One Medical ($ONEMEDICAL), the Alphabet-backed startup that runs tech-enabled primary care clinics, is racing toward an IPO and 2020 looks like a continuation of 2019 with a slew of disruptive tech initial public offerings arriving on public markets to scale up and achieve profitability with a huge dose of new investor capital.
One Medical is hot on the heels of other big startups like TopGolf that weren't so eager to try to end 2019 with an initial public offering in light of the fact that so many startups were falling out of favor with investors. One Medical job postings, shown in our first chart, are up 65% over the last year, a signal that the San Francisco-based startup is carrying a solid growth trajector into its IPO, expected for the Nasdaq.
Headcount is soaring at One Medical - the healthcare startup grew staff about 35% across most of 2019, according to its LinkedIn ($NASDAQ:MSFT) Employee Headcount.
One Medical has operations in nine US cities, with plans to approach more markets in the near future, according to its filing. And, according to the filing, it's expanding into "enterprise" relationships with companies like Google, and Carlyle Group (see its S-1, on P. 170).
Facebook ($NASDAQ:FB) Likes are one area where One Medical has seen a decline - something that is potentially worrisome given its expansion into new markets. It's not a steep decline - just 1.6% since 2018 - but it's a signal that some consumers that once liked One Medical, actively went through the process of going to its Facebook page and disengaging with the brand.
And, while that might be worrisome for a clothing retailer or a theme park, chances are, if you went to One Medical, you weren't expecting to have an awesome day to begin with.
About the Data:
Thinknum tracks companies using the information they post online - jobs, social and web traffic, product sales and app ratings - and creates data sets that measure factors like hiring, revenue and foot traffic. Data sets may not be fully comprehensive (they only account for what is available on the web), but they can be used to gauge performance factors like staffing and sales.