Finance

  • Snapchat Is Paying Ex-Apple Exec Scott Forstall 0.11% To Be An Advisor

    Snapchat Is Paying Ex-Apple Exec Scott Forstall 0.11% To Be An Advisor

    A leaked email from the Sony Pictures hack indicates Snapchat set aside .11% of its stock for former Apple head of iOS Scott Forstall to be an advisor. Michael Lynton, Sony Pictures’ CEO, is a Snapchat board member, so when his email was stolen by hackers protesting the release of The Interview, sensitive Snapchat information came to light. WikiLeaks recently made those emails easier… Read More

  • Etsy Closes Up 86 Percent On First Day Of Trading

    Etsy Closes Up 86 Percent On First Day Of Trading

    It turns out Wall Street investors like those homespun crafts. Etsy, the online marketplace for handmade goods, went public today. Shares opened at $31 on the NASDAQ, popping up 94 percent from the initial set price of $16 per share. The company closed its first day of trading at $30 per share, an 86% percent rise from its initial price. Read More

  • Number26 Grabs $10.6 Million To Bring Its Bank Of The Future To Everyone

    Number26 Grabs $10.6 Million To Bring Its Bank Of The Future To Everyone

    It feels like Number26 opened its doors yesterday, but the young startup just raised a $10.6 million Series A round (€10 million) from Peter Thiel’s Valar Ventures, with Daniel S. Aegerter and existing investors Earlybird and Redalpine also participating. This represents Valar Ventures’ second investment in a European fintech startup — the VC fund also participated in… Read More

  • Micro-Investment App Acorns Raises $23 Million Led By Greycroft, e.Ventures

    Micro-Investment App Acorns Raises $23 Million Led By Greycroft, e.Ventures

    Acorns, the micro-investment app that sets up a portfolio for you by collecting your spare change, has today announced the close of a $23 million Series C financing, led by Greycroft Ventures and e.Ventures, with participation from Sound Ventures, Garland Capital, and MATH Venture Partners. This brings Acorns’ total amount raised to $32 million. The company, which rounds up to the… Read More

  • Shopify Files To Go Public On Q1 Revenue Of $37.3M And A Declining Net Loss

    Shopify Files To Go Public On Q1 Revenue Of $37.3M And A Declining Net Loss

    Shopify has filed an F-1 document, indicating that it will sell shares to the public market. The company indicates in the filing that it will raise $100 million in its IPO. However, that figure is often given by companies as a place holder. Shopify has raised $122 million to date. The company has posted quickly growing revenues, and declining losses in its most recent quarter. Shopify… Read More

  • Twitter’s Former IR Boss Joins Secondary Shop Battery East Group

    Twitter’s former head of investor relations Nils Erdmann has a new job. Instead of doing the logical thing, and going to the beach, Erdmann is now a partner at Battery East Group, a boutique shop that helps facilitate the sale of shares of private companies to external parties. That process is called a ‘secondary’ transaction, in contrast to a ‘primary’ sale… Read More

  • Vulcun Takes On $12M To Grow The Fantasy Esports Market

    Vulcun Takes On $12M To Grow The Fantasy Esports Market

    Fantasy sports is big business. Fantasy esports is a smaller, but quickly growing younger sibling. Vulcun, currently boasting a multi-million-dollar prize pool, wants to make fantasy esports the next big thing, and now has the cash on hand to pull off its dream: A host of venture capital firms and angels just participated in a $12 million Series A round of capital for the company. I spoke… Read More

  • This Week On The TechCrunch Bitcoin Podcast: Rand Paul And Bitcoin’s Soul

    This Week On The TechCrunch Bitcoin Podcast: Rand Paul And Bitcoin’s Soul

    We are back for another episode of TCBTC, TechCrunch’s bitcoin podcast, a show that John Biggs and I put on because, well, cryptocurrencies are cool and we are not. This week we dug into Senator Rand Paul’s news, while also exploring some commercial applications of blockchains, and whining about the current Bitcoin v. Blockchain debate. Just another week in bitcoin. I don’t… Read More

  • WeFinance Offers A Crowdfunded Alternative To Student Loans And More

    WeFinance Offers A Crowdfunded Alternative To Student Loans And More

    WeFinance, launching today, is the latest startup to use a combination of technology and crowdfunding in order to offer borrowers lower interest rates on loans, while reducing lenders’ risk. The new peer-to-peer lending platform operates something like a Kickstarter for personal loans – largely those in the range of $10,000 to $20,000, and many of which are being used to help… Read More

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