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.
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.
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.
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.
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.
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 .
It takes money to make money, or so the saying goes. And Square, the e-commerce start-up, wants to make a lot more money.The company recently closed a venture financing round of $150 million, according to a person briefed on the investment, who spoke on condition of anonymity because he was not authorized to speak publicly.
The tech world is known for having a bit of a coffee addiction.Square CEO Jack Dorsey, for example, is alongtime investorin San Francisco-based roasters Sightglass Coffee. And, of course, there's Blue Bottle Coffee, which in January raised $25.
, with more on the way, making them one ofThey began their space journey by backing a company called the sci-fi mission of trying to mine asteroids for minerals. It is building its own drone spacecraft to do this and, along the way, inventing a lot of technology that it licenses to everyone from NASA to medical device manufacturers.
Senator Franken was not impressed. When Crowley read this statement back to Franken in the interview, the Senator from Minnesota fired back sharply, saying "He has it completely wrong, he just doesn't understand what this issue is.
Today, Tristan Walker is one of the most admired people in the technology industry. He made a name for himself growing Foursquare's business as one of its first employees , and is now the founder and CEO ofWalker & Company, an Andreessen Horowitz-backed startup that makes beauty products for people of color.
The U.S. and Europe are stagnant. That's largely because mobile card readers from startups like Square are cutting into new payment terminal sales in these countries.We examine which regions are driving growth and how market share is shaping up in different regions.
Perch is a free, universal social media management app designed to save business owners time every day. Perch offers social network and review activity for your company in a simple, unified feed. It's also possible to watch other businesses and track their activity. Keep track of your competition or see what similar businesses in other cities do with their online identities.