Remove 2014 Remove incumbents Remove investing Remove venture capital
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CommerceIQ gets its horn as capital continues to flow into e-commerce infrastructure startups

TechCrunch

When much of the shopping shifted online during the global pandemic, startups developing software and other products to aid the transition began to garner attention from venture capital firms. The CEO is Guru Hariharan, who you might remember from retail analytics company Boomerang Commerce , a Startup Battlefield finalist in 2014.

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The Rising Stakes in SaaS

Tomasz Tunguz

Venture capitalists have financed many of those businesses. Over that 20 year period, annual SaaS investment has increased 20x, peaking in 2014 at $7B. Those venture dollars have financed a panoply of competition. Incumbent client/server technologies have lost their market dominance to new incumbents.

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Citi backs Crowdz, a Pipe competitor that just raised $10M for its blockchain-powered invoice financing marketplace

TechCrunch

Payson Johnston and Steven Lee started Crowdz in 2014 after working as B2B supply-chain senior managers for global processes at Cisco. With this latest investment, Crowdz and Citi plan to collaborate based on that goal of giving SMEs “rapid and efficient access to the working capital needed to keep their businesses running.”

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Polly snags $37M in Menlo-led Series B to automate workflows for mortgage lenders

TechCrunch

Carmel previously founded Ethos Lending (which sold to Fenway Summers in 2014 ) and it was that experience that helped him conclude there were serious gaps in the market for automating workflows for lenders. That includes expanding its product and engineering teams and investing in AI and machine learning capabilities. .

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Quickly Unpacking Microsoft’s Acquisition Of GitHub

Haystack

After being installed in 2014 as Microsoft’s new CEO, Nadella has turned around the Seattle ocean liner on a new course after the Ballmer regime. Buying that time and capital paid off, as Microsoft recently announced it would purchase GitHub for $7.5B. Satya strikes again. They’re probably not far off from the truth.

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The Decline of New SaaS Company Formation

Tomasz Tunguz

In 2014, that figure fell to 1186 and in 2015, we count 481. This is counterintuitive considering the broader venture capital backdrop of near record venture investment in software. But if we assume the 2014 cohort is accurate, then the data suggests an 18% drop in software company formation.

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In its first funding in 7 years, profitable fintech Lower raises $100M Series A led by Accel

TechCrunch

“We were immediately intrigued because Ohio-based Lower echoes both of these themes,” said Accel partner John Locke, who led the firm’s investment in Lower and is taking a seat on the company’s board as part of the investment. Snyder co-founded Lower in 2014 with the goal of making the homebuying process simpler for consumers.