The Day in SaaS 07.06.21: A Good SPAC? Is Scraping Legal? And the Divvy of Europe

• Nextdoor to Go Public in Proposed SPAC Merger. Not every internet SPAC is low-quality. We saw a crazy bowling alley SaaS SPAC at $0 in ARR the other day. But Nextdoor at $4B+ may be expensive, but is a lot more rational. SPACs may have legs yet.

• Company card start-up Pleo valued at $1.7 billion, becoming Europe's latest fintech unicorn. A quieter Brex-Ramp-Divvy competitor in Europe catches up.

• Supreme Court Scraps LinkedIn Data-Scraping Decision. Woah. Is scraping legal — or not? Many data services have claimed it is now since a LinkedIn appellate court case. But now the Supreme Court is taking its own look. A big deal (potentially) in data and scraping.

• Kaseya says fewer than 1,500 businesses affected by ransomware attack | CNN. The greatest ransomware attack of all time — so far? 1,500 businesses sure is a lot.

• GitHub’s new AI tool doesn’t violate copyrights, says expert. GitHub’s new AI pair programming tool could end up being incredible. Does it violate copyrights based on the code it suggests? If so, whose fault is it?

• Blend Labs sets IPO terms, to be valued at up to nearly $4 billion. A huge initial market cap for this backend for leading fintechs. And a 10-year journey to get there.

• He failed in Silicon Valley and returned home. His wealth now: $1.8 billion. A Japan-based expense management leader is worth $6B+. But it took quite a journey to get there.

• Stack Overflow CEO on what the $1.8B Prosus deal means for its mission to empower technologists, developers to script the future. A community that sold for $1.8B. What the CEO learned.

• Bezos steps down from Amazon with $262 billion. At 57, Bezos still has plenty of time to perhaps finally enjoy what he built. With $250+ Billion.

• SaaS misconfigurations are putting businesses at serious risk. A huge security issue not discussed enough. Every SaaS app has its own admin and configuration tools and settings. They are rarely properly updated, or owned by the CIO.