Snowflake’s buzzy IPO just got a little more buzzy

Cloud-data software maker Snowflake priced its initial public offering at $120 a share, above the marketed range, according to a person familiar with the matter who asked not to be identified. The San Mateo, Calif.-based company planned to sell 28 million shares for $100 to $110 each, a range that was boosted from $75 to $85, according to filings with the U.S. Securities and Exchange Commission. Snowflake, founded in 2012, is a rare challenger to Amazon as a provider of public cloud storage and services. In the fiscal year that ended Jan. 31, Snowflake’s revenue soared 174% to $264.7 million compared with the previous fiscal year, the company reported. In… Read More

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Anonymous founders are posting brutal reviews of venture capitalists on VC Guide, a website that wants to become the NetPromoter for VCs

Summary List Placement VC Guide is a new website run by an unknown entity that allows founders to rate venture capitalists on a scale of 1-10 and post reviews about them.  It describes itself as an NPS (Net Promoter Score) for VCs. A site that allows founders to read reviews of investors is not an entirely bad idea, although we’ll have to wait and see how this particular site grows with its anonymous comments, some of them brutal. Still, as any startup founder will tell you, an investor relationship is like a marriage. As owners of the company, investors and founders have to see eye-to-eye on the company’s futures or… Read More

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Here’s what we know about Oracle’s bid to become TikTok’s ‘trusted technology provider’ and potentially save it from Trump’s threats of a US ban (ORCL)

Summary List Placement The US government is expected to review a deal between Oracle and TikTok-parent ByteDance on Tuesday, potentially ending the months-long battle over TikTok’s ownership and status in the US. Oracle, best known as the leading provider of database software and a $187 billion tech titan in its own right, is the unlikely and unexpected partner Beijing-based ByteDance has chosen to resolve the matter, emerging as the winner this weekend after Microsoft confirmed Sunday that its bid for TikTok was turned down. Oracle and TikTok both confirmed in statements that they submitted their joint deal to the US government for approval, with TikTok saying it believed the deal “would resolve… Read More

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Bill Gates Sr., 1925-2020: Microsoft co-founder’s father made his own mark on Seattle and the world

Bill Gates Sr. in 2010. Photo via The Bill & Melinda Gates Foundation. Bill Gates Sr., a respected lawyer, devoted civic leader, trusted mentor, and influential philanthropist who helped to shape Seattle’s tech industry even before his son co-founded Microsoft, died Monday of Alzheimer’s disease. He was 94. “My father’s death is a tremendous loss for our family and the many people whose lives he touched. Dad lived a long and enormously meaningful life,” Bill Gates Jr. said in a statement issued by the Gates family. “I never stopped learning from his wisdom, kindness, and humility. Melinda and I owe him a special debt because his commitment to serving the… Read More

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Apple says its new Apple One services bundle isn’t unfair to Spotify

Illustration by Alex Castro / The Verge Apple, the world’s most valuable company, is currently under assault by Fortnite developer Epic Games in an incredible legal and cultural fight, but Epic was hardly the first to accuse Apple of abusing monopolistic power. Today, Spotify — the music service whose complaints helped launch two official EU antitrust investigations into Apple’s App Store and Apple Pay practices — has taken offense at Apple’s announcement of an all-in-one subscription bundle that includes its rival Apple Music. Here’s Spotify’s statement: Once again, Apple is using its dominant position and unfair practices to disadvantage competitors and deprive consumers by favoring its own services. We call… Read More

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