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You’re not going to grow into your 2021 valuation

TechCrunch

We often hear companies claim: “We will grow into our valuation from 2021.”. Interestingly, these companies claim they can do that — as if growing into one’s 2021 valuation is easy and can happen in the near term. If you are growing slower than 30%, there is a strong chance that you will never be able to match your 2021 valuation.

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Groundcover lands $20M to help companies monitor app performance

TechCrunch

Groundcover , a performance monitoring platform for cloud apps, today announced that it raised $20 million in a Series A round led by Zeev Ventures with participation from Angular Ventures, Heavybit and Jibe Ventures. The market for app performance monitoring (APM) is expected to grow to $6.3 The reason? Image Credits: Groundcover.

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What would Databricks be worth in a 2021 IPO?

TechCrunch

TechCrunch recently covered Databricks’ financial performance in 2020 , contrasting its recent performance to some historical 2019 data that the company shared. The data-and-analysis focused unicorn grew its annual run rate 75% to $350 million, compared to its year-ago quarter, meaning that the firm is growing well at scale.

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TechCrunch+ roundup: Optimizing dev teams, O-1A visa criteria, growth’s golden metric

TechCrunch

“High-performing IT teams — which could deploy and push code to production faster than their peers — experienced 60 times fewer failures and recovered from them 168 times faster,” he writes in TechCrunch+. How to improve retention, growth marketing’s golden metric. billion in May 2021, reports Jacquelyn Melinek.

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SaaS in 2021: How prodigious growth changed the startup landscape permanently

TechCrunch

The combination of an enormous market, a compelling growth engine and outstanding unit economics is helping top startups attract talent and capital, which might increasingly be escaping lower-performing companies, according to the report’s authors. And which benchmarks can they use to evaluate their performance?

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Can developer productivity be measured? Better than you think

CIO

The high performers also saw 60% higher shareholder returns and 20% higher operating margins. The US Bureau of Labor Statistics has projected that the number of software developers will grow 25% from 2021-31. Well-known metrics, such as deployment frequency, are useful when it comes to tracking teams but not individuals.

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What Robinhood’s warnings about crypto trading say about Coinbase’s near-term future

TechCrunch

Is the trading boom of 2020 and 2021 slowing? consumer-focused investing app told investors in the document that it expects revenues to decline in the third quarter compared to its Q2 performance. Coinbase posted insanely good early-2021 results thanks to a bull run in cryptocurrency prices that drove retail interest and trading fees.

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