It has been a hell of per week; this is what we have to know
With a hot IPO market and a world accelerating its shift to digital technologies amidst a pandemic, it’s a busy time for late-stage startups. Fortunately, the present second is producing a wave of leaks and information. A lot so, it’s really been fairly onerous to maintain up.
In honor of the considerably loopy week we’ve had, I’ve compiled the most important and finest bits of unicorn information, with two remaining objects regarding firms that aren’t fairly unicorns. Our purpose is to get caught up so we will begin subsequent week sufficiently knowledgeable.
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As all the time with this form of work, we’ll need to deal with every entry rapidly. However if you wish to know what’s up currently with essentially the most useful personal firms, this could present a working abstract.
We’ll begin with the Gong spherical, speak Palantir, peek at Stripe, chat about Airbnb’s outcomes, element a number of different income milestones that have been new to us, talk about Robinhood buying and selling quantity, gander at some Coinbase product information and some different objects, wrapping with a notice on latest funding rounds from Parsable and Coda.
The theme, in case you have been hoping for a unifying thread, is that the nice occasions that took non permanent flight in March and April, are again.
At this time, it’s almost onerous to recall the concern that took over startup-land; certain, there are warning signs about cloud growth rates, however for a lot of unicorns, we nonetheless stay in growth occasions.
Let’s start.
A blessing of unicorns
As promised, we’re beginning with the Gong spherical, which my expensive pal Ron Miller covered for . The gross sales tech software program firm put collectively a $200 million spherical at a $2.2 billion valuation after elevating a number of different rounds in latest quarters. As Ron reviews, the corporate’s progress has been torrid, with 1,300 clients and a couple of.5x income progress “this yr alone.” However most critically, Gong’s CEO Amit Bendov mentioned that “there’s a variety of liquidity available in the market.” Yep.
