Software Firm JFrog Hops 47% in Debut After $509 Million IPO
Bloomberg -- With roots in Israel, JFrog* didn’t initially get the attention it deserved from Silicon Valley, said Dharmesh Thakker, a general partner at Battery Ventures. “Nobody really knew this sleepy little company with strong fundamentals,” said Thakker, who took a board observer seat at the company after investing. He said that he’s seeing more and more promising startups getting their start outside of the U.S.
How to get the most branding bang out of your B2B IPO
TechCrunch -- There’s definitely a lot of talk about SPACs these days. But the tried-and-true IPO is still the long-term liquidity goal for most tech startups. CEOs dream of ringing the bell on the floor of the New York Stock Exchange, or seeing their face splashed across Nasdaq’s giant video screen in Times Square.
The Cloud 100 2020
Forbes -- Once an outsider category, cloud computing now powers every industry. Look no further than this year’s Forbes Cloud 100 list, the annual ranking of the world’s top private cloud companies, where this year's standouts are keeping businesses surviving—and thriving—from real estate to retail, data to design. Many of Battery's portfolio companies made the list.
The Tiny Bank That Got Pandemic Aid to 100,000 Small Businesses
The New York Times -- Cross River* has cranked out more loans under the federal Paycheck Protection Program than all but three of the country’s biggest lenders. From its address on the west side of the Hudson River to its tiny balance sheet, Cross River Bank is nothing like Manhattan’s Wall Street behemoths. But as part of the government’s efforts to stave off an economic catastrophe, it stands among giants.
13 Boston-focused VCs share the advice they’re giving portfolio companies
TechCrunch -- Recently TechCrunch has been focusing a bit more on the Boston-area startup and venture capital ecosystem. This first edition deals with the world we live in today, and the remainder will detail what Boston-area investors think about the future. Battery Ventures' Neeraj Agrawal was interviewed for this article.
2020 CNBC Disruptor 50
CNBC -- The 2020 CNBC Disruptors are 50 private companies at the epicenter of a changing world, poised to emerge from the pandemic as the next generation of billion-dollar businesses. Battery-backed Databricks* lands at #36 on the list.
In Hotels and Beyond, UV Light Robots and Lamps Could Help Protect Against Coronavirus
Good Morning America -- Kennedy is one of three robots the Beverly Hills Hilton is using from the San Antonio-based company Xenex Disinfection Services. The firm said it has been deploying UV light robots in over 500 hospitals around the world for nearly a decade, working with large health care institutions like the Mayo Clinic and MD Anderson.
This Company Proves That Happy People Are Worth More In Tough Times
Forbes -- When forecasts, targets and financial planning fall away, the most valuable asset a company has left is its people. And as video tech company Vidyard discovered during the recent pandemic, a collaborative and positive company culture could be the difference between flourishing and failing.
Enterprise investors remain flexible as they navigate COVID-19
TechCrunch -- One would think it’s a given that investment strategies would change in the strange times we find ourselves. With the economy staggering and so much general uncertainty, it seems caution would be the watchword of the day, especially in the enterprise. But enterprise investors aren’t necessarily looking at what’s going on right now. Battery Ventures' Dharmesh Thakker was interviewed for this article.
12 top cybersecurity VCs discuss investing, valuations and no-go zones
TechCrunch -- Cybersecurity is by far the most important area in any industry. Without it, we would be in hacker open season. But cybersecurity is difficult to get right. One wrong move and you can leave the door open for data breaches, ransomware and nation state-backed espionage. Battery Ventures' Dharmesh Thakker was interviewed for this article.
2020: Next Billion-Dollar Startups
Forbes -- For the sixth year in a row, Forbes has teamed up with TrueBridge Capital Partners to search the country for the 25 fastest-growing venture-backed startups most likely to reach a $1 billion valuation. Battery Ventures-backed Gong.io made the list.
12 VCs share their thoughts on enterprise startup trends and opportunities
TechCrunch -- Startups are uniquely positioned to help companies solve these new modern kinds of problems, and venture capitalists certainly understand all of these dynamics and are always dutifully searching for startups that could help companies shift to a digital future more quickly.
Health Insurers’ Savings During Pandemic May Be Fleeting
Bloomberg Law -- Employers and insurers so far are coming out ahead in terms of the health-care costs they are incurring during the Covid-19 pandemic, but they may face sharply higher costs down the road, health-care analysts say. Including experts from Battery-backed Machinify, a Palo Alto-based software company that processes claims for health plans covering about 150 million people.