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.
SEATTLE — Typically, tech entrepreneurs come up with start-up ideas and bring them to investors for money. A new investment firm in Seattle, backed by from some prominent names in technology and venture capital, plans to come up with start-up ideas on its own.The firm, Pioneer Square Labs, calls itself a “start-up studio” and on Thursday announced that it has raised $12.
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.
“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.
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.
MOUNTAIN VIEW, Calif. — Early this year, Google unveiled renderings of several clear, tent-like buildings that would replace its current Silicon Valley headquarters, known as the “Googleplex.” Renderings may be about as far as the idea is likely to go.
Sometime in the not-so-distant future, getting a checkup will be very different. When the doctor writes down your symptoms, it will be cross-checked with others in your area, making it easier to identify outbreaks and epidemics sooner. If you complain of shortness of breath, your phone’s heart rate monitor will instantly report how well your heart has functioned over the last month.
When I recently wrote about Slack, a corporate messaging app that has aspirations to replace email, investors valued the company at $1 billion. That was a month ago. Today, the start-up announced that it has raised $160 million from a half dozen investors, and that it is now worth $2.8 billion.
Aileen Lee tried a few lesser terms before she hit on “unicorn.” One was “home run.” Another was “megahits.” Neither quite worked for what she was going for — an unusual, mysterious word to describe what, in the tech industry, was an unusual, mysterious phenomenon: American software companies that had achieved a valuation of at least $1 billion.It was the fall of 2013, and Ms.
OTT DEVICES DRIVE DIGITAL VIDEO STREAMS FOR HULU: While mobile devices are driving a significant uptick in digital video consumption in the US, OTT devices like smart TVs, connected devices, and gaming consoles are driving long-form premium content, according to a new report from Hulu.
It has been some time since Marissa Mayer, chief executive of Yahoo, has spent big to add a promising start-up to her company’s portfolio. On Friday, she broke out the checkbook.Yahoo paid close to $200 million for Polyvore, an online social shopping and style site, according to two people briefed on the deal.