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VC Lindy Fishburne on the sudden democratization of science — and deep tech investing - techcrunch

VC Lindy Fishburne on the sudden democratization of science — and deep tech investing

Deep science investor Lindy Fishburne cofounded the seed- and early-stage venture firm Breakout Ventures several years ago, after cofounding Breakout Labs within the Thiel Foundation back in 2011, and she has made a wide array of interesting bets in the process. Among her firm’s portfolio companies is Cortexyme, a now publicly traded company that’s currently […]
techcrunch - 3 hours ago
A first look at Coursera’s S-1 filing - techcrunch

A first look at Coursera’s S-1 filing

After TechCrunch broke the news yesterday that Coursera was planning to file its S-1 today, the edtech company officially dropped the document Friday evening. Coursera was last valued at $2.4 billion by the private markets, when it most recently raised a Series F round in October 2020 that was worth $130 million. Coursera’s S-1 filing […]
techcrunch - 12 hours ago
Snowflake latest enterprise company to feel Wall Street’s wrath after good quarter - techcrunch

Snowflake latest enterprise company to feel Wall Street’s wrath after good quarter

Snowflake reported earnings this week, and the results look strong with revenue more than doubling year-over-year. However while the company’s fourth quarter revenue rose 117% to $190.5 million, it apparently wasn’t good enough for investors who have sent the company’s stock tumbling since it reported Wednesday after the bell. It was similar to the reaction […]
techcrunch - 13 hours ago
The owner of Anki’s assets plans to relaunch Cozmo and Vector this year - techcrunch

The owner of Anki’s assets plans to relaunch Cozmo and Vector this year

Good robots don’t die — they just have their assets sold off to the highest bidder. Digital Dream Labs was there to sweep up IP in the wake of Anki’s premature implosion, back in 2019. The Pittsburgh-based edtech company had initially planned to relaunch Vector and Cozmo at some point in 2020, launching a Kickstarter […]
techcrunch - 13 hours ago
Deep Science: AI adventures in arts and letters - techcrunch

Deep Science: AI adventures in arts and letters

There's more AI news out there than anyone can possibly keep up with, but you can stay tolerably up to date on the most interesting developments with this column.
techcrunch - 14 hours ago
Tesla has closed its forums to launch a social platform and fans are not happy - techcrunch

Tesla has closed its forums to launch a social platform and fans are not happy

Tesla plans to shut down the forums section on its website as it launches a new social platform called the Tesla Engagement Platform, a move that’s raised the ire of a community of its most ardent supporters. Tesla first announced the new engagement platform with a notice at the top of its forums page that […]
techcrunch - 14 hours ago
How and when to hire your first product manager - techcrunch

How and when to hire your first product manager

In the world of early-stage startups, job titles are often a formality. In reality, each employee may handle a dozen responsibilities outside their job description. The choose-your-own-adventure type of work style is part of the magic of startups and often why generalists thrive here. However, as a company progresses and the team grows, there comes […]
techcrunch - 16 hours ago
How Rani Therapeutics’ robotic pill could change subcutaneous injection treament - techcrunch

How Rani Therapeutics’ robotic pill could change subcutaneous injection treament

A new auto-injecting pill might soon become a replacement for subcutaneous injection treatments. The idea for this so-called robotic pill came out of a research project around eight years ago from InCube Labs—a life sciences lab operated by Rani Therapeutics Chairman and CEO Mir Imran, who has degrees in electrical and biomedical engineering from Rutgers […]
techcrunch - 17 hours ago
Address cybersecurity challenges before rolling out robotic process automation - techcrunch

Address cybersecurity challenges before rolling out robotic process automation

The security aspect of RPA isn’t implemented in the early stages of development — leaving organizations vulnerable to cybercriminals.
techcrunch - 17 hours ago
Eco raises $26M in a16z-led round to scale its digital cryptocurrency platform - techcrunch

Eco raises $26M in a16z-led round to scale its digital cryptocurrency platform

‍Eco, which has built out a digital global cryptocurrency platform, announced Friday that it has raised $26 million in a funding round led by a16z Crypto. Founded in 2018, San Francisco’s platform is designed to be used as a payment tool around the world for daily-use transactions. The company emphasizes that it’s “not a bank, […]
techcrunch - 18 hours ago
Early-stage investor Mayfield shows how to scaleup your biotech startup at TC Early Stage in April - techcrunch

Early-stage investor Mayfield shows how to scaleup your biotech startup at TC Early Stage in April

Founders in the earliest stages of startup life face a hefty learning curve. Just some of the core competencies you need to lock down include how to raise VC funding, recruiting the right people, finding product-market fit, and building a killer go-to-market team. The list goes on and on…and on. You’ll learn about all those […]
techcrunch - 18 hours ago
Albertsons taps Tortoise for remote-controlled grocery delivery robots - techcrunch

Albertsons taps Tortoise for remote-controlled grocery delivery robots

Albertsons Companies, the grocery giant that owns Safeway and Jewel-Osco, has launched a pilot program that will test grocery delivery using remote-controlled delivery robots developed by Silicon Valley startup Tortoise. The pilot will start at two Safeway locations in Northern California, although Tortoise co-founder and president Dmitry Shevelenko said if successful, he expects the pilot […]
techcrunch - 19 hours ago
The technology selloff is getting to be somewhat material - techcrunch

The technology selloff is getting to be somewhat material

Tech stocks are getting hammered today, with previously high-flying shares of software companies taking even more damage. For a sector that has enjoyed a year in the sun, recent trading sessions have punctured a period of market adoration. It is too soon to say that the market is repricing tech stocks, but the selloff has […]
techcrunch - 19 hours ago
3 Ways Businesses Can Tackle Disinformation Campaigns - readwrite

3 Ways Businesses Can Tackle Disinformation Campaigns

In an age that everything goes viral on social media within a few hours, disinformation and black propaganda is the last thing that a business needs. An unhappy customer, competitors, or even foreign government-affiliated attackers can be the director of a wide-scale disinformation campaign. Big brands are usually the common targets of disinformation campaigns due […] The post 3 Ways Businesses Can Tackle Disinformation Campaigns appeared first on ReadWrite.
readwrite - 19 hours ago
YC-backed Pangea discusses growth, fundraising ahead of demo day - techcrunch

YC-backed Pangea discusses growth, fundraising ahead of demo day

Pangea, a marketplace startup that wants to connect college freelancers and companies in need of digital help, is seeing its growth rate accelerate as it races toward the impending Y Combinator demo day. It’s traditional around this time that startups in the accelerator reach out to say hello. Provided that they are willing to chat […]
techcrunch - 20 hours ago
Understanding how investors value growth in 2021 - techcrunch

Understanding how investors value growth in 2021

We’re not digging into another IPO filing today. You can read all about AppLovin’s filing here, or ThredUp’s document here. This morning, instead, we’re talking about an old favorite: software valuations. The folks over at Battery Ventures have compiled a lengthy dive into the 2020 software market that’s worth our time — you can read […]
techcrunch - 20 hours ago
SoftBank makes mountains of cash off of human laziness - techcrunch

SoftBank makes mountains of cash off of human laziness

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Natasha and Danny and Alex and Grace were all here to chat through the week’s biggest tech happenings. It was yet another crazy week, but did our best to get through as much of it as we could. Here’s the rundown, in case you […]
techcrunch - 20 hours ago
Virgin Galactic Chairman Chamath Palihapitiya sells off remaining personal stake in the space company - techcrunch

Virgin Galactic Chairman Chamath Palihapitiya sells off remaining personal stake in the space company

The man who arguably ushered in the current SPAC rush with the merger of Virgin Galactic with his Social Capital Hedosophia holding company has divested the remainder of his personal holdings in the space tourism company. Chamath Palihapitiya, who serves as the Chairman of Virgin Galactic’s board, still holds 6.2% ownership in the company in […]
techcrunch - 22 hours ago
Scrum Ventures launches new program to connect startups with Japanese corporations - techcrunch

Scrum Ventures launches new program to connect startups with Japanese corporations

Headquartered in San Francisco and Tokyo, Scrum Ventures is known for its accelerator programs focused on sports, food and smart city tech. Today it announced the launch of a new incubator program that will help startups from business partnerships with Japanese corporations. Called Scrum Studio, it will be spun out as an independent entity from […]
techcrunch - 23 hours ago
What China’s Big Tech CEOs propose at the annual parliament meeting - techcrunch

What China’s Big Tech CEOs propose at the annual parliament meeting

The annual meetings of the Chinese parliament and its advisory body are underway in Beijing this week. Top executives from some of China’s largest tech firms are among the thousands of delegates who attend and put forward their opinions. Here is a look at what the tech bosses are proposing for China’s digital economy. Pony […]
techcrunch - 1 day ago
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techcrunch
Drupal’s journey from dorm-room project to billion-dollar exit

Drupal’s journey from dorm-room project to billion-dollar exit

techcrunch - 1 month ago

Twenty years ago Drupal and Acquia founder Dries Buytaert was a college student at the University of Antwerp. He wanted to put his burgeoning programming skills to work by building a communications tool for his dorm. That simple idea evolved over time into the open-source Drupal web content management system, and eventually a commercial company called Acquia built on top of it.

Buytaert would later raise over $180 million and exit in 2019 when the company was acquired by Vista Equity Partners for $1 billion, but it took 18 years of hard work to reach that point.

When Drupal came along in the early 2000s, it wasn’t the only open-source option, but it was part of a major movement toward giving companies options by democratizing web content management.

Many startups are built on open source today, but back in the early 2000s, there were only a few trail blazers and none that had taken the path that Acquia took. Buytaert and his co-founders decided to reduce the complexity of configuring a Drupal installation by building a hosted cloud service.

That seems like a no-brainer now, but consider at the time in 2009, AWS was still a fledgling side project at Amazon, not the $45 billion behemoth it is today. In 2021, building a startup on top of an open-source project with a SaaS version is a proven and common strategy. Back then nobody else had done it. As it turned out, taking the path less traveled worked out well for Acquia.

Moving from dorm room to billion-dollar exit is the dream of every startup founder. Buytaert got there by being bold, working hard and thinking big. His story is compelling, but it also offers lessons for startup founders who also want to build something big.

Born in the proverbial dorm room

In the days before everyone had internet access and a phone in their pockets, Buytaert simply wanted to build a way for him and his friends to communicate in a centralized way. “I wanted to build kind of an internal message board really to communicate with the other people in the dorm, and it was literally talking about things like ‘Hey, let’s grab a drink at 8:00,'” Buytaert told me.

He also wanted to hone his programming skills. “At the same time I wanted to learn about PHP and MySQL, which at the time were emerging technologies, and so I figured I would spend a few evenings putting together a basic message board using PHP and MySQL, so that I could learn about these technologies, and then actually have something that we could use.”

The resulting product served its purpose well, but when graduation beckoned, Buytaert realized if he unplugged his PC and moved on, the community he had built would die. At that point, he decided to move the site to the public internet and named it drop.org, which was actually an accident. Originally, he meant to register dorp.org because “dorp” is Dutch for “village or small community,” but he mistakenly inverted the letters during registration.

Buytaert continued adding features to drop.org like diaries (a precursor to blogging) and RSS feeds. Eventually, he came up with the idea of open-sourcing the software that ran the site, calling it Drupal.

The birth of web content management

About the same time Buytaert was developing the basis of what would become Drupal, web content management (WCM) was a fresh market. Early websites had been fairly simple and straightforward, but they were growing more complex in the late 90s and a bunch of startups were trying to solve the problem of managing them. Buytaert likely didnt know it, but there was an industry waiting for an open-source tool like Drupal.

sauce: techcrunch
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