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James Corden Claps Back After Troll Tweets 'I Hope His Kid Gets Cancer' Over 'Game of Thrones' Spoiler – Entertainment Tonight
May 14, 2019Source: Google News | James Corden Claps Back After Troll Tweets 'I Hope His Kid Gets Cancer' Over 'Game of Thrones' Spoiler – Entertainment Tonight
Source: Google News | At the N.R.A., a Cash Machine Sputtering – The New York Times
Away‘s new lofty valuation proves how far you can get with excellent branding.
The direct-to-consumer seller of Instagrammable luggage has collected $100 million in Series D funding at a $1.4 billion valuation in a round led by Wellington Management, with support from Baillie Gifford, Lone Pine Capital and Global Founders Capital, reports The Wall Street Journal .
We’ve reached out to Away for comment.
The capital will be used to build additional brick-and-mortar stores, as well as add to Away’s portfolio of merchandise with an eye toward expanding into generic travel gear. To date, Away has sold more than 1 million suitcases.
“When someone’s going on a trip, we want to make everything that they need to go on on that trip,” Away co-founder and chief brand officer Jen Rubio said recently on NPR’s How I Built This podcast.
Rubio’s eye for branding and social media expertise has bolstered the company, as has various celebrities’ early adoption of the brand. Rubio got her start at Warby Parker as the company’s head of social media. In 2015, she brought her idea for a modern luggage company to Steph Korey, Warby’s former head of supply chain.
Away’s new valuation, up from $400 million in 2018, firmly places Away into the unicorn club. It joins several other recently added female-founded companies to the exclusive group, such as Rent the Runway and Glossier.
Here’s a closer look at its funding history, via PitchBook:
August 2015: $2.5 million seed round at a $7.2 million valuation
September 2016: $8.5 million Series A at a $40 million valuation
May 2017: $20 million Series B at a $120 million valuation
June 2018: $50 million Series C at a $400 million valuation
May 2019: $100 million at a $1.4 billion valuation
Away has brought in a total of $181 million, including the latest investment. Previously, Away raised a $50 million Series C and claimed in the announcement that it had already hit profitability, a notable accomplishment for a startup that was still shy of three years old.
Away is backed by Forerunner Ventures, Accel, Battery Ventures, Comcast Ventures, Shawn Carter, Slack CEO Stewart Butterfield and Karlie Kloss.
Butterfield and Rubio are romantically linked and perhaps soon-to-be married? The well-known Slack executive tweeted shortly after the WSJ story on Away broke asking Rubio to marry him. She has yet to announce her response.
All in a day’s work.
Source: Tech Crunch Startups | Trendy luggage brand Away packs on 0M, rolls past .4B valuation
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If you thought Uber’s disastrous initial public offering last week would deter fellow venture-backed technology companies from pursuing the public markets in 2019, you thought wrong.
CrowdStrike, yet another multi-billion-dollar Silicon Valley “unicorn,” has filed to go public. The cloud-based cybersecurity platform valued at $3.3 billion in 2018 revealed its IPO prospectus Tuesday afternoon.
The company plans to trade on the Nasdaq under the ticker symbol “CRWD.” According to the filing, it intends to raise an additional $100 million, though that figure is typically a placeholder amount. To date, CrowdStrike has raised $480 million in venture capital funding from Warburg Pincus, which owns a 30.3% pre-IPO stake, Accel (20.3%) and CapitalG (11.2%).
As we’ve come to expect of these companies, CrowdStrike’s financials are a bit concerning. While its revenues are growing at an impressive rate, from $53 million in 2017 to $119 million in 2018 to $250 million in the year ending January 31, 2019, its spending is far outweighing its gross profit. Most recently, the company posted a gross profit of $163 million on total operating expenses of about $300 million.
CrowdStrike is not yet profitable. Its total losses are increasing year-over-year from $91 million in 2017, to $135 million in 2018 and $140 million in 2019.
Headquartered in Sunnyvale, the business was founded in 2011 by chief executive officer George Kurtz and chief technology officer Dmitri Alperovitch, former McAfee executives. CrowdStrike, which develops security technology that looks at changes in user behavior on networked devices and uses that information to identify potential cyber threats, has reportedly pondered an IPO for some time.
The business sells its endpoint protection software to enterprises on a subscription basis, competing with Cylance, Carbon Black and others. In its S-1, CrowdStrike makes a case for its offering based on the rise of cloud computing and the growing threat of cybersecurity breaches. It estimates a total addressable market worth $29.2 billion by 2021.
“We founded CrowdStrike in 2011 to reinvent security for the cloud era,” the company writes. “When we started the company, cyberattackers had a decided, asymmetric advantage over existing security products. We turned the tables on the adversaries by taking a fundamentally new approach that leverages the network effects of crowdsourced data applied to modern technologies such as artificial intelligence, or AI, cloud computing, and graph databases.”
Source: Tech Crunch Startups | CrowdStrike, a cybersecurity unicorn, files to go public
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