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Search resuls for: "Jamin Ball"


3 mentions found


☆ The VC that predicted a 'mass extinction event for startups' says it's time for a 'Great Reawakening'
  + stars: | 2024-07-03 | by ( Melia Russell | ) www.businessinsider.com   time to read: +5 min
Read previewLast year's dearth of capital for startups forced many founders to stretch their cash runways. Efficiency is a hallmark of any good business, but Tom Loverro, an investor at 44-year-old Bay Area venture capital firm IVP, thinks startup founders should step off the brake pedal. The venture capitalist who rightly predicted a "mass extinction event for startups" over a year ago now says the worst is behind us. "We're on the cusp of a Great Reawakening for startups," Loverro wrote in a LinkedIn post. Given that the cloud software market is stabilizing and venture funding is available again to the best-in-breed startups, Loverro is telling startups with sound unit economics to increase their cash burn to speed up progress.
Persons: —, Tom Loverro, Loverro, shutdowns, Darwin, Ball, That's, Uber Organizations: Service, IVP, Business, Autonomy, TechCrunch, LinkedIn Locations: Stockholm
☆ Cloud software buyers are getting frugal, leading to slower growth at former highfliers
  + stars: | 2024-03-19 | by ( Jordan Novet | ) www.cnbc.com   time to read: +3 min
In 2020, as data analytics software vendor Snowflake was hitting the public market, one of the key stats it was touting to investors was net revenue retention. Snowflake's NRR at the time was 158%, meaning its existing customer base from a year earlier had increased its total spend by 58%. "More pressure on churn (as companies look to reduce point solutions in favor of platforms) and more difficult upsells have pushed net retention down," Ball added. Twilio , which sells cloud-based communications software, reported NRR of 102% in February, with just 5% year-over-year revenue growth. Almost all of Twilio's revenue comes from its division that contains technology for sending text messages and emails.
Persons: Snowflake, Chris Taylor, NRR, Wall, Snowflake's NRR, Aidan Viggiano, Mike Scarpelli, Sridhar Ramaswamy, Frank Slootman Organizations: New York Stock Exchange, NYSE, Nasdaq, Representatives Locations: Snowflake, U.S, Twilio
☆ Microsoft's AI growth is helping its cloud business weaken Amazon's lead
  + stars: | 2024-02-12 | by ( Jordan Novet | ) www.cnbc.com   time to read: +2 min
Microsoft CEO Satya Nadella appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. While Microsoft doesn't disclose revenue figures for its Azure cloud infrastructure, analyst figures suggest that five years ago it was half as big as AWS. In total, revenue at Azure increased 30% in the quarter, compared with 13% year-over-year growth at AWS. Microsoft has been adding graphics processing units (GPUs) to its data centers so that clients can run AI models in Azure. "We now have 53,000 Azure AI customers," CEO Satya Nadella told analysts on the company's earnings call.
Persons: Satya Nadella, Amy Hood, Microsoft's, OpenAI's ChatGPT, Jamin Ball, Andy Jassy Organizations: Economic, Amazon, Services, Microsoft, OpenAI, GPT, AWS Locations: Davos, Switzerland, Anthropic
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