Rubrik, a data protection startup backed by several big-name Silicon Valley venture capital firms, announced it has passed $400 million in subscription-based annual recurring revenue, up 100% from this time last year. Rubrik also revealed that its “net retention rate,” which measures a company’s ability to keep customers and get them to spend more over time, has reached 140%, which is as...
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Salesforce Stock Drop Focuses Attention on Activist Investor
The biggest surprise about today’s news that Slack co-founder Stewart Butterfield is departing Salesforce, nearly 18 months after the company acquired Slack, may be that he was still there! It’s not unusual for founders of multibillion-dollar companies like Slack to exit shortly after their firm is acquired. Even so, coming a few days after Salesforce’s co-CEO Bret Taylor quit, Butterfield’s...
Slack CEO Butterfield to Leave Salesforce Next Month
Pinterest Cuts Recruiting Team, Slows Hiring
Influencer Marketing Startup Grin Lays Off 60 Employees
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