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Unicorns, IPOs and the next tech giants

Seattle has a new unicorn, Outreach, the sales and marketing automation company that raised a $114 million funding round this week, pushing its valuation to $1.1 billion. The news sends John and Todd on a startup odyssey, exploring the hidden connections among the new wave of public companies and tech behemoths in Silicon Valley and Seattle, including Uber, Lyft, Convoy and others. Plus, Amazon and Microsoft are preparing to challenge Apple's AirPods,. And on the Random Channel, Melinda Gates has a message for the tech industry, and John is determined to be a "Never Throner."

Updated on April 29
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Key Smash Notes In This Episode

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Unicorns are companies that have a valuation of one billion dollars or more.

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Lone Pine Capital is an American hedge fund headquartered in Greenwich, Connecticut. They have invested in Convoy and Outreach, two unicorn startups based out of Seattle region. GeekWire team suspects there is now more money available for investments that ever before, and with the interest rates going up, investing in more risky asset classes, like unicorn startups, is allowing this firm to diversify their portfolio.

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Was it because of Seattle's attempt to regulate ride sharing and scooters, or was it because Uber has a growing engineering presence in Seattle? No. Uber mentioned Seattle in S1 filing because jurisdictions like Seattle are likely to pass minimum wage requirements and to permit drivers to negotiate their wages, which is a huge issue for their business.

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