The Day in SaaS 07.29.21: Robinhood turns $500k into $3 Billion; Cisco says Home is Good for Everyone; Crypto is Real
One VC’s Blind Faith in Robinhood Turned $500,000 Into $3 Billion. A pretty incredible pre-seed check from Index Ventures.
Robinhood’s Customers Finally Found a Valuation Too High—for Robinhood. Robinhood is a huge success. But they had to price the IPO low. Why? There wasn’t enough demand.
Here's how Cisco decided that none of its 75,000 employees ever have to return to the office. It’s the older, big tech companies that most want folks to come back to the office. That’s changing.
Homebase raises $70M for a team management platform aimed at SMBs and their hourly workers. Team and project management remains one of the most competitive spaces in SaaS. But a huge one.
Employee engagement platform Culture Amp raises $100M at a $1.5B valuation. HR tech has rebounded with a vengence since Covid.
Mystery Crypto Billionaire Pays Record $83 Million for Pacific Palisades Mansion. There is real cash in crypto. A record for the Palisades in Souther California.
Twitter closes San Francisco, New York offices as Covid cases surge. Twitter offices close for new after just a few weeks open.
The Future of Work at Mailchimp | Mailchimp. Only 2% of Mailchimp employees want to work in the office 5 days a week!
Startup Lithic Valued at $800 Million With Bet by Stripes. Payments players are on fire. It’s not just Stripe and Adyen.
Class, a Zoom-only virtual classroom, nears unicorn status after SoftBank check. The founder of Blackboard, a previous leader in e-learning platforms, builds the next generation on top of Zoom. And quickly zooms to almost unicorn status.
25% of the Cloud 100 startups are growing at 100% or more at $100m ARR. Stunning. More in our convo here: