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Salesforce Ventures invested $300M in Automattic while Salesforce was building a CMS

Salesforce Ventures invested 0M in Automattic while Salesforce was building a CMS In September, Salesforce Ventures, the venture of arm of Salesforce, announced a hefty $300 million investment in Automattic, the company behind WordPress, the ubiquitous content management system (CMS). At the same time, the company was putting the finishing touches on […]

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How to sell a startup for a $1B, Automattic, WeWork craziness, Kobalt, Netflix, Blackstone, and ClimateTech

How to sell a startup for a B, Automattic, WeWork craziness, Kobalt, Netflix, Blackstone, and ClimateTech Editor’s Note Apologies for not getting this roundup newsletter out on Saturday — I was on vacation this weekend. So this newsletter covers the back half of last week and the first half of this week, […]

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Startups Weekly: Upfront Ventures bets on a bus service

Startups Weekly: Upfront Ventures bets on a bus service Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy news pertaining to startups and venture capital. Before I jump into today’s topic, let’s catch up a bit. Last week, I profiled an e-commerce startup Part & […]

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Automattic raises $300 million at $3 billion valuation from Salesforce Ventures

Automattic raises 0 million at billion valuation from Salesforce Ventures Automattic, the company behind WordPress.com, WooCommerce and soon Tumblr, has closed a $300 million funding round at a $3 billion post-money valuation. The Series D round has a single investor, Salesforce Ventures. Founding rounds are something special for Automattic . While the […]

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Y Combinator Demo Day, revenue-based VC funding, Pivotal, Dell, Tumblr, WeWork, and more

Y Combinator Demo Day, revenue-based VC funding, Pivotal, Dell, Tumblr, WeWork, and more Editor’s note Due to bad travel logistics (thanks SFO), I wasn’t able to get the mid-week edition of the Extra Crunch roundup newsletter out. Sorry about that. Instead, here is everything we published this week on Extra Crunch in […]

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What will Tumblr become under the ownership of tech’s only Goldilocks founder?

What will Tumblr become under the ownership of tech’s only Goldilocks founder? This week, Automattic revealed it has signed all the paperwork to acquire Tumblr from Verizon, including its full staff of 200. Tumblr has undergone quite a journey since its headline-grabbing acquisition by Marissa Mayer’s Yahoo in 2013 for $1.1 billion, […]

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Axios’ Dan Primack on ‘the most polarizing startup that exists’

Axios’ Dan Primack on ‘the most polarizing startup that exists’ Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week was a bit special. Instead of meeting up at the TechCrunch HQ to record the episode, Kate and Alex met up in muggy […]

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WordPress says iOS app bug exposed account tokens to third-parties

WordPress says iOS app bug exposed account tokens to third-parties WordPress said it’s fixed a bug in its iOS app that inadvertently exposed account tokens to third-party sites. In an email to customers seen by TechCrunch, the content management giant said it “uncovered an issue with the WordPress iOS application with how […]

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WordPress.com parent company launches work collaboration platform Happy Tools

WordPress.com parent company launches work collaboration platform Happy Tools Automattic, the company behind WordPress.com, WooCommerce and Jetpack, is launching a new suite of products focused on the future of work — Happy Tools. Automattic is a remote company with over 850 employees working from 68 countries. And the company has built a […]

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Remote workers and nomads represent the next tech hub

Remote workers and nomads represent the next tech hub Amid calls for a dozen different global cities to replace Silicon Valley — Austin, Beijing, London, New York — nobody has yet nominated “nowhere.” But it’s now a possibility. There are two trends to unpack here. The first is startups that are fully, […]

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