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ACTIVE Network Signs Up Two YMCAs

socalTECH

San Diego-based sports activity registration and software provider ACTIVE Network reported two wins today at YMCA centers. ACTIVE Network said it has signed up the YMCA of the North Shore in Massachusetts and YMCA of the Brandywine Valley in Pennsylvania as customers for the company''s ACTIVE Net cloud platform. READ MORE>>.

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

Gross Burn vs. Net Burn. Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Net burn is the amount of money you are losing per month. I often see companies burning $100,000 per month (net) looking to raise $6-8 million.

Startup 383
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ServiceNow Files For IPO

socalTECH

The firm reported a net loss of $6.6M The firm's IPO is being underwritten by Morgan Stanley, Citigroup, Deutsche Bank Securities, Barclays, Credit SUisse, UBS Investment Bank, Pacific Crest Securities, and Wells Fargo Securities. ServiceNow is venture backed by JMI Equity and Sequoia Capital. READ MORE>>.

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Startup Pricing: Are You Selling A Giffen Product?

InfoChachkie

At Citrix, GoToAssist customers would occasionally ask if they could just pay for our screen-sharing functionality because they didn''t intend to use the product''s other features, such as reporting and session recording. Anecdotally, it seems that SaaS products often behave as Giffen goods. > The Customer Is Not Always King.

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Playing the Long Game in Venture Capital

Both Sides of the Table

Today they announced that they acquired a large competitor in their space for what is reported to be a $100 million transaction. Our goal is to produce a $10 billion+ winner and remain the market leader in this SaaS category of AI in Sales & Marketing. The abundance of late-stage capital is good for us all.