Mint.com, the financial service we first mentioned at TechCrunch40 in 2007 (wow, that seems like a long time ago), announced that they have launched a new native app specifically for 9 and 10 inch Android tablets running Honeycomb and Ice Cream Sandwich.
This new app, available in the Android Market, will join the previously available versions for iPhone, iPad and Android mobile phones. Curiously, there is no mobile web version (that I have been able to find). → Read More
Aaron Patzer, the founder of Mint, has a new project that he is spending half his time on (he continues to spend the other half as VP of Product Innovation at Intuit, which acquired Mint two years ago for $170 million). His new project is called Swift, and it is his vehicle (if you will) to exlore the feasibility of building a personal maglev vehicle transit system.
“The goal is to see if I can develop a new transportation system to displace cars in most urban and suburban settings,” he told me recently, “with the goal being 5x the speed, and bringing the cost of maglev from today’s costs of $50m / mile down to $4-5m / mile, which would be the same as adding one lane of asphalt/concrete road. Not sure if it will pan out, as I’m deep in the science and simulation phase.” → Read More
Intuit’s “Quicken 2007 for the Mac” users have a problem. The personal financial accounting software is not going to work under Lion, Apple’s new OS 10.7, due to be released as early as Wednesday. Intuit suggests three solutions. But each has its own flaws, especially if you want to track investments, reconcile your financial statements or not have to buy 3 software programs or a PC. There are non-Intuit alternatives out there, each with their own fan base. None of them match Quicken 2007, a far-from-perfect but still very useful, powerful program.
Software is supposed to get better over time, but for Mac home accounting users, that’s not the case. One of the very first killer ‘apps’ for Apple computers was VisiCalc, a spreadsheet program used by some to balance checkbooks, track credit cards and determine net worth. We’ve come a long way since then, but for Mac users looking for a traditional and full featured personal accounting program, there is no easy solution. → Read More
Money Dashboard, which can be thought of as a Mint.com for the UK, gets its consumer launch today.
Running in some form of beta since December 2009, the startup, which is funded to the tune of £2m, provides an online service for consumers to manage their finances via a dashboard that aggregates data – balances and transactions – from online bank accounts and credit cards etc. It’s powered by Yodlee, as was Money Dashboard’s, ultimately unsuccessful, competitor Kublax.
Money Dashboard’s features include the ability to track and categorise spending, and set budgets, along with email alerts to warn users if they exceed their set budget or are about go into overdraft. And in future, says the company, it will also be possible to alert users to suspicious transactions on their accounts. → Read More
Here at TechCrunch, we’ve long been fans of personal finance site Mint, which won our first TechCrunch40 conference in 2007 and was acquired two years later by Intuit for an impressive $170 million.
But things may not be going gangbusters at the company these days. We’ve learned that in the next month, three key employees from the original, pre-acquisition team will be leaving, including Director of Marketing Stewart Langille, lead designer Justin Maxwell, and head software engineer Daryl Puryear. One Mint insider estimated that around 40% or more of the pre-acquisition team has left since Intuit bought the company in September 2009, some of whom have left substantial amounts of unvested stock on the table. Most of the executive team remains, but many employees have gone on to work at or launch their own startups. → Read More
While attending an exhausting, snowy yet insightful LeWeb in Paris, the TechCrunch Europe team met with a variety of startups and founders. One of them is a recently launched Slovenian company called Toshl, which gives people a well-designed mobile app to track their day to day expenses.
Both the web interface and the mobile version, which is available for most mobile phones such as iPhone, Android and Symbian, allow you to input all of your expenses manually and sync them in between. In comparison to other startups in the space, however, Toshl has not yet secured any partnerships with banks. → Read More
Marc Hedlund, co-founder and former CEO of personal finance company Wesabe, has penned a refreshingly honest and open take on why he thinks the startup lost to rival Mint.
The latter launched later than Wesabe (and won the top prize at the TechCrunch40 conference back in 2007) and was later acquired by Intuit for $170 million, while Wesabe had a less stellar exit and hit the deadpool last June. → Read More
Money Dashboard, which is shooting to become the Mint.com for the UK, launched its open beta today, coming out of a period in closed Beta which, they say, was “massively over-subscribed” after its appearance in October. The site recently completed a funding round, securing £1 million of investment via a consortium of investors.
It also has a lot less competition now that main competitor, Kublax, deadpooled this February. → Read More
The best way to describe Offermatic is this – imagine if Mint, Blippy and Groupon went off to Vegas for the weekend, got wasted and ended up in bed together. Nine months later, out pops Offermatic.
Like Mint, Offermatic is a front end user interface to Yodlee’s robust financial network. And the service digs through your credit card transactions just like Blippy does (although they aren’t posted for the world to see). And like Groupon, Offermatic is pushing special offers to users. → Read More
We track a lot of acquisitions on CrunchBase. At the beginning of 2009, acquisitions were at a standstill. But as the economy begrudgingly roused itself from recession, the deal flow started to pick up in the summer, and then rebounded more in the third quarter. There are still a couple weeks left in the year, and a lot can still happen, such as Google buying Yelp for more than $500 million. But with the year wrapping up, we put together an initial list of the top technology acquisitions of 2009.
We’ll update the list if necessary at the end of the year (for instance, we don’t include Yelp in our list because it is not yet final), but it is not likely to change by much. Out of $64 billion worth of technology M&A Crunchbase tracked in 2009, about $54 billion went to the top 30 deals ((see table below). These are only technology deals (Web, software, hardware, mobile) and do not include cleantech or biotech (nor do they include other industries Crunchbase tracks as well).
See the list after the jump. → Read More
Feel like this holiday season is a bit cheerier than last year’s? You’re not alone. According to some new data from personal finance site Mint (which was acquired by Intuit for $170 million earlier this year), the holiday season has been accompanied by a major bounce in consumer spending. After a dismal shopping season in 2008, many retailers specializing in everything from electronics to high-end clothing have seen big jumps in the last few months. In a post called ‘The Return of Retail: Holiday Spending 2009′, Mint has illustrated these trends in a number of attractive infographics (we’ve included a few below).
So where does this data come from? To your everyday consumer, Mint is great for a lot of things — it can help you manage your budget, find deals on credit cards, and plenty of other other good stuff. But Mint can also look at aggregate spending trends to see how the economy, and even individual retailers are doing. → Read More
The U.S. unemployment numbers are out today, and most headlines will show that the U.S. unemployment rate in November was 10.0 percent, down from 10.2 percent in October. That number is depressingly large, but even that under-counts the true number of unemployed. For instance, it doesn’t count those people who don’t have a job and have given up looking for one, or those who have found marginal part-time work but still can’t make ends meet and are still looking for a full-time job.
The government keeps stats on all of these “marginally attached workers” and people “employed part time for economic reasons” (rather than by choice). If you add all of those people in, the total unemployment rate in the U.S. is 17.2 percent, compared to 12.6 percent a year ago. The only good news is that number is down from 17.5 percent in October. (Mint explains all of this in a depressing cartoon video after the jump). → Read More
Venture capitalists like to hire well known entrepreneurs and executives as “entrepreneurs in residence.” These are short term jobs, a place for someone to park themselves for up to a year or so after they’ve sold their company or otherwise have moved on. They sit in on pitch meetings, advise partners and portfolio companies, and plan their next move. And the VC generally, but not contractually, gets first dibs to invest in their next gig.
Sometimes people get creative with their titles - Jason Calacanis was called an Entrepreneur In Action during his stay at Sequoia Capital in 2006-2007, but his job was essentially the same.
Bessemer Venture Partners is expanding the idea further, and are adding what they’re calling a Designer In Residence. Jason Putorti, former lead designer at Mint (now a subsidiary of Intuit), is the guy they hired for the job. → Read More
Yesterday, Intuit closed on its previously announced $170 million acquisition of personal budgeting site Mint, making Mint founder and CEO Aaron Patzer the new vice president and general manager of Intuit’s Personal Finance Group. He is now in charge of not only Mint.com, but also all of Quicken’s online and desktop products. What will his first order of business be? I spoke to him today to find out.
“Over the next 6 to 9 months,” he says, “we will end-of-life Quicken Online and their customer’s data will be migrated over to Mint.” Just a few months ago, the Quicken Online team was questioning Mint’s success. Now, Patzer is their new boss.
It’s not so much revenge as it is a smart business move. Intuit doesn’t need two different online financial planning sites for consumers, and it bought Mint because it couldn’t beat it. Combining the two is the obvious move. (Both help consumers keep track of their money and spending by monitoring their bank accounts, brokerage accounts, credit cards, and other financial accounts). → Read More
Last night I posted the video of Mint CEO Aaron Patzer’s 45 minute presentation on building startups from the ground up. If you are an aspiring startup entrepreneur, you’ll want to watch that more than a few times. The candid disclosures and advice he gives is rarely seen in Silicon Valley.
Some readers requested to see the presentation deck as well, so here it is. Patzer shows how he raised and spent money, and generated revenue, throughout the lifecycle of Mint, from the very beginning to the $170 million acquisition. He also showed historical slides from early presentations to investors and compares those to the actual results.
The full presentation is below: → Read More
Let’s say you have an idea for a startup. How do you begin the process of finding cofounders and employees, creating a corporation, handing investors, growing the company, etc.? There are lots of details about building a startyp that are usually a mystery to the newly initiated founder. Usually you have to learn this stuff on the job, making mistakes along the way.
But not anymore. Last night I saw a 45 minute presentation by Mint CEO Aaron Patzer at a startup competition event called Juice Pitcher on the Microsoft campus. The event, which is put on by TheFunded and Vator.tv, put a handful of new startups on stage to show their stuff and compete for a top prize. Between pitches, Patzer took the stage and told the story of Mint, in detail. His company just sold for $170 million to Intuit.
The full video is below. → Read More
With the new Yahoo homepage that was previewed last July and is now rolling out more broadly as part of Yahoo’s new “It’s Y!ou” branding exercise, the main Yahoo homepage is taking on more of the personalization features on MyYahoo. There are all sorts of handy widgets in the left-hand column ranging from Facebook status updates to Gmail to any news feed (just type in a URL like Techcrunch.com and it will add the feed). When you hover over any of the widgets, a box opens up covering most of the homepage with information from that widget.
Today, Yahoo is making it possible to add applications made on the Yahoo Application Platform (YAP) to that sidebar as well. One of the first apps it is launching with is from personal finance tracker Mint, with its Budget by Mint widget. Other YAP apps launching today on the homepage include A-Z Wine Pairings from MyRecipes & Snooth, Books weRead by WeRead, Brain Trainer by Lumosity, a social version of the Flood-it game by LabPixies, kaChing’s virtual stock portfolio app, Movies by Flixster, and WordPRess QuickPress. YAP is part of Yahoo’s Open Strategy that it kicked off last year. → Read More
A lot of people at Adobe weren’t all that happy when YouTube was acquired by Google for $1.65 billion in 2006. After all, YouTube was just a pretty front end to the core Flash web video technology created by Adobe. YouTube got rich. Adobe got peanuts.
Mint, which sold to Intuit earlier this week for $170 million, is Yodlee’s YouTube. That’s because, like YouTube, the core technology behind Mint wasn’t developed in house. It was licensed from Yodlee, who got paid very little for what they provided. → Read More
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