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

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ประเทศไทย ข่าว ข่าว

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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 .

เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:

 /  🏆 318. in TH
 

ขอบคุณสำหรับความคิดเห็นของคุณ ความคิดเห็นของคุณจะถูกเผยแพร่หลังจากได้รับการตรวจสอบแล้ว

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

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