Showing posts with label Blue Buffalo Pet Products. Show all posts
Showing posts with label Blue Buffalo Pet Products. Show all posts

Friday, August 7, 2015

That 'Useless' Liberal Arts Degree Has Become Tech's Hottest Ticket

Slack CEO Stewart Butterfield (Photo credit: Carlo Ricci for Forbes)

In less than two years Slack Technologies has become one of the most glistening of tech’s ten-digit “unicorn” startups, boasting 1.1 million users and a private market valuation of $2.8 billion. If you’ve used Slack’s team-based messaging software, you know that one of its catchiest innovations is Slackbot, a helpful little avatar that pops up periodically to provide tips so jaunty that it seems human.
Such creativity can’t be programmed. Instead, much of it is minted by one of Slack’s 180 employees, Anna Pickard, the 38-year-old editorial director. She earned a theater degree from Britain’s Manchester Metropolitan University before discovering that she hated the constant snubs of auditions that didn’t work out. After dabbling in blogging, videogame writing and cat impersonations, she found her way into tech, where she cooks up zany replies to users who type in “I love you, Slackbot.” It’s her mission, Pickard explains, “to provide users with extra bits of surprise and delight.” The pay is good; the stock options, even better.
What kind of boss hires a thwarted actress for a business-to-business software startup? Stewart Butterfield, Slack’s 42-year-old cofounder and CEO, whose estimated double-digit stake in the company could be worth $300 million or more. He’s the proud holder of an undergraduate degree in philosophy from Canada’s University of Victoria and a master’s degree from Cambridge in philosophy and the history of science.
“Studying philosophy taught me two things,” says Butterfield, sitting in his office in San Francisco’s South of Market district, a neighborhood almost entirely dedicated to the cult of coding. “I learned how to write really clearly. I learned how to follow an argument all the way down, which is invaluable in running meetings. And when I studied the history of science, I learned about the ways that everyone believes something is true–like the old notion of some kind of ether in the air propagating gravitational forces–until they realized that it wasn’t true.”
Such nuances elude policymakers, who can’t shake the notion that tech-centered instruction is the only sure ticket to success. President Barack Obama has repeatedly called for more spending on tech-focused high schools. In a February interview with the Re/code website, he hailed computer-programming classes as “a huge priority,” adding: “It can’t just be a handful of kids. It’s got to be everybody.”
In fact, people without a tech degree may already be benefiting the most from tech’s boom . Some fascinating insights can be found on LinkedIn, which tracks graduates of specific universities as they move into the workforce. Say hello to the 62,887 LinkedIn members who attended Northwestern University in the past decade. Now zoom in on the 3,426 who have moved to the San Francisco Bay Area, one of the most popular destinations outside the Midwest, as they chase the Silicon Valley dream. Smart call: The Wildcats’ top corporate employers include Google, Apple, Facebook, Genentech and LinkedIn.
Surprisingly, only 30% of these migrants ended up in engineering, research or information technology. As LinkedIn data show, most of the migrants have created nontechnical career paths in Silicon Valley. The list starts with sales and marketing (14%) and goes on to include education (6%), consulting (5%), business development (5%) and a host of other specialties ranging from product management to real estate. Add up the jobs held by people who majored in psychology, history, gender studies and the like, and they quickly surpass the totals for engineering and computer science.
Run the numbers on recent graduates of Boston University, the University of Texas at Austin or any of the University of California campuses, and the hiring pattern in Silicon Valley is seen to be broadly similar. A case in point is Rachel Lee, who graduated from UC, Berkeley with a communications degree in 2011; now she’s an account manager at Slack. She’s been at the company for barely a month but she’s already helped a construction company assimilate Slack’s software to keep track of things as varied as plaster shipments and building regulations via employee smartphones. Lee says she’s in awe of her technical colleagues who write Slack’s code. They, in turn, respect her because of her untechnical ability to “connect with end users and figure out what they want.”
In Austin Suzy Elizondo can see tech’s new power structure every time she looks around the room during customer meetings. She has been working for five years at Phunware, which develops mobile applications for a wide variety of customers, including AT&T, the Houston airport and celebrity astrologers. When she joined the company as a design specialist after earning an advertising degree from UT Austin, she was the odd one out. Most meetings were packed with software engineers.

Suzy Elizondo (Photo credit Darren Carroll For Forbes)
Now nontechnical people from clients and from her own company often occupy at least half the seats. The reason: Software development keeps getting more automated. The rise of content libraries and plug-in modules means that mobile apps can be built much faster, with fewer people. But the nontechnical side–getting everyone to agree on what an app should look like–is more labor-intensive than ever. That means endless meetings and revisions for Elizondo, who’s now a creative director overseeing a seven-person department.
Mobile technology doesn’t only make life more convenient, observes Robert Tabb, a Phunware salesman who visits medical centers all year. Putting easy-to-use information on everyone’s smartphone also redefines a lot of people’s jobs. And that means lots of intense conversations about how big organizations should reconfigure themselves to handle these dislocations. Tabb sees this upheaval in action every time he approaches hospitals about installing mobile apps that guide patients toward their appointments, even if it’s not obvious which corridors lead from the lobby to Room C-713.

Tuesday, July 21, 2015

Blue Buffalo Leads 4 New Stocks to Watch This Week

After a big week, it looks like the IPO market is slowing down ahead of the summer doldrums

The summer is often fairly light for initial public offerings, but things are different this time around. The market for new stocks remains robust, as seven companies pulled off IPOs last week.
blue buffalo buff stock 185 Blue Buffalo Leads 4 New Stocks to Watch This WeekAnd, at an average of about 25%, the returns were solid. The cybersecurity operator Rapid7 (RPD), for instance, saw its deal soar 58%, and ProNAi Therapeutics (DNAI), a developer of cancer drugs, posted a sizzling 81% return. In fact, there was only one bad deal among last week’s new stocks: Ooma (OOMA), a provider of cloud-based communications services, plunged a grueling 16%.
Still, we’ve got four new stocks to watch for this week. Here’s a look at each:As for the upcoming week, do not expect as many fireworks. The market for new stocks will mostly come to an end within a couple weeks, as it typically does every year in late summer.

New Stocks to Watch: Blue Buffalo Pet Products (BUFF)

Expected Offering Date: Wednesday
Blue Buffalo Pet Products sells pet food that has quality ingredients, such as whole meats, fruits and vegetables (the founders named the company after their family dog, Blue, which succumbed to cancer at an early age). And growth has been particularly strong. From 2010 to 2014, revenues soared from $190 million to $918 million, representing a compound annual rate of 48%. During this period, operating income went from $15 million to $179 million.
Yet the company is still in the early stages; after all, the size of the U.S. pet food market is about $26 billion.
Blue Buffalo expects to sell 29.5 million shares on the Nasdaq at a price range of $16 to $18. Lead underwriters include JPMorgan Chase (JPM), Citigroup (C), Barclays (BCS), Deutsche Bank (DB) and Morgan Stanley (MS).

New Stocks to Watch: Neos Therapeutics (NEOS)

Expected Offering Date: Thursday
Image result for Neos TherapeuticsNeos Therapeutics is a biotech company that has developed a proprietary modified-release drug delivery technology platform. So far, the company has used this to develop three branded product candidates to treat attention deficit hyperactivity disorder. The drugs are extended-release medications that use orally disintegrating tablets. What’s more, they have all gone through Phase III trials.
And the market opportunity is about $10.7 billion.
Neos Therapeutics plans to offer 4 million shares on the Nasdaq at a range of $14 to $16. Lead underwriters include UBS Investment Bank (UBS), BMO Capital Markets (BMO) and RBC Capital Markets (RY).

New Stocks to Watch: ETRE REIT (ESSF)

Expected Offering Date: Thursday
ETRE REIT is focused on the purchase and management of commercial real estate properties. Right now, ETRE’s main asset is downtown Boston’s State Street Financial Center building, a 36-story office tower estimated at about $1.11 billion.
The Boston market has been pretty strong from recent data. According to a report from REIS, Boston’s unemployment rate is currently below 4% as its workforce continues growing. Interestingly enough, the city is the home to the largest proportion of young adults (ages 20 to 34) for any major U.S. city.
ETRE expects to sell 11.5 million shares on the Nasdaq at a price of $15. Lead underwriters includeSandler O’NeillEvercore Partners (EVR) and Nomura Securities.

New Stocks to Watch: Live Oak Bancshares (LOB)

Expected Offering Date: Thursday
Image result for live oak bancshares inc
Live Oak Bancshares is an online platform for lending to small businesses, focusing on short- and medium-term commercial and construction loans that are partially guaranteed by the U.S. Small Business Administration. All in all, the bank has a good track record with its underwriting considering that the default rate is only about 1.52%.
Since 2011, the bank’s assets have grown at a compound annual rate of 29% to $723 million. And as for last year, the new stock grew net interest income by 36% to $15 million.
Live Oak Bancshares expects to sell 4 million shares on the Nasdaq at a range of $16 to $18. Lead underwriters include Sandler O’Neill, Keefe Bruyette Woods and Suntrust Robinson Humphrey(STI).