• GGV Capital Is Raising A Giant New Fund

    GGV Capital Is Raising A Giant New Fund

    GGV Capital, a 15-year-old, cross-border venture fund that invests in both U.S. and China-based companies, is raising a giant new fund, shows a new SEC filing that lists a target of $880 million dollars and states that the first sale has yet to occur. (Senior Editor Dan Primack of Fortune says the fund may ultimately exceed $1 billion.) Either figure would represent an enormous increase… Read More

  • Google Is Reportedly Building A Standalone VR Headset Not Powered By A PC Or Smartphone

    Google Is Reportedly Building A Standalone VR Headset Not Powered By A PC Or Smartphone

    Google may be preparing a consumer virtual reality headset for a release as early as this year that defies existing categorizations and doesn’t rely on a PC or mobile phone as the central brain, the WSJ reports. Rumors have been bubbling up on the company’s VR hardware ambitions over the last few weeks. The Financial Times reported a few days ago that Google would be… Read More

  • Zenefits Under Investigation In California

    Zenefits Under Investigation In California

    The hits just keep on coming at the embattled cloud human resources software provider Zenefits, as the California Department of Insurance has begun an investigation into its licensing practic Read More

  • Uber Proposes $28.5 Million Settlement Over Safe Ride Fee Class Action Lawsuit

    Uber Proposes $28.5 Million Settlement Over Safe Ride Fee Class Action Lawsuit

    Uber is asking the U.S. District Court for the Northern District of California to settle two cases: Philliben v. Uber Technologies, Inc. and Mena v. Uber Technologies, Inc., which have since been consolidated into one case on behalf of Uber passengers seeking restitution for every $1 Safe Rides fee charged to every Uber customer in the U.S. Read More

  • Groupon Soars 23% On Favorable Earnings

    Groupon Soars 23% On Favorable Earnings

    Not dead yet, deal site Groupon soared 23% in initial after-hours trading, following a better-than-expected fourth quarter earnings release. The company beat revenue forecasts, bringing in $917 million, instead of the anticipated $846 million, and a 9% year-over-year increase.  Adjusted earnings per share was a four cents, whereas Wall Street was expecting zero. This is quite the bright spot… Read More

  • Pandora Has Mixed Q4 Earnings With $336M Revenue And 3.8% Growth To 81.1M Listeners

    Pandora Has Mixed Q4 Earnings With $336M Revenue And 3.8% Growth To 81.1M Listeners

    Amidst rumors that it’s trying to sell itself, Pandora missed on its Q4 2015 earnings report where it said it had 81.1 million listeners, up from 78.1 million in Q3 but down from 81.5 million a year ago. Pandora saw $336 million revenue and $0.04 earnings per share, compared to expectations of $332 million and $0.07 EPS. Q4 total listening hours hit 5.37 billion, up 4.5%… Read More

  • Startups Selling To Other Startups: A House Of Cards? Crunch Network

    Startups Selling To Other Startups: A House Of Cards?

    “Don’t put all your eggs in one basket,” the saying goes. Well, if you’re running a startup that sells to other startups, you might be putting all your eggs in one blender. B2B companies whose customers are other early stage B2B companies put themselves doubly at risk: Not only are startups failure-prone by nature, but an early stage company with strong fundamentals… Read More

  • Sleep++ 2.0 Proves That There’s Still A Market For Apple Watch Apps

    Sleep++ 2.0 Proves That There’s Still A Market For Apple Watch Apps

    The Apple Watch was supposed to become the new thriving platform and App Store for third-party apps. 10 months later, it’s hard to name popular Watch apps. And there are reasons why the Apple Watch App Store isn’t as vibrant as the iOS App Store. But some developers, such as David Smith, have found ways to make your Watch more useful. Read More

  • Watch OK Go Fly Weightless In Their New Music Video

    Watch OK Go Fly Weightless In Their New Music Video

    The band OK Go released their latest creative music video and this one was taken on a parabolic airplane tens of thousands of feet in the sky. The video, which features OK Go floating in weightlessness, was for their song “Upside Down & Inside Out.” OK Go, who is famous for producing highly creative and meticulously choreographed videos, partnered with Russian airliner… Read More

  • Drive Motors Lets You Actually Buy A Car Online. How Did This Not Exist?

    Drive Motors Lets You Actually Buy A Car Online. How Did This Not Exist?

    No one wants to go to a car dealership. We’re in the era where everything can be done online, so it’s crazy you can’t buy a new car straight from the web. Every site and startup that claims to help you do that just dumps you on a contact form to request more info or a meeting with a car dealer. But Drive Motors does exactly what you imagine should already happen. It’s… Read More

  • PayPal Commerce Matches Stripe With PayPal’s Own Native Shopping Toolkit For Apps

    PayPal Commerce Matches Stripe With PayPal’s Own Native Shopping Toolkit For Apps

    PayPal’s first acquisition after it separated from eBay in 2015 was of a young startup called Modest, which had built a platform for small businesses to integrate buy buttons across third-party apps. Now, PayPal is taking the wraps off a new product that will integrate Modest’s technology. PayPal Commerce — as the new service is called — launches today in closed… Read More

  • Instagram Reveals Video View Counts To Score Creators And Ad Dollars

    Instagram Reveals Video View Counts To Score Creators And Ad Dollars

    Video is booming on Instagram with watch time up 40% in 6 months, so now it’s trying to lure the best video makers and marketers from competitors like Vine and YouTube. Over the next few weeks, Instagram will begin showing view counts on videos where the Like number used to be, though you can still click through to see the heart count. As on Facebook, 3 seconds counts as a view. With… Read More

  • Einstein’s Gravitational Waves Have Been Detected For The First Time

    Einstein’s Gravitational Waves Have Been Detected For The First Time

    “We have detected gravitational waves.” David Reitze, LIGO Laboratory Executive Director Today, scientists announced that, for the first time in history, gravitational waves have been detected. Gravitational waves are ripples in spacetime throughout the universe. What’s truly remarkable about this discovery is that Albert Einstein predicted the existence of gravitational… Read More

  • Tunisia Is Becoming The Middle East’s Next Startup Hub Crunch Network

    Tunisia Is Becoming The Middle East’s Next Startup Hub

    Since the Arab Spring in 2011, Tunisia’s new democracy has struggled to enact prudent economic policy to provide employment and opportunity for its young, growing population. Unemployment is currently at 15 percent, with one-third of jobless youth being university graduates. To overcome the education-employment gap, young Tunisians are taking matters into their own hands. Talented… Read More

  • Time Inc Acquires Viant, Owner Of Myspace And A Vast Ad Tech Network

    Time Inc Acquires Viant, Owner Of Myspace And A Vast Ad Tech Network

    It looks like Myspace is becoming a big-media property once again. Today during its quarterly earnings report, Time Inc announced that it has acquired Viant, a profitable company that has built a large ad tech business, but also owns other properties, including once-hot social networking site Myspace. Terms of the deal are not being disclosed. As part of it, Time Inc will become a majority… Read More

  • Facing An Array Of Challenges, Autodesk Shifts To Subscription Pricing

    Facing An Array Of Challenges, Autodesk Shifts To Subscription Pricing

    Autodesk has been around the block a few times, having debuted way back in 1982 in the earliest days of the desktop PC. These days, the company is in the midst of a major transition from a licensing model to a subscription model, while juggling the assortment of challenges a change like this brings to a mature company. It would be wrong to characterize this is as a total cloud pivot, however. Read More

  • The Money In Open-Source Software Crunch Network

    The Money In Open-Source Software

    It’s no secret that open-source technology — once the province of radicals, hippies and granola eaters — has gone mainstream. According to industry estimates, more than 180 young companies that give away their software raised roughly $3.2 billion in financing from 2011 to 2014. Despite the growing popularity of open-source software, though, many open-source companies are… Read More