Over the past decade, online clothing sales have ballooned and Nasty Gal and its founder Sophia Amoruso had managed to build a big brand and fan following among millennials. However, the company filed for chapter 11 bankruptcy in November 2016. >>>
According to a recent report published by online real estate firm Zillow, the new year 2017 is expected to set a new stage of the post-recession housing recovery with deceleration expected in home price growth. However, Zillow expects more millennials to become homeowners, thus driving home ownership rates in 2017. Billion Dollar Unicorn club member Opendoor Labs is helping to simplify the process of home ownership in the country. >>>
Uber has become the poster child of the sharing economy. But according to VBProfiles, the sharing economy has received $15 billion in funding, giving rise to several unicorns. Private jet booking app JetSmarter is the latest to fly into the Billion Dollar Unicorn Club. >>>
According to a report from CBInsights, funding in construction tech has grown over five times from 2010 to $254 million in 2015. There are over 30 startups in this space, leveraging mobile and the cloud to facilitate construction design, team collaboration, and project site management. Procore is one such construction tech startup that has just joined the Billion Dollar Unicorn Club. >>>
Oracle has spent more than $10 billion this year on nine acquisitions this year. More than five of them, including the $9.3 billion acquisition of NetSuite, are focused on its cloud strategy. In its recent quarter, it reported a stellar quarter for its cloud business, which for the first time surpassed the $1 billion milestone. >>>
The enterprise software market has seen several acquisitions this year, from Salesforce, SAP, and Oracle. Here are three acquisition recommendations that we could expect in 2017. >>>
According to Technavio, the global digital marketing spending is estimated to grow 9% annually over the next four years. Adobe (Nasdaq: ADBE) is counting on this growth trend as it continues to expand its digital footprint in the market.
Recently listed Nutanix (NASDAQ: NTNX) announced its first quarterly results after it went public in October this year. The results surpassed market expectations, but did little to improve the stock’s performance.