{"id":2345,"date":"2020-01-08T20:16:49","date_gmt":"2020-01-08T12:16:49","guid":{"rendered":"http:\/\/www.huixigw.com\/?p=2345"},"modified":"2020-01-08T20:16:52","modified_gmt":"2020-01-08T12:16:52","slug":"2019%e5%b9%b4ipo%e7%8b%ac%e8%a7%92%e5%85%bd%e8%a1%80%e6%b5%81%e6%88%90%e6%b2%b3%ef%bc%8c2020%e5%b9%b4%e5%8f%88%e4%bc%9a%e6%9c%89%e5%93%aa%e4%ba%9b%e6%96%b0%e6%9c%ba%e9%81%87%ef%bc%9f","status":"publish","type":"post","link":"http:\/\/www.huixigw.com\/?p=2345","title":{"rendered":"2019\u5e74IPO\u72ec\u89d2\u517d\u8840\u6d41\u6210\u6cb3\uff0c2020\u5e74\u53c8\u4f1a\u6709\u54ea\u4e9b\u65b0\u673a\u9047\uff1f"},"content":{"rendered":"\n

\u6765\u6e90\uff1a \u7845\u8c37\u5bc6\u63a2 <\/p>\n\n\n\n

\u5341\u5e74\u524d\u7684\u90a3\u4e2a\u590f\u5929\uff0c\u5f53\u7279\u62c9\u7ef4\u65af\u00b7\u5361\u5170\u5c3c\u514b\uff08Travis Kalanick\uff09\u63a5\u8fc7\u8001\u670b\u53cb\u52a0\u52d2\u7279\u00b7\u574e\u666e\uff08Garrett Camp\uff09\u4f38\u51fa\u7684\u6a44\u6984\u679d\uff0c\u52a0\u5165\u5f53\u65f6\u8fd8\u662f\u8fb9\u7f18\u9879\u76ee\u7684 UberCab \u65f6\uff0c\u4ed6\u4e00\u5b9a\u6ca1\u60f3\u5230\uff0c\u591a\u5e74\u4e4b\u540e\uff0cUber \u4f1a\u6210\u957f\u4e3a\u5168\u7403\u5e02\u503c\u6700\u9ad8\u72ec\u89d2\u517d\uff0c\u5f53\u7136\uff0c\u4ed6\u6216\u8bb8\u66f4\u60f3\u4e0d\u5230\uff0c\u5728 2019 \u5e74\u7684\u6700\u540e\u4e00\u5929\uff0c\u4ed6\u4f1a\u4ee5\u5982\u6b64\u72fc\u72c8\u7684\u65b9\u5f0f\u79bb\u5f00\u81ea\u5df1\u201c\u751f\u547d\u7684\u4e00\u90e8\u5206\u201d\u3002<\/p>\n\n\n\n

\u4ece 2009 \u5e74\u6210\u7acb\uff0c2010 \u5e74\u4e0a\u7ebf\u670d\u52a1\uff0c\u518d\u5230 2017 \u5e74\u4f30\u503c\u4e00\u5ea6\u8fbe\u5230 1200 \u4ebf\u7f8e\u5143\uff0c\u539f\u672c\u5e94\u8be5\u662f IPO \u4e30\u6536\u4e4b\u5e74\u7684 2019\uff0c\u5374\u6210\u4e86 Uber \u7684\u5669\u68a6\u3002\u8fd9\u4e00\u5e74\uff0cUber \u56e0\u5de8\u989d\u4e8f\u635f\u7b49\u95ee\u9898\u88ab\u6253\u56de\u539f\u5f62\uff0c\u5e02\u503c\u906d\u201c\u8170\u65a9\u201d\uff0c\u8fc7\u53bb\u5341\u5e74\u521b\u9020\u7684\u795e\u8bdd\u5728\u51e0\u4e2a\u6708\u5185\u5373\u88ab\u6233\u7834\u3002<\/strong><\/p>\n\n\n\n

Uber \u521b\u59cb\u4eba\u7279\u62c9\u7ef4\u65af\u00b7\u5361\u5170\u5c3c\u514b\uff08Travis Kalanick\uff09<\/p>\n\n\n\n

\u8ba9\u5361\u5170\u5c3c\u514b\u5934\u75bc\u7684\u4e0d\u4ec5\u662f Uber \u7684\u6ca1\u843d\uff0c\u8fd8\u6709\u4ed6\u9891\u9891\u88ab\u66dd\u5149\u7684\u4e2a\u4eba\u95ee\u9898\u30022017 \u5e74\uff0c\u9762\u5bf9\u6027\u9a9a\u6270\u548c\u6b67\u89c6\u6307\u63a7\uff0c\u6295\u8d44\u4eba\u8054\u540d\u5c06\u5361\u5170\u5c3c\u514b\u8d76\u4e0b CEO \u7684\u5e2d\u4f4d\u30022019 \u5e74 12 \u6708 31 \u65e5\uff0c\u5361\u5170\u5c3c\u514b\u6b63\u5f0f\u8f9e\u53bb\u5728\u8463\u4e8b\u4f1a\u7684\u804c\u52a1\uff0c\u5e26\u8d70\u4e86\u80a1\u7968\u5957\u73b0\u7684\u8d85\u8fc7 25 \u4ebf\u7f8e\u5143\uff0c\u7559\u4e0b\u4e86\u5de8\u989d\u4e8f\u635f\u3001\u88c1\u5458\u3001\u5b50\u4e1a\u52a1\u51fa\u552e\u7b49\u4e00\u5806\u70c2\u644a\u5b50\u3002<\/p>\n\n\n\n

\u5361\u5170\u5c3c\u514b\u548c\u4ed6\u6240\u521b\u5efa\u7684 Uber\uff0c\u662f 2019 \u5e74 IPO \u660e\u661f\u72ec\u89d2\u517d\u7684\u7f29\u5f71\u3002<\/strong>\u8fc7\u53bb\u4e00\u5e74\uff0c\u8fd9\u4e9b\u4e00\u5ea6\u88ab\u770b\u597d\u7684\u79d1\u6280\u201c\u51c6\u5de8\u5934\u201d\u6392\u961f IPO\uff0c\u5374\u4e00\u4e2a\u4e2a\u906d\u9047\u91cd\u521b\u3002<\/strong><\/p>\n\n\n\n

\u622a\u81f3 2020 \u5e74 1 \u6708 7 \u65e5\uff0cUber \u6536\u76d8\u4ef7\u4e3a 32.81 \u7f8e\u5143\uff0c\u76f8\u8f83 5 \u6708\u6bcf\u80a1 45 \u7f8e\u5143\u7684\u53d1\u884c\u4ef7\u4e0b\u8dcc 27%\u3002\u6bd4 Uber \u65e9\u4e00\u6b65\u4e0a\u5e02\u7684 Lyft \u4e5f\u6ca1\u80fd\u9003\u8fc7\u76f8\u540c\u7684\u547d\u8fd0\uff0c\u5176\u4eca\u5e74 3 \u6708\u4e0a\u5e02\u65f6\u80a1\u4ef7\u4e3a\u6bcf\u80a1 72 \u7f8e\u5143\uff0c\u5982\u4eca\u5df2\u4e0b\u8dcc 38.5%\uff0c\u81f3 44.25 \u7f8e\u5143 \u3002Pinterest \u548c Slack \u4e5f\u51fa\u73b0\u4e86\u4e0b\u6ed1\u3002\u5907\u53d7\u77a9\u76ee\u7684 WeWork \u5219\u662f\u620f\u5267\u6027\u5730\u7f62\u514d\u4e86\u5176\u9996\u5e2d\u6267\u884c\u5b98\uff0c\u5e76\u64a4\u56de\u4e86 IPO\uff0c470 \u4ebf\u7f8e\u5143\u7684\u4f30\u503c\u51e0\u4e4e\u6d88\u5931\u6b86\u5c3d\u3002<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

\u636e IPO \u7814\u7a76\u516c\u53f8 Renaissance Capital \u7684\u6570\u636e\uff0c\u622a\u81f3 2019 \u5e74 12 \u6708 3 \u65e5\uff0c2019 \u5e74\u7ea6\u6709 44 \u5bb6\u516c\u53f8\u53d6\u6d88\u4e86 IPO \u767b\u8bb0\uff0c\u8f83 2018 \u5e74\u589e\u957f\u8fd1 50%\uff0c\u4e3a 2016 \u5e74\u4ee5\u6765\u7684\u6700\u9ad8\u6c34\u5e73\u3002\u4e0e\u6b64\u540c\u65f6\uff0cRefinitiv \u7684\u6570\u636e\u663e\u793a\uff0c\u622a\u81f3 2019 \u5e74 11 \u6708\u7684\u4e00\u5e74\u91cc\uff0c\u7f8e\u56fd\u65b0\u80a1\u53d1\u884c\u7684\u6536\u76ca\u540c\u6bd4\u4e0b\u964d\u4e86 7%\u3002<\/p>\n\n\n\n

2019 \u5e74\u7684 IPO \u5e02\u573a\u4e3a\u4f55\u201c\u60e8\u6848\u201d\u9891\u9891\uff1f2020 \u5e74\u53c8\u80fd\u5426\u7edd\u5904\u9022\u751f\uff0c\u8fce\u6765\u65b0\u7684\u8f6c\u673a\uff1f<\/p>\n\n\n\n

2019 \u5e74\u201c\u8840\u7684\u6559\u8bad\u201d\uff1a<\/strong>\u9ad8\u4f30\u503c\u7834\u706d\uff0c\u7126\u70b9\u8f6c\u5411\u76c8\u5229<\/strong><\/p>\n\n\n\n

\u72ec\u89d2\u517d IPO \u5931\u5229\uff0c\u4e00\u4e2a\u91cd\u8981\u7684\u539f\u56e0\u662f\uff0c\u79c1\u52df\u5e02\u573a\u5bf9\u589e\u957f\u8fc5\u901f\u4f46\u5c1a\u672a\u76c8\u5229\u7684\u79d1\u6280\u516c\u53f8\u7ed9\u51fa\u7684\u9ad8\u4f30\u503c\uff0c\u516c\u5f00\u5e02\u573a\u4e0d\u518d\u4e70\u8d26\u3002<\/strong><\/p>\n\n\n\n

\u5f88\u957f\u4e00\u6bb5\u65f6\u95f4\uff0c\u4ee5\u70e7\u94b1\u548c\u727a\u7272\u5229\u6da6\u4e3a\u4ee3\u4ef7\u6765\u5b9e\u73b0\u589e\u957f\u7684\u201c\u4e9a\u9a6c\u900a\u6a21\u5f0f\uff08Amazon Archetype\uff09\u201d\uff0c\u6df1\u5f97\u534e\u5c14\u8857\u9752\u7750\u3002\u4e9a\u9a6c\u900a\u4ee5\u4f4e\u5229\u6da6\u6362\u53d6\u4e1a\u52a1\u589e\u957f\u3001\u6295\u8d44\u672a\u6765\u6240\u53d6\u5f97\u7684\u6210\u6548\uff0c\u8ba9\u8bb8\u591a\u516c\u53f8\u8bd5\u56fe\u590d\u5236\u5176\u6a21\u5f0f\u3002\u800c\u6295\u8d44\u8005\u4e5f\u613f\u610f\u7ed9\u8fd9\u4e9b\u4e8f\u635f\u7684\u516c\u53f8\u9ad8\u4f30\u503c\uff0c\u4ee5\u5e2e\u52a9\u516c\u53f8\u6269\u5927\u89c4\u6a21\uff0c\u5bc4\u5e0c\u671b\u4e8e\u672a\u6765\u80fd\u591f\u8d5a\u4e2a\u76c6\u6ee1\u94b5\u6ee1\u3002<\/p>\n\n\n\n

\u5728\u4e0d\u5c11\u6295\u8d44\u8005\u773c\u4e2d\uff0c\u8fd9\u4e9b\u516c\u53f8\u672a\u6765\u7684\u5229\u6da6\u5c06\u8d85\u8fc7\u5f53\u524d\u7684\u4e8f\u635f\u3002\u751a\u81f3\uff0c\u540e\u671f\u79c1\u52df\u5e02\u573a\u4e2d\u6709\u8fd9\u6837\u4e00\u79cd\u8bf4\u6cd5\uff0c\u968f\u7740\u8f6f\u4ef6\u6b63\u5728\u541e\u566c\u8fd9\u4e2a\u4e16\u754c(\u623f\u5730\u4ea7\u3001\u97f3\u4e50\u3001\u5065\u8eab\u3001\u4ea4\u901a)\uff0c\u6bcf\u5bb6\u8f6f\u4ef6\u516c\u53f8\u7684\u4ef7\u503c\u90fd\u5e94\u8be5\u662f\u5176\u6536\u5165\u7684 10 \u500d\u751a\u81f3\u66f4\u591a\u3002<\/p>\n\n\n\n

\u4e8e\u662f\uff0c\u6765\u81ea\u6d77\u5916\u6295\u8d44\u8005\u3001\u79c1\u52df\u673a\u6784\u548c\u8f6f\u94f6\u613f\u666f\u7684\u8d44\u91d1\u76f8\u7ee7\u6d8c\u5165\uff0c\u79d1\u6280\u521d\u521b\u4f01\u4e1a\u4f30\u503c\u62c9\u9ad8\uff0c\u4e0a\u5e02\u63a8\u8fdf\u3002\u6570\u636e\u663e\u793a\uff0c\u5230 2018 \u5e74\u5e95\uff0c\u7f8e\u56fd\u521d\u521b\u4f01\u4e1a\u5df2\u7ecf\u7b79\u96c6\u4e86\u521b\u7eaa\u5f55\u7684 1310 \u4ebf\u7f8e\u5143\u98ce\u9669\u6295\u8d44\uff0c\u4e0d\u8fc7\uff0c81% \u7684\u7f8e\u56fd\u516c\u53f8\u5728 IPO \u524d\u4e00\u5e74\u90fd\u5904\u4e8e\u4e8f\u635f\u72b6\u6001\u3002<\/p>\n\n\n\n

\u4e8f\u635f\u7684\u79d1\u6280\u72ec\u89d2\u517d\u5e76\u6ca1\u6709\u901a\u8fc7 IPO \u8ba9\u6295\u8d44\u8005\u5982\u613f\u4ee5\u507f\uff0c\u76f8\u53cd\uff0c\u968f\u7740 Uber\u3001Lift \u7b49\u80a1\u4ef7\u906d\u91cd\u521b\u3001Wework \u4e00\u6ce2\u672a\u5e73\u4e00\u6ce2\u53c8\u8d77\uff0c\u4ed6\u4eec\u7684\u7f8e\u68a6\u4e5f\u76f8\u7ee7\u7834\u788e\u3002<\/strong><\/p>\n\n\n\n

2019 \u5e74\uff0c\u72ec\u89d2\u517d\u4e0a\u5e02\u53d7\u632b\u80cc\u540e\u7684\u539f\u56e0\u662f\u4ec0\u4e48\uff1f\u7845\u8c37\u548c\u7f8e\u56fd\u9876\u5c16\u98ce\u6295\u6253\u7b97\u600e\u4e48\u529e\uff1f\u7845\u8c37\u6d1e\u5bdf\u6574\u7406\u4e86\u4ee5\u4e0b\u4e00\u4e9b\u89c2\u70b9\uff1a<\/p>\n\n\n\n

\u8054\u5408\u5e7f\u573a\u98ce\u9669\u6295\u8d44\u516c\u53f8\u7684\u98ce\u9669\u6295\u8d44\u5bb6 Fred Wilson \u5728\u5176\u535a\u5ba2\u6587\u7ae0\u4e2d\u6307\u51fa\uff0c\u8fc7\u53bb 10 \u5e74\u63a8\u52a8\u521d\u521b\u4f01\u4e1a\u7092\u4f5c\u548c\u4f30\u503c\u7684\u6545\u4e8b\u6b63\u5728\u7ec8\u7ed3\uff0c\u5e02\u573a\u8d8a\u6765\u8d8a\u6000\u7591\u90a3\u4e9b\u80fd\u591f\u6269\u5927\u89c4\u6a21\u4f46\u65e0\u6cd5\u76c8\u5229\u7684\u516c\u53f8\u3002<\/strong><\/p>\n\n\n\n

\u5728 Wilson \u770b\u6765\uff0c\u516c\u5f00\u5e02\u573a\u4e0e\u79c1\u52df\u5e02\u573a\u6709\u5f88\u5927\u4e0d\u540c\uff0c\u79c1\u52df\u5e02\u573a\u4e2d\u7684\u91d1\u878d\u4ea4\u6613\u7531\u53d1\u884c\u8005\u63a7\u5236\uff0c\u516c\u4f17\u7684\u6295\u8d44\u8005\u5219\u662f\u6bcf\u5929\u4e70\u5165\u5bf9\u4ed6\u4eec\u6709\u5438\u5f15\u529b\u7684\u80a1\u7968\uff0c\u5356\u51fa\u6ca1\u6709\u5438\u5f15\u529b\u7684\u80a1\u7968\u3002\u56e0\u6b64\uff0c\u79c1\u52df\u5e02\u573a\uff0c\u7279\u522b\u662f\u540e\u671f\u79c1\u52df\u7684\u4f30\u503c\u6709\u65f6\u53ef\u80fd\u662f\u4e0d\u5408\u7406\u7684\uff0c\u76f8\u6bd4\u4e4b\u4e0b\uff0c\u516c\u4f17\u4f30\u503c\u8981\u7406\u6027\u5f97\u591a\uff0c\u5c24\u5176\u662f\u5728\u67d0\u53ea\u80a1\u7968\u4ea4\u6613\u4e86\u4e00\u6bb5\u76f8\u5f53\u957f\u7684\u65f6\u95f4\u3001\u89e3\u9664\u4e86\u9501\u5b9a\u671f\u4e4b\u540e\u3002<\/p>\n\n\n\n

Wilson \u7684\u6587\u7ae0\u5f88\u5feb\u4f20\u904d\u4e86\u7845\u8c37\uff0c\u5e76\u5f97\u5230\u4e86\u4e0d\u5c11\u98ce\u9669\u6295\u8d44\u8005\u548c\u521d\u521b\u4f01\u4e1a\u8d5e\u540c\uff0c\u4ed6\u4eec\u5f00\u59cb\u91cd\u65b0\u601d\u8003\u4f01\u4e1a\u6a21\u5f0f\uff0c\u628a\u76c8\u5229\u800c\u4e0d\u662f\u5feb\u901f\u589e\u957f\u4f5c\u4e3a\u65b0\u7684\u91cd\u70b9\u3002<\/strong><\/p>\n\n\n\n

\u4f4d\u4e8e\u7ebd\u7ea6\u548c\u65e7\u91d1\u5c71\u7684\u98ce\u9669\u6295\u8d44\u516c\u53f8 Eniac Ventures \u7684\u666e\u901a\u5408\u4f19\u4eba Nihal Mehta \u8868\u793a\uff0c\u8be5\u516c\u53f8\u7684\u5408\u4f19\u4eba\u6700\u8fd1\u5bf9\u5404\u81ea\u6295\u8d44\u7684\u516c\u53f8\u8fdb\u884c\u4e86\u68b3\u7406\uff0c\u5e76\u5c06\u91cd\u70b9\u8f6c\u5411\u4e86\u4ee5\u524d\u672a\u66fe\u5173\u6ce8\u3001\u8861\u91cf\u76c8\u5229\u80fd\u529b\u7684\u201c\u6bdb\u5229\u7387\u201d\u3002\u5728\u4eca\u540e\u4e0e\u4f01\u4e1a\u5bb6\u7684\u4f1a\u9762\u4e2d\uff0c\u4ed6\u4eec\u5c06\u63a8\u52a8\u5efa\u7acb\u66f4\u8be6\u7ec6\u7684\u8d22\u52a1\u6a21\u578b\u3002<\/p>\n\n\n\n

\u7845\u8c37\u98ce\u9669\u6295\u8d44\u516c\u53f8 Trinity Ventures \u7684\u5408\u4f19\u4eba Patricia Nakache \u63d0\u5230\uff0c\u201c\u534e\u5c14\u8857\u5df2\u7ecf\u5f00\u59cb\u5272\u820d\u8bb8\u591a\u9ad8\u4f30\u503c\u7684\u516c\u53f8\uff0c\u8fd9\u63d0\u9192\u6211\u4eec\uff0c\u76c8\u5229\u80fd\u529b\u5f88\u91cd\u8981\u3002\u201d\u5979\u9884\u8ba1\uff0c\u521d\u521b\u4f01\u4e1a\u7684\u4f30\u503c\u5c06\u53d7\u5230\u201c\u6d9f\u6f2a\u6548\u5e94\u201d\uff0c\u5373\u4ece\u89c4\u6a21\u6700\u5927\u3001\u6700\u6709\u4ef7\u503c\u7684\u516c\u53f8\u5f00\u59cb\uff0c\u9010\u6e10\u5411\u4e0b\u6e17\u900f\u5230\u89c4\u6a21\u8f83\u5c0f\u3001\u8f83\u5e74\u8f7b\u7684\u516c\u53f8\u3002<\/p>\n\n\n\n

\u6b64\u5916\uff0c\u4e0d\u5c11\u5206\u6790\u5e08\u4e5f\u6307\u51fa\uff0c\u5982\u679c\u672a\u6765\u4e24\u5e74\u771f\u7684\u4f1a\u5982\u540c\u5927\u591a\u6570\u7ecf\u6d4e\u5b66\u5bb6\u9884\u6d4b\u7684\u90a3\u6837\uff0c\u51fa\u73b0\u7ecf\u6d4e\u8870\u9000\uff0c\u90a3\u4e48\u5bf9\u4e8e\u4efb\u4f55\u516c\u53f8\u6765\u8bf4\uff0c\u7531\u4e8e\u672a\u6765\u7684\u589e\u957f\u548c\u5229\u6da6\u6ca1\u6709\u4fdd\u8bc1\uff0c\u5f53\u524d\u7684\u5229\u6da6\u5c06\u53d8\u5f97\u66f4\u52a0\u91cd\u8981\u3002<\/p>\n\n\n\n

2020 \u5e74\u7684\u8f6c\u6298\u673a\u9047\uff1a<\/strong>\u76f4\u63a5\u4e0a\u5e02\u5c06\u6210\u4e3a\u66f4\u591a\u4f01\u4e1a\u7684\u9009\u62e9<\/strong><\/p>\n\n\n\n

\u5c3d\u7ba1 2019 \u5e74\u7ed9\u4e86\u4e0d\u5c11\u6295\u8d44\u8005\u548c\u521d\u521b\u516c\u53f8\u4e00\u8bb0\u91cd\u51fb\uff0c\u4f46\u8fd9\u5e76\u6ca1\u6709\u8ba9\u4ed6\u4eec\u5931\u53bb\u5bf9 2020 \u5e74\u7684\u4e0a\u5e02\u4fe1\u5fc3\u3002\u5728\u5206\u6790\u5e08\u4eec\u770b\u6765\uff0c2020 \u5e74\u7684\u5e02\u573a\u5c06\u51fa\u73b0\u81f3\u5c11 3 \u4e2a\u7279\u70b9\u3002<\/p>\n\n\n\n

\u9996\u5148\uff0c\u6709\u76c8\u5229\u80fd\u529b\u7684\u4f01\u4e1a\u5c06\u53d7\u5230\u5e02\u573a\u9752\u7750\u3002<\/strong><\/p>\n\n\n\n

\u5728 PitchBook \u7684\u9996\u5e2d\u65b0\u5174\u79d1\u6280\u5206\u6790\u5e08 Paul Condra \u770b\u6765\uff0c\u4e25\u91cd\u4e8f\u635f\u7684\u5927\u578b\u72ec\u89d2\u517d\u4e0a\u5e02\u7684\u60c5\u51b5\u4e0d\u592a\u53ef\u80fd\u5728 2020 \u5e74\u91cd\u6f14\uff0c2020 \u5e74\u7684 IPO \u5e02\u573a\u5c06\u8d8b\u4e8e\u7a33\u5b9a\u548c\u7406\u6027\uff0c\u6ea2\u4ef7\u4f30\u503c\u5c06\u7559\u7ed9\u90a3\u4e9b\u62e5\u6709\u975e\u5e38\u6e05\u6670\u7684\u76c8\u5229\u6a21\u5f0f\u548c\u4f4e\u5546\u4e1a\u98ce\u9669\u7684\u516c\u53f8\u3002<\/p>\n\n\n\n

\u4ee5 2020 \u5e74\u516c\u5f00\u5e02\u573a\u6700\u671f\u5f85\u7684 Airbnb \u4e3a\u4f8b\uff0c\u5c3d\u7ba1\u7531\u4e8e\u652f\u51fa\u548c\u6295\u8d44\u589e\u52a0\uff0c\u8be5\u516c\u53f8\u6700\u8fd1\u51e0\u4e2a\u5b63\u5ea6\u51fa\u73b0\u4e86\u4e8f\u635f\uff0c\u4f46\u5728\u8fc7\u53bb\u51e0\u5e74\uff0cAirbnb \u4e00\u76f4\u662f\u76c8\u5229\u72b6\u6001\uff0c\u5176\u76c8\u5229\u9014\u5f84\u4e5f\u88ab\u5e02\u573a\u8ba4\u53ef\u3002<\/p>\n\n\n\n

\u7b2c\u4e8c\uff0c\u5f88\u591a\u79d1\u6280\u516c\u53f8\u4f1a\u5728\u4e0d\u8fdb\u884c IPO \u7684\u60c5\u51b5\u4e0b\u76f4\u63a5\u4e0a\u5e02\u3002<\/strong><\/p>\n\n\n\n

\u5728 IPO \u4e2d\uff0c\u516c\u53f8\u901a\u8fc7\u5411\u516c\u5f00\u5e02\u573a\u6295\u8d44\u8005\u51fa\u552e\u65b0\u80a1\u6765\u7b79\u96c6\u8d44\u91d1\uff0c\u800c\u76f4\u63a5\u4e0a\u5e02\u5219\u4e0d\u540c\uff0c\u5b83\u53ea\u662f\u7b80\u5355\u5730\u6ce8\u518c\u4e0a\u5e02\uff0c\u5141\u8bb8\u73b0\u6709\u6295\u8d44\u8005\u51fa\u552e\u80a1\u7968\uff0c\u5176\u5728\u4e0a\u5e02\u9996\u65e5\u7684\u4ef7\u683c\u4e5f\u662f\u57fa\u4e8e\u5e02\u573a\u800c\u5b9a\u3002<\/strong><\/p>\n\n\n\n

\u76f4\u63a5\u4e0a\u5e02\u7684\u652f\u6301\u8005\u8ba4\u4e3a\uff0c\u8fd9\u662f\u4e00\u79cd\u66f4\u597d\u7684\u4e0a\u5e02\u65b9\u5f0f\uff0c\u56e0\u4e3a\u516c\u53f8\u4e0d\u9700\u8981\u51fa\u552e\u5927\u91cf\u65b0\u80a1\uff0c\u4e5f\u4e0d\u9700\u8981\u7a00\u91ca\u73b0\u6709\u80a1\u4e1c\u548c\u5458\u5de5\u7684\u6743\u76ca\u3002<\/p>\n\n\n\n

\u636e\u6d88\u606f\uff0c\u8ba1\u5212 2020 \u5e74\u4e0a\u5e02\u7684\u4ed3\u5e93\u7ba1\u7406\u7cfb\u7edf\u521d\u521b\u516c\u53f8 GitLab \u6b63\u5728\u4e0e\u6709\u5173\u673a\u6784\u8c08\u5224\uff0c\u503e\u5411\u4e8e\u9009\u62e9\u76f4\u63a5\u4e0a\u5e02\u3002\u8be5\u516c\u53f8\u5728 2019 \u5e74 9 \u6708\u7684\u4e00\u8f6e\u79c1\u52df\u878d\u8d44\u4e2d\u7b79\u96c6\u4e86 2.68 \u4ebf\u7f8e\u5143\uff0c\u8fd9\u8ba9\u5b83\u6709\u8db3\u591f\u7684\u8d44\u91d1\u76f4\u63a5\u4e0a\u5e02\u3002<\/p>\n\n\n\n

\u53e6\u5916\uff0cAirbnb \u7684\u521b\u59cb\u4eba\u5e03\u83b1\u6069\u00b7\u5207\u65af\u57fa\uff08Brian Chesky\uff09\u5728 CNBC \u7684\u91c7\u8bbf\u4e2d\u8868\u793a\uff0c\u5927\u591a\u6570\u4f01\u4e1a\u6025\u4e8e\u4e0a\u5e02\u7684\u9996\u8981\u539f\u56e0\u662f\u9700\u8981\u94b1\uff0c\u201c\u6211\u4eec\u4e0d\u9700\u8981\u7b79\u96c6\u8d44\u91d1\uff0c\u6240\u4ee5\u6211\u4eec\u5e76\u4e0d\u7740\u6025\u3002\u201d<\/p>\n\n\n\n

Airbnb \u7684\u521b\u59cb\u4eba\u5e03\u83b1\u6069\u00b7\u5207\u65af\u57fa\uff08Brian Chesky\uff09<\/p>\n\n\n\n

\u5206\u6790\u5e08\u8ba4\u4e3a\uff0c\u4e0e\u4f20\u7edf\u7684 IPO \u76f8\u6bd4\uff0cAirbnb \u53ef\u80fd\u4f1a\u5bfb\u6c42\u76f4\u63a5\u4e0a\u5e02\u3002\u5982\u679c Airbnb \u9009\u62e9\u4ee5\u76f4\u63a5\u4e0a\u5e02\u7684\u65b9\u5f0f\u8fdb\u5165\u516c\u4f17\u5e02\u573a\uff0c\u51ed\u501f\u5176\u793a\u8303\u6548\u5e94\uff0c\u76f4\u63a5\u4e0a\u5e02\u4f1a\u5bf9\u8d44\u672c\u5145\u8db3\u7684\u4f01\u4e1a\u66f4\u5177\u5438\u5f15\u529b\u3002<\/p>\n\n\n\n

\u4e0d\u8fc7\uff0c\u9664\u4e86 2018 \u5e74\u4e0a\u5e02\u7684 Spotify \u548c2019\u5e74\u4e0a\u5e02\u7684 Slack\uff0c\u76f4\u63a5\u4e0a\u5e02\u5e76\u6ca1\u6709\u592a\u591a\u6848\u4f8b\u53ef\u5faa\u3002Spotify \u548c Slack \u8d44\u672c\u5145\u8db3\uff0c\u4e0d\u9700\u8981\u901a\u8fc7 IPO \u6765\u7b79\u96c6\u989d\u5916\u8d44\u91d1\u3002<\/p>\n\n\n\n

\u66fe\u53c2\u4e0e Slack \u548c Spotify \u4ea4\u6613\u7684 Latham & Watkins \u5f8b\u5e08\u4e8b\u52a1\u6240\u5408\u4f19\u4eba Greg Rodgers \u9884\u6d4b\uff0c\u5728 2020 \u5e74\uff0c\u81f3\u5c11\u4f1a\u6709 5 \u5bb6\u516c\u53f8\u76f4\u63a5\u4e0a\u5e02\u3002<\/p>\n\n\n\n

\u7b2c\u4e09\uff0c\u79d1\u6280\u516c\u53f8\u5c06\u9009\u62e9\u5728 2020 \u5e74\u4e0a\u534a\u5e74\u4e0a\u5e02\u3002<\/strong><\/p>\n\n\n\n

\u5bf9\u4e8e\u7b49\u5f85\u4e0a\u5e02\u7684\u516c\u53f8\uff0c2020 \u5e74\u4e5f\u5b58\u5728\u8bf8\u591a\u4e0d\u786e\u5b9a\u56e0\u7d20\uff0c\u6bd4\u5982\u5373\u5c06\u5230\u6765\u7684\u603b\u7edf\u5927\u9009\uff0c\u4ee5\u53ca\u5bf9\u4e8e\u7ecf\u6d4e\u8870\u9000\u7684\u9884\u6d4b\u3002<\/p>\n\n\n\n

Equity Zen \u521b\u59cb\u4eba\u517c\u9996\u5e2d\u6295\u8d44\u5b98 Phil Haslett \u8868\u793a\uff0c\u5e0c\u671b\u5728 2020 \u5e74\u4e0a\u5e02\u7684\u516c\u53f8\u53ef\u80fd\u4f1a\u9009\u62e9\u5728\u4eca\u5e74\u4e0a\u534a\u5e74\u4e0a\u5e02\uff0c\u4ee5\u907f\u514d\u5927\u9009\u524d\u53ef\u80fd\u51fa\u73b0\u7684\u5e02\u573a\u52a8\u8361\u3002<\/p>\n\n\n\n

“\u4efb\u4f55\u7c7b\u578b\u7684\u5e02\u573a\u6ce2\u52a8\u548c\u4e0d\u786e\u5b9a\u6027\u90fd\u662f IPO \u7684\u81f4\u547d\u5f31\u70b9\uff0c” Haslett \u8bf4\uff0c\u201c\u968f\u7740\u6ce2\u52a8\u6027\u4e0a\u5347\uff0cIPO \u6570\u91cf\u4f1a\u4e0b\u964d\u3002\u201d<\/p>\n\n\n\n

\u5c55\u671b\uff1a<\/strong>2020 \u5e74\u6709\u54ea\u4e9b\u65b0\u7684\u53c2\u4e0e\u8005\uff1f<\/strong><\/p>\n\n\n\n

\u6839\u636e CB Insights 2019 \u5e74 12 \u6708\u53d1\u5e03\u7684\u4e00\u4efd\u65b0\u62a5\u544a\uff0c\u81f3\u5c11\u6709 23 \u5bb6\u521d\u521b\u516c\u53f8\u5e0c\u671b\u5728 2020 \u5e74\u901a\u8fc7\u4f20\u7edf\u7684 IPO \u6216\u76f4\u63a5\u4e0a\u5e02\u4e0a\u5e02\u3002<\/p>\n\n\n\n

\u90a3\u4e48\uff0c\u5e02\u573a\u6700\u671f\u5f85\u7684\u4f01\u4e1a\u6709\u54ea\u4e9b\uff1f<\/p>\n\n\n\n

\u6700\u53d7\u77a9\u76ee\u7684\u9009\u624b\u4e4b\u4e00\u662f Airbnb\u3002<\/strong>\u8be5\u516c\u53f8\u6700\u521d\u9884\u8ba1\u5728 2019 \u5e74\u4e0a\u5e02\uff0c\u4f46\u73b0\u5728\u5df2\u7ecf\u63a8\u8fdf\u5230 2020 \u5e74\u3002\u636e PitchBook \u7684\u6570\u636e\uff0cAirbnb \u8fc4\u4eca\u5df2\u878d\u8d44 44 \u4ebf\u7f8e\u5143\uff0c\u4f30\u503c\u8fbe\u5230 310 \u4ebf\u7f8e\u5143\u3002<\/p>\n\n\n\n

\u5728\u7ebf\u7a7a\u623f\u51fa\u79df\u5e73\u53f0 Airbnb \u6210\u7acb\u4e8e 2008 \u5e74\uff0c\u7531 Andreessen Horowitz \u57fa\u91d1\u548c\u7ea2\u6749\u8d44\u672c\u7b49\u91cd\u91cf\u7ea7\u98ce\u9669\u6295\u8d44\u96c6\u56e2\u63d0\u4f9b\u8d44\u91d1\u652f\u6301\uff0c\u6295\u8d44\u8005\u4eec\u7b49\u5f85\u5df2\u4e45\uff0c\u90fd\u5e0c\u671b\u80fd\u591f\u83b7\u5f97\u4e30\u539a\u7684\u56de\u62a5\u3002<\/p>\n\n\n\n

\u884c\u4e1a\u8ba4\u4e3a\uff0c\u5728\u7ecf\u5386 2019 \u5e74\u7684\u6253\u51fb\u4e4b\u540e\uff0cAirbnb \u7684\u6210\u529f\u4e0a\u5e02\u5c06\u6781\u5927\u5730\u6fc0\u52b1 2020 \u5e74\u7684\u5e02\u573a\uff0c\u5bf9\u5916\u53d1\u51fa\u4fe1\u53f7\u2014\u2014\u8fd9\u4e2a\u5e02\u573a\u4ecd\u7136\u662f\u63a5\u53d7\u79d1\u6280\u521d\u521b\u516c\u53f8\u7684\u3002<\/strong><\/p>\n\n\n\n

\u4e0d\u8fc7\uff0cPitchBook \u7684\u9996\u5e2d\u65b0\u5174\u79d1\u6280\u5206\u6790\u5e08 Paul Condra \u4e5f\u8868\u8fbe\u4e86\u5bf9 Airbnb \u524d\u666f\u7684\u62c5\u5fe7\u3002\u201cAirbnb\u53ef\u80fd\u4f1a\u7ee7\u7eed\u6269\u5f20\u548c\u589e\u957f\uff0c\u4f46\u8fd1\u671f\u4e0d\u65ad\u6269\u5927\u7684\u635f\u5931\u3001\u6301\u7eed\u5b58\u5728\u7684\u9690\u79c1\u3001\u8d28\u91cf\u3001\u7a0e\u6536\u548c\u76d1\u7ba1\u95ee\u9898\uff0c\u4ee5\u53ca Sonder \u548c WhyHotel \u7b49\u9152\u5e97\u79df\u8d41\u516c\u53f8\u7684\u5165\u5c40\uff0c\u53ef\u80fd\u4f1a\u8ba9\u5b83\u4e0d\u90a3\u4e48\u597d\u8fc7\u3002\u201d<\/p>\n\n\n\n

\u9664\u4e86 Airbnb\uff0c\u53e6\u4e00\u4e2a\u503c\u5f97\u5173\u6ce8\u7684\u662f\u5916\u5356\u9001\u9910\u516c\u53f8 DoorDash\u3002<\/strong><\/p>\n\n\n\n

Doordash Inc \u7531 3 \u540d\u65af\u5766\u798f\u5927\u5b66\u751f\u5728 2013 \u5e74\u521b\u7acb\u3002\u6839\u636e\u6d88\u8d39\u5e02\u573a\u5206\u6790\u516c\u53f8 Second Measure \u7684\u6570\u636e\uff0c2019 \u5e74 10 \u6708\uff0cDoorDash \u5df2\u7ecf\u5360\u636e\u4e86\u7f8e\u56fd\u9910\u996e\u5916\u5356\u5e02\u573a\u7684 35%\uff0c\u4f4d\u5c45\u7b2c\u4e00\u540d\uff0c\u9886\u5148\u4e8e Grubhub\uff0830%\uff09\u548c Uber\uff0820%\uff09\u3002<\/p>\n\n\n\n

\u636e\u62a5\u9053\uff0cDoorDash \u8ba1\u5212\u901a\u8fc7\u76f4\u63a5\u4e0a\u5e02\u8fdb\u5165\u516c\u5f00\u5e02\u573a\uff0c\u53ef\u80fd\u4f1a\u53d6\u6d88\u6295\u8d44\u8005\u8def\u6f14\uff0c\u5e76\u5141\u8bb8\u73b0\u6709\u80a1\u4e1c\u51fa\u552e\u80a1\u7968\u3002\u636e PitchBook \u7684\u6570\u636e\uff0c\u867d\u7136\u6ca1\u6709\u76c8\u5229\uff0c\u4f46\u8be5\u516c\u53f8\u8fc4\u4eca\u4e3a\u6b62\u5df2\u7ecf\u7b79\u96c6\u4e86 20 \u591a\u4ebf\u7f8e\u5143\uff0c\u4f7f\u5176\u4f30\u503c\u8fbe\u5230 130 \u4ebf\u7f8e\u5143\u3002<\/p>\n\n\n\n

\u4f46\u662f\uff0cDoorDash \u5b83\u4e5f\u9762\u4e34\u7740\u8d8a\u6765\u8d8a\u591a\u7684\u653f\u5e9c\u76d1\u7ba1\u90e8\u95e8\u8c03\u67e5\uff0c\u4ee5\u53ca\u8d8a\u6765\u8d8a\u5927\u7684\u5229\u6da6\u538b\u529b\u3002<\/p>\n\n\n\n

DoorDash \u7684\u7ade\u4e89\u5bf9\u624b\u4e4b\u4e00 Postmates \u4e5f\u662f 2020 \u5e74\u4e0a\u5e02\u5019\u9009\u8005\u3002<\/strong><\/p>\n\n\n\n

\u6709\u6d88\u606f\u79f0\uff0cPostmates \u65e9\u5728 2 \u6708\u4efd\u5c31\u79d8\u5bc6\u63d0\u4ea4\u4e86\u4e0a\u5e02\u7533\u8bf7\uff0c\u4f46\u7531\u4e8e Slack\u3001Lyft \u548c Uber \u7b49\u79d1\u6280\u72ec\u89d2\u517d\u7684\u80a1\u4ef7\u5728\u4e0a\u5e02\u540e\u906d\u5230\u91cd\u632b\uff0c\u5b83\u6700\u7ec8\u9009\u62e9\u63a8\u8fdf IPO\u3002\u6839\u636e Crunchbase \u7684\u6570\u636e\uff0c\u8be5\u516c\u53f8\u7684\u4f30\u503c\u4e3a 24 \u4ebf\u7f8e\u5143\uff0c\u5e76\u5f97\u5230\u8d1d\u83b1\u5fb7(BLK)\u3001\u66fc\u54c8\u987f\u98ce\u9669\u6295\u8d44\u516c\u53f8\u3001Harmony Partners \u7b49\u516c\u53f8\u7684\u652f\u6301\u3002<\/p>\n\n\n\n

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