Finance

  • BTXDeals Is An Online Marketplace For Blowing Bitcoin

    BTXDeals Is An Online Marketplace For Blowing Bitcoin

    Got some Bitcoin burning a hole in your virtual wallet? There’s an online marketplace for that… U.K.-based BTXDeals.com has just launched an e-tail website where sellers are offering goods and services to buy with Bitcoin. Read More

  • Box Will Hit $1 Billion In Revenues Before You Know It

    Box Will Hit $1 Billion In Revenues Before You Know It

    There’s probably no enterprise software company more people opine on than Box. In particular, the business model of Box.
    But while opinions are somewhat subjective, math is math, and the physics of software as a service (SaaS) and recurring revenue are highly predictable. And there’s one thing we now know after Box’s recent SEC filings on its run up to an IPO: Box will be at… Read More

  • After A Difficult 2014, Bitcoin Hopes For A Brighter New Year

    After A Difficult 2014, Bitcoin Hopes For A Brighter New Year

    Bitcoin spiked to north of $1,000 in late 2013, before starting a long decline in the current year. After some optimistic fluctuation, it has landed in a mid-$300 trading range that the virtual currency can’t seem to shake. Gone, for now it seems, are the go-go days of bitcoin heading straight north. Read More

  • Profitable SaaS Startup Buffer Breaks Down How It Spends Its Revenue

    Profitable SaaS Startup Buffer Breaks Down How It Spends Its Revenue

    Buffer, a startup that provides social media management tools, today posted a breakdown of how its spends its revenue on salaries, servers and other expenses. The post is sufficiently detailed and worth examining, as it includes a number of data points that we, the public, tend to lack about private companies. Read More

  • All Eyes On Box As Tech IPOs Roar Back To Life

    All Eyes On Box As Tech IPOs Roar Back To Life

    The success of the LendingClub, Hortonworks and New Relic IPOs this week may have created a moment in the market that Box, a company that has long wanted to go public itself, could use to get its long-delayed flotation done at last. I’m totally kidding about the “could” bit there, of course. This is precisely what Box has been waiting for since it first filed in March. Read More

  • New Relic And Hortonworks See Strong Public Debuts

    New Relic And Hortonworks See Strong Public Debuts

    In early trading, New Relic’s shares are up 31 percent in its first day as a public company. Another technology company, Hortonworks, will begin trading this morning as well. Update: Hortonworks has opened to a massive gain of more than 40 percent as well. For tech IPOs, today is a huge day. The two companies are trading on different exchanges, with New Relic selecting the NYSE, and… Read More

  • [Update] Lending Club IPO Shows The Profit Potential For Financial Technology Investments

    [Update] Lending Club IPO Shows The Profit Potential For Financial Technology Investments

    Lending Club’s $5.4 billion initial public offering on the New York Stock Exchange is more than just the largest IPO for a U.S.-based tech company this year, it’s also planting the flag for an entire ecosystem of startup companies engaged in overturning the ways in which the world deals with money. “This is not some narrow addressable market, it’s trillions of dollars… Read More

  • Robinhood Launches Zero-Fee Stock Trading App

    Robinhood Launches Zero-Fee Stock Trading App

    Why pay E*Trade $8 to buy or sell a stock when you can trade for free on Robinhood? After two years of development, $16 million in funding, and 500,000 waitlist signups, Robinhood finally hits the iOS App Store today. Robinhood lets you track the performance of stocks, and buy or sell them with just a few taps at no cost. The app could attract a younger, less wealthy demographic to the… Read More

  • Insikt Introduces Lending As A Service For Brands

    Insikt Introduces Lending As A Service For Brands

    The lending space couldn’t be hotter, with folks like Lending Club set to IPO, and new entrants launching every day. One of these new competitors just raised $16 million to let brands become the lenders of the future, offering a “Lending as a Service” (LaaS) platform. Meet Insikt. Read More

  • Fintech Collective Leverages Investor Network To Back Investment Networking Firm Openfolio

    Fintech Collective Leverages Investor Network To Back Investment Networking Firm Openfolio

    For the New York-based financial technology investment firm Fintech Collective, investments are always better with a little help from friends. Social investment networking and data analysis startup Openfolio’s $1.8 million seed financing had help from the firm’s syndicate of limited partners and contacts. Read More

  • U.S. Marshals Complete Second Auction Of Silk Road Bitcoin

    U.S. Marshals Complete Second Auction Of Silk Road Bitcoin

    The U.S. Marshals Service has completed the second auction of bitcoin seized from the original Silk Road. The auction, consisting of 50,000 BTC, is the latest in a seized BTC sell-off that began in June. Read More

  • Here’s How Much Money Microsoft Lost Per Day On The Nook Deal

    Here’s How Much Money Microsoft Lost Per Day On The Nook Deal

    A deal from nowhere, which went nowhere, Microsoft’s partnership with Barnes & Noble’s Nook came to an ignominious conclusion today with the bookseller kicking the software firm a chunk of cash and shares. The official verbiage indicates that Microsoft will sell “all of its $300 million convertible Series A preferred limited liability company interest” in exchange… Read More

  • Training-As-A-Service Startup Lesson.ly Picks Up $1.1M After Growing Its Revenue 850% In 2014

    Training-As-A-Service Startup Lesson.ly Picks Up $1.1M After Growing Its Revenue 850% In 2014

    Lesson.ly, a startup that provides onboarding and training tools, announced this morning that it has raised a $1.1 million round led by Allos Ventures, and participated in by several angels. The firm claims to be the first company to “count all three ExactTarget co-founders as investors.” ExactTarget, a Midwest company like Lesson.ly, was acquired by Salesforce in 2013. The… Read More

  • For The Tech IPO Market, A Test

    For The Tech IPO Market, A Test

    Will the public market welcome a company with expanding losses? Hortonworks is ready to find out. Earlier today, the company priced its initial public offering, announcing that it will sell its shares for between $12 and $14 apiece. Early analysis pegs the company’s valuation at a per-share price in the middle of the proposed range of $659 million. Read More

  • Banks As Commodity Utilities In A New Payment World

    Banks As Commodity Utilities In A New Payment World

    With the recent launch of Apple Pay and leaked screenshots of Facebook integrating payments with Facebook Messenger fintech companies, there is a lot of speculation regarding the future of banking. Backed up by the way-too-often quoted Millennial Disruption Index, Accenture’s Banking 2020 and a range of similar reports tech evangelists predict that Apple, Facebook and Google will become… Read More

  • Against Acceleration

    Against Acceleration

    Startups should give up equity for only one of two reasons: work or cash. Startup employees and advisors work in exchange for equity (and salary) and they can be fired if they don’t perform, shutting down their vesting. I’m an advocate of bringing on advisors with defined deliverables, earning somewhere around 100 basis points or less unless they’re working part-time at… Read More

  • Two Rallies

    Two Rallies

    Today Apple topped the $700 billion value market cap threshold during regular trading, a remarkable achievement. The company’s shares have since slipped some, but it’s impossible to deny the technology giant’s massive rally. Apple, a company that was once small enough to be dismissed whole-cloth is now not only the world’s most valuable technology company, it’s… Read More

  • Requiem For A Unicorn

    Requiem For A Unicorn

    Marc Andreessen has said that there are 15 companies per year that generate 90% of the returns for VCs. Startups jockey for position in the “Billion Dollar Club.” In the world of startups we don’t have the S&P 500, we have the “Unicorn 50.” Read More

  • GoPro Craters 9.3% After Pricing Its Secondary Offering At A Discount

    GoPro Craters 9.3% After Pricing Its Secondary Offering At A Discount

    GoPro fell more than 9 percent today, after it priced its secondary offering at $75 per share, a discount to its market price. The company ended regular trading today at $71.74 per share, or a several dollar negative delta to the proposed price. The company will sell 1,287,533 itself, while prior shareholders will sell 9,072,967. Underwriters of the sale may purchase 1,554,075 shares as… Read More

  • U.K. Confirms Payday Loans Caps Coming In January

    U.K. Confirms Payday Loans Caps Coming In January

    Strict new price caps will come into force in the U.K.’s payday loans market in January, sector regulator the Financial Conduct Authority (FCA) has confirmed, affecting any U.K. businesses that offer this type of short-term consumer credit. Read More

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