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William L Conley
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William Looper Sr , 73, had owned Bill s Tire Shop
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May 11, 2021
Willis “Bill” Skipton, formerly of Laurel, Iowa, and resident of the Urbandale Care Center since 2015, passed away at the age of 93 on Thursday, May 6, 2021. Bill was born August 28, 1927 to Henry and Mabel (Ryan) Skipton in Charles City, Iowa and was raised and educated in Clarion, Iowa. Skip’s father owned a dry-cleaning business and put Skip to work at a young age. It was said that when he was 3 years old, he could press a suit (as long as he had a box to stand on).
Bill was a veteran of WWII and Korea, Joining the Navy right out of high school at 16 and served on several ships as a store keeper. After 2 and a half years, he was discharged but soon re-enlisted and served another 5 years being at a special weapons depot in New Mexico.
Extra Crunch roundup: How Duolingo became an edtech leader
The pandemic has just pushed edtech mainstream, but language-learning startup Duolingo had already spent the past decade figuring out how to build a successful edtech app.
In our latest installment of the EC-1 series, Natasha Mascarenhas goes deep with the company to understand how it found product-market fit, then figured out how to grow like a consumer tech startup and monetize like a SaaS startup. After a record 2020, the Pittsburgh-based company also opened up about its plans for the future, including a focus on speaking a new language (in addition to listening, reading and writing).
Why did Bill.com pay $2.5B for Divvy?
As expected, Bill.com is buyingDivvy, the Utah-based corporate spend management startup that competes with Brex, Ramp and Airbase. The total purchase price of around $2.5 billion is substantially above the company’s roughly $1.6 billion post-money valuation that Divvy set during its $165 million, January 2021 funding round. Divvy’s growth rate tells us that the company did not sell due to performance weakness.
Per Bill.com, the transaction includes $625 million in cash, with the rest of the consideration coming in the form of stock in Divvy’s new parent company.
Bill.com also reported its quarterly results today: Its Q1 included revenues of $59.7 million, above expectations of $54.63 million. The company’s adjusted loss per share of $0.02 also exceeded expectations, with the street expecting a sharper $0.07 per share deficit.
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