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.
If you're working with a device made by Microsoft (or running a Microsoft-made OS) right now, get ready to see a whole lot more of Foursquare. Microsoft has just invested a cool $15 million USD into the check-in app ecosystem, allowing them to agree to a "strategic partnership" which has Microsoft becoming Foursquare's number-one source of revenue.
Foursquare is still making gains in users and check-ins, with the company reporting in December of last year that it had reached 45 million registered users and surpassed 5 billion check-ins. That's up from January 2013, when Foursquare had 30 million registered users, a 50% gain in just under one year. (Foursquare did not say how many of those registered users are active each month.
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.
been traveling, riding around on a new Vespa, and figuring out what's next."Tristan and his team are tackling real worlFoursquare's first designer, Mari Sheibley, left the company in late 2012. She had been there four years. Since then, she's Now she's joining a startup run by another early Foursquare employee, Tristan Walker.
You never knew what it was going to be."If you ask a few smart questions before accepting an offer, and after each meaningful round of new investments, you don't have to be surprised by the worth — or lack thereof — of your stock options when a startup exits.
SoundCloud just raised a new round of funding, which values the music-sharing startup at roughly $700 million, according to The Wall Street Journal . SoundCloud reportedly raised over $60 million from IVP and the Chermin Group late last year. Kleiner Perkins Caufield & Byers, GGV Capital, Index Ventures, and Union Square Ventures also participated in the round.
Silicon Valley venture capital investors — the people who pour millions into tech startups in the hopes of selling them later for billions — are beginning to worry that low interest rates might be inflating a tech bubble.
when our dirty laundry piles up to the point of no return, and you feel like you're drowning in your own filth.That's where FlyCleaners comes in.Here's how it works. Download the app for iOS or Android, set a few preferences for things like fabric softener, tap to order a pickup, and someone will be at your door within minutes.FlyCleaners FlyCleaners picked up my laundry at 8:34 p.m. on Thursday.
Foursquare just raised a bunch of money, again. This time it’s a Series D round of $35M , back in April of this year it was $41M in debt financing . The company seems to keep being able to convince people there’s something of value in its global location service.
It's easy to think of Foursquare as an app you use on the go: it's what you use to check in places, get a mayor's crown, let your friends know you're about to eat a taco. That sort of thing. Now, though, Foursquare is teaming up withGrubHub Seamless, allowing you to order delivery from local restaurants -- without ever actually setting foot there or checking in.
What really happened to Google's $100,000 and why aren't the two companies partners any more?Goldberg declined to comment on the record and we haven’t heard back from Google Ventures. But the nice thing about being at South by Southwest, a 40,000-person tech conference in Austin, is sources are plentiful.
VC Charlie O’Donnell, who has worked at both First Round Capital and Union Square Ventures, is announcing the second raise, of $8.25 million, for his New York City-based, early-stage VC fund Brooklyn Bridge Ventures .
Following the first of two days' worth of hearings on how state law might treat Bitcoin, Litecoin and their digital cousins, New York Department of Financial Services Superintendent Benjamin Lawsky admitted to reporters he'd initially been quite wary of them, but that he's since come around to their possible usefulness.
On March 26, 2012, a new media startup called Upworthy launched. Now it has 50 million monthly unique readers.Almost all of its readers come from Facebook. The headlines, which Upworthy's editors toil over, leave much to be desired and tug at heart strings.
Lyft, the on-demand ride-sharing startup known for its pink mustaches and fist bumps, just raised a whopping $250 million Series D round.Existing investors like Andreessen Horowitz, Founders Fund and Mayfield participated in this round. New investors Coatue, Third Point, and Chinese e-commerce giant Alibaba also joined the round.
“In healthcare there is a tech stack around genomics, digitization, biometrics, analytics, and actual cures; one of the things that ties that all together is insurance,” said Singerman.“Launching a new insurance company is not something that happens very often. While you could launch a new insurance company without the Affordable Care Act, the catalyst it gives you by being on the same page as the big incumbents is unprecedented.”“The thing to keep in mind… with the healthcare industry is that it is far bigger than tech.
Berlin boasts one of the fastest-growing start-up communities, as engineers and designers have flocked to the German capital in recent years, attracted by the underground music scene, cutting-edge art galleries, stylish bars and low rent.