little sense or perfect sense.”

Read more

Winning enterprise sales teams know how to persuade the Chief Objection Officer

Winning enterprise sales teams know how to persuade the Chief Objection Officer image

Image Credits: Alla Aramyan / Getty Images

A skilled software sales team devotes a lot of resources to pinpointing potential customers.

Poring through LinkedIn and reviewing past speaker lists at industry conferences are good places to find decision makers, for example.

Despite this detective work, GGV Capital investor Oren Yunger says sales teams still need to identify the deal-blockers who can spike a deal with a sing;e email.

“I call this person the Chief Objection Officer.”

Read more

3 strategies for elevating brand authority in 2021

3 strategies for elevating brand authority in 2021 image

Image Credits: Klaus Vedfelt / Getty Images

Every startup wants to raise its profile, but for many early-stage companies, marketing budgets are too small to make a meaningful difference.

“Providing real value through content is an excellent way to build authority in the short and long term,” says Amanda Milligan, marketing director at growth agency Fractl.

Read more

RIBS: The messaging framework for every company and product

RIBS: The messaging framework for every company and product image

Image Credits: luchezar / Getty Images

The most effective marketing uses good storytelling, not persuasion.

According to Caryn Marooney, general partner at Coatue Management, every compelling story is relevant, inevitable, believable and simple.

“Behind most successful companies is a story that checks every one of those boxes,” says Marooney, but “this is a central challenge for every startup.”

Read more

Ironclad’s Jason Boehmig: The objective of pricing is to become less wrong over time

Ironclad’s Jason Boehmig: The objective of pricing is to become less wrong over time image

On a recent episode of Extra Crunch Live, Ironclad founder and CEO Jason Boehmig and Accel partner Steve Loughlin discussed the pitch that brought them together almost four years ago.

Since that $8 million Series A, Loughlin joined Ironclad’s board. “Both agree that the work they put in up front had paid off” when it comes to how well they work together, says Jordan Crook.

“We’ve always been up front about the fact that we consider the board a part of the company,” said Boehmig.

Read more

Read more stories on TechCrunch.com

Divider
Facebook Twitter Youtube Instagram Flipboard

View this email online in your browser

Privacy Policy | Terms of Service | Unsubscribe

© 2021 Verizon Media. All rights reserved. 110 5th St, San Francisco, CA 94103

Older messages

Daily Crunch - Spotify announces a high-end subscription

Monday, February 22, 2021

TechCrunch Newsletter TechCrunch logo The Daily Crunch logo Monday, February 22, 2021 • By Anthony Ha Spotify makes a bunch of announcements, Netflix introduces an intriguing new feature and Clubhouse

The Station - The lidar SPAC craze and 10 investors give their mobility predictions

Sunday, February 21, 2021

TechCrunch Newsletter TechCrunch logo The Transportation logo Sunday, February 21, 2021 • By Kirsten Korosec Hi friends and new readers, welcome back to The Station, a newsletter dedicated to all the

Daily Crunch - Uber loses UK legal challenge

Friday, February 19, 2021

TechCrunch Newsletter TechCrunch logo The Daily Crunch logo Friday, February 19, 2021 • By Anthony Ha Uber loses a legal battle over driver classification, we survey mobility investors and new data

A TechCrunch AMA with Run The World

Friday, February 19, 2021

Hi TechCrunch Community, Please join TechCrunch next week for its first 2021 installment of the Ask Me Anything series, where TechCrunch interviews experts and answers your burning questions about

Extra Crunch Friday: A fraction of Robinhood's users are driving its runaway growth

Friday, February 19, 2021

Extra Crunch Newsletter Extra Crunch logo Extra Crunch Roundup logo Friday, February 19, 2021 • By Walter Thompson 10 investors predict MaaS, on-demand delivery and EVs will dominate mobility's

You Might Also Like

Youre Overthinking It

Wednesday, January 15, 2025

Top Tech Content sent at Noon! Boost Your Article on HackerNoon for $159.99! Read this email in your browser How are you, @newsletterest1? 🪐 What's happening in tech today, January 15, 2025? The

eBook: Software Supply Chain Security for Dummies

Wednesday, January 15, 2025

Free access to this go-to-guide for invaluable insights and practical advice to secure your software supply chain. The Hacker News Software Supply Chain Security for Dummies There is no longer doubt

The 5 biggest AI prompting mistakes

Wednesday, January 15, 2025

✨ Better Pixel photos; How to quit Meta; The next TikTok? -- ZDNET ZDNET Tech Today - US January 15, 2025 ai-prompting-mistakes The five biggest mistakes people make when prompting an AI Ready to

An interactive tour of Go 1.24

Wednesday, January 15, 2025

Plus generating random art, sending emails, and a variety of gopher images you can use. | #​538 — January 15, 2025 Unsub | Web Version Together with Posthog Go Weekly An Interactive Tour of Go 1.24 — A

Spyglass Dispatch: Bromo Sapiens

Wednesday, January 15, 2025

Masculine Startups • The Fall of Xbox • Meta's Misinformation Off Switch • TikTok's Switch Off The Spyglass Dispatch is a newsletter sent on weekdays featuring links and commentary on timely

The $1.9M client

Wednesday, January 15, 2025

Money matters, but this invisible currency matters more. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

⚙️ Federal data centers

Wednesday, January 15, 2025

Plus: Britain's AI roadmap ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Post from Syncfusion Blogs on 01/15/2025

Wednesday, January 15, 2025

New blogs from Syncfusion Introducing the New .NET MAUI Bottom Sheet Control By Naveenkumar Sanjeevirayan This blog explains the features of the Bottom Sheet control introduced in the Syncfusion .NET

The Sequence Engineering #469: Llama.cpp is The Framework for High Performce LLM Inference

Wednesday, January 15, 2025

One of the most popular inference framework for LLM apps that care about performance. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

3 Actively Exploited Zero-Day Flaws Patched in Microsoft's Latest Security Update

Wednesday, January 15, 2025

THN Daily Updates Newsletter cover The Kubernetes Book: Navigate the world of Kubernetes with expertise , Second Edition ($39.99 Value) FREE for a Limited Time Containers transformed how we package and