NEW: GitLab Inc. & Zapier, two large fully remote companies, get a
multibillion-dollar valuation after secondary sale of shares!
- Sequoia Capital finally found a way into Zapier by purchasing shares in the
secondary market raising its valuation to >$4bn.
- GitLab's secondary sale of shares pushed its valuation to $6bn, up by >$3bn in
18 months. It is also eyeing an IPO soon.
This demonstrates:
- Positive sentiment that remote work indeed works at scale.
- No apprehension around investing in fully remote companies as was the case few
year back. Darren was telling me that GitLab's early investors were skeptical
whether all-remote would scale.
- Everyone wants a piece of the pie in all-remote, tech companies which are
probably the hottest deals right now.
multibillion-dollar valuation after secondary sale of shares!
- Sequoia Capital finally found a way into Zapier by purchasing shares in the
secondary market raising its valuation to >$4bn.
- GitLab's secondary sale of shares pushed its valuation to $6bn, up by >$3bn in
18 months. It is also eyeing an IPO soon.
This demonstrates:
- Positive sentiment that remote work indeed works at scale.
- No apprehension around investing in fully remote companies as was the case few
year back. Darren was telling me that GitLab's early investors were skeptical
whether all-remote would scale.
- Everyone wants a piece of the pie in all-remote, tech companies which are
probably the hottest deals right now.