Robinhood shareholders including early backers NEA, Ribbit Capital and Index Ventures are selling up to 97.9 million “HOOD” shares one week after the stock-trading app debuted on the Nasdaq, according to a company filing . Shares of Robinhood tumbled as much as 15% to $59 on the news. The company’s stock closed at $70 a share Wednesday after a particularly volatile day of trading that saw...
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AI Startups Are Trying to Make Usage-Based Pricing Happen
Tech waves have often brought along with them corresponding changes in business and pricing models. For instance, when companies moved from using servers in their own data centers to ones hosted by public cloud providers, they also switched from buying packaged software a la carte to subscribing to cloud-based software, leading to the much-loved SaaS model we see today.Now, VCs are telling me...
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