Small Business

Archive for the ‘Small Business’ Category

July 26, 2019

Gusto Snags $200M Round, Tops 100K Customers

SMB SaaS player Gusto has snagged another $200 million in VC funding, with a pre-money valuation of $3.6 billion. Having now raised more than half a billion dollars, Gusto is positioned to reap considerable benefits from attacking the payroll and benefits processing market controlled by the quasi-duopoly ADP and Paychex, which have a combined market…

Contributed by: Neal Polachek

July 24, 2019

$17 Billion in Capital Flows into SMB Software Companies in Q2

SurePath Capital Partners’ “State of SMB Software” report is always a treasure trove of insights. The Q2 report came out this week, and it includes some revealing nuggets about where investors believe the biggest opportunities exist within the diverse and expansive small-business SaaS industry. According to the report, $17 billion in deal proceeds flowed to…

Contributed by: Charles Laughlin

July 23, 2019

Are Millennials Buying Your Product, or Your Values?

As some of you know, I spend part of my time traveling around the country speaking to business owners – of varying shapes and sizes – about how they should ThinkLikeAnApp. This article contends millennials are buying a company’s values – not their products per se. The article written by a woman journalist and marketing…

Contributed by: Neal Polachek

July 23, 2019

A Closer Look at Home Services in Light of Thumbtack’s Big Raise

As a follow up to our post yesterday on Thumbtack’s $150 million round led by Sequoia Captial, I decided to dig around more on the two companies that I believe Thumbtack sits in between in the market — HomeAdvisor at the higher end and Taskrabbit at the lower end. I listened to the latest HomeAdvisor…

Contributed by: Neal Polachek

July 22, 2019

Thumbtack’s Latest Haul Shows $1.7B Valuation

Thumbtack, a company we’ve watched for some time, just announced a $150 million raise, which places its valuation at $1.7 billion. Backed by one of the Valley’s premier VCs – Sequoia Capital – Thumbtack has now raised upwards of $500 million since launching in 2008. Yes, I took a second look, it was 2008. Way…

Contributed by: Neal Polachek

July 22, 2019

Mono Solutions Declares “Perfect Fit” with Acquirer Bauer Media Group

Mono Solutions, the Copenhagen-based site builder and SMB SaaS platform, has been acquired by Hamburg-based Bauer Media Group in a deal that Mono CEO Louise Lachman says will help the company accelerate its product strategy. She adds that the post-acquisition Mono will operate in much the same manner as before, with the existing brand and…

Contributed by: Charles Laughlin

July 17, 2019

Vendasta VC Round Shows Investors Love Scalable SMB Solutions

Vendasta’s C$40 million VC round this week places the SMB SaaS platform company among the elites in its home base of Saskatoon. No Saskatchewan based tech company has ever raised that much money. What’s more interesting to us about the deal is what it says about what investors are looking for when they pour money…

Contributed by: Charles Laughlin

July 17, 2019

Consumers Not As Tech-Focused As Local Restaurants Believe: Survey

Restaurant point of sale provider Toast is out with a new “Restaurant Success Report” about the state of the local restaurant industry. The report focuses on a wide array of topics: technology adoption, marketing, menu planning, hiring and other subjects. The data come from multiple surveys of restaurant owners and consumers between June 2018 and…

Contributed by: Greg Sterling

July 16, 2019

Amazon Promotes SMB E-commerce Success on Prime Day

Amazon put out a mid-Prime Day press release touting, among other things, the success of small businesses (SMBs) on its platform. The company has in the past few years increasingly sought to present itself as a primary channel for SMB e-commerce. According to the release, “Worldwide sellers – predominantly small and medium-sized businesses – saw…

Contributed by: Greg Sterling

July 16, 2019

Study: 84% of GMB Search Is Category Based, Only 16% Direct

What does an analysis of 45,000 GMB listings tell us? BrightLocal just released a study that analyzed that number of Google My Business (GMB) listings from the US, UK, Canada and Australia in 36 industries. Most of the listings are associated with small businesses rather than franchises, presumably. Here are the top-level findings in the…

Contributed by: Greg Sterling

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