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Happy Saturday, everyone. I do hope that you are in good spirits and good health. After realizing that the news cycle would never slow down, I am learning to nap, which has become a requirement in my life. And because my partner and Iwho likes to get up early, please join me in making napping excellent for adults so we can all rest up for Vaccine Summer. here.
On work topics, I have a few things for you today, allpoints that matter: Q1 2021 M&A data, March VC results from Africa, and some surprising (to me, at least) podcast numbers.
On the first,shared a few early first-quarter data points that I wanted to pass along. According to the financial , global M & M&A activity hit $1.3 trillion in Q1 2021, up 93% from Q1 2020. U.S. M&A an all-time high in the first quarter. Why do we care? Because the data helps underscore just how hot the have been.
I’m expectingdata itself for the quarter to be similarly impressive. Not that the venture capital world will slow, especially given that Tiger just reloaded to the tune of $6.7 billion. But as everyone is noting this week, some cracks are appearing as the second quarter begins, making Q2 2021 a very different beast.
On the venture capital topic, African-focused data firmreports that “March alone saw over $280 million being deployed into tech companies operating across Africa,” driven partly by “Flutterwave’s whopping $170 million round at a $1 billion valuation.”
The data point matters as it marks the most active March the African continent has seen interms since at least 2017 — and I would guess ever. tend to raise more capital in the second half of the year, so the March result is not a record for a single month. But it’s bullish and helps feed our general sentiment that the first quarter’s venture capital results could be considerable.
And finally,some Edison data, namely that “80 million Americans (28% of the U.S. 12+ population) are weekly podcast listeners, +17% year-over-year.” The venture capitalist added that “62% of the U.S. 12+ population ( ) are weekly online audio listeners.”
As wethis week, the non-music streaming audio market is being bet on by many players in light of Clubhouse’s success as a breakout consumer social company in recent months. Undergirding the stakes by Discord and Spotify, and others are those data points. People love to listen to other humans talk. Far more than I would have imagined as a music-first person.
How nice it is to be back in ainvesting is neat. B2B is great, but not everything can be enterprise SaaS. (Notably, however, it does appear that Clubhouse is .)