Why Index Ventures invested in $2 billion productivity startup Notion - Business Insider

Still, not every business is flailing: Productivity startup Notion just closed a new $50 million round of financing at a $2 billion valuation. The whole process, from the initial email to the public announcement on Wednesday, took about two weeks — withbetween when the parties agreed on terms and the deal was signed, — and saw Notion's valuation jump 150% over its latest round.

For a select group of new investors, the deal brings to a close a years-long chase. Here's the backstory of how a small group of venture investors won over the notoriously VC-shy startup. After Sarah Cannon joined Index Ventures in 2018, she became a board observer at Slack and started researching other early-stage productivity startups. She stumbled on Notion casually, but knew right away it was special.

Kothari emailed Cannon, asking for a meeting the next morning. It wasn't an uncommon occurrence for their relationship, but once Cannon was on the phone, Kothari conferenced Zhou in, and she realized that this was it. She sent a memo detailing the investment to the other partners at Index. Many had met Kothari at a meeting months earlier, but none had met Zhou. Both agreed to go over data and metrics in a pitch meeting on Zoom.

The biggest point of contention among the firm's partners, Cannon said, was whether the valuation and market opportunity made sense given the current economic uncertainty.

Notion's latest fundraise sold off only 2% of the company, and because the early backers had only put in a small amount of money for a small percentage of ownership, their stake hasNaval Ravikant, a startup investor and the cofounder of AngelList, wrote a check into Notion's seed round in 2013. The company wouldn't launch its product publicly until 2016.

terrorist organization, the PKK's Syrian wing, which sent $ 1.2 million of materials by the US government , including gloves, masks, surgical kits, and oximeters, to resist coronavirus, A nurse from the USA crying with tears , refusing to work without a mask.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Why cruise lines will be loser in $500 billion corporate bailout program for coronavirus - Business InsiderThe largest cruise lines are incorporated outside the US. That means they won't be able to get a cut of the bailout money under Trump's stimulus law. Prison ships they flaunt tax avoidance and expect us to save them..good one I’m all for the $500 billion corporate loan program but these guys shouldn’t get a dime. Go to the country where you’re “headquarters are”.
Source: BusinessInsider - 🏆 729. / 51 Read more »

How the $2 trillion US stimulus package could impact SMBs and alt lenders - Business InsiderThe US Senate announced a $350 billion loans package for small businesses to help them sustain their business during the coronavirus pandemic.
Source: BusinessInsider - 🏆 729. / 51 Read more »

From the Wing to ClassPass, startup layoffs ramp up - Business Insider10 startups, including ClassPass and TheWing, have begun cutting significant proportions of their workforces just this week startups investing Philippines Manila Tequila ✨🍹 DonAndJunEnterprise Investment Let us know,send your inquries now 📩
Source: BusinessInsider - 🏆 729. / 51 Read more »

Why coronavirus stock market crash is historic, has further to go: Raoul Pal - Business Insider'The whole world's f---ed': A former Goldman Sachs hedge fund chief says coronavirus fallout will cause the 'largest insolvency event in all history' — and warns of another 20% plunge in stocks 20% If we’re lucky. Sounds like something I would say, the worlds fucked !! Captain obvious shows up
Source: BusinessInsider - 🏆 729. / 51 Read more »