Panel gives IPO advice at MIT Enterprise Forum
Regional entrepreneurs packed the latest MIT Enterprise Forum of the Coast on March 16 to hear advice about initial public offerings. Lise Buyer, principal of Portola Valley-based Class V Group, served as the keynote speaker. Also on the panel were AppFolio Chief Financial Officer Ida Kane, Inogen CFO Ali Bauerlein and Rincon Venture Partners Managing Read More →
Tri-county entrepreneurs say tech bubble building
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AppFolio revenue up in 2015 but so were losses
AppFolio had another strong year but losses nearly doubled as the company expanded in 2015. Goleta-based AppFolio, which makes property management software for small- to medium-sized businesses, released fourth quarter earnings and 2015 earnings results after markets closed Feb. 22. Yearly revenue increased 57 percent in 2015 to about $75 million. Fourth quarter revenues also Read More →
Here’s how to navigate stock market meltdown
Markets are quirky things. They sail along for a while and then wham, turbulence arrives. Twice in the past six months we’ve seen two market meltdowns — the latest put the U.S. indices deep into correction territory. My own takeaway is that we are not in the middle of a full-blown financial crisis; there’s been Read More →
AppFolio, MindBody must become profitable
AppFolio and MindBody went through growing pains in 2015, spending more money than they earned. Now, 2016 needs to be the year of profitability. On one hand, AppFolio and MindBody successfully transitioned from promising young startups into growing young companies in 2015. As we head into 2016, though, both companies have yet to answer how Read More →
AppFolio reports strong revenue for third quarter
AppFolio founder and chief strategist Klaus Schauser Santa Barbara-based cloud computing firm AppFolio said revenue jumped 56 percent to $20.3 million for the third quarter as losses grew to $4.8 million. The company, which specializes in providing business-to-business cloud services, said that it had increased both law firm and property management Read More →
Appfolio expanding in Goleta
Appfolio is expanding in Goleta. Appfolio will lease an additional 7,855 square feet of space at its office at 50 Castilian Drive in Goleta, according to documents filed with the Securities and Exchange Commission on Oct. 14. The new space will increase the amount of space Appfolio leases from Nassau Land Company to 26,490 square Read More →
