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.
take apart all the lego blocks and rebuild the app." Employees were told to rest up and prepare to sprint beginning January 1.According to Comscore, Swarm grew 198% from June to July (from 717,000 unique mobile users to 2.1 million mobile unique users) and 36% from July to August (from 2.1 million unique mobile users to 2.9 million unique mobile users).
Kinjil Mathur has joined Foursquare as VP of Marketing.The role was formerly filled by Jon Steinback, who became Foursquare's VP of Product Experience when early employee Alex Rainert left the company. Rainert co-founded Foursquare's predessesor, Dodgeball, with CEO Dennis Crowley.Prior to joining Foursquare, Mathur was CMO of ArtSpace, a company founded by DailyCandy COO Catherine Levene.
Sam Hodges, co-founder and US managing director of Funding Circle, used to run a chain of successful fitness gyms in 2007. That's when he realized the US banking system was broken for small business owners.Although his business was profitable and he had a healthy credit score, Hodges just couldn’t get the loan he needed to expand his business.
Google Ventures, the search giant’s venture capital arm, has shifted its focus sharply toward healthcare and life-sciences startups.The firm invested 36% in healthcare and life sciences this year, up from 9% each of the prior two years, reports Alistair Barr at theWall Street Journal.
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.
His argument starts with the block chain, the shared ledger where every Bitcoin transaction is recorded. Validating these transactions requires computing power. When each transaction is validated, a new block is added to the chain, which makes future transactions even harder to compute.
PARIS — After weeks of bad publicity, Uber got some good news on Friday.A local judge here decided not to ban the low-cost service of the American ride-booking company, which has increasingly faced a global backlash against its mobile application-based business.
It's been an interesting year for Foursquare. First, the company that popularized mobile check-ins broke off its popular location sharing feature into a separate app, leaving more than a few miffed users to wonder what the point of it all was, and now the main Foursquare experience is headed to iPad for the first time .
But, he warns, it's still a startup, and "it could also go down to zero," Bloomberg reports.Fortune's Brainstorm Tech conference in Aspen, Colorado, on Tuesday, he said that he sees the long-term value of the company at "$200 billion or more ," according to a report in Bloomberg. As Bloomberg notes, that's around the same market value as Toyota.
In 2011, there was a thing smart people around the technology industry used to say.As prosaic as its origins may have been, Dorsey’s vision for Square was truly epic. He wanted to blow up the entire financial industry and reinvent the way the world bought and sold.It was that Jack Dorsey, the cofounder of Twitter and Square, was going to be the next Steve Jobs.
by Kleiner Perkins Caufield & Byers and Google Ventures, as well as Slack's previous investors like Andreessen Horowitz, Accel Partners, and the Social+Capital Partnership.Slack just launched publicly in February, but the company says it already has 73,000 paid users. It reportedly has 268,000 daily active users, and 200 million Slack messages are sent each month.
Twitter has acquired a payment startup called CardSpring. CardSpring helps developers write applications that accept credit card payments. Startups like Foursquare already use CardSpring. CardSpring raised $10 million from investors like SV Angel, Greylock Partners, Accel Partners, Felicis Ventures, and Data Collective. It was founded by Amit Kumar, Jeff Winner, Eckart Walther and Geraud Boyer.
It's been a great year of returns for Yahoo's investments. On Friday, the company nabbed another windfall when its spinout, Hortonworks, became a public company . Yahoo retained a 17%-plus stake (7,572,174 shares), according to forms filed with the SEC . The stock is trading at about $25 on Monday, well above the initial $16 IPO price, and is worth $189 million.
Square, the San Francisco e-commerce start-up, plans to raise at least $100 million in a new round of venture capital funding, according to a person briefed on the investment.The new round of financing would value the San Francisco-based start-up at $6 billion, said the person, who spoke on the condition of anonymity because the talks were private.
and advertisers and publishers are taking notice.By creating advertisements that are in the same format as the content audiences are there to consume, marketers hope to provide a much less disruptive advertising experience. Native ads have also proven effective, drawing higher click rates than traditional banner ads, particularly on mobile devices.
Speaking on stage at LeWeb in Paris, Fred Wilson admitted he has some big regrets as in investor— but those regrets aren’t investments he's made.Instead, his biggest regrets as an investor are the opportunities not taken and the companies he missed.“The painful ones are the ones you pass on that go on on to be worth massive amounts of money,” he said.
Oracle is paying its new co-CEOs Safra Catz and Mark Hurd $37.7 million apiece for their first year. That was a pay cut from $44 million the year before. (Larry Ellison is making $67 million in 2014). Tim Cook was granted a staggering $378 million one-time stock grant when he took over as CEO, which has vastly grown in value.
While Apple by most accounts is working on a wearable device of some sort (unofficially and already dubbed the iWatch), the number of conflicting reports about what the device will be able to do and how it will look is astounding.
One day, the iWatch is coming with a 2.5-inch display .