Odds and Ends 

R.I.P. Goofy Times

A strange new sensation has settled across the tech industry, one so foreign, so alien, it’s almost hard to recognize. A sense that some great expectations are being radically revised downwards; that someone has turned down a previously unquenchable money spigot; that unit economics can matter even when you’re in growth mode. Could it be … thrift? Well, OK, let’s not go that crazy. But we are witnessing a remarkable confluence of (relatively) parsimonious events. Last year’s high-profile tech IPOs are far from high-fliers: Uber, Lyft, Slack, Pinterest, and Peloton…

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With SEC workers offline, the government shutdown could screw IPO-ready companies

The government shutdown has entered into day 19, making it the second-longest shutdown in U.S. history. With President Donald Trump slamming his hands down on a table and storming out of negotiations with Speaker Nancy Pelosi and Senator Chuck Schumer earlier today, a fast-approaching end feels unlikely. Hundreds of thousands of federal workers are out of work as U.S. leaders struggle to reach a fair agreement on the federal budget, including employees of the U.S. Securities and Exchange Commission . The government agency, responsible for protecting investors and maintaining fair,…

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Snap taps its IPO price as it continues to crash

Update: It happened! Snap fell down to its IPO price (for a few seconds) of $17 per share after its continued steady march south over the past several weeks. The company is now barely holding justabove its IPO price. Snaps last earnings report resulted in a disaster, and while the company still managed to stay above $20 for an extended period of time, a string of bad days for the market and likely increased skepticism for the companys future among the rest of the bundle of growth stocks is putting…

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Unpacking Pinterests $150M Series Whatever

Alex Wilhelm is the editor-in-chief of Crunchbase News and co-host of Equity, TechCrunch’s venture capital-focused podcast. More posts by this contributor: Salesforce marches steadily toward $10B run rate goal Equity podcast: Ubers losses, Clouderas IPO and the biggest e-commerce acquisition ever In a slightly surprising move, Pinterestraised $150 million from private investors this week. The round is notable for a few reasons: The company is widely tipped to be heading for an early 2018 IPO. It has rapidly expanding nine-figure revenues. It has raised far more in its preceding capitaltranche. Why the…

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Pinterest raises $150M at a $12.3B valuation as it makes a full press into visual search

Pinterest said today that the company has raised $150 million in additional capital at a valuation of $12.3 billion as it makes a further full-court press on its visual recognition and search pitch to investors and advertisers and perhaps one day Wall Street. Pinterest last raised $367 million in additional financing at an $11 billion valuation in 2015. In recent years, the company has started to tout its image recognition technology and products built on top of that like Lens, its visual search engine built into your camera. All this…

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Snaps first earnings this week will give a heat check on the new ad ecosystem

When Snap went public earlier this year, it revealed a break-neck level of growth in its nascent advertising business and a dramatic burn rate along with it. But while itll be important for Snap to continue growing that business and get its costs in check, itll be nearly as important to convince Madison Ave. that it can be a mainstay ad buy alongside the big two (Facebook and Google). Snap, like Pinterest and Twitter, faces a steep challenge of convincing advertisers that they should be part of those regular ad…

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