Unicorn is ready for a haircut – Tech Crunch.
Digitization of your haircut may not be on your 2020 bucket list, but there is an even more amazing line item in 2021: Tech-powered barber shops are now a business venture worth about ایک 1 billion.
Square is a back-end shop management tool for independent businesses. I first covered it in the early months of COVID-19 epidemics. The startup raised millions of dollars just days before the closure of its key clients – barber shops – across the country. The company eventually shifted from defense to crime in its growth strategy, finding itself as a key partner for any barber shop that offers unpaid payments, digital appointment bookings and a seamless customer experience. Is prepared for
This week, Square tripled its value thanks to Tiger Global’s leadership era. The company is now valued at $ 750 million, up from 75 75 million when we first spoke to them.
When I spoke to co-founder Dave Solvent, who started the company with Song Lauren in 2016, he explained how the company now exists to expand pricing proposals related to other barber shops یا either. Through acquisitions or partnerships. This week, for example, Square announced that it has begun processing a payment arm with Bond, a venture-backed fantasy infrastructure company. The company also partnered with Gusto to bring HR services to its customers. Salvant notes how the development of tech, especially financial services, allows them to offer a robust product without having to make everything at home.
While these are still partnerships, I wouldn’t be surprised if we see Square begin to look for companies that can unlock value from its existing datasets on how barber shops operate and how to get through those doors. The capital comes and goes.
Behind the numbers:
It’s a company that fits into the epidemic story, then proven startups that are trying to spread with new capital. Less common, though, is that Square is now historically and unfortunately still on track to become a black-headed unicorn. The more data points, the better.
In the rest of this newsletter, we’ll discuss Robin Hood’s public launch and why a CEO understands that everyone needs him for a day. You can find me on Twitter. masnmasc_.
Robinhood Robinhood sells.
The long awaited Robin Hood IPO is no longer a long wait. After pricing at the lower end of the range, consumer investment and trading app shares plunged sharply, ranging from 8 to 10.
Here’s what to know: Alex Wilhelm, an IPO expert and co-host of fellow equities, gave us two reasons why Robin Hood’s stock went down. However, we are accustomed to popping into the world of consumer-facing tech companies.
Robin Hood made a large portion of his IPO available to his clients. Or, in practice, Robin Hood reduced initial retail demand by offering his investors and traders access to the same price and level as large investors. This is a clear idea. But in doing so, Robin Hood may have reduced the unsecured retail interest in its shares, perhaps reshaping its initial supply / demand curve.
Or the company’s warning that its trading volume could decline in Q2 2021 may have scared off some bulls.
You will become CEO, you will become CEO!
Now that free beer is no longer a benefit to the company, the next best one may emerge: let anyone in your company become CEO for a day. Winset CEO Willie Hutto implemented the program at his company in 2018, saying the move paid “tenfold”.
Here’s how it works, according to the company:
This program gives our employee 24 hours restraint with unlimited budget. Just need The CEO must make a sustainable decision that will help improve the work experience of Vincent employees. Whatever the CEO of the day decides, the company stays with him. They can buy something for the company, change the policy, update any tool we use; really, whatever they bring can be done.
You can see the results policies in our story, but in my humble opinion, the end result is better than free beer.
- The TechCrunch Disrupt agenda just went live. It’s a must-read lineup and a must-attend. Some standouts:
- Pots, pottery and beyond Seth Rosen (house plant), Haneen Davis (house plant) and Michael Moher (house plant)
- Breaking the Bank with Brian Armstrong (Coin Base)
- Speak SPAC with Champath Palia Petia (Social Capital)
- Dogmatic design with Melania Perkins (Canoe)
- Scream for Amanda Silberling, A recent addition to the TechCrunch team that is completely crushing its customers’ tech beat. Follow him On twitter If you don’t already!
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