Finance

  • Equity podcast: Musical.ly, Bumble, SendGrid and not Uber

    Equity podcast: Musical.ly, Bumble, SendGrid and not Uber

    Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week, the crew — Katie Roof and Alex Wilhelm — were joined by David Pakman, a partner at Venrock, who helped us dig through the news. And news there was. We first dug into the big Musical.ly deal, working to understand why the company was… Read More

  • Coinbase’s Custody service wants to store bitcoin for institutional investors

    Coinbase’s Custody service wants to store bitcoin for institutional investors

    Safely investing in and storing digital currency isn’t exactly easy, especially if you’re a large institutional firm. So to help, Coinbase just announced that they’re launching a service called Coinbase Custody, which will securely hold digital assets for institutional investors. Read More

  • Marketing email company SendGrid raises $131 million after pricing its IPO at $16

    Marketing email company SendGrid raises $131 million after pricing its IPO at $16

    SendGrid, the Denver-based marketing email company, raised $131 million after pricing its IPO at $16, above the expected range of $13.50 to $15.50. The company also upsized its IPO, selling 8.2 million shares, instead of 7.7 million. The company begins trading Wednesday on the New York Stock Exchange, under the ticker, “SEND.” SendGrid helps businesses send marketing emails. It says… Read More

  • MasterCard has filed a patent on its own blockchain-based money transfer solution

    MasterCard has filed a patent on its own blockchain-based money transfer solution

    In about 2014, most bitcoin companies quickly pivoted to the “next big thing:” blockchain. Among them were the financial and fintech houses that were eager to avoid SEC scrutiny of their cryptocurrency holdings but were happy to use blockchain technology to speed up transaction times. Many of those early efforts are now apparently bearing fruit. Read More

  • Unpacking Lyft’s projected financials Crunch Network

    Unpacking Lyft’s projected financials

    Last Friday, Bloomberg reported a sheaf of Lyft’s financials that paint a reasonably-sharp picture of the ridesharing company’s past and expected business performance. The short version, as you certainly expected, is that Lyft is growing quickly and loses money. The company, as you certainly expected, also expects to keep expanding its revenue while slowing its losses… Read More

  • Poshmark raises $87.5 million for fashion resale marketplace

    Poshmark raises $87.5 million for fashion resale marketplace

    Poshmark, the app for fashion consignment, has raised another $87.5 million in funding led by Singapore-based Temasek. Menlo Ventures, GGV Capital, Mayfield and others also participated. Having raised $160 million to date, the startup is well-capitalized and plans to use the money to build out its stylist-matching technology. Poshmark is launching voice integration with Amazon’s… Read More

  • SoftBank could still walk away from Uber

    SoftBank could still walk away from Uber

    Uber said Sunday that it agreed to move forward on a proposed investment from SoftBank Group. But SoftBank Investment Advisors sent a statement to reporters on Monday on behalf of CEO Rajeev Misra, emphasizing that it could still walk away. Read More

  • Senate plans disastrous tax on vesting that could kill stock compensation

    Senate plans disastrous tax on vesting that could kill stock compensation

    A proposed tax that charges people as their startup equity vests instead of when they cash it out and actually have money to pay the taxes could wreck how tech companies recruit talent. And the industry doesn’t have much time to mobilize to get this tax changed. Read More

  • Roomi raises $11 million to find you a roommate

    Roomi raises $11 million to find you a roommate

    Looking for a roommate on Craigslist can be cumbersome. And it can be difficult to determine what the person will be like in real life. A startup called Roomi thinks it has a better solution for finding people to live with. Its app and website help you search for apartment listings with background-checked profiles from the tenants. It also pulls data from social media, like photos and… Read More

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