Wasabi raised $30 million for its storage service with this pitch deck - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

How cloud storage startup Wasabi raised $30 million in the pandemic using this pitch deck and a simple sales message

Wasabi is a cloud-storage startup that has found a lot of success by keeping things simple.

The Boston-based startup doesn't offer cloud-computing services or the ability to run applications. It just offers a place for corporations to store their data cheaply and securely. But with a growing number of companies moving away from managing their own data centers to relying on the cloud for computing and storage, David Friend, Wasabi's CEO and cofounder, thinks his firm's simple focus is more than enough to build a successful and growing business.

Flowers spent about a year with a team of senior engineers developing the idea to see if it would work, Friend said. Once he did, Friend found someone to replace him as Carbonite's CEO and started Wasabi with Flowers in 2016. Wasabi passes its cost savings along to customers. On a per-terabyte, it charges about one-fifth what Amazon charges. But customers who frequently access their cloud-stored data can save even more.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 729. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

New Tesla video shows Model 3 cars being made inside its China factory - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Love TESLA !!!
Source: BusinessInsider - 🏆 729. / 51 Read more »

Business Insider's biggest advertising and media stories for August 31 - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Huge Data Harvesting Great proposition. Would love to see a real Amazon competitor. Whilst I don’t use Tik Tok, there’s no denying it’s monetisation potential.
Source: BusinessInsider - 🏆 729. / 51 Read more »

DoorDash has launched its grocery delivery service in select regions - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Curious to see how this plays out. I use Instacart right now on weeks where I just don't have time to physically go to a a grocery store. The service is great. Delivery fee is cheap, too. Never had an order under $60, but my delivery fee has always been $3.99.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Twitter investor IVP backs data firm SuperMetrics in $50 million round - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Coronavirus: Global cases pass 25 million, India hits 78k in a day - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. All thanks to our govt... Still our PM says india is safe. There will be more cases in september and october in india as main exams are conducting 6%
Source: BusinessInsider - 🏆 729. / 51 Read more »