PrivCo Logo

Evolution of online communities 💬

Evolution of online communities 💬
March 9, 2021

The Daily Stack is a daily private market insights newsletter by PrivCo, a private company intelligence platform. Read our previous insights.
If you have friends who would enjoy reading this newsletter, please forward this email to them.

Modern technology has provided us with many new and wonderful ways to communicate. The Internet has made it possible for us to communicate with our family and friends instantaneously, which has been especially necessary during social distancing. Technology has also allowed connection with people we never would have known, sometimes on the other side of the world, due to shared hobbies and interests. From bulletin boards (BBS) and chat services like ICQ & MSN to Friendster, Myspace, Livejournal, and the rise of Facebook, Instagram, and now Tik Tok and Clubhouse, online technology has significantly advanced our way of communicating.

Source: Flickr

Social forums and message boards
Meme stocks drew renewed interest to social forums like Reddit. Although forums and message boards have been around the longest of the Internet technologies, they were recently less popular and focused on niches but have re-emerged as strong sticky mediums for communication. Users are able to join and build deep communities, and these communities' power, as shown in the recent movement of stock prices, is immense. Other notable forums include Quora, Twitch, Github, Gaia Interactive, and Imgur.

Community chat platforms
Although very similar to forums, community chat platforms are another way users are congregating around niche interests to communicate, often in real-time. Slack and Discord are all successful community platforms that have expanded beyond their initial intended use of workplace communication platforms and gamer communication platforms to incorporate new niche community communication. 

 Audio communication 
We have talked about the returning trend of audio communication before and how audio-only apps like Clubhouse have become an easier way to reach busy households amidst the growing usage of smart speakers and the need to multi-task. Although casual in nature, the ability to hear nuances and emotion in comparison to text is something that makes audio hard to rule out as a great medium for communication.

Ready to give up sweatpants? 
Retailers are beginning to see more formal wear purchases and a sign that consumers are ready to get out and about.
[Read More]
Theaters can open up but…
As studios push towards streaming movie premieres online, theaters perceive a struggle, even after they open up.
[Read More]
Since last week, PrivCo has added:
582 Companies | 210 Funding Activities | 138 M&A Deals

Funding & Deal Highlights:

Vestiaire Collective raises $216MM
Specialty Retail • Equity • Paris, France

BurnAlong raises $7MM 
Mental Health Software & Internet Services • Equity • Owings Mills, MD

Airbyte raises $5.MM led by Accel Partners
Data Integration Software & Internet Services • Seed • San Francisco, CA

Looped Mobile App raises $7.7MM
Events Software & Internet Services • Seed • New York, NY

West Tenth raises $1.5MM led by Better Ventures
Software & Internet Services • Equity • Los Angeles, CA

Nuvolo Technologies Corporation raises $31MM led by Insight Partners
Cloud Software & Internet Services • Round C • Paramus, NJ

Around raises $10MM
Software & Internet Services • Round A • Redwood City, CA

Fuzzy Pet Health raises $1.8MM
Apparel, Footwear & Accessories • Round B • San Francisco, CA

Beam Dental raises $80MM led by Traverse Fund
Commercial Products & Office Supplies • Round E • Louisville, KY

Stony Creek Colors raises $9MM led by multiple investors
Agricultural Products • Round B • Goodlettsville, TN

Fillogic raises $2.5MM led by Food Retail Ventures
Logistics Services • Seed • New York, NY 

Full Speed Automation raises $3.2MM led by HCVC
Industrial Software & Internet Services • Seed • Los Gatos, CA

IonQ merges with dMY Technology Group Inc III
Software & Internet Services • SPAC • College Park, MD

Evolv Technologies merges with NewHold Investment Corp.
Industrial Products • SPAC • Wayland, MA

Airspan Networks merges with New Beginnings Acquisition Corp
Telecommunication Services • SPAC • Boca Raton, FL

Panasonic acquires Blue Yonder Group for $5.2BN
Supply Chain Management Software & Internet Services • Acquisition • Scottsdale, AZ

DISH Network Corporate acquires Republic Wireless
Telecommunication Services • Acquisition • Raleigh, NC

Forward to a Friend Forward to a Friend
Not a subscriber yet? Sign up here!
Have an interesting topic you want us to include. Let us know!
Copyright © 2021 PrivCo Media, LLC. All Rights Reserved.
Unsubscribe | | Contact Us
PrivCo Logo

© 2024 PrivCo Media, LLC


HomeSign inContactPricing