Pinterest and Zoom will become the latest tech unicorns to go public when the two companies make their initial public offerings on Thursday. Shares of scrapbooking site Pinterest are expected to be offered at $15-17 each, at an $11.3 billion valuation, while videoconferencing software company Zoom will offer its shares at $33-$35, a valuation of $8.9 billion.
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Walmart has partnered with online children's fashion service Kidbox to launch curated clothing boxes that will ship up to six times a year. The service gives parents access to about 120 brands that weren't previously available at Walmart, including BCBG, Puma and C&C California.
European tech companies are achieving unicorn status while raising less money than their US peers, writes Victor Basta of Magister Advisors. European firms that became unicorns last year had a median fundraising total of around $80 million, compared to $125 million in the US.
A number of well-funded vitamin startups are selling their products through subscription models and emphasizing a hip aesthetic. "A lot of times when it comes to health and wellness, you know, the products can be a little bit boring or too medical," said Craig Elbert, CEO and co-founder of Care/of.
Afya, a Brazilian education startup that sells medical courses, reportedly has filed with the US Securities and Exchange Commission for an initial public offering. Sources say the company has hired Goldman Sachs, UBS, Itau Unibanco and Bank of America to run the offering.
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Selling a business can be an emotionally taxing experience, and you will need to stay focused on day-to-day operations as you court buyers, writes Anil Hemrajani. Personal networking can be useful for finding potential acquirers, but attending conferences and generating media coverage are also useful steps, Hemrajani notes.
The India-based cryptocurrency trading startup Unocoin has cut its staffing to only 14 people, down from more than 100 about a year ago, after fundraising talks sputtered. The news comes at a tough time for cryptocurrency startups in the country, with others ceasing operations or moving elsewhere.