Equity Freshworks, Toast go public and we have Takes
Sep 22, 2021
The discussion dives into the recent IPOs of Freshworks and Toast, uncovering their unique market valuations and growth prospects. Freshworks catches the eye for showcasing public investor enthusiasm for software companies. Toast impresses with its financial success, boasting $38 billion in payment volume across thousands of locations. The hosts also reflect on Boston's burgeoning startup scene and its competition with tech hubs like New York and San Francisco. A bright outlook for unicorns emerges amidst the excitement!
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Positive IPO Signal
- Freshworks' IPO signals positive market sentiment for growth-oriented software companies.
- This could encourage more unicorns to go public in the coming months.
Freshworks Valuation
- Freshworks' $250 million top-line revenue in 2020 is impressive, resulting in a 40x valuation.
- This isn't considered overly high in the current market, showcasing investor confidence.
Boston's Toast
- Toast, a Boston-based fintech and software platform, targets restaurants.
- Natasha Mascarenhas notes Boston startups are closely watching Toast's IPO, hoping for a positive outcome.