Author: Alex Wilhelm

Tech’s 5 biggest players now worth $3 trillion

TECHCRUNCH Alex Wilhelm Contributor Alex Wilhelm is the editor-in-chief of Crunchbase News and co-host of Equity, TechCrunch’s venture capital-focused podcast. More posts by this contributor: Tech’s most valuable players today crossed the $3 trillion aggregate market cap mark according to Google Finance data. It’s a feat that marks a new threshold for tech amidst the current boom. As “Nasdaq 5,000” was a critical moment in the dot-com rally, the $3 trillion result for the firms that we call the “Big 5” is notable. This is largely because the biggest tech companies — ranked by market cap, as revenue comes in...

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Equity Podcast: Snap reaches new low, and Uber cries uncle in Russia

TECHCRUNCH Hello and welcome back to Equity, TechCrunch’s weekly look at the increasingly troubled venture capital industry. This week Katie Roof and myself — Alex Wilhelm — were joined by Menlo Ventures’ Matt Murphy, a venture denizen who previously worked for Kleiner Perkins. Matthew Lynley is still on vacation, though he was recently spotted atop a clouded mountain reciting math textbooks to himself. He’ll be back next week. It was a busy week as the Summer Lull appears ready to miss its entrance entirely and keep the current news cyclone spinning straight into the fall. But, we narrowed our work...

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Equity podcast: 500 Startups scandals, disappointing IPOs, and the end of Jawbone

TECHCRUNCH Hello and welcome back to Equity, TechCrunch’s venture capital podcast, where we dig into the hype, the dollars, and, recently, the down exits. This week was a fun one. Matthew Lynley is out on vacation, so TechCrunch’s own Megan Rose Dickey (the current host of Bullish and general badass) joined Katie Roof and myself — Alex Wilhelm — to dive into the news of the week. And news there was. We kicked off with a deep dive into the continuing venture capital harassment scandal, which has already brought down one firm, led to a number of smashed reputations,...

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As public markets test new highs, Dropbox said to commence IPO prep

TECHCRUNCH Alex Wilhelm Contributor Alex Wilhelm is the editor-in-chief of Crunchbase News and co-host of Equity, TechCrunch’s venture capital-focused podcast. More posts by this contributor: After quite a lot of time, a business pivot, two different credit lines, buckets of capital and a refocus on cost-control, Dropbox may be finally on the path to going public. According to Reuters, the cloud storage — and I’m sure it would prefer us to add enterprise productivity shop — company is “seeking to hire underwriters for an initial public offering that could come later this year.” The same article continues, saying that Dropbox’s IPO could be “the biggest U.S....

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Equity podcast: Sexual harassment takes down Binary Capital and Blue Apron’s lackluster IPO

TECHCRUNCH Hello and welcome back to Equity, TechCrunch’s recurring venture capital-focused podcast that, against odds laid by its arcane subject matter, is still on the air. (Thanks!) This week was a corker. To help out our regular contingent Matthew Lynley, Katie Roof and myself — Alex Wilhelm — Charles Moldow, a general partner at Foundation Capital swung by the studio. And help out he did as we took on topics technical, serious and whimsical. In order, then? On the technical front, our cadre chewed over Blue Apron’s first-day performance as a public company. The meal kit company initially aimed for a $15 to $17...

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A look back at Amazon’s 1997 IPO

TECHCRUNCH Alex Wilhelm Contributor Alex Wilhelm is the editor-in-chief of Crunchbase News and co-host of Equity, TechCrunch’s venture capital-focused podcast. More posts by this contributor: Amid tech’s current rally, Seattle is enjoying the updraft. Amazon, one of the area’s two critical tech companies, is busy setting records. Shares of Amazon, the e-commerce and cloud computing leader, have busily risen, recently cresting the $1,000 per-share mark. That per-share price is up from Amazon’s 52-week low of $682 and change. Driving that valuation is continued growth, improved cash flow, and widespread adoption of its cloud computing unit. As the company reported in its first-quarter earnings, its revenue grew 23 percent to $35.7 billion, and its trailing operational cash flow grew to $17.6 billion, up from $11.6 billion in the year-ago period. In that same first quarter, AWS grew its revenue from $2.6 billion to $3.7 billion. All that and Amazon is said to have an appetite for Slack, the popular business chat startup, and has made overtures concerning Whole Foods, for which it has bid $13.7 billion. Even for today’s platform ecosystem, Amazon’s footprint is broad. Today and back then But it wasn’t always so. Today, let’s turn back the clock and peek at Amazon’s S-1 document it filed in 1997. What did Amazon look like back then, and if you could go back in time, could you convince yourself to bet the house on the tiny company? Perhaps,...

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Equity podcast: Too much damn Uber news and Jeff Bezos buys a grocery chain

TECHCRUNCH Hello and welcome back to Equity, a weekly podcast of high finance gossip and low GAAP intrigue. It’s TechCrunch’s show focused on all things venture capital. This week, Katie Roof, Matthew Lynley and I — Alex Wilhelm — were joined by Cyan Banister, a prolific investor on her own (Uber, Postmates, the list goes on), and partner at Founders Fund, a team with more than $3 billion under management. This week we hit on three core topics: Uber’s turmoil, Amazon’s epic M&A moves, and Slack’s appetite for more cash On the Uber front, Cyan told us about she came to invest in the...

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Blue Apron’s up IPO is not a surprise, as unicorns fare well in 2017

TECHCRUNCH Blue Apron’s IPO moved closer to reality this week as the firm set a price range for its shares. The company is set to go public at a higher IPO price than its last private round, undercutting worry that future unicorn IPOs may only point one direction: down. The meal-kit startup may IPO at a price between $15 and $17. At midpoint, Blue Apron is worth “just under $3 billion” according to TechCrunch. At the upper-end of its range, Blue Apron’s value grows to $3.2 billion. Notably, both valuations are above what Blue Apron was worth previously. This is no downer of an...

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