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.
Another market where the reality will not live up to the hype is wearables. The Apple Watch will not be the home-run product that iPod, iPhone, and iPad have been."Not everyone will want to wear a computer on their wrist.
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.
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.
Today, London-based money transfer startup WorldRemit announced a new $100 million funding round, with a reported valuation of more than half a billion dollars. The round is led by Silicon Valley venture capital firm TCV, which has previously invested in everyone from Facebook to Spotify and Netflix.
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.
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.
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 .
Looking good is not easy.Rent the Runway, a web start-up that lets women rent designer clothing at affordable prices, tries to make it a lot less difficult.Now, the company will have more resources to make that happen. On Friday, the company plans to announce it has raised $60 million in venture capital, which will value the start-up from $500 to $600 million.
They are now offering loans and advances to their small-business clients and charging a fixed fee for the capital advance. It's a way to develop a new revenue stream and help their merchants grow (which in turn, means more money from credit card transaction fees).
According to a paper published by the New York Panel on Climate Change, projections have New York City sea level rising well above the global average for the next 100 years. According to this paper, projections for sea level rise in New York City could reach as high as 6 feet by 2100. Within the next 40 years, sea level rise in New York City could reach 11 to 12 inches.
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.
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.
Update: The stock recovered a bit right before close but still finished down almost 3%. Original story below: Stocks are down to start the week , but quietly, shares of Apple are getting crushed, too. Apple shares are down more than 3% against the market's roughly 1.8% decline.
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.