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From Unicorn to Unicorpse: Ad-Supported Media Businesses Are Not Viable Anymore
Since being founded in 2003, Mode Media, formerly known as Glam Media, had been trying to run a content-based business model that could be scaled while being profitable and relevant. After thirteen years of trying, the company finally gave up this month and abruptly shut down shop. The incident is yet another datapoint in the
Adobe Creative Cloud Continues to Grow
According to analysts, the global digital media and the total addressable market for the Adobe Creative Cloud system is projected to grow to around $21 billion to $48 billion by 2018. Adobe (Nasdaq: ADBE) continues to expand its offerings within the segment and is thus delivering strong financial results each quarter. It recently announced its third
2016 IPO Prospects: Apptio Files Despite Reduced Valuation and Mounting Losses
A recent report by MarketsandMarkets on the global cloud-based IT Service Management (ITSM) market projects the industry to grow 15% annually over the next five years to be worth $8.78 billion in 2021 from $4.41 billion in 2016. It is dominated by big vendors including IBM, CA Technologies, BMC Software, Microsoft, and HP. But, Bellevue,
2016 IPO Prospects: Selfie App Meitu Files to List on HKSE
According to an iResearch report, China’s photo app market user base is expected to grow from 226.7 million average Monthly Active Users (MAUs) in 2015 to 714.6 million by the year 2020. The report also reveals that as of June this year, nearly 71% of social network users in China shared at least one photo
Oracle Might Increase Its Offer for NetSuite
For the past couple of years, cloud has dominated Oracle’s strategy. In July, it announced its plans to acquire NetSuite for $9.3 billion, which underlines this focus. This would be one of its larger multi-billion deals with only the $10.4 billion acquisition of PeopleSoft in 2004 beating it. However, the deal has hit some hurdles
Billion Dollar Unicorns: Zeta Interactive Counts on Inorganic Growth
According to an IDC report published last year, the global marketing technology (MarTech) industry is estimated to grow 12% annually to $32.4 billion by 2018. More recent trends also suggest a growing interest in MarTech industry, away from the AdTech industry, due to its more sustainable business model. A few years ago, I spoke with
Billion Dollar Unicorns: Aiwujiwu Rides High on Chinese Real Estate Sector
The residential real estate market is a high growth industry in China. According to an Ibisworld report, the industry grew 9% annually over the last five years to be worth $949 billion in 2015. The industry is also not immune to the advancement of Internet in the country. There is an increasing presence of an
Billion Dollar Unicorns: Quanergy Rides Into the Club
Self-driving seems to be the hot, new sector for funding. General Motors this year bought autonomous-driving startup Cruise Automation for $1 billion while other leading automakers like Mercedes, BMW, and Tesla are also making large investments in this sector. Self-Driving car startup Zoox raised $200 million this year at a billion dollar valuation. And now, all this