Work Travel Returns $ 5 Billion – TechCrunch | Instant News



Would you bet millions of dollars on a business trip return? It does not matter. Andreessen Horowitz, Addition and Elad Gil are anyway. This week, the trio led a nine-figure fundraising round in TripActions, a software company that helps other businesses book and manage business travel. But the news is (always) more than the numbers. I see the growth of TripActions as a signal for startups in the travel industry, which have suffered the brunt of the impact of the pandemic. We’ve heard that the market is emerging again, but the fact that investors are investing money in an ascending cycle valued at $ 5 billion adds an extra layer of conviction. TripActions, like many travel startups, laid off hundreds of employees at the start of the pandemic as the coronavirus froze business travel. It is still not back to pre-pandemic levels, but a company spokesperson said a more distributed working class could boost corporate travel. If you don’t have to travel every day, maybe you don’t mind taking a flight once a month. Here’s why that might be good news: Distributed work and corporate travel are not mutually exclusive categories. For founders in the remote workspace, this is essential leeway to consider as we wait for post-pandemic consumer behavior to be colorful. So often founders claim their startup is remote or bankrupt, and while that could make a great headline, it’s clear that everyone will come out of this era with a different mindset. Read on, as we discuss Plaid’s new investment in startup founders, Israel’s startup ecosystem, and telehealth in two different ways. Also, here is your weekly reminder that you can find me @nmasc_ and send me seed funding tips at [email protected] Plaid takes notes from Y Combinator Last week I joked in saying that the ‘Plaid for X’ startups will live on, even if the company ended its plans to merge with Visa for $ 5.3 billion. This week, Plaid announced a Plaid Boost Accelerator for X startups. You can’t make that up. What you need to know: Finrise, which started as an idea in an internal hackathon last summer, will help three in five entrepreneurs from under-represented backgrounds navigate starting a fintech business. There is no capital involved, but there is the Plaid mentoring, a bootcamp and access to a network of investors. Etc: It’s no surprise that Plaid is developing its own incubator program. Fintech as a sector is booming. The latest fintech data dive shows that unreleased fintech unicorns are now worth an all-time high. The “unicorn effect” has an impact on average valuations and deal sizes. And in case other industries feel left out, VCs invested $ 428 million in US-based startups every day in 2020. Image credits: Bryce Durbin / TechCrunch Telehealth is entering a “ unique period and at high growth. ” In our latest investor survey, eight healthcare- focused venture capitalists spoke about the future of digital health. What you need to know: Telehealth is not only growing in demand, but in definition. Investors looked at the future of digital health financing, the impact of the Biden administration on the companies in their portfolio, and how to balance opportunities with incentives in an industry as emotional as this. Here’s how Nan Li, CEO of Obvious Ventures, is pushing the opportunity forward:
[This is] absolutely not a hit! We are heading into a unique and high growth period in healthcare where many aspects of the healthcare ecosystem are being rebuilt. From insurance underwriting, to disease-specific standards of care, to clinical staffing models, to patient coordination and triage… every aspect of healthcare is a fair game for innovative companies. This is a radical expansion from the days when health technology was confined to “health informatics”, the sale of software to hospitals and the increase in investor attention reflects this generational opportunity. Etc: Another investor survey for you this week: 6 investors on mobile gaming trends and opportunities in 2021. Health and tech isometric concept banner. Medical exams and online consultation concept. Drug. Vector illustration Talking about public markets Up, up and away is the only way to express the performance of recent IPOs. Here’s what you need to know: Etc: Subscribe to The Exchange, a weekly newsletter written by our IPO and public markets reporter Alex Wilhelm. Image credits: Hims & Hers around TechCrunch The inimitable Drew Olanoff, one of TechCrunch’s first writers, has joined the team to develop our community offering for our Extra Crunch subscribers. It offers exciting ways to help you connect with the TC team, top business founders, and startup decision makers. If you have any thoughts, disturb him! Extra Crunch Live is back in style in 2021. We’ll be interviewing the VC / Founder duos on how their Series A deals went, and Extra Crunch members will have the chance to get live commentary on their pitch deck. You can view our plans for ECL in 2021 here, or complete this form to submit your pitch deck. The episodes air Wednesdays at 3 p.m. ET / 12 p.m. PT starting in February. Throughout the Week On TechCrunch Israel’s Start-Up Ecosystem Gets Ahead, Amid Year of Change Instacart Shuts Unionized Worker Jobs Eight Roads Ventures Europe Promotes Lucile Cornet As Partner Alphabet Shuts Down internet balloon company Loon On Extra Crunch 15 Steps To Raising Money For A New Venture Capital Or Private Equity Fund How VCs Invested In Asia And Europe In 2020 How And When To Build Marketing Teams In Top Companies tech After a slew of media and venture capital stories this week, the Equity team must have weighed in on the future of journalism now that A16z is launching its own publication. I won’t give away our impressions, but the headline should give you a hint. Other topics covered included a barrage of mobility news, a Nigerian edtech startup, and a much more compelling GPS story than the 400 pages it took to come up with the final product. Listen here and don’t forget that we also have a popular Monday morning show to get you ready for the week. Okay, until next week! Natasha



image source

to request modification Contact us at Here or [email protected]