Share to Twitter Share to Linkedin Alexa Grabell was running sales strategy for a billion-dollar company when she grew frustrated by the lack of tools available to answer company leadership’s questions about how customers were interacting with their product. “I was building these hacky solutions,” she says. “The tools did half the job.” Out of this frustration grew Pocus, a startup founded by Grabell and Isaac Pohl-Zaretsky. Pocus, which was on Forbes’ Cloud 100 Rising Stars List last year , announced $23 million in seed and Series A funding on Wednesday. Founders Grabell and Pohl-Zaretsky, who serve as CEO and CTO of the startup, respectively, are Forbes 30 Under 30 enterprise technology alums for 2022 . The company declined to share its valuation. “Valuable data about how users interact with a product lives in other places like a data warehouse where sales people can't get access,” Grabell says. It’s time-intensive for engineers to transform … [Read more...] about Pocus, Which Helps Companies Manage Product Data, Raises $23 Million
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Share to Twitter Share to Linkedin A s the class of 2022 loads their twin XL sheets and overpriced textbooks into their parents’ SUVs, they’re met not just with the existential questions of fresh grads ( What am I doing with my life? How do I excel at my job? ) but also with questions that have been dominating the news cycle: Do I even want to be in an office? What happens if my company starts laying people off? Will I find better professional prospects if I land a job now or in a few months? One Under 30-founded startup wants to help alleviate this sense of dread: Gen-Z recruiting company RippleMatch . The startup announced this week that it had raised a new $45 million Series B round from investors such as Goldman Sachs (whose analysts are not known for their workplace satisfaction ) to be the new LinkedIn for young professionals. Read about RippleMatch here . Speaking of young talent, the Forbes newsroom just gained some of its own: a … [Read more...] about The Class Of 2022 Enters A Shaky Workforce. This Under 30 Startup Wants To Help.
- A + A CHICAGO (June 28): In a year that has seen widespread selling of technology stocks and long-time market leaders fall into bear territory, the woes of Netflix Inc stand alone. The video-streaming company has plummeted 69% this year, abandoned by both investors and analysts as back-to-back disappointing quarterly reports raised concerns about user trends in an industry that’s becoming more competitive and losing its pandemic-related tailwinds. The drop is the most of any Nasdaq 100 or S&P 500 component, and much worse than the former index’s 26% decline. The growth outlook has weakened to the point that Netflix has cut hundreds of jobs and changed its tune on two longstanding principles: it is cracking down on password sharing, and will introduce an ad-based subscriber tier to the platform. That’s on top of a backdrop where high inflation has pushed the Federal Reserve to hike rates sharply, sparking recession fuels and fueling a rotation out of tech. … [Read more...] about The number of Netflix bulls is dwindling
The resignation of Glossier CEO Emily Weiss inspired another wave of obituaries for young, female founders. Nevertheless, they persist—and refuse to be put on glass pedestals again. I n October 2021, Rent the Runway cofounder Jennifer Hyman took her 12-year-old subscription fashion company public at a $1.7 billion valuation, valuing her 5.1% stake at nearly $49 million. The 41-year-old CEO was one of only about 25 American women in history to go public with a company she had founded. But Rent the Runway’s IPO was even more unusual for not only having a female founder but also a female CFO and a female COO. Hyman celebrated the moment on a flowery Nasdaq podium surrounded by the key women on her team, her two daughters and a shower of pink confetti. But for all the femininity on stage, there is one word that Hyman would not use to mark the moment: “Girlboss.” “We've created a false narrative because we looked at two or three examples of women who were building businesses … [Read more...] about Why Female Entrepreneurs Welcome The End Of The Girlboss Era—Once And For All
Share to Twitter Share to Linkedin NFL star Patrick Mahomes and Nascar driver Bubba Wallace have joined the growing list of athletes investing in a third fund led by venture capital firm Andreessen Horowitz. The firm, known as a16z, launched its third Cultural Leadership Fund, or CLF, which has the goal of growing Black wealth through ownership of future technology companies. The fund also attracted NBA player Blake Griffin, WNBA stars Nneka Ogwumike and Maya Moore, and NFL running back Leonard Fournette, as well as music producer Pharrell Williams and pop star The Weeknd. CLF’s investment portfolio includes equity stakes in blockchain company Dapper Labs, video game developer Roblox and publishing platform Substack. A16z said the fund has raised over $60 million since 2018. In a statement sent to Forbes , Wallace called CLF “important work” as its purpose is to enhance “access and equity for Black communities in tech.” Diversity in the tech … [Read more...] about Patrick Mahomes, Bubba Wallace Join A16z Cultural Leadership Fund Aiming To Grow Black Wealth
Share to Twitter Share to Linkedin A failed bid to build a textile marketplace at the height of the dotcom boom taught Felix Capital’s Frederic Court an important lesson about the power of habits. “Consumers can change their lifestyles fast, but in a work environment it takes much longer,” says Court, who has now landed a spot on the Midas List Europe with his investments in consumer-focused brands like Moonbug, Mejuri and Farfetch. The London-based investor which styles itself as the venture fund for the “creative class” has now raised a new $600 million round, doubling its assets under management to $1.2 billion. Court, Felix Capital’s founder and managing partner, says the fund will stick with its “concentrated” focus on making up to 25 investments in European and American startups that tap into changing consumer behavior. “We started very early at Felix to talk about the emergence of a more digital lifestyle and that’s a trend that has only … [Read more...] about Moonbug And Goop Investor Felix Capital Raises $600 Million
Share to Twitter Share to Linkedin Fintech and digital assets infrastructure provider Prime Trust has raised $107 million in Series B Funding. FIS, one of the world’s largest payments processors, fintech-focused asset manager Fin Capital, Kraken Ventures and Prime Trust’s Series A lead investor, Mercato Partners, were among the leading investors in the round, the Las Vegas, Nevada-based firm announced today (Prime Trust declined to disclose valuation). Despite the latest crypto crash, which saw the value of bitcoin and other digital assets plunge to their lowest level in 18 months, the round was oversubscribed, according to Prime Trust CEO Tom Pageler. “This strategic investment will provide critical operational expertise to further scale Prime Trust into new offerings,” says Pageler, “including wealth products, as well as Web3 and DeFi products.” Specifically, the company will focus on scaling its latest offering, Prime Trust Crypto IRA, which … [Read more...] about Prime Trust Raises $107 Million Series B Round To Expand Crypto Product Suite