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Want to create a startup? Join another first
  + stars: | 2022-11-29 | by ( Supantha Mukherjee | ) www.reuters.com   time to read: +2 min
[1/2] A sticker of French ride-sharing start-up BlaBlaCar is seen on a car May 27, 2017 at Le Coudray-Montceaux, near Paris, France. Each of those companies has led to the creation of more than 20 startups, helmed by former employees. Former employees from each of the newer startups like Babylon, Celonis, iZettle (IPO-IZET.ST) and SumUp have also created more than 10 companies. "Unicorns tend to create more rounded founders than large organizations like the tech behemoths because people have had kind of a better training ground for entrepreneurial activity," Nelis said. Employees in a startup tends to get access to many different functions from engineering to sales, giving them exposure to various parts of the business, he said.
"Be honest about why you need to find a new role"Lauren Illovsky is a talent partner at Gradient Ventures. Gradient VenturesPeople who get laid off might be tempted to try to hide it from recruiters. There's no need for tricks, said Lauren Illovsky, a talent partner at CapitalG, a firm that's backed by Alphabet. "In this climate, you don't need to worry about reputational damage from being let go due to a company restructuring or change in company priorities," Illovsky said. She tells people to treat a layoff like any other job transition.
Snyk: 2022 Top Startups for the Enterprise
  + stars: | 2022-11-07 | by ( Cnbc.Com Staff | ) www.cnbc.com   time to read: +1 min
As more companies write their own code to power digital operations, they need to bolster and modernize their online security. It's a "cloud-native" technology, engineered by Snyk to speed up production and help enterprises prevent future security issues. Developers at AWS, Google , Atlassian , Comcast , Twilio , CVS , Overstock, Manulife and Revolut are among the millions in DevOps across sectors of the economy that are using Snyk. Investors include venture arms of Atlassian and Salesforce, Tiger Global, Baillie Gifford, T. Rowe Price, Accel, BlackRock, Franklin Templeton, Geodesic Capital and Temasek. The 2022 Top Startups for the Enterprise list is powered and inspired by the members of CNBC's Technology Executive Council (TEC).
Monte Carlo: 2022 Top Startups for the Enterprise
  + stars: | 2022-11-07 | by ( Cnbc.Com Staff | ) www.cnbc.com   time to read: +1 min
Companies and their data analytics teams have more information to work with than ever before, but how do they know the data flowing through pipelines and across enterprise stacks is reliable? That's a question that led to the birth of the "data observability" niche, and has helped to turn some startups quickly into big companies, such as Databricks, and also pushed fellow "Top Startups" company Monte Carlo to a billion-dollar plus valuation. Founded by two executives who previously worked in customer experience and data security, Monte Carlo helps companies ensure that the increasing flow of data isn't only secure, but is available across an enterprise in real-time, leading to improved customer understanding and prevention of costly mistakes. Monte Carlo customers include companies across many sectors of the economy, from JetBlue to Affirm , Autotrader, Compass , Asics, GoodRx , and Shipt. Investors include some of Silicon Valley's largest VC firms, including Accel, GGV Capital and IVP.
Virtual whiteboards are becoming essential workplace tools, as evidenced by Adobe's bid for Figma. The $20 billion price tag only further signaled the boom around virtual whiteboards, which allow users to collaborate visually and are quickly becoming essential tools alongside videoconferencing and workplace messaging. Besides Figma, Miro has gained momentum over the past two years, growing to 40 million users from 5 million users. But industry insiders think virtual whiteboards will become just one piece of a visual-collaboration arena. As a result, companies like Miro, Canva, and Lucid are on similar paths toward becoming larger visual-communications platforms.
Startups, Investors Bet on Remote Work Future
  + stars: | 2022-11-03 | by ( Angus Loten | ) www.wsj.com   time to read: +6 min
Even as more employers signal an end to remote work, tech startups and their investors are betting that it is here to stay, offering a range of digital tools designed to support a permanent workforce outside of the office. “Investors are super-pumped on remote,” Mr. Salam said. “Remote work is a durable phenomenon,” said Ravi Gupta, a partner at Sequoia who led the firm’s investment in Remote. Mr. Riggs said Frameable currently has hundreds of commercial customers, who rent its software with rates varying by the number of users. “I may be a bit biased, but I absolutely believe remote work is here to stay,” said Remote’s Mr. van der Voort.
New York-based trading app Public.com is set to launch in the European market in 2023. The startup, which is valued at $1.2 billion, is backed by Tiger Global and a string of celebrities. Public's shift into the European market comes as talks to acquire Dutch counterpart Bux collapsed. Public.com, a US trading app backed by Tiger Global and a string of high-profile celebrities, is set to enter into the European market next year. The move comes as talks to acquire European counterpart Bux collapsed, a source familiar with the matter said.
Accel-backed insurance startup Luko has struggled to raise during the market downturn. The Paris-based company, which was founded in 2018, predominantly operates as a home insurance business by selling policies to homeowners and renters using its proprietary AI. The round valued the business at around 260 million euros ($253 million), according to one London-based source. Funding to insurance tech startups also plummeted 50% year-on-year to $2.41 billion in Q2, according to data from brokerage Gallager Re. The home insurance startup has also been forced to lose employees across the business in recent months in a bid to conserve cash.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech companies have a 'war chest' of cash to see through downturn, says VCPhilippe Botteri, partner at venture capital firm Accel, says that now, unlike during the 2008 financial crisis, tech companies are in decent position to weather the economic downturn as they have large piles of cash reserved from the pandemic boom.
While 51 cloud software developers raised funds at valuations of over $1 billion in the first quarter of 2022, only three did so in the third quarter, Accel's 2022 Euroscape report showed. The valuation of publicly listed cloud companies has also dropped to $1.2 trillion from $2.8 trillion in the last 12 months, Accel said. Rising interest rates and climbing inflation has led to contracted software valuations," said Philippe Botteri, a partner at Accel. "But we firmly believe that strong secular trends, like the shift to cloud, will continue to propel European and Israeli SaaS forward." There is around $770 billion available to buy cloud companies, with $440 billion of cash on the balance sheets of strategic investors and $330 billion of dry powder from technology-focused private equity funds, Accel estimated.
One of Amplitude’s largest shareholders when the data-analytics firm went public was Sequoia Capital. Venture-capital firms are jumping into the stock market, buying up battered shares in publicly traded tech companies at a time when they are investing less in the startups that have long been their focus. Some major venture firms including Accel and Lightspeed Venture Partners have purchased more stocks of companies they first backed as startups this year, defying the industry norm of selling those shares soon after public listings.
One of Amplitude’s largest shareholders when the data-analytics firm went public was Sequoia Capital. Venture-capital firms are jumping into the stock market, buying up battered shares in publicly traded tech companies at a time when they are investing less in the startups that have long been their focus. Some major venture firms including Accel and Lightspeed Venture Partners have purchased more stocks of companies they first backed as startups this year, defying the industry norm of selling those shares soon after public listings.
It was acquired by Miro in June but both parties kept quiet until contacted by Insider. Terms were not disclosed though one source put the value of the deal as high as $300 million. Miro, a visual collaboration company last valued at $17.5 billion, has quietly acquired Around, a next-generation video conferencing app. "A Zoom video call is basically a telephone connected to a video camera," Zane said. "We want to get the community to give us feedback in terms of the problems that we are solving."
Oct 11 (Reuters) - ForgeRock (FORG.N) said on Tuesday it will be acquired by buyout firm Thoma Bravo in an all-cash deal valued at about $2.3 billion, just over a year after the digital identity management company went public. ForgeRock shareholders will receive $23.25 for each share held, which represents a premium of about 53.4% to the stock's last closing price. Register now for FREE unlimited access to Reuters.com RegisterShares of ForgeRock jumped 50% to $22.76 before the bell. San Francisco-based ForgeRock provides identity and access management solutions for consumers, workforce and internet of things devices. Register now for FREE unlimited access to Reuters.com RegisterReporting by Eva Mathews in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
Investing app Public.com is in talks to acquire Dutch trading startup Bux, sources say. Bux was valued at an estimated $320 million to $480 million in 2021, but the expected deal price is lower. Investing app Public.com is in talks to acquire Dutch stock trading startup Bux, according to two sources with knowledge of the discussions. New York-based Public has been in active talks with Bux for two months, the sources said. Bux has never stated its valuation but was valued between $320 million and $480 million at its 2021 funding round, according to Dealroom estimates.
Supply-chain startup Fictiv recently raised $100 million in a Series E funding round. Insider got an exclusive look at the pitch deck Fictiv used to bring investors on board. Fictiv, a supply-chain-management startup, recently raised $100 million in a Series E funding round backed by Bill Gates and Accel. Activate Capital led the Series E round, with participation from new investors Angeleno Group, Cross Creek, and the Westly Group. Insider got an exclusive look at the pitch deck Fictiv used to bring investors on board.
Here are the biggest calls on Wall Street on Thursday: UBS upgrades Eli Lilly to buy from neutral UBS says it's bullish on the company's weight loss drug and sees upside potential. Morgan Stanley reiterates Amazon as overweight Morgan Stanley says the company's fulfillment network is the next great catalyst for Amazon shares. "The cybersecurity industry comprises what we see as five main pillars: identity, endpoint security, data security, network security, and cloud security. Morgan Stanley reiterates Microsoft as overweight Morgan Stanley says it sees an attractive risk/reward after meeting with company management. Morgan Stanley reiterates Meta as overweight Morgan Stanley says that reports of Meta cutting costs could prove to be an earnings tailwind.
Hi, I'm Matt Turner, the editor in chief of business at Insider. (If that term is new to you, it's "a state, society, or group governed by old people.") A new four-month investigation from our politics team looks at the disastrous effect it's having on American democracy. But our government has never been older than it is today. Rebecca Zisser/InsiderWith warm temperatures and low living costs, Florida has been a haven for retirees for decades.
Productivity startups boomed as a result, but the downturn will give large suites an advantage. Only productivity tools that carve out new niches or address new challenges will have a chance. Startups building new categories are more likely to surviveWhile the downturn makes it harder for productivity and collaboration startups to grow, experts say it's not impossible. Many of the most popular productivity startups address collaboration problems that aren't solved by the existing software tools or are creating a new category of workplace tools. Companies like Miro, Figma, and Canva are creating a new category of visual collaboration tools aimed at remote teams.
Customer management startup Catalyst raised a $20 million round, partially from its own customers. Here's the pitch deck Catalyst used for this $20 million strategic funding round. Customer management startup Catalyst wasn't looking to raise funding. The result was a $20 million non-traditional round with participation from 20 execs or leaders from companies in their customer base. Here is the pitch deck Chiu used to convince customers and key investors to invest.
Upcoming live events at Insider
  + stars: | 2022-01-19 | by ( Business Insider | ) www.businessinsider.com   time to read: +6 min
Below is a list of our upcoming in-person and virtual events, including exclusive fireside chats, compelling panels, and reporter Q&As. Featured Events for Sustainability & Climate ActionInsider Introducing the Optimist's Destination for Climate ActionApril 10, 2023 | 3 PM ETDetails to come! InsiderFor a Better Future: Bridging Culture, Business, and ClimatePresented by DeloitteApril 25, 2023 | 12 PM ETDetails to come! Panelists from Tinuiti, Jungle Scout, Bobsled Marketing, and Cure Hydration will discuss what this trend means — watch hereHow advertisers can navigate the death of the third-party cookie. To submit a potential speaker for an upcoming event, please complete this form.
Now, Asia's third largest economy is ready for the next big frontier in tech: Coming up with a new generation of software companies like Zoom or Slack. Of India's 10 SaaS unicorns, six reached that milestone in 2020, and investors around the world are paying attention. Thanks to the rise of India's IT industry, software engineering has become one of the most sought-after career options in the country. Despite the euphoria, there are some hurdles Indian companies have to overcome before they can deliver on the $1 trillion promise. SaaS companies, on the other hand, have to say no to 99% of [potential] customers, he added.
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