Why Airbnb's Director of Engineering Left to Build a New Start-Up
Ian Logan was one of the first employees at Airbnb, eventually becoming the company's Director of Engineering. Now, he's taking the lessons he learned there to build a new start-up called Drop.
Drop is an app that rewards users with money to spend at their favorite retailers. Logan says it operates as a platform that connects partners and customers.
Drop just announced a $21 million Series A round of funding. Logan says he plans to use some of that money to triple the company's engineering staff this year.
Roku was among those businesses impacted by the fall of Silicon Valley Bank, having around 26 percent of its cash and cash equivalents deposited at the bank.
The U.S rushed to seize the assets of Silicon Valley Bank after a run on the bank, the largest failure of a financial institution since Washington Mutual during the height of the financial crisis more than a decade ago.
