Posts filtered by tags: Mike Scarpelli[x]


 

SpotOn raises $300M at a $3.15B valuation and acquires Appetize

Last year at this time, SpotOn was on the brink of announcing a $60 million Series C funding round at a $625 million valuation. Fast forward to almost exactly one year later, and a lot has changed for the payments and software startup. Today, SpotOn said it has closed on $300 million in Series E financing that values the company at $3.15 billion — more than 5x of its valuation at the time of its Series C round, and significantly higher than its $1.875 billion valuation in May (yes, just thr...
Tags: Fundings & Exits, Startups, Instagram, Finance, Funding, Los Angeles, San Francisco, Startup, Tech, SaaS, Venture Capital, M&a, Square, Mobile Web, Payments, Online Payments


Snowflake gave up its dual-class shares. Should you?

Snowflake announced earlier this month that it would give up its dual-class shareholder structure, a corporate governance setup that often gives founders and executives superior voting rights, typically involving 10 times as many votes for their own shares as others receive. The mechanism can enable founders to maintain control despite later dilution and may sometimes even grant ironclad control to an individual in perpetuity. For many companies, these supervoting shares represent a highly power...
Tags: Fundings & Exits, Startups, TC, Cloud, Microsoft, Entertainment, Tech, Snowflake, Bob Muglia, Yext, Madrona, Scarpelli, Sutter Hill, Frank Slootman, Costanoa Ventures, Mike Speiser