Insta-unicorn Domo CMO on growth, martech, big data, and radical simplicity

Domo blasted like a thunderbolt onto the startup and marketing technology scenes last month, seemingly out of nowhere, rocketing from zero to hero with a multi-billion-dollar valuation, impressive reference clients like the NFL, NBC, eBay, and National Geographic, and a massive $200 million fourth round of funding. Of course, no instant success story is really instant. Domo CMO Heather Zynczak will be speaking at our upcoming CMO-only GrowthBeat Summit. I caught up with her this week to talk about Domo’s business, its value proposition, and what she’s got to say to the world’s top marketers next month. ...

What Does it Take to Get to a Billion Dollars?

There’s a term that’s becoming commonplace in the business community. The term is “unicorn” and it’s used to describe startups that are still privately held and are valued at over a billion dollars. Now, this doesn’t mean they have a billion dollars in revenue, or that anyone is willing to pay one billion dollars for them today. This is strictly reserved for the valuation that venture capitalists have given them for the purposes of investments. So, let’s examine a few of these unicorns and identify some of the factors that contributed to their sky-high valuations.... Domo I can literally see...

4 Entrepreneurs Behind Billion-Dollar Companies Share Their Secrets to Success

The other day, I had the opportunity to attend an event where four founders of billion-dollar companies were speaking in a round-table format discussion.... Josh James is the founder of Domo, a business intelligence software company based in American Fork, Utah, which recently raised a $200 million round valuing the company at $2 billion.... The discussion was centered on their journeys as entrepreneurs, what they’d learned, and the advice they’d give aspiring entrepreneurs. Impressed with their casual demeanors, stellar presentations and informative advice, I thought I’d share with you some of the insights that were gained from these successful entrepreneurs....

Managing the Deluge of Data

It's no secret that the amount of data out there is growing exponentially. A joint study conducted by the research group IDC finds that the digital universe will grow 40% per year for the next decade. Or, to put it another way, it more than doubles every two years. But forget the next decade. How about the next minute? A report by business intelligence firm Domo turns up some eye-opening results - every minute 204 million emails are sent, Google receives over 4 million search queries, Facebook users share 246 million pieces of content, and 277,000 tweets are sent. ...

Here’s which states are most innovative in America

After months of accounting and analysis, 10 states stand out as Innovation Champions – those top performers at the forefront of innovation and friendly business practices in America. The results may surprise you. ... On the other hand, favorable employment laws, tax-friendly policies and strong business sustainability practices earned states such as Utah the top-tier Innovation Champion title. A competitive tax system lets businesses keep more of the money they make, drives job creation and boosts investment in research and development. Utah’s low-tax system has earned the state a new nickname: “Silicon Slopes.” Start-ups that call Utah home include Vivint,...

Domo emerges from stealth with $200m funding, $2bn valuation

Business management platform Domo has emerged from stealth with a $200 million Series D financing round, at a valuation of $2 billion. The round was led by BlackRock, with participation from Capital Group, Glynn Capital Management and previous investor GGV Capital. The company has now publicly unveiled its cloud-based platform, after raising more than $450 million to date. “No one has been able to make BI work, especially that last mile of making data directly available to the business user,” said Josh James, Domo founder and CEO. ...

Domo raises $200m Series D, obtains unicorn status with $2b valuation

Business Intelligence startup Domo Inc. has raised $200 million Series D in a round led by BlackRock that also included Capital Group, Glynn Capital and GGV Capital. Founded by former Omniture CEO Josh James in 2010, the company has remarkably been in stealth mode until this week, despite having 1,000 clients and making over $100 million a year; clients were forced to sign non-disclosure agreements to even see a demonstration of Domo’s offering. ...

Will Enterprises Come to the Domo BI Party? #Domopalooza

The former Omniture chief who sold his company to Adobe for $1.8 billion brought his new organization out of stealth mode this week. He claims American Fork, Utah-based Domo offers the "world's first business management platform." Josh James said Domo will help companies get "meaningful value from business data" and collaborate better. The move comes less than six years after James sold Omniture. ...

Secret Magical Startup Emerges Into Universe Worth Billions

Sometimes Silicon Valley is just too much. Today is one of those times. After four years of silent running, Utah-based data management startup Domo is coming out of nowhere with a $2 billion valuation, based on its $100 million revenue run rate. Today, Domo announces the official launch of its product and the news of a $200 million Series D round of financing led by BlackRock — bringing it up to $450 million in total funding, and making it the latest member of the so-called Unicorn Club of startups valued at over $1 billion. ...

A startup swore 1,000 customers to secrecy so it could come out of nowhere at a $2 billion valuation

After four years of silent running, Utah-based data management startup Domo is coming out of nowhere with a $2 billion valuation, based on its $100 million revenue run rate. Today, Domo announces the official launch of its product and the news of a $200 million Series D round of financing led by BlackRock — bringing it up to $450 million in total funding, and making it the latest member of the so-called Unicorn Club of startups valued at over $1 billion. And the founder thinks that valuation is cheap: "I think our investors got the deal of the century," says...
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