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54gene valuation slashed by over $100M amid job cuts and CEO exit

TechCrunch

In August, it sacked 95 employees , mostly contract staff (in labs and sales departments) hired to work in 54gene’s COVID business line launched in 2020. In September, co-founder and VP of Engineering Ogochukwu Francis Osifo left the company. 54gene CEO steps down as the company looks to cut more jobs.

Biotech 229
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TechCrunch+ roundup: SaaS success stats, leveraging ad tech chaos, 2022 layoff trends

TechCrunch

If a company’s combined growth and profit rates add up to more than 40%, it’s a good bet. According to its findings, SaaS founders should target at least 80% and aim to surpass 110%. And if you have ever discussed an idea for starting a company with a friend, think about working on a pitch deck.

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Versa raises $120M for its software-defined networking and security stack

TechCrunch

CEO Kelly Ahuja tells TechCrunch that the proceeds, which bring Versa’s total capital raised to $316 million, will be put toward go-to-market efforts and scaling the company. billion compared to 2020 (albeit down from $26.52 He demurred when asked what percentage of the financing was equity versus debt. billion in 2021).

Security 193
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AoAD2 Chapter 3: How to Be Agile

James Shore

This excerpt is copyright 2007, 2020 by James Shore and Shane Warden. 2 If you have many teams, the overall time frame will be longer. I see many more companies with mediocre Agile teams than great Agile teams. People burn out on the mismatch between Agile ideas and company values. Spend more time listening than talking.

Agile 103
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AoAD2 Chapter 6: Invest in Change

James Shore

This excerpt is copyright 2007, 2020 by James Shore and Shane Warden. You’ve figured out which investments your company needs to make. If not, you can hire consultants. Some Agile consultants have change management experience and can guide both aspects of your Agile adoption. Your feedback is appreciated!

Agile 94