How Wayfair Sells Nearly $1 Billlion Worth of Sofas, Patio Chairs and Cat Playgrounds
Forbes--Wayfair is an e-commerce site selling home furnishings. But with 1,600 employees, its physical presence is rapidly outgrowing its space in an obelisklike skyscraper in Boston’s Back Bay–which happens to be a former hub of the Christian Science church. Long gone are the white shag carpets, wood paneling and executive-floor elevators that once allowed church higher-ups to avoid hoi polloi. Flat-panel TVs on each of 12 floors beam not messages of faith healing but maps of the U.S. and Europe that light up whenever there’s a sale.
The Art of “Something for Nothing”
New York Times--Entrepreneurs are lucky to have one big score. Richard Barton has had a string of them, by repeatedly asking the same simple question: What piece of marketplace information do people crave and don’t have?
How do free messaging companies make money?
Fox Business--Continuuity CEO Jonathan Gray chats with Fox's Stuart Varney about how free mobile messaging apps make money, and the future of his own company, which helps developers build big-data applications.
All your MySQL databases can belong to this startup
VentureBeat--Life revolves around software, and software revolves around databases. So you’ve got to keep an eye on those databases. VividCortex is totally on it. Today, during an appearance at the DEMO Enterprise conference, it launched with a nifty management tool for implementations of the popular open-source MySQL database.
FirstFuel: Is this startup the next Nest?
Fortune--Move over social media. The next hot tech sector might just be the very unsexy-sounding energy efficiency business. Companies in this industry use sophisticated algorithms to analyze how much energy a home or building uses and then suggest energy-saving solutions.
Palo Alto Networks Buys Cyber Security Company Cyvera for $200M
TechCrunch--Security company Palo Alto Networks has bought Cyvera, a cyber security company out of Israel. The deal is worth $200 million. The acquisition is expected to close during the second half of 2014. Cyvera had raised $13 million from Battery Ventures, Blumberg Capital, Prof. Ehud Weinstein and Dr. Ofir Shalvi.
Q2 Holdings IPO Jumps 28% in Debut
USA Today--Shares of Q2 Holdings jumped 28% Thursday to $16.68 in early trading, kicking off what's expected to be a strong slate of technology IPOs in coming weeks.
Wayfair, Speeding Towards IPO, Lands $2 Billion Valuation
Wall Street Journal--Wayfair, an online purveyor of home goods, says it raised $157 million from a group that includes T. Rowe Price and other mutual funds, en route to a planned initial public offering in the coming months.
Dell Moves Toward Cheap Networking
New York Times--Almost three months after the collapse of the personal computer industry forced it to become a private company, Dell is moving on its new strategy. It involves destroying the computer-networking business.
Netflix Loses its Cloud Guru to a VC Firm
Bloomberg BusinessWeek--It used to be good enough for venture capitalists just to hand out money. Well, not anymore. The latest example of this arrives on Tuesday, with Battery Ventures announcing the hiring of Adrian Cockcroft as the company’s first “technology fellow.”
Avalara bets on its sales-tax software–and orange
Seattle Times--Scott McFarlane has always found the idea of accounting and sales tax boring, but that didn’t stop him from starting a business to “make sales tax less taxing” for other businesses. That business is Bainbridge Island-based Avalara.
Startups Ratchet Up the Risk With Share Promises
Wall Street Journal--As the battle for financing heats up, some startups are making big promises to their early investors: a guaranteed return on their money when the company goes public.