Collaborate Disseminate
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 […] Continue reading DigitalOcean’s IPO filing shows a two-class cloud market
As startups get more broad and stay private longer, the space into which VCs can invest may narrow. Continue reading With software markets getting bigger, will more VCs bet on competing startups?
Another hour, another billion-dollar round. That’s how February is kicking off. This time it’s Databricks, which just raised $1 billion Series G at a whopping $28 billion post-money valuation. Databricks is a data-and-AI focused company that interacts with corporate information stored in the public cloud. News of the new round began leaking last week. Franklin […] Continue reading Databricks raises $1B at $28B valuation as it reaches $425M ARR
Amidst the sturm und drang of l’affaire GameStop, the cloud software vendor received a warm welcome from public investors. Continue reading After soaring above $23B, Qualtrics’ founder and CEO reflect on a stellar debut
The Qualtrics debut is going to be huge, and that matters. Can the bankers get its IPO price closer to what retail investors are willing to pay? Continue reading A first look at Qualtrics’ IPO pricing
Today, let’s peek at new and historical growth numbers from Gthmhub, Perdoo, WorkBoard, Ally.io, Koan and WeekDone. Continue reading Rapid growth in 2020 reveals OKR software market’s untapped potential
Today after the bell, Salesforce reported its third-quarter earnings for its fiscal 2021, a period that ended October 31, 2020. The CRM giant reported top-line revenue of $5.42 billion, up 20% from the year-ago period. Salesforce also had net income of $1.08 billion and earnings per share of $1.15. Analysts had expected the company to […] Continue reading Salesforce beats growth expectations, as investors digest the Slack acquisition
On the heels of news that DoorDash is targeting an initial IPO valuation up to $27 billion, C3.ai also dropped a new S-1 filing detailing a first-draft guess of what the richly valued company might be worth after its debut. C3.ai posted an initial IPO price range of $31 to $34 per share, with the […] Continue reading C3.ai’s initial IPO pricing guidance spotlights the public market’s tech appetite
Last night Datto priced its IPO at $27 per share, the top end of its range that TechCrunch covered last week. The data and security-focused software company had targeted a $24 to $27 per-share IPO price range, meaning that its final per-share value was at the top of its estimates. The Exchange explores startups, markets […] Continue reading Lessons from Datto’s IPO pricing and revenue multiple
Now that the great Y Combinator rush is behind us, we’re returning to a topic many of you really seem to care about: no-code and low-code apps and their development. We’ve explored the theme a few times recently, once from a venture-capital perspective, and another time building from a chat with the CEO of Claris, […] Continue reading COVID-19 is driving demand for low-code apps