Ribaudo pointed out that Zhu asks companies for donations and spreads awareness about Babel at conferences and company events. And the issue isn t Zhu s salary, Ribaudo said, but Babel s lack of funds to pay the whole team. This is not Henry s fault, Ribaudo said. The problem wasn t that he was being paid more. The problem was we didn t have enough money to pay core contributors the same amount.
Right now, maintainers Zhu, Ribaudo, and Huáng Jùnliàng make $6,000 a month. This adds up to $72,000 a year to work full time in maintaining a project that thousands of companies rely on which is on the far low end of the average entry-level-developer salary.
TechnologyVAST valuation triples to $3.7 bln after Tiger Global-led investment
Reuters
2 minute read
Software storage company VAST Data said on Tuesday it had tripled its valuation in a year to $3.7 billion after raising $83 million in a funding round led by investment giant Tiger Global Management.
This is the latest in a flurry of funding deals that Tiger has led in recent months, amid sky-high demand for fast-growing tech startups. The investment company has also recently backed cloud firm Redis Labs and e-commerce platform Kajabi.
Squarespace, one of Tiger Global s portfolio companies which was valued at $10 billion in March, is going public through a direct listing later this month.
UPDATE 1-VAST valuation triples to $3.7 bln after Tiger Global-led investment Reuters 5/4/2021
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May 4 (Reuters) - Software storage company VAST Data said on Tuesday it had tripled its valuation in a year to $3.7 billion after raising $83 million in a funding round led by investment giant Tiger Global Management.
This is the latest in a flurry of funding deals that Tiger has led in recent months, amid sky-high demand for fast-growing tech startups. The investment company has also recently backed cloud firm Redis Labs and e-commerce platform Kajabi.
Squarespace, one of Tiger Global s portfolio companies which was valued at $10 billion in March, is going public through a direct listing later this month.
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Looking back at April: Over $2B in funding finds its way to Israeli startups
A new Unicorn, five acquisitions, and one exceptional day of VC funding. This what Israeli startups did in April Oshry Alkeslasi / 3 May 2021 • 4 min read
Following a record-setting month, where 6 Israeli companies joined the Israeli Unicorn club and $2.7 billion in funding found its way to Israeli startups - April continued the trend in full force. Last month 40 different startups raised a combined $2.29 billion.
Is the peak behind us?
You really can’t start dissecting April 2021 performance without noting April 7th - the day where 4 Israeli companies, alone, brought in over $1 billion in funding. Trax, which raised almost a third of the month’s sum, led the pack together with Redis Labs, WhiteSource, and BlueDot - for a total of $1.057 billion. We wanted