But it looked like the 29-year old entrepreneur was going to have a bad year when in January one of his startup's top engineers was forced to quarantine in Wuhan, China due to the coronavirus, which subsequently led to a global pandemic that plunged the tech industry — and the global economy — into a downturn.
"We saw a massive uptick in traffic," he told Business Insider. "The opportunity that we have today is that every company in the world is seeking to reinvent their frontend experience because they want to be closer to their customers." Rauch founded Zeit, now known as Vercel, in 2015 to offer tools for building better user interfaces, which refers to the ways users interact with a software program. Vercel's clients include companies like AirBnb, Uber, GitHub, Nike and Ticketmaster.Rauch said the coronavirus crisis and the sudden shift to a remote workforce created stronger demand for Vercel's technology.
The financing had been approved before the coronavirus crisis escalated. "Obviously, there's a tragedy going on from a healthcare perspective, and then even from an economic perspective," Dan Levine, a partner at Accel, told Business Insider. "That's obviously the most important stuff."
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How a couple turned their side hustle into a million-dollar business - Business InsiderStacey and Paul Martino used online marketing to draw in potential clients who were struggling with divorce and other relationship issues. Florida's beaches allowed to open at local leaders' discretion. Department of Health has reported more than 25,000 coronavirus cases and 740 deaths.COVID19
Source: BusinessInsider - 🏆 729. / 51 Read more »
10 things you need to know before the opening bell - Business Insider10 things you need to know before the opening bell Great buy Oil Long-Term.
Source: BusinessInsider - 🏆 729. / 51 Read more »
10 things in tech you need to know today - Business InsiderAmazon is facing multiple inquiries from labor regulators into whether it unlawfully retaliated against workers who spoke out about its coronavirus response. Thank you Business Insider LOL A PICTURE OF JEFF BEZOS COME ON
Source: BusinessInsider - 🏆 729. / 51 Read more »
10 things you need to know before the opening bell - Business Insider10 things you need to know before the opening bell
Source: BusinessInsider - 🏆 729. / 51 Read more »
Inside FaZe Clan's multi-million-dollar mansion in LA: rent, details - Business InsiderThe story behind gaming giant FaZe Clan's new mansion in LA, which costs $80,000 per month and was once rented by Justin Bieber Just watch... you won't see any leftist complain about the wealth. If this were a Wall Street banker or other business person they would be falling all over themselves to decry their wealth. BriansMovies
Source: BusinessInsider - 🏆 729. / 51 Read more »
Robinhood closes in on $250 million funding round as demand for digital investment spikes - Business InsiderRobinhood is raising fresh funds, likely worth between $200 million and $250 million, thanks to a spike in demand for digital investment platforms.
Source: BusinessInsider - 🏆 729. / 51 Read more »