But Zuora is betting on a computing trend: that as more applications move to the cloud in coming years, the natural corollary is that developers will follow the money and necessarily move in the same direction.
Even on Facebook.
"There are 140 new applications a day on Facebook because it's so easy and so viral a platform,&… Read more
Zuora, a company that offers an on-demand subscription billing and payment service, announced Tuesday that it has secured $15 million in Series B funding. According to the company, the round was led by Shasta Ventures and Lehman Brothers Venture Partners. Benchmark Capital and Marc Benioff, chairman and CEO of Salesforce.com, also participated.
Zuora's funding round comes amid concerns that venture capitalists aren't as willing to invest cash in start-ups as they were just a few months ago. But as Jason Pressman, managing director at Shasta Ventures points out, maybe that fear is unwarranted.
"Now is the … Read more
The company on Tuesday morning announced Z-Payments, an online payment service for subscription-based businesses. Interestingly, the product will also accept payments from PayPal.
Along with the announcement, PayPal's president, Scott Thompson, has joined Zuora's board of directors.
What with the stock market in a funk and companies acutely concerned about the impact of a slowing economy on their bottom lines, the pitch Tzuo plans to make is that Z-Payments can handle the job of collecting recurring payments more efficiently and at … Read more
Some time back, Marc Benioff had this crazy idea he was trying to sell about turning software into a service. After the collapse of so many application service providers during the Internet bubble, who was this guy kidding?
As it turned out, Benioff's only mistake was that his idea was slightly ahead of its time. Salesforce.com went on to become one of the most successful software companies of the decade.
So it is that I've become intrigued about the prospects for a start-up called Zuora that's taking a page out of the Salesforce playbook. Coincidentally, it … Read more
The number of Web 2.0 start-ups I see with undeveloped business models is frightening. "We'll figure it out later" might work if you're talking about a product line expansion strategy, but revenue? I maintain that if you're truly innovating in technology and have a product in beta, you might want to apply the same discipline to your revenue model and start beta testing it as well. Once you have a million users, it's a bit late to start thinking about your business plan.
So Zuora, with its new Z-Billing offering, is at once … Read more
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