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Stock impact report

Exclusive: Headline raises $865 million and hires new head of growth [Fortune]

AppFolio, Inc. - Class A (APPF) 
Last appfolio, inc. - class a earnings: 3/2 04:10 pm Check Earnings Report
Company Research Source: Fortune
“We came out to California to scratch an itch, a personal itch,” Gieselmann tells me more than 25 years later. “We wanted to learn about this venture capital thing, which apparently involved providing capital to young people who didn't have assets or co-signers. You just give them money for some share of a company!” Gieselmann deadpans this before breaking into chuckles, getting at one of my favorite things about venture capital—that stripped down to the most basic terms, VC is a wacky proposition. But is it any wackier than chasing an idea across the world? Schilling and Gieselmann at the time were in their 20s and had met working at AOL in Cologne, Germany. When the two Kumpel touched down and explored Sand Hill Road in the 1990s, they found it wasn't what they had imagined—both aesthetically dour and increasingly crowded. So, they started to ask: Well, where else could we set up shop? “We flew to Santa Barbara, and you kind of land, and it looks like the movie Casablanca ,” sa Show less Read more
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