Matrix Partners Closes On Tenth Fund; Raises $450 Million For Early-Stage Investments
Matrix Partners just announced the close of Matrix X, the venture firm's tenth early-stage technology-focused fund. As Fortune's Dan Primack reported in a scoop in April, the firm raised $450 million for this fund.
Box Acquires Crocodoc To Add HTML5 Document Converter And Sleek Content Viewing Experience To Cloud Storage Platform
Cloud storage company Box has acquired HTML5 document embedding service and Y Combinator alum Crocodoc, both companies announced in a press briefing today. Financial terms of the deal, which was a cash and stock transaction, were not disclosed; however, Box CEO and co-founder Aaron Levie said that it was a successful exit for investors. Crocodoc has raised a little over $1 million funding from Y Combinator, SV Angel, Paul Buchheit, Joshua Schachter, Dave McClure, Steve Chen and XG Ventures.
Economies Of Scale As A Service
Credit where it's definitely due: this post was inspired by a Twitter conversation with Box CEO Aaron Levie. Don't look now, but something remarkable is happening. Instagram had twelve employees when it was purchased for $700 million; all of its actual computing power was outsourced to Amazon Web Services. Mighty ARM has only 2300 employees, but there are more than 35 billion ARM-based chips out there. They do no manufacturing; instead they license their designs to companies like Apple, who in turn contract with companies like TSMC for the actual fabrication. Nest Labs and Ubiquiti are both 200-employee hardware companies worth circa $1 billion...who subcontract their actual manufacturing out to China.
With Earnings Around The Corner, Apple's Growth Prospects Are Gloomy
Conventional wisdom has it that Apple has reached its peak and can only disappoint from now on. Yet, many financial facts don’t make sense. The market is too harsh with Apple compared to its competitors. But when it comes to products, there is an unsettling detail: there was no product release during fiscal Q2 2013. While Apple is certainly not doomed, its future looks gloomy. That’s why today’s earnings will be important for the company. Expectations “I am a dreamer. I know so little of real life that I just can’t help re-living such moments as these in my dreams, for such moments are something I have very rarely experienced.” –Fyodor Dostoyevsky, White Nights (1848) Apple’s growth has been incredible over the past two years, with double-digit growth for sales and profit. For years, Apple bloggers have vigorously criticized analysts’ expectations regarding Apple earnings and units sold. Basically, Wall Street analysts were setting the bar too high for units and market ...
Treasure Data Projects 500 Percent Growth This Year, Launches New “Plazma” Distributed Database
It’s only been six months since cloud data warehousing company Treasure Data launched its services, but they’re already reporting some impressive growth figures. Treasure Data achieved month-to-month profitability last year, and they’re well on track to achieve a 500 percent increase in revenue this year. They’ve also amassed 50 high-profile clients, which include a leading social gaming company, a mobile advertising platform based in France, and some other Fortune 500 companies – unsurprisingly, Treasure declined to name names. Treasure Data is basically a massive warehouse in the cloud for companies to store their data. Big companies like IBM, Oracle, and Teradata offer data services as well, but with their rates going as high as $5 million, that’s not something every business can afford. Treasure Data, on the other hand, costs $1,500 to $2,500 a month with a year-long commitment. That’s a low enough price point for companies that can’t afford or do not have the resources ...