How $5.6 Billion Cloud Company Fivetran Acquired Its Way To Survival

  • 📰 ForbesTech
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 59%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

1/ Cofounders George Fraser and Taylor Brown pulled off a “rabbit out of a hat” deal to make their data company viable—raising $565 million within 72 hours to acquire a competitor. KenrickCai on Cloud100 company fivetran's path to viability:

, which could, ideally, tell them what it all meant. Fraser and Brown had gone through Y Combinator together. They had raised about $160 million. They had spent countless hours sweating the technical details. But they still didn’t have a product designed for large companies.

Seated behind a desk that had belonged to his great-grandfather, who had been president of Chicago Title and Trust starting in the 1930s, Fraser stumbled upon a decidedly old-school solution to his problems. He would buy his way to viability. HVR, a competitor located in San Francisco, just across the bay from Fivetran’s Oakland headquarters, had been beating them to enterprise deals.

John Buckingham is Principal and Portfolio Manager of the AFAM Division of Kovitz Investment Group and editor of The Prudent Speculator. The company, which lands in 27th place on this year’s Cloud 100 ranking , forecasts $189 million in revenue this fiscal year , more than double last year’s figure. It now counts JetBlue, Forever 21 and chicken chain Nando’s among its customers.estimates the two cofounders each own a tenth of the company, putting their net worth at about $500 million apiece .

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:

 /  🏆 318. in NG
 

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

kenrickcai fivetran Forbes- how can you write articles like this without discussing the privilege these white, wealthy men have to literally fail forward.

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.

Alan Howard's Crypto Company Bags $70M in a Funding Round Led by Barclays and GoldmanBanking giants Goldman Sachs and Barclays have invested in Alan Howard's cryptocurrency trading platform.
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Howard Levitt: How a hot job market is giving companies cover to fire costly older workersHoward Levitt: We are seeing a rash of terminations of mid\u002D and upper\u002Dlevel employees who are being replaced by younger, less expensive ones.
Source: TheStarPhoenix - 🏆 253. / 63 Read more »

Howard Levitt: How a hot job market is giving companies cover to fire costly older workersHoward Levitt: We are seeing a rash of terminations of mid\u002D and upper\u002Dlevel employees who are being replaced by younger, less expensive ones.
Source: TheStarPhoenix - 🏆 253. / 63 Read more »