bbc
gadgets to use
geeky gadgets
gizmodo
jalopnik
jezebel
kotaku
lifehacker
ny times
pocket lint
readwrite
tech republic
tech world
techcrunch
technology
the inventory
the next web
venture beat
wired
count
sauces
help
I'm confused... What am I doing here?

Choose which sources you wish to remain and you're all set. Use the buttons to turn sources on and off.

What do the different colours mean?

Depending on if any articles/links are visible on the page there are 4 modes to show the state of your chosen sources.

on / visible on page

off / visible on page

on / not visible on page

off / not visible on page

This former Tesla CIO just raised $150 million more to pull car dealers into the 21st century - techcrunch

This former Tesla CIO just raised $150 million more to pull car dealers into the 21st century

“I have to choose my words carefully,” says Joe Castelino of Stevens Creek Volkswagen in San Jose, Ca., when asked about the software on which most car dealerships rely for inventory information, to manage marketing, to handle customer relationships and to otherwise help sell cars. Castelino, the dealership’s service director, laughs as he says this. […]
techcrunch - 11 minutes ago
Tesla is a chain of startups, Elon Musk explains - techcrunch

Tesla is a chain of startups, Elon Musk explains

Today during a call with investors and journalists, Tesla CEO Elon Musk was asked to expand a tweet from yesterday. In it, he stated: “Tesla should really be thought of as roughly a dozen technology startups, many of which have little to no correlation with traditional automotive companies.” Tesla wows on latest numbers In short, […]
techcrunch - 1 hour ago
Daily Crunch: Quibi is shutting down - techcrunch

Daily Crunch: Quibi is shutting down

The end is in sight for Quibi, PayPal adds cryptocurrency support and Netflix tests a new promotional strategy. This is your Daily Crunch for October 21, 2020. The big story: Quibi might be shutting down The much-hyped streaming video app led by Jeffrey Katzenberg and Meg Whitman, which raised nearly $2 billion in funding, is […]
techcrunch - 2 hours ago
4 quick bites and obituaries on Quibi (RIP 2020-2020) - techcrunch

4 quick bites and obituaries on Quibi (RIP 2020-2020)

In memory of the death of Quibi, here’s a quick sendoff from four of our writers who came together to discuss what we can learn from Quibi’s amazing, instantaneous, billions-of-dollars failure. Lucas Matney looks at what the potential was for Quibi and how it missed the mark in media. Danny Crichton discusses why billions of […]
techcrunch - 2 hours ago
Gillmor Gang: Something Goes Right - techcrunch

Gillmor Gang: Something Goes Right

Here we sit in the valley of predespair, 2 weeks ahead of the election and God knows where we are in the pandemic. As my partner Tina says to me on this once glorious sunny day (the view formerly known as the Pacific Ocean has been replaced by the fog like a Zoom background) we […]
techcrunch - 2 hours ago
Tesla wows on latest numbers - techcrunch

Tesla wows on latest numbers

Tesla’s latest quarterly numbers beat analyst expectations on both revenue and earnings per share, bringing in $8.77 billion in revenues for the third quarter. With the report that Tesla had already beaten Wall Street’s expectations for deliveries earlier this month, the question for today’s earnings call was how much efficiency (and by extension profit) the […]
techcrunch - 3 hours ago
Quibi is dead, reports say - techcrunch

Quibi is dead, reports say

Plagued with growth issues, Quibi, a short-form mobile-native video platform, is shutting down, according to multiple reports. The startup, co-founded by Jeffrey Katzenberg and Meg Whitman, had raised nearly $2 billion in its lifetime as a private company. Quibi did not respond to requests for comment from TechCrunch. The company’s prolific fundraising efforts spanned prominent […]
techcrunch - 4 hours ago
Datto trades modestly higher after pricing IPO at top of range - techcrunch

Datto trades modestly higher after pricing IPO at top of range

After pricing at $27 per share, Datto’s stock rose during regular trading. By mid-afternoon the data and security software company was worth $28.10, up a hair over 4%. The company’s IPO comes on the back of a rapid-fire Q3 in which a host of technology companies, particularly software, made it to the public markets. While […]
techcrunch - 5 hours ago
Founders don’t need to be full-time to start raising venture capital - techcrunch

Founders don’t need to be full-time to start raising venture capital

“More than 50% of our founders still are in their current jobs,” said John Vrionis, co-founder of seed-stage fund Unusual Ventures. The fund, which closed a $400 million investment vehicle in November 2019, has noticed that more and more startup employees are thinking about entrepreneurship as the pandemic has shown how much room there is […]
techcrunch - 6 hours ago
Boston Dynamics’ Spot is getting an arm and self-charging dock next year - techcrunch

Boston Dynamics’ Spot is getting an arm and self-charging dock next year

Boston Dynamics’ new CEO Rob Playter told TechCrunch that the company has now sold around 260 of its sophisticated Spot robot as of his appearance at Disrupt last month. While the company faced some questions about the commercial appeal of the $75,000 robot, it’s clear that a number of verticals are interested in finding ways […]
techcrunch - 6 hours ago
Rocket Lab’s Peter Beck is coming to TC Sessions: Space 2020 - techcrunch

Rocket Lab’s Peter Beck is coming to TC Sessions: Space 2020

Over the last few years Rocket Lab has gone from its very first orbital launch to regular commercial missions, with the goal of being the most responsive launch provider on the planet. Founder and CEO Peter Beck will join us at our all virtual TC Sessions: Space event happening on December 16 & 17 in […]
techcrunch - 6 hours ago
Prop 22 opponents say Yes on 22 should not be able to mail flyers as nonprofit - techcrunch

Prop 22 opponents say Yes on 22 should not be able to mail flyers as nonprofit

Opponents of California’s Proposition 22, the measure that seeks to continue classifying rideshare drivers and delivery workers as independent contractors, filed a complaint this morning with the United States Postal Service. The No on 22 campaign alleges the Yes side is not eligible for a nonprofit postal status and is asking USPS to revoke its […]
techcrunch - 6 hours ago
Kite adds support for 11 new languages to its AI code completion tool - techcrunch

Kite adds support for 11 new languages to its AI code completion tool

When Kite, the well-funded AI-driven code completion tool, launched in 2019, its technology looked very impressive, but it only supported Python at the time. Earlier this year, it also added JavaScript and today, it is launching support for 11 new languages at once. The new languages are Java, Kotlin, Scala, C/C++, Objective C, C#, Go, […]
techcrunch - 6 hours ago
Descript, Andrew Mason’s platform to edit audio by editing text, now lets you edit video, too - techcrunch

Descript, Andrew Mason’s platform to edit audio by editing text, now lets you edit video, too

Descript, the latest startup from Groupon co-founder Andrew Mason, made a splash in the world of audio last year with a platform for easy audio editing based on how you edit written documents, adding features like an AI-based tool that uses a recording of you to let you create audio of any written text in […]
techcrunch - 7 hours ago
Secureframe raises $4.5M to help businesses speed up their compliance audits - techcrunch

Secureframe raises $4.5M to help businesses speed up their compliance audits

While certifications for security management practices like SOC 2 and ISO 27001 have been around for a while, the number of companies that now request that their software vendors go through (and pass) the audits to be in compliance with these continues to increase. For a lot of companies, that’s a harrowing process, so it’s […]
techcrunch - 7 hours ago
Contrast launches its security observability platform - techcrunch

Contrast launches its security observability platform

Contrast, a developer-centric application security company with customers that include Liberty Mutual Insurance, NTT Data, AXA and Bandwidth, today announced the launch of its security observability platform. The idea here is to offer developers a single pane of glass to manage an application’s security across its lifecycle, combined with real-time analysis and reporting, as well […]
techcrunch - 7 hours ago
Bob Iger goes from managing Mickey to directing a milk replacement startup as new Perfect Day boardmember - techcrunch

Bob Iger goes from managing Mickey to directing a milk replacement startup as new Perfect Day boardmember

Bob Iger, the chairman and former chief executive at Walt Disney is trading his mouse ears for milk substitutes as the new director of massively funded dairy replacement startup Perfect Day. Milk substitutes are a $1 trillion category and Perfect Day is angling to be the leader in the market. Iger’s ascension to a director […]
techcrunch - 8 hours ago
Lessons from Datto’s IPO pricing and revenue multiple - techcrunch

Lessons from Datto’s IPO pricing and revenue multiple

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 […]
techcrunch - 8 hours ago
Mine raises $9.5M to help people take control of their personal data - techcrunch

Mine raises $9.5M to help people take control of their personal data

TechCrunch readers probably know that privacy regulations like Europe’s GDPR and California’s CCPA give them additional rights around their personal data — like the ability to request that companies delete your data. But how many of you have actually exercised that right? An Israeli startup called Mine is working to make that process much simpler, […]
techcrunch - 8 hours ago
Join Extra Crunch Live on October 27 for a conversation on early stage and storytelling success with GV’s M.G. Siegler - techcrunch

Join Extra Crunch Live on October 27 for a conversation on early stage and storytelling success with GV’s M.G. Siegler

If anyone knows early stage investing and startups, it’s M.G. Siegler. As a General Partner at GV, he’s personally invested in his fair share of rocket ship companies early on in their lifecycles, including Anchor, Slack, Medium and Stripe. He’s also a TechCrunch alum, and a former startup operator himself as a web dev. We’re […]
techcrunch - 8 hours ago
LOAD MORE TECH
bbc
gadgets to use
geeky gadgets
gizmodo
jalopnik
jezebel
kotaku
lifehacker
ny times
pocket lint
readwrite
tech republic
tech world
techcrunch
technology
the inventory
the next web
venture beat
wired
count
sauces
help
I'm confused... What am I doing here?

Choose which sources you wish to remain and you're all set. Use the buttons to turn sources on and off.

What do the different colours mean?

Depending on if any articles/links are visible on the page there are 4 modes to show the state of your chosen sources.

on / visible on page

off / visible on page

on / not visible on page

off / not visible on page

techcrunch
The highest valued company in Bessemer’s annual cloud report has defied convention by staying private

The highest valued company in Bessemer’s annual cloud report has defied convention by staying private

techcrunch - 3 weeks ago

This year’s Bessemer Venture Partners’ annual Cloud 100 Benchmark report was published recently and my colleague Alex Wilhelm looked at some broad trends in the report, but digging into the data, I decided to concentrate on the Top 10 companies by valuation. I found that the top company has defied convention for a couple of reasons.

Bessemer looks at private companies. Once they go public, they lose interest, and that’s why certain startups go in and out of this list each year. As an example, Dropbox was the most highly valued company by far with a valuation in the $10 billion range for 2016 and 2017, the earliest data in the report. It went public in 2018 and therefore disappeared.

While that $10 billion benchmark remains a fairly good measure of a solidly valued cloud company, one company in particular blew away the field in terms of valuation, an outlier so huge, its value dwarfs even the mighty Snowflake, which was valued at over $12 billion before it went public earlier this month.

That company is Stripe, which has an other worldly valuation of $36 billion. Stripe began its ascent to the top of the charts in 2016 and 2017 when it sat behind Dropbox with a $6 billion valuation in 2016 and around $8 billion in 2017. By the time Dropbox left the chart in 2018, Stripe would have likely blown past it when its valuation soared to $20 billion. It zipped up to around $23 billion last year before taking another enormous leap to $36 billion this year.

Stripe remains an outlier not only for its enormous valuation, but also the fact that it hasn’t gone public yet. As TechCrunch’s Ingrid Lunden pointed out in article earlier this year, the company has remained quiet about its intentions, although there has been some speculation lately that an IPO could be coming.

What Stripe has done to earn that crazy valuation is to be the cloud payment API of choice for some of the largest companies on the Internet. Consider that Stripe’s customers include Amazon, Salesforce, Google and Shopify and it’s not hard to see why this company is valued as highly as it is.

Stripe came up with the idea of making it simple to incorporate a payments mechanism into your app or website, something that’s extremely time-consuming to do. Instead of building their own, developers tapped into Stripe’s ready-made variety and Stripe gets a little money every time someone bangs on the payment gateway.

When you’re talking about some of the biggest companies in the world being involved, and many others large and small, all of those payments running through Stripe’s systems add up to a hefty amount of revenue, and that revenue has led to this amazing valuation.

One other company, you might want to pay attention to here, is UIPath, the robotic process automation company, which was sitting just behind Snowflake with a valuation of over $10 billion. While it’s unclear if RPA, the technology that helps automate legacy workflows, will have the lasting power of a payments API, it certainly has come on strong the last couple of years.

Most of the companies in this report appear for a couple of years as they become unicorns, watch their values soar and eventually go public. Stripe up to this point has chosen not to do that, making it a highly unusual company.

sauce: techcrunch
CLOSE