Traction Watch

Traction Watch: Etsy’s $2 Billion Marketplace

By Erick Schonfeld

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Etsy growth chart

Yesterday, Etsy filed for an IPO. I took a look at the filing to get a sense of its growth metrics, which you can see in the accompanying Traction charts. Etsy is a marketplace that started out for crafts, but keeps expanding to makers of all sorts. Gross merchandise sales (the value of all goods sold on Etsy) reached almost $2 billion last year, and grew 43 percent from 2013. While Etsy’s own revenues (the portion it takes for itself) are only 10 percent of the total gross merchandise sales, they are growing at a faster clip—up 56 percent from 2013.

Mobile, Startups, Traction Watch

Are Robotics Startups Gaining Traction? Affirmative

By James A. Martin

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Robotics Funding bar chart

Like everyone else today, robots are following the VC dollars. And while many funding rounds are aimed at the usual industrial automation, money is also flowing to startups developing more human-friendly robots.

In 2014, VCs invested $341.3 million in robotics startups, up 36 percent from 2013, according to Silicon Valley-based robotics blogger Travis Deyle, who compiles an annual list of robotics funding rounds. (And the pace seems to be keeping up in 2015 as well, with 3D Robotics’ $50 million funding round announced just last week and Rethink Robotics raising $26.6 million in January).

Where is all this money going? Let’s break it down.

Startups, Traction Watch

Grovo’s Incredible Growth

By John Brandon

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Grovo Traction chart

    Editor’s note: Traction Watch is a new column focused obsessively on growth, and is a companion to the DEMO Traction conference series, which brings together high-growth startups with high-potential customers. Companies can apply here to showcase, or those similarly obsessed can register here to attend.   With a name like Grovo, you’d expect some serious growth numbers. The micro-training platform uses 60-second […]

DEMO, Great Products, Startups

What Traction Looks Like, According To Slack

By Erick Schonfeld

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SlackTractionDEMO

What does Traction look like? Slack CEO Stewart Butterfield showed us last November at DEMO Fall, where he shared some slides on Slack’s incredible growth. Slack is a communications tool for teams with more than 300,000 active users. It is growing so fast that it was able to raise $120 million from Google Ventures, Kleiner Perkins, […]

Conferences, DEMO

DEMO Traction: The Growth Conference (Apply Now!)

By Erick Schonfeld

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DEMO Traction logo

If you are a startup founder, your one job above all others is to gain traction—to grow and to keep on growing. Traction is the currency of Silicon Valley. It is what attracts investors, employees, and most importantly, customers. This is especially true for the enterprise. That is why we are launching a brand new conference […]

Conferences, DEMO, Startups

Watch The Fall 2014 DEMO Gods

By Erick Schonfeld

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DEMOGodsFall2014

We had a spectacular DEMO Fall the week before Thanksgiving, with one of our strongest classes of demonstrators in recent years. Out of the nearly 40 launching products, five were named this year’s DEMO Gods: Curb, Celect, Ghostery, PathSense, Student Loan Benefits. DEMO Gods are chosen based on the quality of their demo, product, and the opportunity before them. You can […]

DEMO, Enterprise, Innovators

Ask SAP: Supporting Startups & Their Innovation Journeys

By Neal Silverman

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Unknown

By Emily Breslin Like a lot of its enterprise peers, SAP is focused on an innovation-centric development agenda that is critical for its short and long-term success. Unlike a lot of its peers, however, SAP truly does walk the talk when it comes to supporting the innovation journeys of startups that choose to build applications […]

Conferences, DEMO

Why You Need To Be At DEMO Fall 2014

By Erick Schonfeld

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PhotoStrip_DEMO

If you care about the future of technology, if you want to see new products solving hard problems, if you want to meet the founders behind tomorrow’s great companies, then you will want to come to DEMO Fall 2014. It’s next week, November 18-20, in San Jose (register to attend). We will be taking over the […]

Conferences, DEMO, Enterprise

Ask SAP: Secrets of Enterprise Success and On Not Being An Old Lion

By Neal Silverman

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Operators in power station control room

In the mid 1800’s Alfred Tennyson wrote “the old order changeth yielding place to new…..Lest one good custom should corrupt the world”. He may as well have been talking about the dynamics of competitive marketplaces! When it comes to competing and winning in the open market, large companies clearly have the home court advantage. With […]

Conferences, DEMO, Enterprise, Innovators, Startups

Ask SAP: Growing Beyond the First Customer

By Neal Silverman

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lean methodology[1]

Startups typically experience early growth as a result of viral campaigns, PR efforts and initial hype but later on face the challenge of converting the initial buildup into long-term, sustainable growth. As buzz dies down, startup founders find themselves thrown into conversations including market fit, pivoting, greenfield markets, and industry specific jargon. The question becomes […]

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