Industry News
Salesforce delivers, Wall Street doubts as stock falls 6.3% post-earnings
Wall Street investors can be fickle beasts. Take Salesforce as an example. The CRM giant announced a $5.82 billion quarter when it reported earnings yesterday. Revenue was up 20% year over year. The company also reported $21.25 billion in total revenue for the just closed FY2021, up 24% YoY. If that wasn’t enough, it raised […]
EC roundup: BNPL startups, growth marketing tips, solid state battery market map, more
When I needed a new sofa several months ago, I was pleased to find a buy now, pay later (BNPL) option during the checkout process. I had prepared myself to make a major financial outlay, but the service fees were well worth the convenience of deferring the entire payment. Coincidentally, I was siting on said […]
Sources: Lightspeed Venture Partners is close to hiring a new London-based partner to put down further roots in Europe
Lightspeed Venture Partners, the well-known Silicon Valley venture capital firm that has backed the likes of DoubleClick and Snapchat, is in the midst of hiring a new London-based investment partner as it looks to put down further ties to Europe, TechCrunch has learned. According to multiple sources, Paul Murphy, whose investments include Tier, Hopin, Klang, […]
DigitalOcean’s IPO filing shows a two-class cloud market
This morning DigitalOcean, a provider of cloud computing services to SMBs, filed to go public. The company intends to list on the New York Stock Exchange (NYSE) under the ticker symbol “DOCN.” DigitalOcean’s offering comes amidst a hot streak for tech IPOs, and valuations that are stretched by historical norms. The cloud hosting company was […]
USV has been aggressively selling off shares in Coinbase in run up to IPO
Coinbase’s S-1 publicly dropped this morning with much anticipation. My colleague Alex Wilhelm has the high-level details, but there was one major wrinkle for the crypto trading darling: two of its early investors seem to be cutting down their stakes pre-IPO. Coinbase files to go public in a key listing for the cryptocurrency category The […]
Why F5 spent $2.2B on 3 companies to focus on cloud native applications
It’s essential for older companies to recognize changes in the marketplace or face the brutal reality of being left in the dust. F5 is an old-school company that launched back in the 90s, yet has been able to transform a number of times in its history to avoid major disruption. Over the last two years, […]
DataJoy raises $6M seed to help SaaS companies track key business metrics
Every business needs to track fundamental financial information, but the data typically lives in a variety of silos making it a constant challenge to understand a company’s overall financial health. DataJoy, an early stage startup, wants to solve that issue. The company announced a $6 million seed round today led by Foundation Capital with help […]
Lob raises $50M for its direct mail platform
Lob is a startup promising to help businesses deliver physical mail more quickly and affordably, and with more personalization. The company estimates that its platform has been used to deliver mail to one in two U.S. households. And today, it’s announcing that it has raised $50 million in Series C funding. CEO Leore Avidar told […]
Coinbase files to go public in a key listing for the cryptocurrency category
This morning Coinbase, an American cryptocurrency exchange, released an S-1 filing ahead of its direct listing. The company’s public debut has been hotly anticipated thanks to recent activity amongst bitcoin and other blockchain-based assets, the company’s controversial political positions, and its spiking valuation on private exchanges. Coinbase’s financials show a company that grew rapidly from […]