Posts filtered by tags: Bessemer[x]


 

SaaS and cloud stocks finally give back ground

After a heated run, SaaS and cloud stocks dipped sharply during regular trading on Monday. According to the category-tracking Bessemer cloud index, public SaaS and cloud stocks dropped around 6.5% today, a material blow to the value of some of the world’s most highly valued companies, measured by sector-averaged revenue multiples. After recovering all their COVID-19-related losses earlier this year, SaaS and cloud stocks kept on rising, reaching new all-time highs with regularity. But earnings s...
Tags: Fundings & Exits, Startups, Cloud, Tech, SaaS, Earnings, Stocks, Bessemer


What do investors bidding up tech shares know that the rest of us don’t? (techcrunch)

The biggest story to come out of the post-March stock market boom has been explosive growth in the value of technology shares. Software companies in particular have seen their fortunes recover; since March lows, public software companies’ valuations have more than doubled, according to one basket of SaaS and cloud stocks compiled by a Silicon Valley venture capital firm. Such gains are good news for startups of all sizes. For later-stage upstarts, software share appreciation helps provide a welc...
Tags: News, United States, Silicon Valley, Nasdaq, Exchange, Bessemer, Alex Wilhelm, BoldStart Ventures, Jai Das, COVID, Shomik Ghosh, EQT Ventures ` Alastair Mitchell Sapphire


What do investors bidding up tech shares know that the rest of us don’t?

The biggest story to come out of the post-March stock market boom has been explosive growth in the value of technology shares. Software companies in particular have seen their fortunes recover; since March lows, public software companies’ valuations have more than doubled, according to one basket of SaaS and cloud stocks compiled by a Silicon Valley venture capital firm. Such gains are good news for startups of all sizes. For later-stage upstarts, software share appreciation helps provide a welc...
Tags: Travel, Startups, TC, Enterprise, Developer, United States, SaaS, Silicon Valley, Nasdaq, Exchange, Bessemer, Market Analysis, BoldStart Ventures, Jai Das, The Exchange, Extra Crunch


Get your pitchdeck critiqued by Accel’s Amy Saper and Bessemer’s Talia Goldberg at Early Stage

The art of the pitchdeck. Few things are more critical to the success of startups seeding capital. And make no mistake, it is an art. At TechCrunch Early Stage, our two-day virtual event focused on giving entrepreneurs all the resources they need to build incredible, high-growth early stage companies, we have plenty of content dedicated to the pitchdeck. From a session on how to think like a PM for VC pitch success led by Lo Toney, to a session on how to time your fundraising sprint led by Jake ...
Tags: Startups, TC, Tech, Venture Capital, Jeff Clavier, Accel, Bessemer Venture Partners, Early Stage, Bessemer, Lo Toney, Charles Hudson, Talia Goldberg, James Alonso, Cyan Bannister, Adam Zagaris, Jake Saper


Former Snowflake CEO Bob Muglia and Okta veteran Eric Berg are joining the leadership team of the data startup Fauna, just as it closes a $27 million round

On Wednesday, the data startup Fauna announced it brought on Okta veteran Eric Berg as CEO and former Snowflake CEO Bob Muglia as executive chairman.  Fauna also announced it closed $27 million in funding led by Madrona Venture Group. Fauna cofounder Evan Weaver, who started the company after his experiences in scaling Twitter in its early days, will become its CTO. Visit Business Insider's homepage for more stories. Evan Weaver, now the cofounder of startup Fauna, remembers his days as the 1...
Tags: Amazon, Twitter, Microsoft, Okta, Trends, Api, Bob Muglia, Madrona Venture Group, Bessemer, Weaver, Berg, Fauna, Frank Slootman, Eric Berg, Muglia, Evan Weaver


MongoDB is bringing on a new CTO from Singaporean ride-hailing company Grab as its cofounder Eliot Horowitz steps down (MDB)

On Monday, MongoDB announced that board member Mark Porter, who most recently worked at the Singaporean ride-hailing company Grab, will be its new CTO, and co-founder Eliot Horowitz will step down on July 10. Porter has spent his career at companies such as Oracle, Amazon Web Services, and Grab, where he worked on building databases and infrastructure. Porter says he looks forward to going back to his technical roots and learning more about open source, as MongoDB started off as an open source...
Tags: Trends, Nasa, Baidu, Mongodb, Oracle, Amazon Web Services, Cto, Bessemer, Jet Propulsion Laboratory, Porter, HOROWITZ, Eliot, Mongo, Mark Porter, MDB, Eliot Horowitz


Codefresh just raised $27 million to help developers release code faster for apps that run on the Google-born cloud computing project Kubernetes

On Monday, the startup Codefresh announced a $27 million funding round led by Red Dot Capital Partners, with participation from Shasta Ventures and other existing investors. Codefresh builds a continuous integration and continuous delivery platform, meaning it helps developers release code faster and more often. Codefresh is specially built for cloud software like Kubernetes, a popular open source cloud computing project created at Google. Visit Business Insider's homepage for more stories. E...
Tags: Google, Amazon, Microsoft, Israel, Trends, Hp, Mercury, Kubernetes, Shasta Ventures, Bessemer, Openshift, Roth, Jenkins, Mountain View California, WebEx, Eric Yuan


Amazon wants to expand its customer base beyond developers with a new tool to build apps without code, but analysts say it faces fierce competition from Microsoft and Google (AMZN)

Amazon Web Services just launched Honeycode, a no-code tool that makes it easy for users to build apps from a spreadsheet without having to write code.  Analysts agree that this was a step AWS had to take to stay competitive as no-code and low-code tools are becoming key for cloud companies to have in their product portfolios, but it will face stiff competition from Microsoft, Google, and Salesforce, and even smaller vendors like Smartsheet or Mendix. AWS's core audience has long been more tec...
Tags: Google, Amazon, Microsoft, Trends, Gartner, Aws, Salesforce, Amazon Web Services, Bessemer, Newman, Wong, Lopez, Microsoft Google, Patrick Moorhead, Moor Insights Strategy, RA


Bessemer VCs expect massive exits for cloud startups in the coming year, as the average valuation for top companies has soared 58% over four years

Every fall for the last four years, Bessemer Venture Partners has published a Cloud 100 list of the top private cloud companies based on both quantitative and qualitative data. It's planning to publish the 2020 list this fall, but has shared data analysis from past lists with Business Insider, including that it has seen average valuations soar 58%.  The Bessemer team is expecting major IPOs and M&A exits from cloud startups in the coming year because of the increasing demand for cloud, which h...
Tags: Google, Microsoft, Trends, Plaid, Forbes magazine, Sap, Amazon Web Services, Bessemer Venture Partners, Qualtrics, Business Insider, Byron Deeter, Bessemer, Jpmorgan, Amazon Microsoft, BVP, Amazon Web Services Microsoft


Software shares set new records as tech rallies

In another up for technology shares, software companies saw their values reach new heights today. The days trading comes after a selloff last week eased some of technology companies’ rebounds from their COVID-19 lows; stocks in tech companies have more than made up for their early-year declines in mid-2020, with the Nasdaq reaching 10,000 points before giving up some ground. Today the Nasdaq Composite index rose 0.15% to 9,910.53 points, just a few bips short of its all-time highs. A thematic te...
Tags: Apple, Startups, Lyft, Uber, Microsoft, Tech, Tesla, Automotive, SaaS, Earnings, Stocks, San Francisco Bay, Financial Times, Bessemer, Marin County, GAAP


As layoffs slow and churn improves, is startup health improving?

Startup health appears to be recovering in the United States, new data shows. According to several metrics TechCrunch has tracked throughout the COVID-19 era, the fortunes of some startups appear to have bounced off lows set in March and April. Data concerning layoffs, and, more specifically, software revenue and customer losses indicate that many firms have stopped making aggressive staffing cuts and are shedding fewer customers than earlier in the pandemic. These two signals don’t sum up the e...
Tags: Tech, United States, Bessemer, Market Analysis, Churn, The Exchange, Elliott Robinson, Extra Crunch, Profitwell, COVID-19, COVID


As SaaS stocks retrace highs, a glance at today’s cloud fundamentals

The domestic stock market is advancing today on the back of some better-than-anticipated economic recovery data in the United States. While retail spending is still lower compared to the year-ago period, gains in May from April were better than anticipated. The American stock market, ready to trade higher on any scrap of good news — even news predicated on economic weakness and the need for continued intervention — shot north, with the tech-heavy Nasdaq Composite index rising 2.3% to 9,947.5 and...
Tags: Fundings & Exits, Startups, TC, Cloud, Tech, United States, SaaS, Bessemer


What the hell, SaaS valuations?

SaaS stocks are at it again, and I think I’ve got it figured it out. More precisely I think I’ve figured out what other people think is going on. After rigorous fact-checking by both reading tweets, making VCs talk to me on the phone, and chatting with the CEO of a $27 billion cloud company this morning, it all makes sense. Some background to start, I think. Today, Friday the 21st of May, the day after the economy shed another 2.4 million jobs, bringing the COVID-19 jobs-lost tally to nearly 4...
Tags: TC, Tech, SaaS, Redpoint, Splunk, Bessemer, ARR, Levie, Meritech Capital, Doug Merritt, COVID, Mary D Onofrio, Jamin Ball


Spruce is eliminating the drudgery of real estate, and has $29M more from Scale to make sales easy

Real estate is one of those classic industries we always talk about in Silicon Valley: multi-trillion dollars in scale in terms of assets and transaction volume, but still relying on good ole’ pen and paper to get anything actually done. A huge number of companies have launched to digitize all aspects of real estate, from calculating valuations to monitoring operational costs and underwriting mortgages. Where top VCs are investing in real estate and proptech (Part 1 of 2)   One of those ...
Tags: Fundings & Exits, Startups, Real Estate, Finance, Funding, New York City, Tech, Silicon Valley, Mortgage, Bessemer, Burns, Scale Venture Partners, Spruce, New York Texas, Patrick Burns, Home Sales


Sheriff: Boy dead after police chase partly taped by TV crew

BIRMINGHAM, Ala. — A man led Alabama officers and a reality television crew on a weekend chase that ended when he crashed his vehicle into a tanker truck, killing the man's 15-year-old son, authorities said.Reico Terry, 41, remained jailed Monday after the death of his son Jaylen Derrel Terry in Saturday's crash in Birmingham. Jefferson County sheriff's deputies had stopped chasing Terry because the pursuit had become too dangerous before the crash occurred, sheriff's Sgt. Jo...
Tags: Money, News, Alabama, Birmingham, Terry, Bessemer, Jefferson County, Birmingham Ala, Alabama Law Enforcement Agency, Birmingham News, Reico Terry, Jaylen Derrel Terry, Birmingham Jefferson County, Joni Money


Fifth Circuit still sucks on prison-conditions litigation: Coronavirus edition

The US Supreme Court has declined to vacate a stay by the 5th Circuit Court of Appeals of an injunction granted to Texas prison inmates from the Pack Unit, a geriatric prison unit, reported the New York Times. The inmates had asked for improved protections from the coronavirus. Four justices were needed to take the case, but only two apparently wanted to do so. Justice Sotomayor issued a statement, joined by Justice Ginsberg. Here are some notable excerpts: The District Court heard unrefuted te...
Tags: Texas, Law, New York Times, Circuit, Ross, US supreme court, Anderson, Bessemer, 5th Circuit Court of Appeals, Blake, District Court, Fifth Circuit, Sotomayor, Brennan, Gritsforbreakfast, TDCJ


Startups Weekly: SaaS companies should target burn to match ARR during pandemic

[Editor’s note: Get this weekly recap of TechCrunch news that any startup can use every Saturday morning by email (7am PT). Just subscribe here.]  How well is SaaS overcoming business impacts of the pandemic? First, there’s no negative impact on the revenues of big cloud infrastructure providers visible so far, according to a new research report out that we covered on TechCrunch this week. While some spending may have pulled back, growth from more remote work and other activities have maintained...
Tags: TC, Facebook, Boston, US, Tech, Austin, Boulder, Dc, Nasdaq, Bing, PPP, Megan Rose Dickey, Bessemer Venture Partners, Roelof Botha, Kapor Capital, Bessemer


Changing SaaS startup benchmarks in the COVID-19 era

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Last week we dug into a set of benchmarks that Bessemer Venture Partners, a venture capital firm that invests in software companies among other categories, drew up to grade software-as-a-service (SaaS) startups. The performance metrics were designed to bucket SaaS startups into quality cohorts based on their performance, giving founders and other investors a measuring stick for ...
Tags: Fundings & Exits, Startups, TC, Money, Entrepreneurship, Finance, Economy, Software, United States, Venture Capital, Private Equity, TechCrunch, Bessemer Venture Partners, Startup Company, Bessemer, CCS


The good, better and best of cloud and SaaS growth

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. The crew at Bessemer released their new, yearly cloud report this week. It’s a useful lens into how venture capitalists are thinking about cloud and SaaS startup performance metrics. Bessemer’s cloud and SaaS exits include Twilio, Shopify, PagerDuty, Box, and a few others, so they’re worth listening to at least a little on the topic. I bring all this up as I finally got the chan...
Tags: Fundings & Exits, Startups, Cloud Computing, Tech, Software, Computing, Bank, Shopify, Twilio, Software As A Service, Bessemer, ARR, PagerDuty, Customer Lifetime Value, Market Analysis, As-a-service


Software companies give back ground after an impressive rebound

Software as a service companies, modern software firms often referred to by the acronym ‘SaaS,’ had a tough day in the public markets. The basket of companies, as tracked by Bessemer’s cloud index, dropped 4.49% during regular trading hours. The losses gave back some of the software industry’s recent gains, advances that had followed a sharp decline in the value of their shares as concerns relating COVID-19-induced economic hit the richly-valued cohort of companies hard; indeed, at one point ...
Tags: TC, Cloud Computing, Tech, Software, Computing, Dropbox, Earnings, TechCrunch, Atlassian, Enterprise Software, Software As A Service, Bessemer, Zuora, EBITDA, Cloud Infrastructure, As-a-service


Green shoots for software companies

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. This morning we’re hunting up “green shoots” for software companies. Green shoots is financial slang for positive signals that could point to an economic recovery — or good news amidst a greater pullback. You can even use the term sarcastically, perhaps noting that unemployment claims, while still elevated to historic levels, are falling on a week-over-week basis: Only 2.5 milli...
Tags: Fundings & Exits, Startups, TC, Money, Entrepreneurship, Finance, Tech, Banking, Economy, Green, Software, Fundraising, Venture Capital, Private Equity, Stripe, TechCrunch


The odd reality of today’s stock market

As the COVID-19 death toll in the United States continues to climb, American stocks are, in a grim divergence, recovering lost ground. It isn’t clear precisely why locally-listed equities have risen in recent weeks, let alone today, but let’s go over the day’s results so that we’re all on the same page. In regular trading today, the Dow Jones Industrial average rose 558.99 points, or 2.39%, while the broader S&P 500 rose 84.83 points, or 3.06%. But it was the tech-heavy Nasdaq that posted the...
Tags: Food, TC, China, US, Tech, Bloomberg, Economy, Cnn, Companies, United States, Capitalism, Earnings, Stock Market, Nasdaq, Cnbc, Dow Jones Industrial Average


Stocks gain despite 6.6M new US unemployment claims

Domestic stocks rose today in the United States, with all major indices opening higher. TechCrunch has slowed its daily coverage of the US stock market as volatility has receded. We try to avoid covering the stock market too much, but there are days when doing so would be derelict. The value of public companies impacts the value of private companies like startups, so we have to pay at least some attention on days when shares rise or fall sharply. Today’s opening normally wouldn’t qualify as s...
Tags: Startups, Money, US Government, Finance, US, Tech, Economy, Canada, Unemployment, United States, Earnings, TechCrunch, Bessemer, Fed


Bessemer’s Tess Hatch on the evolving aerospace market and COVID-19 adjustments

The aerospace market is evolving quickly and merging with other segments of tech, making it an exciting space for both startups and investors — but the complications of the global pandemic are being felt by both. Bessemer Venture Partners investor Tess Hatch has been helping guide companies in their portfolio through these strange times, and has been rolling with the punches herself. Hatch recently spoke to us about the investment advice she’s been offering, which companies are being hit hard...
Tags: Startups, TC, Space, Tech, Drones, Satellites, Venture Capital, Aerospace, Bessemer Venture Partners, Bessemer, Hatch, Tess Hatch, Extra Crunch, Coronavirus, COVID-19


Tech shares close down on the day despite roaring start

American equities closed down today, with the major domestic indices all losing ground after a wild trading cycle. After starting the day up sharply higher after strong Monday gains, those gains were erased as the day closed. It was a day of confusing movement; the tech-heavy Nasdaq Composite, to pick an example, had a range on the day of more than 3%, despite closing off just a tenth of that figure. Divining the correct reason for movement in the stock market is a fool’s errand most days. Today...
Tags: TC, Tech, SaaS, Earnings, Stock Market, Bessemer, Nasdaq Composite, Coronavirus, COVID-19, COVID


Shippo raises a $30M Series C after posting rapid 2019 growth

Early this afternoon Shippo, a shipping software and services company, announced that it has closed a $30 million Series C. The funding round roughly doubles the capital that the firm has raised to-date, from a little over $29 million to just under $60 million. The round, however, wasn’t put together recently. As is often the case with funding events, Shippo raised its capital a while back and is only announcing it now. According to its CEO, Laura Behrens Wu, her startup started raising its S...
Tags: Amazon, Fundings & Exits, Startups, TC, Ecommerce, Wordpress, Tech, Paypal, Adyen, Shopify, Union Square Ventures, Shippo, Braintree, Bessemer, Catherine Stewart, Laura Behrens Wu


Stocks rise following yesterday’s sharp rally

After a sharp Monday rally seemingly built on optimism that the impact of the global pandemic may have reached its zenith in Europe — and indeed that the United States might see a lower infection and mortality peak than some anticipated — shares once again rose this morning. Here’s how the day looks a few minutes into the start of trading today, on this holiday-shortened week: Dow Jones Industrial Average: rose 886.67 at the open, or 3.91%, to 23,566.66 S&P 500: climbed to 85.46, or 3.21%, ...
Tags: Europe, Tech, United States, SaaS, Earnings, Stock Market, Nasdaq, Bessemer, Stonks, Coronavirus, COVID-19


American stocks rally sharply on COVID-19 optimism as earnings loom

Stocks rallied Monday, with all major indices snapping back into positive territories as investors seized on any positive developments in the fight to mitigate the spread of COVID-19, the disease caused by coronavirus. The stock market is, of course, not the economy. And this is likely a dead cat bounce — a temporary recovery after a big fall. The question is how many dead cat bounces will we see in the coming weeks? And while the economic fallout from the COVID-19 pandemic is continuing that di...
Tags: Amazon, TC, Spotify, Ebay, Finance, White House, Tech, E-commerce, Economy, Earnings, Stock Market, Anthony Fauci, Director, Stock, Analyst, Bessemer


Stocks drop as unemployment spikes

Stocks fell in regular trading Friday, as all major American indices fell in the wake of a broadly negative jobs report. With more than 700,000 jobs lost in the March data, unemployment in the United States rose from 3.5% to 4.4%. The markets have been bracing for widespread job losses due to the continued fallout from COVID-19, the disease caused by coronavirus that has prompted local, county and state officials throughout the U.S. and Europe to issue stay-at-home orders. Those directives have ...
Tags: Europe, Vladimir Putin, Tech, Tesla, Delta Airlines, United States, SaaS, Earnings, Stocks, Airlines, Bill, Nasdaq, United Airlines, Bessemer, American Airlines, U S Department of Transportation


U.S. markets shrug off record unemployment numbers as tech shares rise

Despite reports of historic unemployment with roughly 6.6 million Americans filing for unemployment, domestic stocks rose during regular trading today. One day after grim estimates on the potential death toll from the COVID-19 epidemic in the US sent stocks tumbling and amid a continuing economic fallout from the government’s response to slow the spread of the disease, all three major US indices gained. Meanwhile, the federal government in the US continues to work on the specifics of how to funn...
Tags: TC, US, Tech, Tesla, SaaS, Bessemer, FactSet, Stonks, COVID-19