Shares of New Relic, which sells software for monitoring performance of cloud applications, dropped more than 5% after the company announced it is switching CEOs. President and Chief Product Officer Bill Staples is taking over for founder and CEO Lew Cirne, who is moving to executive chairman on July 1. New Relic, founded in 2008, was an early player in a market that is becoming increasingly...
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The Briefing markets startups
A Boring—but Important—IPO
We tend to lionize founders who start companies with the splashiest, most far-reaching consumer products. So Andrew Bialecki of $10 billion marketing tech startup Klaviyo—a name few people even know how to pronounce (it’s “clay-vee-oh”)—isn’t exactly a favorite to headline the next Code Conference.But Bialecki—a Boston-based, 37-year-old engineer who rarely gives interviews anyway—should be...
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