PagerDuty's IPO values it at $1.8 billion and means success for employees and investors. But at Y Combinator, its success was far from obvious.
in a private funding round led by later-stage experts T. Rowe Price and Wellington Management. PagerDuty also represents the second-ever public offering for startup accelerator Y Combinator; Dropbox was the first.
But long before Tejada ran the company, PagerDuty wasn’t expected to be a startup that would be inducing venture capitalist victory laps.
PagerDuty’s founders were engineers, something Silicon Valley, and Y Combinator in particular, highly valued. But whereas some past founders, like Apoorva Mehta, CEO of grocery delivery service Instacart, stood out within their class as dynamic leaders, PagerDuty remained in the background. Rather than talk about disrupting billion-dollar markets in office hours, PagerDuty asked about human resources systems and tips for motivating employees.
“Thrilled for @pagerduty. Not thrilled to look back at the emails where I passed on the company’s seed round because the $5 million valuation was too high. Whoops,” wrote former
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