Itai Lahan is adamant that ambitious entrepreneurs should certainly fill their coffers with venture capitalists’ money if they get the chance. “The only consistent way to get to be a billion-dollar company is to go the VC route,” the Cloudinary CEO declares. “That, hands down, will always win.”
In a classic case of “do as I say, not as I do,” though, Lahan has repeatedly turned down venture funding since launching Cloudinary in 2012. Instead, he and his fellow Israeli cofounders, Nadav Soferman and Tal Lev-Ami, have bootstrapped their Santa Clara, California–based startup to near unicorn status. The company makes software that helps the CIOs of almost 7,500 customers, including household names like Nike, Peloton and Neiman Marcus, manage their online marketing content—think videos, logos and product photographs. Revenue grew by some 40% last year, to around $70 million, and the company is worth at least $900 million. Cloudinary has appeared on the Forbes Cloud 100 list each of the last three years.
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The Giant Awakens
HERY GUNARDI LEADS BANK SYARIAH INDONESIA TO TAKE ON THE GLOBAL ISLAMIC BANKING INDUSTRY.
Everwhite aims to provide high quality yet affordable skin care product, making it accessible to all.
THIS YEAR, renowned Swiss luxury watchmaker, Rolex presented its new-generation Oyster Perpetual Explorer. The legendary timepiece now comes in a 36 mm case, a return to the size of the original model launched in 1953 following the first ascent to the summit of Mount Everest by Sir Edmund Hillary and Tenzing Norgay on 29 May that year.
The Gold Keeper
DCI leads the data center market vital to carry Indonesia’s digital economy
Emerging Signs of Inflationary Risks Driving Gold's Rally
In February’s issue, I highlighted that one of the big drivers for gold this year could be the fear of returning inflation in global economies which have been used to low inflation, low-interest-rate period of extended stability. Since then, signs of increasing inflationary pressures have emerged including in April’s reported increase in US non-farm payroll earnings and that the same month’s inflation measure reached 4.2% on an annualized basis.
Staying the Course
After a tough year at his property-focused private equity firm, Gaw Capital, GOODWIN GAW is keeping his powder dry for deals in the year ahead.
Forbes 30 UNDER 30 ASIA 2021
As Asia sees the light at the end of the Covid-19 tunnel, activists, entrepreneurs, scientists and young leaders on the Forbes 30 Under 30 Asia 2021 list are hard at work realizing the new normal. After the toughest year in their generation, these 300 Millennials and Gen Zs have persevered to survive and even thrive despite long lockdowns, restricted travel and uncertainties on all fronts. Most continued to grow their businesses and adapt to the changes brought about by the pandemic, while a few have even dared to start their ventures in the middle of crisis, spotting opportunities where others see obstacles. Selected from over 2,500 nominations and vetted by our team of reporters and a panel of A-list judges, these trailblazers are unparalleled examples of determination, hard work and innovation.
CUTTING THE CORD
HORST AND STEPHAN PUDWILL are growing Techtronic Industries to take on the global giants of the power tools industry with a relentless focus on cordless innovation.
DEAN SOLON built a multibillion-dollar fortune in solar energy by manufacturing precisely the sort of commodity gear that can be made more cheaply in China. His secret: higher prices for higher quality.
From its clear aligners, Rata takes the lead in improving dental health awareness in Indonesia.