Tag: bessemer
Bessemer’s Tess Hatch on the evolving aerospace market and COVID-19 adjustments
The aerospace market is evolving quickly and merging with other segments of tech, making it an exciting space for both startups and investors — but the complications of the global pandemic are being felt by both. Bessemer Venture Partners investor Tess Hatch has been helping guide companies in their portfolio…
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Tech shares close down on the day despite roaring start
American equities closed down today, with the major domestic indices all losing ground after a wild trading cycle. After starting the day up sharply higher after strong Monday gains, those gains were erased as the day closed. It was a day of confusing movement; the tech-heavy Nasdaq Composite, to pick…
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Stocks drop as unemployment spikes
Stocks fell in regular trading Friday, as all major American indices fell in the wake of a broadly negative jobs report. With more than 700,000 jobs lost in the March data, unemployment in the United States rose from 3.5% to 4.4%. The markets have been bracing for widespread job losses…
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How to value a startup in a downturn
The value of technology companies has fallen as the broader public markets have repriced themselves in light of COVID-19-related market and economic disruptions. And as the public markets sort out the new value of a huge piece of global business, private companies are being shaken as well. What happens in…
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Stocks fall again, pushing deeper into bear territory as SaaS reaches 1 year lows
American-listed shares are off sharply this morning, falling after a steep selloff yesterday was not staunched by a presidential address. The declines echo what happened to Asian-listed stocks earlier today. All major American indices are now in bear-market territory, having shed the requisite 20% from recent highs. Today’s carnage is…
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Stitch Fix’s sharp decline signals high growth hurdles for tech-enabled startups
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Shares of Stitch Fix, a digitally-enabled “styling service,” are off sharply this morning after its earnings failed to excite public market investors. The firm, worth over $29 per share as…
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