A new PrivCo report says Foursquare will fail by the end of 2013. According to PrivCo's sources, Foursquare is missing venture capitalist's projections, and even its own projections, quarter after quarter. PrivCo thinks investors will get tired of this and sell their shares by year-end for less money than they initially invested.
If you're working with a device made by Microsoft (or running a Microsoft-made OS) right now, get ready to see a whole lot more of Foursquare. Microsoft has just invested a cool $15 million USD into the check-in app ecosystem, allowing them to agree to a "strategic partnership" which has Microsoft becoming Foursquare's number-one source of revenue.
In a recent interview with Business Insider , Fred Wilson of Union Square Ventures shared his thoughts on a wide range of topics, including “20-somethings starting funds straight out of school.” Among other points raised, Fred suggested that young VCs got their start thanks to family money, and don’t have the network or experience to be successful investors at this point in their careers.
You never knew what it was going to be."If you ask a few smart questions before accepting an offer, and after each meaningful round of new investments, you don't have to be surprised by the worth — or lack thereof — of your stock options when a startup exits.
Silicon Valley venture capital investors — the people who pour millions into tech startups in the hopes of selling them later for billions — are beginning to worry that low interest rates might be inflating a tech bubble.
when our dirty laundry piles up to the point of no return, and you feel like you're drowning in your own filth.That's where FlyCleaners comes in.Here's how it works. Download the app for iOS or Android, set a few preferences for things like fabric softener, tap to order a pickup, and someone will be at your door within minutes.FlyCleaners FlyCleaners picked up my laundry at 8:34 p.m. on Thursday.
What really happened to Google's $100,000 and why aren't the two companies partners any more?Goldberg declined to comment on the record and we haven’t heard back from Google Ventures. But the nice thing about being at South by Southwest, a 40,000-person tech conference in Austin, is sources are plentiful.
Enterprise startup Zendesk is moving full-speed ahead toward its IPO, even though investors have cooled towards cloud companies in recent weeks. Zendesk has not set a date for its first day of trading on the public markets, but it just priced its shares, according to documents filed with the SEC . It plans to sell over 11 million shares at $8 to $10 a share.
Lyft, the on-demand ride-sharing startup known for its pink mustaches and fist bumps, just raised a whopping $250 million Series D round.Existing investors like Andreessen Horowitz, Founders Fund and Mayfield participated in this round. New investors Coatue, Third Point, and Chinese e-commerce giant Alibaba also joined the round.
Foursquare’s COO Evan Cohen and VP of Business Development Holger Luedort are leaving the company, Re/Code’s Mike Isaac reports. Cohen has spent more than four years at the company. He tells Isaac he’s “low on gas.” “I was running low on gas, frankly, and it made sense for me to hand the baton off to a fresh new executive,” he said. Cohen helped raise Foursquare's last round of financing.
The company formerly known as Enterproid - now as Divide - has been acquired by Google. Google Ventures previously invested in Divide, making this one in a line of companies that had investment cash from Google Ventures only to then be acquired by Google in its entirety. One does not always precede the other, but this situation is too plain to not explore.
Berlin boasts one of the fastest-growing start-up communities, as engineers and designers have flocked to the German capital in recent years, attracted by the underground music scene, cutting-edge art galleries, stylish bars and low rent.
Some companies have even graduated from the CircleUp round to go on to larger follow-on financings, Eakin said.CircleUp , a crowdfunding service for startup consumer goods companies,has landed Virgin America as a partner for the food and beverage companies it backs. It’s the latest example of how corporations increasingly are embracing the wisdom of crowdfunding. The U.S.
It looks like Zuckerberg and Co. may be looking to make a big push forFacebook Places, and an on-going trial indicates that it could start withInstagram. The folks in Menlo Park are testing the social networks' own service for adding location info, but for now,Foursquareremains an option for sharing inside its popular filter-driven photo editor.
Today Pandora reported its fourth-quarter financial performance, essentially matching revenue expectations, and beating on earnings per share. For the period, Pandora had non-GAAP revenue of$200.8 million, and non-GAAP earnings per share (diluted) of$0.11. Investors had expected $0.08 in earnings per share and revenue of$201 million.
This move echoes a similar decision Google made with Google Maps in February 2012.Foursquare, the location-based social network that's recently been struggling to find its identity , announced today it will charge businesses for access to its data , the Wall Street Journal reports. The New York startup runs on users "checking in," or sharing their locations over the service.
Stockman was the first incumbent in Washington to accept bitcoin for his campaign. In an emailed statement yesterday responding to a senator's call to ban Bitcoin, Stockman said, "Rather than thwart innovation Congress should help resolve challenges." He has not yet responded for further comment.