Today, Elon Musk’s Tesla Motors announced a plan to allow consumers to finance its Model S Electric cars, thanks to a partnership with Wells Fargo and US Bank. The company says that this is a new kind of financing product that “combines the surety and comfort of ownership with all the advantages of a traditional lease.” So while this isn’t a straight-up lease, this is a… → Read More
Editor’s Note: The following is an excerpt from Onswipe CEO Jason L. Baptiste’s new book The Ultralight Startup: Launching a Business Without Clout or Capital.
If you pay attention to the headlines about startups getting millions of dollars of funding from investors, venture capitalists, or partnerships, you might think the fund-raising process happens overnight. It all sounds so easy: Some… → Read More
Intel won a piece of the Swedish airwaves and announced today that it plans to develop a nationwide WiMax network. Intel paid $26 million for a 15-year license and hopes to make money by selling microchips that a WiMax network will need. Intel business developer Carl-Daniel Norenberg said the company is looking for partners to build and operate the network, but that Intel will rent out the license… → Read More
Buzzd, a location-based city guide and social network for mobile phones, announced that it has completed Series A funding, led by Greycroft Partners and Monitor Ventures. The money will be used for product development and distribution. Monitor’s Fern Mandelbaum will join Buzzd’s Board of Directors, along with company Co-Founders Nihal Mehta and Deepen Shah. “Monitor and Greycroft have… → Read More
Thumbplay, a mobile entertainment company, announced today that it has raised $18 million in new capital. Thumbplay will use the seed money to expand its direct-to- consumer product offerings, in addition to further developing the tools it provides content owners, creators, publishers and brand marketers. The company plans to accelerate its strategic growth plans and to expand internationally in… → Read More
Handango, a provider of smartphone content, raised an additional $9.5 million in its Series C round of financing. The money will be used to support the company’s new distribution deals, improve the scalability of its infrastructure and expand globally. Handango also plans to enhance the consumer experience to make smartphone content easier to brows, find and purchase online, and directly from a… → Read More
The mobile advertising company Ad Infuse announced today that it has secured $12 million in financing. New investor SoftBank capital led this new financing round, which also includes existing investors ComVentures and Storm Ventures. The money will be used to promote and develop Ad Infuse’s mobile advertising network and platform, adInMotion. The company will also invest in its adInTouch, which… → Read More
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