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.
LONDON — Funding Circle, the British peer-to-peer lender, announced on Wednesday that it had raised $150 million in financing that valued the company at roughly $1 billion.The company, which allows people and institutions to bid online to lend money to small businesses, has now raised almost $300 million from investors including Index Ventures and Union Square Ventures.
LONDON — European venture capital is going through a shake-up.As the region’s tech companies like Spotify, the music-streaming service, and King Digital, the maker of the Candy Crush franchise, have become global names, a series of new venture funds have sprouted in search of the next generation of European start-ups.
has 50 million monthly readers, according to the site's internal analytics. It just raised a $3.5 million convertible note at a $30 million valuation cap, sources with knowledge of the deal tell Business Insider.The founders confirmed the fundraise to Business Insider but declined to comment on the valuation.
For the past two weeks, the tech and media universes were filled with chatter about his smartphone app, Meerkat, which allows users to broadcast live smartphone video of themselves to all of their Twitter followers. He came to Austin hoping to build even more excitement around his app at South by Southwest, the three-week tech, music and culture gathering popular with early adopters.
As technology giants like Google and Facebook slug it out over the $40 billion global market for mobile advertising, smaller players like InMobi have to stay nimble to avoid being trampled in the fight.So far, InMobi, which is based in Bangalore, India, has managed to thrive, building an ad-targeting platform that it says reaches more than one billion mobile devices worldwide.
A trio of social media stocks is getting pummeled this week, a sign that Wall Street may be unwilling to overlook missteps at some of its Internet darlings, Vindu Goel and Mike Isaac report.LinkedIn on Thursday plunged as much as 25 percent in after-hours trading after the professional social networking company forecast second-quarter sales that were weaker than Wall Street estimates.
Google and Facebook are eating their lunch. Google and Facebook are building and buying their own ad tech. It's extremely difficult to compete with companies of that scale. Not least when they build up "walled gardens" and attempt to own every area of the ad tech stack, from buy-side to sell-side, essentially offering advertisers a one-stop-shop for all their needs.
Men's short-shorts may seem like an unlikely product for an ecommerce startup. But for Chubbies cofounders Kyle Hency, Rainer Castillo, Preston Rutherford, and Tom Montgomery, it was the most natural thing in the world to start a company based around retro-inspired shorts.
Affirm, a San Francisco-based consumer lending start-up, is adding $275 million in debt and equity to accelerate its growth plans.The big Series B funding round is a vote of confidence by investors in one of the more ambitious entrants into the emerging field of financial technology.
A report from KPCB this week suggests that internet penetration worldwide is stalling out at around 60%. This means that 6 out of every 10 people around the world have access to the internet - or choose to make use of it.
There was good news and bad news for Motorola in its second round in court with the patent holding firm Intellectual Ventures. A Delaware jury cleared Motorola of infringing on one of IV's wireless patents, but it also said that the cellphone maker infringed on another patent focused on multimedia messaging,Reuters reports.
“This was classic espionage, just on a scale we’ve never seen before from a traditional adversary,” the official said.“And it’s not a satisfactory answer to say, ‘We found it and stopped it,’ when we should have seen it coming years ago.
Google's mobile ad business is already twice as big as its nearest competitor If Google bought it, it would solidify the search giant's domination of mobile advertising in an almost unassailable way. It would make Google No.1 for mobile ad revenues for years to come. Google's mobile ad business is already twice as big as its nearest competitor , Facebook, for instance.
This story was originally sent to thousands of professionals just like you in this morning's IoT WEEKENDER newsletter. Don't be left in the dark while your competition gets ahead each morning. Learn more about our 7-day FREE trial now FITBIT’S IPO A BIG SUCCESS: On Wednesday night FitBit announced its official IPO price of $20 per share.
Not many people have the luxury of working with the Paypal "Mafia," the big shots from early days of the payment company that sold to eBay for $1.5 billion in 2002.But for those who do, like Mixpanel’s 26-year old CEO Suhail Doshi, it meant the difference between zero and $835 million.