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SaaSy Profitability, One Medical’s Pop And Layoffs Continue

Illustration of woman wearing a Sassy t-shirt.

Sometimes, startupland surprises me.

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Last week I wrote aboutthe trend of crowd-sourced spreadsheets popping up amid layoffsat tech companies. And then, thanks to you wonderful readers, I learned about another trend:stigma-fighting communities finding silver linings in job cuts. Think a Slack dedicated to referrals, due diligence on companies and empathy.Read my story, it was a treat to report on and showed me some of the humanity happening behind the scenes. Best of luck toeveryone on the job hunt.

Now lets go into some SaaSy news: Mary Ann told us howthe new cool in the startup world is increasingly less about valuationsand more about profitability. And if you have the appetite for more musings on venture capital and startup trends, Genepulled out some key takeaways from the 2019 Seed Series.

Even with SoftBank-backed belt tightenings happening across the Valley, the Japanese conglomerate isnt quite yet spent. MexicosAlphaCredit landed $125 million in a SoftBank-led Series B. Other predictable funding news continued asVisa invested in another startup, this time as part of a larger $80 million roundfor a cross-border payments company.

Venture capitalists also cut checks for a wide variety of sectors, from a startup that wants to be theAirbnb of storageto atelemedicine management companyto aTexas-based restaurant tech startup. We snapshotted bigger trends with a piece onautomaker startup fundingand a look at howprivacy and security companies raised almost $10 billion last year. Also dont forget ournod to 蹤獲弝け unicorns from 2019.

We also had some positive IPO news to end a tough January, withOne Medicals stock surging on the first day of trading. Its been a while since Ive seen the word pop in a story.

With that, well close out the month. Thanks all, as always, and feel free to send us tips on venture capital and startup trends atnewsteam@crunchbase.com.

Happy February,
N

P.S. Follow my personal newsletter, which goes out every Monday, .

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