Bookkeeping startup Bench, which raised $100M+ including from Shopify, closes down effective immediately; several employees say Bench also laid off staff
it's reputation-ending Leadership means accountability Rohit Mittal / @rohitdotmittal : Does anyone know how to go about buying Bench's assets? I'm sure investors have counsel to sell the assets and g...
Flexport raised $260M from Shopify, one of its biggest shareholders; Shopify sold its money-losing logistics unit to Flexport in exchange for equity in May 2023
Report Threads: Ran Reichman / @ranreichman : I don't understand this on two accounts: 1. Flexport CEO said they have a fortress balance sheet quite recently. 2. Why does Shopify need this? X: Austi...
Seattle-based online retailer Zulily, which had a ~$7B market cap in 2014, winds down; in a December 11 lawsuit, Zulily accused Amazon of stifling its business
Weeks after laying off 800+ employees and suing Amazon … TechRadar : Former ecommerce giant Zulily shuts down PYMNTS.com : Zulily's Last Checkout: The Retail Road to Its Online Closure Pamela N. Danzi...
Atlassian plans to acquire video messaging platform Loom for ~$975M, split as ~$880M in cash and the rest in stock, set to close in Q1 2024; Loom has 25M+ users
Loom changed the game with tapping the PLG market. Now, with atlassian all enterprise doors could open as well. [embedded post] @manpageman.bsky.social : Pivot! To! Video! [embedded post] X: Phil ...
Documents and sources undermine Flexport founder Ryan Petersen's claims that CEO Dave Clark overspent, overhired, and overpromised before being forced to resign
Peterson decides to return as CEO, unceremoniously ousts Clark, rescinds offers to a bunch of new hires then blames Clark for overhiring. … Jenn Schiffer / @jenn@pixel.kitchen : a real “read all the w...
California regulators close SVB and name the FDIC as the receiver to protect insured deposits; SVB ended 2022 with ~$209B in assets and $175.4B in deposits
banks, lawyers, etc — and it's a minor but not insignificant screening mechanism. https://twitter.com/... Jason Zweig / @jasonzweigwsj : If you want to create a perverse incentive for banks to become ...
Interviews with tech leaders on Tony Hsieh's legacy, his student life at Harvard, his unconventional business approach, and the culture he built at Zappos
I heard the news about Tony Hsieh last night by text message. Tweets: Governor Sisolak / @govsisolak : Tony Hsieh played a pivotal role in helping transform Downtown Las Vegas. Kathy and I send our lo...
Pandemic has deepened the digital education divide in India, where ~38% of households with students had no smartphone in the house, according to a recent survey
Children across India are struggling to keep up because they don't have the tech tools for online classes Tweets: @asanwal , @scurve , @wsj , and @storonimithu Tweets: Anand Sanwal / @asanwal : Wow “I...
CB Insights: cloud computing startups raised almost $3B across 97 deals in Q2 2020, up from 76 deals in Q2 2019, with deal volume reaching a three-year high
Sara Castellanos / Wall Street Journal : Tweets: @asanwal and @scastellwsj . Thanks: @keithswiader Tweets: Anand Sanwal / @asanwal : Digital transformation on steroids Data shows cloud boom is only a...
Profile of Dean Stoecker, CEO and co-founder of data analytics company Alteryx, which went public in 2017 and generated $28M in profit on $254M revenue in 2018
Sun Tzu meets software in mid-August at downtown Denver's Crawford Hotel. The floors are terrazzo. The chandeliers are accented with gold. Tweets: @asanwal and @forbes Tweets: Anand Sanwal / @asanwa...