Sarah Lacy

Latest from Sarah Lacy

  • Get Taxi to launch in London

    You wanna bitch about valuations and call this a bubble? Go ahead. I, for one, love that a flood of we-can-do-anything enthusiasm fueled by seemingly infinite cheap venture capital is disrupting all kinds of annoying, antiquated corners of the real world. Groupon is changing local business in a fundamental way, Airbnb is disrupting hotels and of course in San Francisco and New York, Uber has… Read More

  • Get Taxi Launching in London. This Is Way Beyond Uber.

    Get Taxi Launching in London. This Is Way Beyond Uber.

    You wanna bitch about valuations and call this a bubble? Go ahead. I, for one, love that a flood of we-can-do-anything enthusiasm fueled by seemingly infinite cheap venture capital is disrupting all kinds of annoying, antiquated corners of the real world. Groupon is changing local business in a fundamental way, Airbnb is disrupting hotels and of course in San Francisco and New York, Uber… Read More

  • Redpoint Ventures: Making Money the Old Fashioned Way

    Last week we broke the news of the impressive-but-not-jawdropping $200 million acquisition of Cloud.com by Citrix and the stellar year of returns that Redpoint Ventures is having. What makes Redpoint’s record so unique is that the firm is having a good year despite the fact that they’re not in one of the big five: Zynga, Facebook, LinkedIn, Twitter, 0r Groupon. Hell, let’s… Read More

  • Series A Whopper: Benchmark Invests $33M in New BI Company Domo

    Series A Whopper: Benchmark Invests $33M in New BI Company Domo

    A new software as a service company Domo is formally launching tonight at a party in Salt Lake City. I have no idea how opulent or bare-bones this party will be, but theoretically the company would have plenty to spend on drinks, T-shirts and canapes. It just raised a massive $33 million series A from Benchmark Capital. Actually, counting the angel investments that were closed earlier but… Read More

  • Hosain Rahman on UP, Jawbone's First Non-Audio Product

    Hosain Rahman on UP, Jawbone's First Non-Audio Product

    Jawbone CEO Hosain Rahman just got off stage at TED Global where he announced the company’s first non-audio device, the UP. It’s a lot like the fitbit, measuring your sleep patterns, eating habits and activity to help people become healthier, but it’s designed to be more wearable, hip, waterproof and integrate more seamlessly into mobile devices and your overall social… Read More

  • Initial Capital Launches to Invest in Seed Deals in Israel and Brazil

    Initial Capital Launches to Invest in Seed Deals in Israel and Brazil

    In February, we wrote about Lool Ventures a new Israeli seed fund looking to fill the country’s surprising void for true seed-stage funding and mentorship. Today, another one is launching. It’s called Initial Capital, but it has a strange twist: The firm will also be investing in seed deals in Brazil. There aren’t many obvious synergies between those two markets. Israel has… Read More

  • Dropbox Raising Massive Round at a $5B-Plus Valuation

    Dropbox Raising Massive Round at a $5B-Plus Valuation

    We’ve heard from multiple sources that Dropbox is finally moving on raising its next venture round and it’s a whopper. They’ve had preliminary conversations with several investors, several solid offers they’ve passed on earlier this year and are meeting with investment banks to handle the offering now. Allen & Co. is said to be in the mix, but we’ve also… Read More

  • Jawbone Raises $70M From JP Morgan

    Jawbone Raises $70M From JP Morgan

    My, what big eyes you have Jawbone! It hasn’t even been four months since the consumer electronics company closed its $49 million in funding from Andreessen Horowitz and already it’s making funding news again. Jawbone has raised another round of growth funding, this time it’s $70 million from a group of unnamed investors advised by JP Morgan Asset Management. This brings… Read More

  • Citrix Buys Cloud.com for More Than $200 Million; Redpoint Is on a Roll

    TechCrunch has learned that Citrix Systems is buying Cloud.com for between $200 million and $250 million. The deal should be announced within the hour. Cloud.com gives companies their own private EC2-like infrastructure. The team has built the company in just a few years, boasting massive clients with demanding infrastructure needs like Zynga, Tata, and other huge undisclosed tech names. Read More

  • Indian Mobile Bank Eko Raises $5.5 Million, Processing $270 Million in Payments a Year

    Indian Mobile Bank Eko Raises $5.5 Million, Processing $270 Million in Payments a Year

    Innovative mobile banking platform Eko India Financial Services has raised $5.5 million from Creation Investments’ Social Venture fund, Promus Equity Partners and several unnamed angel investors. Mobile banking is one of the most exciting trends in the tech world outside Silicon Valley. And now that more people have mobile phones than toilets in the world, there’s a real chance… Read More

  • Excited about Zynga's IPO? Get Ready for Korea's Nexon

    Excited about Zynga's IPO? Get Ready for Korea's Nexon

    Silicon Valley loves to dismiss Asian companies as nothing more than copycats who thrive, particularly in China, because the government protects them and punishes Western competitors. Even when the businesses in question are dramatically different in practice and scale, they are described as the “eBay of China”, “The Google of China” and “the YouTube of… Read More

  • GSR Ventures Raises Fourth China Fund at $350M

    GSR Ventures has raised its fourth venture fund focused on investing in early stage Chinese companies. It took just six weeks of effort, was completed in a single close, and more than 80% of the commitments came from very happy existing investors. The big surprise to those LPs? Given the frothiness of the Chinese market, that GSR didn’t ask for more. Read More

  • Larry Summers Joins Andreessen Horowitz as Special Advisor

    Andreessen Horowitz is announcing today that economist, former US Treasury Secretary and former President of Harvard Larry Summers is joining the firm as a special advisor. Beyond his well known academic and political credentials, Marc Andreessen was quick to point out that Summers has nerd cred too: He was admitted at MIT at the age of 16 to study physics. Read More

  • An Open Letter to LivingSocial: Learn from Groupon's International Mistakes

    Another day, another unfortunate piece of news out of Groupon’s international operations. Today it’s that SoSata, Groupon’s Indian site, got hacked.  In a letter to users, Groupon encouraged them to change user names and passwords and assured them no financial information was compromised because none is stored on the site. Compared to the flood of angry headlines… Read More

  • The Case for Silver Lake Not Being Evil Incarnate

    When an employee cries foul against a big tech company or its greed-driven investors, it’s easy to take the side of the employee, especially when an employee comes forward on the record to state his or her case. A wronged employee is inherently more sympathetic than a big, greedy private equity firm or a faceless corporation, and it’s rare that an employee will actually publicly… Read More

  • Foursquare Closes $50M at a $600M Valuation

    Foursquare Closes $50M at a $600M Valuation

    Foursquare has just closed one of the most secretive rounds of venture capital TechCrunch has seen. The company is raising $50 million, and all of it will go towards building out the company, no secondary sales here. The valuation had been rumored to be as high as $1 billion, but our sources say it settled out at $550 million pre-money, $600 million post. Read More

  • Shopkick Hires eCommerce Vet Doug Galen as Chief Revenue Officer; More Nationwide Deals Coming

    We’re at that point in the startup cycle where everyone wants to be a founder and it’s easier than ever to make that desire a reality. At least it’s easier than every to raise enough money to try it out; building a real business is another matter. And paradoxically one of the threats to building a real business is the intense startup talent war we’ve written about a… Read More

  • Lytro Launches to Transform Photography with $50M in Venture Funds (TCTV)

    Lytro Launches to Transform Photography with $50M in Venture Funds (TCTV)

    Love photos but utterly bored by wave after wave of iPhone photo sharing apps? Lytro is the company for you. This is also the company for anyone who thinks Silicon Valley has fallen into a rut of innovation-less posing. And it’s the company for anyone who complains that the Valley is more about media and marketing than brass-knuckles, hardcore technology. This is the company that… Read More

  • Skype Investor: "Amount Saved on Firings Wouldn't Have Been Worth the Phone Call"

    Members of Skype’s investor syndicate are adamantly denying the Sunday Bloomberg story that implied that several Skype executives were fired because private equity firm Silver Lake Partners wanted to save a few bucks paying out the proceeds of the Microsoft-Skype deal. We spoke with one just now who reiterated what other unnamed investors have said in the press this morning: That… Read More

  • Square to Investors: $1 Billion Valuation? That's So Last Week. Make It $2 Billion.

    Square is still working on raising its $50 million-or-so next round of venture capital, and we’ve heard from several sources why it’s taking so long. It seems Square is no longer content to be in the $1 billion valuation club, which is admittedly getting a little crowded. I mean, once they’ve let Spotify in, they’ll let any hot app in, right? Square is now angling for… Read More

  1. ...
  2. 2
  3. 3
  4. 4
  5. ...