Finance

  • LivingSocial Co-Founder Aaron Batalion Joins Lightspeed Venture Partners

    LivingSocial Co-Founder Aaron Batalion Joins Lightspeed Venture Partners

    Eight years ago, Aaron Batalion and three friends created a Facebook app called “Hungry Machine.” It was pretty successful…so successful that it turned into LivingSocial, which was one of the first startups to raise a “magical” billion dollars. (I refuse to use the creature’s name to describe this “club.”) Read More

  • Square’s S-1: Of Ratchets And Unicorn Valuations Crunch Network

    Square’s S-1: Of Ratchets And Unicorn Valuations

    Over the last 18 months, those of us following the venture and startup space have gone on a rollercoaster ride of mega rounds, unicorns, sky-high valuations and bubble fears. Look beyond the hyperbolic headlines and you’ll see that there is more than meets the eye to that shiny new unicorn valuation. Square’s recent IPO registration statement provides an opportunity to peel the… Read More

  • NY State Rules Daily Fantasy Illegal, Ordering FanDuel And DraftKings To Stop Taking Bets

    NY State Rules Daily Fantasy Illegal, Ordering FanDuel And DraftKings To Stop Taking Bets

    Today, the NY Attorney General dropped a bomb on daily fantasy sports sites like FanDuel and DraftKings. Sites like them have been categorized as “illegal gambling sites” and have ordered them to cease taking money from the residents of New York state. The official cease-and-desist notices have been delivered. BREAKING: NY Attorney General determines that FanDuel & DraftKings… Read More

  • Megan Quinn Heads To Spark Capital As GP To Focus On Growth Stage Investing

    Megan Quinn Heads To Spark Capital As GP To Focus On Growth Stage Investing

    Today, investor Megan Quinn shared that she’d be joining Spark Capital as a general partner for its growth stage fund (its first), which we covered last year. Quinn stepped down from KPCB this year after nearly three years with the firm. Read More

  • Banks Should Prepare For The Internet Of Things Crunch Network

    Banks Should Prepare For The Internet Of Things

    It is widely acknowledged that the Internet of Things (IoT) will have a huge impact on nearly every industry, and financial services is no exception. Gartner estimates that connected devices will reach an installed base of 25 billion units by 2020, with an annual compound growth rate of 35.2 percent from 2013-2020. Read More

  • Overstock.com Down 6% On 3rd-Quarter Earnings

    Overstock.com Down 6% On 3rd-Quarter Earnings

    Overstock.com reported third quarter earnings after the bell Monday. The Utah-based discount e-tailer reported a quarterly loss of 8 cents per share or $2.1 million, down from $1.6 million in profit last year. Overstock brought in $391.2 million in revenue, an 11% increase year-over-year, but beneath the Yahoo Finance analyst estimate of $401.6 million. A 9% increase in total orders coupled with… Read More

  • P2P Lending Is Profitable, Even In A Recession Crunch Network

    P2P Lending Is Profitable, Even In A Recession

    People often ask me how I went from building multiple companies in ad tech, music tech, data analytics and mobile advertising to being a lending fund manager. It didn’t happen overnight. In fact, it was almost a decade in the making. Here’s my story, and why I fell in love with P2P lending as an investment. Read More

  • Why Fintech Startups Aren’t Killing Banks — Yet Crunch Network

    Why Fintech Startups Aren’t Killing Banks — Yet

    “Fintech” is one of this year’s most ubiquitous buzzwords; it has spawned any number of colorful infographics about the future of finance and banking. Some of these are merely a collection of logos, while others represent a more structured attempt to classify this new generation of players taking on financial services. All, however, convey the same idea: Tech is coming… Read More

  • Mighty Is A Funding Platform For Personal Injury Lawsuits

    Mighty Is A Funding Platform For Personal Injury Lawsuits

    As anyone who has ever been in court knows, lawsuits are often a long, tedious process. This is especially true with lengthy personal injury litigation, during which the injured party is often unable to produce income. Powerful defendants commonly take advantage of this, offering lowball settlements in hopes that the plaintiff will settle out of necessity for a quick payout. The result is… Read More

  • Leveraging Technology To Make Credit Credible Crunch Network

    Leveraging Technology To Make Credit Credible

    The small-dollar credit (SDC) market — think payday and auto-title lending — is ripe for innovation and disruption. Most of the $44 billion industry consists of high-cost, low-quality products that lead people into cycles of repeat usage and mounting debt. Regulatory burdens, reputational risk and the tough economics of making small loans profitable have limited the supply of… Read More

  • CrunchWeek: Diversity, Candy, And Books Of Faces

    Welcome to another episode of CrunchWeek, TechCrunch’s weekly roundup show where we talk the biggest things in tech. This week we’re chatting about Twitter’s issues with diversity, Activision paying a lot of billions for the maker of the addictive game Candy Crush (hear Megan talk about her recovery), and Facebook’s earnings. They crushed it. So: As our resident… Read More

  • This Week On The TechCrunch Bitcoin Podcast: Price Fluctuations, And What Dimon Said

    This Week On The TechCrunch Bitcoin Podcast: Price Fluctuations, And What Dimon Said

    Hello and welcome back to a much-delayed episode of TCBTC, TechCrunch’s bitcoin podcast that went on accidental hiatus. John Biggs and I are back on the bitcoin beat. This time around, we dug into recent price fluctuations that have brought media attention back to the cryptocurrency. As we have noted before, the more that the price of bitcoin moves, the more than the public pays attention… Read More

  • 500 Startups Introduces Batch 15: Under-Sea Drones, Puppy Treats, And On-Demand Snow Plowing

    500 Startups Introduces Batch 15: Under-Sea Drones, Puppy Treats, And On-Demand Snow Plowing

    It seems like only yesterday that we were introducing you to 500’s Batch 14, but Summer is gone, the demos have been done, we’ve picked our favs and it’s time to introduce you to the next group going through 500’s accelerator — 500 Startups’ Batch 15. 500 Startups has a thesis of investing in many startups, some that they consider “unsexy,”… Read More

  • Bitcoin Fluctuates

    Bitcoin Fluctuates

    If you haven’t stared at the price of bitcoin over the past few days, you’ve missed some excitement. After spending large swaths of 2015 middling in the $200 range, bitcoin broke out, reached the $500 mark, and then gave up some of its gains. For bitcoin fans, seeing the price move is welcome. For traders, the vertical velocity must be appreciated as well. For the rest of us… Read More

  • GoDaddy Reports Q3 Earnings Beat On Revenue of $411M, Stock Jumps 7%

    GoDaddy Reports Q3 Earnings Beat On Revenue of $411M, Stock Jumps 7%

    GoDaddy just released its Q3 2015 earnings report, showing GAAP revenue of $411 million and a loss of $.04 per share. The street expected the company to report a loss of $.09 per share on revenue of $408 million, while the company itself expected third quarter revenue to be between $405-410 million. After trading flat all day, GDDY is up 7.47 percent after-hours to $29.50. This… Read More

  • Facebook Speeds Past 1.55 Billion Users And Q3 Estimates With $4.5B Revenue

    Facebook Speeds Past 1.55 Billion Users And Q3 Estimates With $4.5B Revenue

    Facebook’s growth continues as it hit 1.55 billion users and beat the street’s estimates in its Q3 2015 earnings with $4.5 billion in revenue and $0.57 earnings per share, up a big 11.3% from $4.04 billion last quarter. Facebook’s monthly user count was up sharply to 4.02% quarter over quarter from Q2’s 3.47% growth. That shows that while it might have hit sign-up… Read More

  • Tesla Hires Google VP Of Finance Jason Wheeler As New CFO

    Tesla Hires Google VP Of Finance Jason Wheeler As New CFO

    After earnings today, Tesla made a couple of executive announcements. First, it has named a new CFO, Jason Wheeler. Wheeler spent 13 years at Google as its VP of Finance and let its global finance function. He replaces Deepak Ahuja who announced his retirement early this year. Ahuja will stay on for a few months to help transition to Wheeler on November 30th. Here’s what Wheeler had to… Read More

  • TC Cribs: A Trip To The Love Nest, A Co-living Space For Bitcoin Enthusiasts

    This is a bit of an experimental Cribs episode this week. Stretch your wings and expand your understanding of life in startup land as I take you on a journey over to the Love Nest, a technology commune made mostly of bitcoin stars in Palo Alto, California. The Love Nest is a little Burning Man, a little startup incubator. Friends, co-founders and what the house calls “tech… Read More

  • Twitter Holds Post-Earnings Q&A On Periscope With CFO Anthony Noto

    Twitter Holds Post-Earnings Q&A On Periscope With CFO Anthony Noto

    Twitter is currently holding a post-earnings Q&A on Periscope. The guest? CFO Anthony Noto. The company took a bit of a nosedive after its Q3 earnings at the end of last month, so folks have questions. While it’s normal for companies to have follow-up discussions with analysts, this format is new for Twitter. Add that it’s being streamed on Periscope and there you have it —… Read More