Finance

 

  • Box’s Q1 Revenue Nearly Doubles As Its Losses Expand A More Modest 13%

    Box’s Q1 Revenue Nearly Doubles As Its Losses Expand A More Modest 13%

    This afternoon, Box pulled the trigger on its updated S-1 document, detailing its fiscal first quarter financial performance. For the three-month period, Box had revenue of $45.3 million, and a loss of $38.5 million. The revenue figure is up 93.6 percent, and the loss total is up a more modest 13 percent. Read More

  • Keith Rabois’ Homebuying Startup OpenDoor Raises $9.95M From Everyone

    Keith Rabois’ Homebuying Startup OpenDoor Raises $9.95M From Everyone

    Well. It seems like a lot of Valley investors want to see the process of buying homes become a lot more efficient. After Khosla Ventures VC and former Square COO Keith Rabois teased that he was working on a project to make buying homes as simple as clicking a few buttons, a horde of Valley angels and VCs started circling. Read More

  • Box Picks Up $150M More As It Waits For Favorable IPO Winds

    Box Picks Up $150M More As It Waits For Favorable IPO Winds

    Box, a file-storage and management firm, has raised another $150 million from TPG and Coatue, according to the Wall Street Journal. The company had previously raised $414.1 million, making its total funding in excess of $550 million. TechCrunch has confirmed the amount through a source. Previously, Box filed to go public, with its S-1 document detailing rapid revenue growth. Its top line… Read More

  • Source: Rackspace Wants To Take Itself Private

    Source: Rackspace Wants To Take Itself Private

    Rackspace — the publicly-listed enterprise cloud services company that competes against the likes of Amazon’s AWS, Microsoft and Google — has been in the spotlight after announcing in May that it has hired bankers to help consider offers to parter with or be acquired by another company. However, it could choose a third option: taking itself private. Following the likes… Read More

  • Arista Networks, GoPro And JD.com Spike, Pumping Fresh Oxygen Into The Tech IPO Market

    Arista Networks, GoPro And JD.com Spike, Pumping Fresh Oxygen Into The Tech IPO Market

    Three recently public technology companies are surging today, potentially indicating fresh analyst and investor enthusiasm for tech shares. GoPro is up more than 21% at the time of writing, continuing a massive bull run since its recent debut. Its shares are nearing the $50 mark. The company IPO’d at $24 per share, meaning that it has more than doubled its value since going… Read More

  • Moven Bags $8M To Take Its Mobile Banking App Overseas

    Moven Bags $8M To Take Its Mobile Banking App Overseas

    Moven, a startup that aims to make it easier for people to manage their spending by offering money management tools and real-time spending updates in app form, has closed an $8 million Series A funding round, led by SBT Venture Capital. Read More

  • Startups And The Un-Banking Of America

    Startups And The Un-Banking Of America

    Historically, when looking for opportunity in the financial industry where technology can have the greatest impact — for investors and entrepreneurs — the best place to start has been with one of our oldest institutions: banks. However, while critical to our economy, banks are generally inefficient, have high fixed costs and don’t exactly elicit happy thoughts from the… Read More

  • VCs Don’t Think We’re In A Tech Bubble — Yet

    VCs Don’t Think We’re In A Tech Bubble — Yet

    Andreessen Horowitz managing partner Scott Kupor argued that there doesn’t seem to be a bubble in tech at the PreMoney 2014 conference in San Francisco this morning. In a presentation that lasted a bit over ten minutes, Kupor laid out a series of trends that indicate things aren’t quite as exuberant as some fear. Read More

  • GoPro’s 14.6% Day 2 Rise Puts It Up 50% From Its IPO Price

    GoPro’s 14.6% Day 2 Rise Puts It Up 50% From Its IPO Price

    GoPro spiked from its offering price of $24 to $31.34 yesterday in its first day of trading. Today the company built on that success, adding nearly $5 more to its share price, ending the day at $35.92, up 14.60 percent during regular trading. All told, GoPro is now up a total of 49.67 percent from its IPO price, making it more than a successful IPO. Its rapid ascent will surely be read by… Read More

  • Why Twitter Spiked 5% Today

    Why Twitter Spiked 5% Today

    Shares of technology stocks were mostly flat to middling today, with the rocketing GoPro IPO standing out. Twitter, however, a company still down heavily from its earlier post-IPO highs, advanced 5 percent. Why? Positive external forecasts. Evercore Group indicated that it thinks Twitter’s domestic user growth could best its first quarter tally, reassuring skittish investors worried that… Read More