Lots of happy people as Palantir and Asana spike on first day of trading

The markets are closed and the verdicts are in: investors liked what they saw in Palantir and Asana . The two companies, which debuted this morning in dual (and duel) direct listings, continued to prove that enterprise tech companies without the brand recognition of Spotify (which conducted its own direct listing back in 2018) can […]

Dustin Moskovitz discusses Asana’s first trading day

It’s a big day for Asana, the work management tool that debuted on the NYSE this morning in a direct listing. Founded back in 2009 by Dustin Moskovitz and Justin Rosenstein, the company has assiduously grown over the years, taking in about $213 million in venture capital the past decade and reaching almost $100 million […]

Asana up 37% and Palantir up 50% as both direct listings hit the public markets

Two direct listings in one day. Lots to talk about. Asana started trading just a bit after noon Eastern today, quickly zooming to roughly about $29 a share in early trading this afternoon. Meanwhile, Palantir is running like a herd of bulls straight out of the gate, jumping to almost $11 a share in the […]

As losses expand, Asana is confident it has the ticket for a successful public listing

Asana, the project management software developer, dropped its filing for a direct listing on one of the busiest days of a surprisingly busy late summer. The task management toolkit provider started by Facebook co-founder Dustin Moskovitz and early FB employee Justin Rosenstein isn’t as well known or as well financed as today’s other big public […]

Asana launches Workload to help prevent burnout

Asana, the work management platform led by Facebook co-founder Dustin Moskovitz, today launched Workload, a new feature for its paying users that aims to help prevent burnout. It does so by making it easier for businesses to fairly distribute work across their teams and, if necessary, redistribute it. “The most productive and happiest teams are […]

ServiceTitan is LA’s least likely contender to be the next billion-dollar startup

The city of Glendale, Calif. seems like an unlikely place to grow one of the next billion-dollar startups in the booming Los Angeles tech ecosystem. Located at the southeastern tip of the San Fernando Valley, the Los Angeles suburb counts its biggest employers as the adhesive manufacturer Avery Dennison; the Los Angeles industrial team for […]

Asana raises $75M Series D led by Al Gore’s Generation Investment Management

Asana, the productivity and collaboration service, is getting a major infusion of cash after Generation Investment Management, a London-based firm backed by former U.S. Vice President Al Gore, led a $75 million investment. Investment Management was joined in this Series D round by existing backers 8VC, Founders Fund, Y Combinator President Sam Altman who also participated […]