SaaStr

By Jason M. Lemkin | The web's leading community for SaaS founders and execs

Peter Thiel's fund owned more shares than DeepMind's cofounders when the AI lab was sold to Google

Peter Thiel's investment company owned more shares in artificial intelligence (AI) lab DeepMind than all three of the startup's cofounders when it was acquired by Google for around $600 million (£463 million).<p>Analysis of an annual return document on UK company register Companies House showed that …

Artificial Intelligence

Tim Eades CEO @ vArmour Shares The Most...

<b>Welcome to Episode 116!</b> Tim Eades is the CEO at vArmour, the industry’s first distributed security system that provides application-aware …

The cloud wars explained: Amazon is dominating, but Microsoft and Google are striking back

The cloud computing market is dominated by some familiar names.<p>Amazon's cloud service is its most profitable unit. Microsoft has pegged its future to its cloud computing businesses, leading to a very enthusiastic response from Wall Street. Google, too, is betting big on cloud computing as something …

Satya Nadella

5 Reasons Every Startup Needs to Start Measuring NPS

<b>No matter how cool or revolutionary it may be, your company means nothing without customers willing to endorse it.</b>When I wrote a post for Inc. called …

Startups

Dropbox CTO Aditya Agarwal is leaving

Aditya Agarwal, who came in to Dropbox from its acquisition of Cove way back in 2012 and was given the CTO role last year, will be leaving the company.<p>He announced his departure in a post on Facebook. Agarwal held the CTO role for about 9 months and was previously the VP of engineering. That kind …

Startups

Second Coding Boot Camp Plans to Close as Industry Retrenches

Both schools had backers but struggled to sustain growth<p>Two high-profile coding boot camps have announced plans to close in as many weeks, signaling a shakeout in the fast-growing market that aims to turn liberal-arts graduates and others into entry-level computer programmers.<p>The Iron Yard, a …

Education

Fintech startup Klarna taps Permira for around $250M at $2.5B valuation

Klarna, the Swedish startup that works with e-commerce businesses and retailers to provide financing and other payment services, today announced that it has picked up yet another large investment, its third inside of two months. Permira, the private equity firm and prolific late-stage tech …

Startups

Y Combinator raising $1 billion for new fund

Silicon Valley startup accelerator Y Combinator is raising up to $1 billion for a new venture capital fund, Axios has learned from multiple sources. …

Startups

Microsoft beats Q4 estimates with strong cloud growth | ZDNet

Azure revenue was up 97 percent compared to a year earlier, helping to drive growth in Microsoft's intelligent cloud business segment.<p>Microsoft …

Microsoft

Private Company Employees Cashing Out In First Half Of Year In Record Numbers

Trading of shares in still-private companies hit a record high in the first half of the year at alternative investment firm NASDAQ Private Market, signaling a growing desire from employees to cash in on some of their equity stakes as companies stay private for longer and soar to eye-popping …

Venture Capital

Peek Inside Slack’s Multi-Million Dollar SaaS Growth Strategy

They have 1.25+ million paid users. Their trial to paid conversion rate is sitting at 30%.<p>There’s just no better way to put it: Slack is absolutely …

Digital Marketing

Recruiting Software Firm Lever Raises $30M For Effort To Transform Hiring

Sarah Nahm cofounded Lever five years ago to rethink recruiting for the digital age. The San Francisco-based recruiting software company helps its customers not only track resumes, but also identify and cultivate people who might not be actively job-hunting.<p>As the recruiting space becomes …

Startups

The Trouble with CMOs

In 2012 a leading retailer began looking for a new chief marketing officer. The job description made the opening sound exciting: The new CMO would play a big, important role, leading the company’s efforts to boost revenues and profits. It seemed like the kind of opportunity any would-be CMO might …

Harvard Business Review

Clara Labs nabs $7M Series A as it positions its AI assistant to meet the needs of enterprise teams

Clara Labs, creator of the Clara AI assistant, is announcing a $7 million Series A this morning led by Basis Set Ventures. Slack Fund also joined in the round, alongside existing investors Sequoia and First Round. The startup will be looking to further differentiate within the crowded field of …

Machine Learning

IBM expands its cloud footprint with new data centers in London, Sydney and San Jose

IBM reported its quarterly earnings this week and, while the company’s overall results were once again disappointing, cloud revenue was up 15 percent year-over-year and accounted for $3.9 billion in revenue. It’s no surprise, then, that IBM is doubling down on its cloud strategy; to keep its …

San Jose

Oracle To Add 1,000 Employees in Cloud Push After Stellar Quarter

Oracle Corp. (ORCL) will add 1,000 employees in Europe, the Middle East and Africa in its cloud computing push, the company said Tuesday, July 18.<p>The …

Investing

Zeta Global Buys Boomtrain To Make Its Marketing Cloud Smarter

Zeta Interactive Corp. today said it’s buying Boomtrain Inc., a marketing tech startup marketing that uses machine learning to send personalized notifications from brands to consumers.<p>Zeta, a martech platform that goes by the trade name Zeta Global, will include five-year-old Boomtrain’s technology …

Startups

Google Takes Aim At Recruiting Software Market With New App Called Hire

In a crowded market for recruiting software, Google has helped play hitmaker as strong search results and ads helping differentiate among a field including a host of startups and legacy players. Now Google’s taking on a new role of competitor.<p>With a new application announced on Tuesday called Hire, …

Employment

Rocket Fuel, an ad tech company once valued at $2 billion, has sold for $125.5 million

It looks like ad tech consolidation is in full swing.<p>The ad tech company Sizmek said Tuesday it had reached an agreement to acquire rival ad tech firm Rocket Fuel for $125.5 million. Going forward, there is a 30-day period where Rocket Fuel can solicit additional proposals, the companies said.<p>That …

AdTech

After relaunching its accounting platform, FreshBooks has raised another $43 million

For a decade and a half, FreshBooks has worked to establish itself as one of the most popular accounting software platforms for small businesses and the self-employed around the world. To accelerate growth, the company has raised $43 million in Series B funding led by existing investor Georgian …

Startups

Wall Street is losing patience with IBM as the company is expected to post another revenue decline

As IBM gets set to report second quarter earnings after the bell today, investors may be losing patience.<p>Analysts expect Big Blue to report its 21st …

Markets

Google jumps into job recruitment market with new cloud software

Through Google Hire, an HR manager can view the schedules of all the employees who will be part of the interview process, thanks to an integration …

Recruitment

Google Glass 2.0 Is a Startling Second Act | Backchannel

<b>Don’t call Heather Erickson</b> a glasshole.<p>Yes, that’s Google Glass on her frames. But she’s not using it to check her Facebook, dictate messages, or …

Java

Amazon Bursts Blue Apron's Bubble, as the Market Checks Tech's Hype

The tech bubble that 2016 threatened didn't burst, prompting observers to heave a sigh of relief. But it turns out, there was a bubble, it was just …

Venture Capital

Corelight closes $9.2M Series A to help enterprises battle ransomware

It’s already been a year of multiple high profile ransomware attacks and now cybersecurity startup Corelight has bagged a $9.2 million Series A round, led by Accel Partners. Osage University Partners and Riverbed Technology Co-founder Dr Steve McCanne also participated in the round.<p>Preventing …

Series A Round

50% of Ex-Employees Still Have Access to Corporate Applications

7/17/2017<br>12:25 PM<p>50%<p>50%<p>Former employees increase the security risk for organizations failing to de-provision their corporate application …

Information Security

Start planning your 2018 leadership off-site now, and make it the most productive ever!

<b>In 2017, most companies attending the SaaStr Annual sent 2 or more employees,</b> and teams are already buying up the 2018 team packs in droves! More …

San Francisco

AWS S3 Breaches: What to Do Why

Although basic operations in Amazon's Simple Storage Services are (as the name implies) - simple - things can get complicated with access control and …

Cloud Computing

How AppDynamics went from $100M to $3.7B in 4 ½ years.

At AppDynamics, we took the company from a valuation of $100m to $3.7bn in just over four years. Speaking with Ravi Mhatre at Lightspeed, we agreed …

Leadership