Collaborate Disseminate
When Jay Srinivasan’s last company got acquired by Google, he and his co-founders were ready to get going right away — but they couldn’t figure out how to get ramped up or where things were. That’s sometimes a refrain you’ll hear from employees of companies that are acquired, or any employees really, who suddenly have to […] Continue reading Spoke looks to create a simpler workplace requests management tool
Credit Karma, which once started as a simple credit report system and is now looking to expand into a true financial assistant, announced today it is getting a massive $500 million secondary investment from Silver Lake. As part of the investment, Credit Karma says it is getting a 23% bump in the valuation from its […] Continue reading Silver Lake is buying a $500M stake in Credit Karma in a massive secondary round
After rocketing to a $250 million valuation in 2015 amid a massive hype cycle for on-demand companies, on-demand startup Shyp is shutting down today. CEO Kevin Gibbon announced that the company would be shutting down in a blog post this afternoon. The company is ending operations immediately after, like many on-demand companies, struggling to find […] Continue reading On-demand shipping startup Shyp is shutting down
Rackspace, which was taken private in a $4.3 billion deal in August 2016 by private equity firm Apollo Global Management, is reportedly in consideration for an IPO by the firm, according to a report by Bloomberg. The company could have an enterprise value of up to $10 billion, according to the report. Rackspace opted to […] Continue reading Rackspace may reportedly go public again after a $4.3B deal took it private in 2016
Dropbox went public this morning to great fanfare, with the stock shooting up more than 40% in the initial moments of trading as the enterprise-slash-consumer company looked to convince investors that it could be a viable publicly-traded company. And for one that Steve Jobs famously called a feature, and not a company, it certainly was […] Continue reading Drew Houston on wooing Dropbox’s IPO investors: “We don’t fit neatly into any one mold”
Dropbox made its public debut today, with the stock soaring nearly 40% on its first day of trading — meaning the company will now be beholden to the same shareholders that sent the company’s valuation well north of $10 billion. As a file-sharing and collaboration service, Dropbox’s first principle is going to be user trust, […] Continue reading Dropbox CEO Drew Houston emphasizes user trust on IPO day amid Facebook’s troubles
Dropbox, after more than a decade, finally went public this morning — and the stock soared more than 40% in its initial trading, making it a marquee success for one of the original Web 2.0 companies (at least for now). While we still have to wait for the dust to settle, it’s been a very […] Continue reading Y Combinator’s Jessica Livingston on Dropbox IPO: “It was just a dream of ours”
Dropbox is pricing above the range it originally set ahead of its public listing tomorrow, handing the company a valuation inching ever-closer to its original $10 billion valuation, according to a report by CNBC. Dropbox earlier this week said it would price its initial public offering in a range between $18 and $20 per share, […] Continue reading Dropbox prices above its original range at $21 as it heads toward an IPO
Dropbox said it would be increasing its IPO price range – the range for which it will sell its shares for its initial public offering — from $16-$18 per share to $18-$20 per share, giving the company a valuation that could reach close to $8 billion, according to an updated filing with the Securities and […] Continue reading Dropbox boosts its price range for its IPO as it nears an $8B valuation
Travis Kalanick, the former Uber CEO who was shown the door in June last year amid a series of major controversies, has already found his next leading role following his announcement of a new investment fund just weeks ago. Kalanick said on Twitter that his fund would be investing $150 million to take a controlling […] Continue reading Travis Kalanick is already back running a company with a $150M investment