uh oh: WeWork valuation under pressure

We released a major feature today called Collections (see more below), so I’m getting right to the research.

Today we released Collections, our new collaborative work management tool purpose-built for researching emerging tech and managing build, buy, or partner decisions.

We used it to create a market map of 90+ AI startups in healthcare.

These companies are working on everything from drug R&D to diagnostics. See them all in our market map.

Life sciences unicorn 10x Genomics went public today.

This morning, the company priced at $39 per share, above its proposed price range of $36-$38 (which had already been increased once). Early in the day, the company was trading at $54 per share.

We looked at 10x Genomics’ filing to see which investors are poised to come out on top in the offering. Check it out here.

Y Combinator is well-known for making a huge number of small bets across a wide variety of industries, ranging from fintech to health to e-commerce.

It has participated in 1,100+ deals totaling $6.1B since 2017.

We mapped out the more well-funded startups in its portfolio to unpack Y Combinator’s vision of the future.

Marcelo
@ballve

P.S. We’re hiring sales development representatives. If this sounds like you, get in touch.

• -68%: WeWork’s IPO may be put on hold as SoftBank, which has invested $10B+ in the company, reportedly considers pushing for a delay. The co-working company was last valued at $47B at its Series H in January, but recent rumors have pointed towards an IPO valuation as low as $15B — a 68% decrease. We dig into how the startup approaches its business in our report on how WeWork makes money.  

• • 8x: Astronomers have detected water vapor in the atmosphere of a planet around 111 light years away, according to a paper published in Nature. The planet is about 8x the mass of ours and falls within the “habitable zone” of its star, meaning its temperature may be able to support liquid water — viewed as a key precursor for life to evolve. This is the first time water has been detected in a habitable zone planet outside of our solar system.

• 30,000: Amazon is seeking to fill around 30,000 jobs at an “Amazon Career Day” that it’s hosting across 6 cities. In 2017, the company attempted to fill 50,000 jobs using a similar approach, but only 20,000 people reportedly even turned up. Amazon may be hoping to use some of its prospective new hires to disrupt these 7 industries.

• $460B: Jack Ma, the founder of China-based e-commerce giant Alibaba stepped down as chairman of the company, around 6 years after giving up the CEO position. The move marks another step in Ma’s gradual disentanglement from Alibaba’s senior leadership positions as the tech company, which has a market cap of about $460B, looks to weather global trade uncertainty and faces increasing competition in its home market.
    
• $1.7B: Attorney generals from 48 US states, Puerto Rico, and Washington, DC are launching a host of antitrust investigations into Google. The focuses include looking at the tech giant’s advertising, search, and acquisition practices. The move follows a $1.7B fine that Google received from the EU in March for using anti-competitive tactics. Do Google’s previous company purchases point to unsporting behavior? Decide for yourself by taking a look at Google’s biggest acquisitions.

• 450+: The CDC says that 6 people in the US have died from a lung disease linked to vaping. The health protection agency believes that the ailment is associated with over 450 cases across 33 states, prompting the White House to consider banning flavored e-cigarettes. All this could be bad news for vaping giant Juul, which has raised $14B+ and was last valued at up to $50B.
• 94,504 bitcoins: Approximately $1B worth of bitcoin was moved in a single transaction totaling 94,504 units of the cryptocurrency. The transfer is thought to be the largest ever bitcoin transaction by dollar value, based on the exchange rate at the time of the anonymous trade. Bitcoin is based on blockchain technology, which has far broader applications beyond powering cryptocurrencies. Here are 55 industries the tech could disrupt.
• 27 hours: Researchers have found that cooling harvested human livers down to around 25 degrees Fahrenheit — 7 degrees below freezing — extends their shelf-life by 3x compared to keeping them on ice. The study found that the livers remained viable for 27 hours, pointing towards a potential way to improve organ transplants. Interested in where healthcare is going next? Come to our Future of Health conference in NYC, Oct 2-3.

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