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Bessemer Ventures' Ethan Kurzweil Explains Why He Bet Big On Pagerduty Years Before Its Ipo

by businessinsider.com posted 4months ago 28 views
PagerDuty began trading Thursday morning after an IPO that valued the company at $1.76 billion. One of the company's investors, Bessemer Venture Partner's Ethan Kurzweil, said there was a time when companies like PagerDuty couldn't even get venture funding. Other public Bessemer investments like Shopify and Twilio prove that the public markets understand the DevOps model, he said. Bessemer's stake is now worth $189 million. Andreessen Horowitz, which led PagerDuty's Series A, owns around $283 million in the company and Accel, which led its Series C owns around $189 million. Visit BusinessInsider.com for more stories.

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