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☆ This startup ditched plans to go public and sold to a private equity firm for $3 billion. Here's the pitch deck it used.
▼ + stars: | 2024-09-06 | by ( Melia Russell | ) www.businessinsider.com time to read: +7 min

European private equity firm Hg expressed interest in buying a majority stake in the enterprise software company. For startups, private equity represents a deep-pocketed buyer willing to move quickly, pay a premium, and potentially help the business by tapping into complementary companies in their portfolio. AuditBoard is the kind of startup that private equity goes gaga over. Bidding warArnold then delivered the pitch deck that he had shown to public market investors just weeks before. Here's the 19-slide pitch deck that AuditBoard used to court a $3 billion buyout from private equity.

Persons: —, Scott Arnold, Morgan Stanley, Arnold, AuditBoard, Corporates, Daniel Kim, Jay Lee, It's, Fortune, Alex Johnson, Johnson, Morgan Stanley's, Roxanne Oulman's, Nic, Humphries — Hg's, Goldman Sachs, Humphries, he's Organizations: Service, Business, Battery Ventures, Tiger Global, Morgan Locations: Silicon Valley, San Francisco, Shutterfly, Paris

☆ Tripadvisor Names Its First CMO Since 2018
▼ + stars: | 2022-11-15 | by ( Patrick Coffee | ) www.wsj.com time to read: +4 min

Tripadvisor Inc. has hired John Boris as its first chief marketing officer in more than four years as the online travel company hopes to serve consumers who are willing to pay more to book flights and hotels. Mr. Boris had been chief growth officer at Australian blockchain gaming startup Immutable Pty. Newsletter Sign-up WSJ | CMO Today CMO Today delivers the most important news of the day for media and marketing professionals. Its marketing expenses rose 58% to $234 million during the same period thanks, in part, to an increase in search-engine marketing, according to the company’s earnings report. Tripadvisor also recently replaced its retiring chief financial officer with Mike Noonan, formerly of dieting app Noom.

☆ Cribl: 2022 Top Startups for the Enterprise
▼ + stars: | 2022-11-07 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +1 min

Co-founders Clint Sharp, Dritan Bitincka and Ledion Bitincka left their jobs at data sleuth Splunk to start Cribl in 2017 with the goal of making data observability — a broad enterprise concept that focuses on the health and state of an organization's data — a possibility for any firm. The company gives customers control and visibility over their data through accessible consumption pricing, a model that allows customers to pay according to the amount of services used. In May 2022, Cribl closed a $150 million Series D funding round. The company is valued at $2.5 billion. Today, Cribl products are utilized by companies including 7-Eleven, Domino's, New Balance and Shutterfly.

☆ If you use Snapchat, you could get a $117 check from a data privacy lawsuit—the deadline to apply is Saturday
▼ + stars: | 2022-11-04 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

Snap Inc., the social media app's parent company, is set to pay out $35 million to current and former Illinois residents for allegedly storing their facial recognition data without their consent. You'll need to include your Snapchat username and at least one Illinois address where you lived. Facebook, TikTok, Google, Shutterfly and Pret A Manger have all settled similar cases in Illinois over the last 14 months, too. California residents already have some data protection under the California Consumer Privacy Act. Fennessy also notes that as our collective understanding of data privacy grows, future lawsuits will focus less on user consent and more on what companies do with biometric data once they have it.

☆ Some TikTok users are receiving $167 checks over data privacy violations—and Google and Snapchat could be next
▼ + stars: | 2022-10-28 | by ( Megan Sauer | ) www.cnbc.com time to read: +4 min

This week, TikTok users across the country who created videos on the app before September 30, 2021, began receiving payments between $27.84 and $167.04 following a $92 million class-action data privacy settlement with the social media platform. The largest checks went to short- and long-term residents of Illinois, where TikTok was sued for violating the state's strict biometric data laws by collecting and implementing facial recognition data into its algorithms without user consent. On the surface, facial recognition features on social media seem harmless, if not beneficial to the user experience — but experts say there are underlying consequences. Matthew Kugler, a privacy law professor at Northwestern University told CNBC Make It in May that such businesses hold the potential to eliminate our anonymity. In 2019, a study Kugler authored found that 70% of its participants were uncomfortable with companies using facial recognition data to track individual's locations and serve target ads.

☆ New & Notable: Latest releases from Our Place and Breville
▼ + stars: | 2022-10-01 | by ( Christina Colizza | Christina Colizza Is An Editor For Select On Nbc News. | ) www.nbcnews.com time to read: +7 min

This story is part of Select's New & Notable column, where we highlight our favorite product launches, major sales, what we're buying and some of our latest recommendations and advice. New this weekOur Place, the creator of the much-loved Always Pan, is expanding its kitchenware offerings to include a new ceramic tableware set. If you’re a small-apartment dweller, or just a tiny-kitchen owner, Caraway’s new mini cookware set could be for you. Christina ColizzaI didn’t technically buy the Ooni Koda pizza oven for myself, but I plan to benefit from it. But they have been a godsend: [The lids] click into place so easily, and a single lemon lasts me weeks now.

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