New clinic provides convenient access to pre-departures testing for travellers taking the UP Express to Toronto Pearson TORONTO, March 11, 2022 /CNW/ – The Greater Toronto Airports Authority (GTAA), Switch Health and Metrolinx have collaborated to offer travellers coming to Toronto Pearson…
This week our experts brought you the following insights based on their experience as investors, entrepreneurs & executives. Monday Ilias Hatzis our Greece-based crypto entrepreneur (Founder & CEO at Kryptonio a “keyless” non-custodial bitcoin and cryptocurrency wallet, that lets users manage bitcoin and crypto, without private keys or passwords and Weekly Columnist at Daily Fintech) @iliashatzis […]
March 14th is Pi Day and Adafruit is celebrating with a storewide-weekend-long sale 🥳Add the code PIDAY to your cart to get 10% off in stock items! This code is valid 12am ET Friday March 11th – 11:59pm ET Monday March 14th.We are not able to apply the discount to orders placed before the start […]
On March 10th the MoonPay team contacted all customers to inform them that due to recent events in Eastern Europe they had suspended operations in Ukraine, Russia, and Belarus and are no longer working with customers with physical addresses in those regions. In an explanation of their recent decision, they noted that it was impossible […]
Three suspects were arrested at California’s Chicken Ranch Casino earlier this week. A security guard at the tribal casino spotted what turned out to be more than 40 grams of suspected fentanyl and some methamphetamine (meth) in their possession. The three were in the Jamestown gaming property’s parking lot on Monday. Erik Seth Odle, 26, […]
I’m going to tell you a bit about two startups and I’d like you to guess the name of each company.
Both of these businesses are publicly traded. Both startups provide database software to developers to build applications. Both have grown very fast. In fact, their revenue trajectories through 2020 are nearly identical. Both companies employ a usage-based pricing model: pay for what you use.
In 2016, each company recorded less than $50m in revenue. In two years, both would near $200m in revenue. They would both exceed $400m in 2020.
Both of these businesses trade at similar valuations as of this writing.
Red Company
Blue Company
Market Cap to Revenue Multiple
32.6
32.2
But here the stories diverge in 2021.
Red Company’s revenue explodes from $595m to $9.9b. That’s 16.6x growth, a rate most seed stage companies would struggle to match. The fastest growing public SaaS company last year charted 1.1x growth.
Avelo Airlines today announced it is introducing new nonstop service from Boise to Hollywood Burbank this spring. The new service will offer Southwestern Idaho a more convenient and affordable alternative for visiting Southern California’s attractions, the great outdoors or going back and forth visiting friends and relatives. Introductory one-way fares between Boise Airport (BOI) and […]
Tesla is going above and beyond to support its Ukrainian employees. CNBC has reported that it obtained an internal email that was sent on Monday, the 12th day after Russia wrongfully invaded Ukraine, and the email shows that Tesla is doing a lot to support the Ukrainian people alongside SpaceX — which has sent Starlink […]
Top US crypto exchange Coinbase is launching full retail support for a quartet of low-cap altcoins. Aioz Network (AIOZ), Golem (GLM), Highstreet (HIGH) and Synapse (SYN) are now live on Coinbase.com and the exchange’s mobile apps, according to a new tweet from the company. Coinbase Pro listed the four assets earlier this week along with […]
Bitcoin has fallen again. After a week or so of the world’s number one digital currency rising back above $40,000 and staying within that range, it looks like the asset has taken another tumble and at the time of writing, is trading for around $39,000 per unit. Bitcoin Takes Another Dive It appears the fight...