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.
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.
In a recent interview with Business Insider , Fred Wilson of Union Square Ventures shared his thoughts on a wide range of topics, including “20-somethings starting funds straight out of school.” Among other points raised, Fred suggested that young VCs got their start thanks to family money, and don’t have the network or experience to be successful investors at this point in their careers.
Enterprise startup Zendesk is moving full-speed ahead toward its IPO, even though investors have cooled towards cloud companies in recent weeks. Zendesk has not set a date for its first day of trading on the public markets, but it just priced its shares, according to documents filed with the SEC . It plans to sell over 11 million shares at $8 to $10 a share.
Foursquare’s COO Evan Cohen and VP of Business Development Holger Luedort are leaving the company, Re/Code’s Mike Isaac reports. Cohen has spent more than four years at the company. He tells Isaac he’s “low on gas.” “I was running low on gas, frankly, and it made sense for me to hand the baton off to a fresh new executive,” he said. Cohen helped raise Foursquare's last round of financing.
The company formerly known as Enterproid - now as Divide - has been acquired by Google. Google Ventures previously invested in Divide, making this one in a line of companies that had investment cash from Google Ventures only to then be acquired by Google in its entirety. One does not always precede the other, but this situation is too plain to not explore.
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.
Yahoo, who trail behind contemporaries like Google, have topped the list of large tech companies making acquisitions in 2013. According to a study by PrivCo, Yahoo acquired more companies and spent more money than anyone else. With an upcoming investment maturing, the spending may increase, but some are wondering what Yahoo is up to.
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.
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.
Bernardo Hernandez and Jeff Pulver, an early investor in Twitter and Foursquare.The app curates a list of what's going on in your city, customizing the experience based on your interests and social connections. Once you find what you want to do, you can book it directly within the app.The idea for Fever all came about when Gómez moved to San Francisco as a teenager.
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.
Next time you're at a park, beach or high-traffic spot in New York, and your phone battery's running low, look for the contraption in the image above. That'sAT&T's Street Chargestation, which harnesses the power of the sun so you can continue tweeting and uploading thoseselfieson the go.
Soluto, the winner of Disrupt's inaugural event in New York in 2010, has raised $18 million in funding to continue offering support tools to small businesses for managing and fixing their PCs. Just last month, it introduced a new service to support small businesses with up to 10 PCs.
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 .
Target’s store-branded card, called REDcard, accounted for 19% of sales at Target stores in the U.S. last year, six percentage points more than the year before, Target CFO John Mulliganhas said Target spokesperson would not comment on the retailer’s rationale for switching partners.
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.
Enterprise security startup Centrify just nabbed a $42 million venture investment from Samsung Ventures and others, one day after Google announced it was buying its own Android security company, Divide. Centrify makes enterprise security software that manages employee passwords. It also has a cloud service that does the same, competing with hot startups like Okta.