Los Angeles

  • Rover and DogVacay merge to dominate the pet-sitting market

    Rover and DogVacay merge to dominate the pet-sitting market

    Putting an end to a fierce competition to dominate the pet-sitting business, Rover and DogVacay have agreed to join forces. Rover will be acquiring DogVacay in an all-stock deal. Read More

  • Snap has already tumbled 11% on day four

    Snap has already tumbled 11% on day four

    Snap, the parent of Snapchat, had a great first two days on the stock market, only to be followed by two terrible ones. Shares quickly tumbled to beneath $22, a more than 11 percent drop in morning trading. This means that most investors are already losing money on the social media company. Snap opened Thursday at $24 per share. It is still above its $17 IPO price, but that’s… Read More

  • Snapchat soars again on second day of trading

    Snapchat soars again on second day of trading

    Snap Inc., the parent of Snapchat, has been off to the races with its debut on the stock market. Yesterday, the stock closed at $24.48, a 44% gain from the IPO price of $17. And today it’s gone up a bit further, surpassing $29 at one point, an almost 20% increase from the close of yesterday. Shares later fell to $27, but it’s still on track for a 10% gain for day two. This… Read More

  • Snap stock finishes up 44% on first day

    Snap stock finishes up 44% on first day

    Snap, the parent company of Snapchat, had a great day in its debut on the New York Stock Exchange. After pricing the IPO at $17 per share yesterday, the stock opened at $24. It then closed the day at $24.48, a 44 percent premium to the people who bought it yesterday. But like with all IPOs, not everybody got to access Snap’s IPO price. This is usually reserved for a smaller group… Read More

  • Could Snapchat lead to more tech IPOs?

    Could Snapchat lead to more tech IPOs?

    When Snap prices its IPO after the closing bell today, it will be the first tech company to go public this year. It will also be the largest tech company to go public in the U.S. since Alibaba debuted in 2014. Because of the dearth of recent tech offerings, all eyes will be on the Snapchat parent to see what it means for the “IPO window.” The performance of large tech offerings… Read More

  • Snap takes aim at Facebook in roadshow video

    Snap takes aim at Facebook in roadshow video

    Snap is about to embark on its investor roadshow as it prepares to go public at the beginning of March. And a new video gives a glimpse at how they will be trying to persuade Wall Street to buy shares. The video starts off with CEO Evan Spiegel emphasizing their mission as a “camera company.” He compares Snap’s video experience to Alexander Graham Bell’s invention of… Read More

  • Ozobot raises $3 million for toys that teach kids coding basics off-screen

    There are many toys on the market today that promise to teach kids programming skills, and a good percentage require the use of a connected tablet or smartphone. At a time when parents are already struggling to keep kids’ screen time to a minimum, father and entrepreneur Nader Hamda wanted to build something different. He also observed a lot of expensive educational toys on the market… Read More

  • CEO Evan Spiegel’s Snap ownership is worth about $3.5 billion

    CEO Evan Spiegel’s Snap ownership is worth about $3.5 billion

    Snapchat parent Snap Inc. has finally revealed its long-awaited IPO filing. The social messaging company, which plans to go public in early March, just shared details about its growth trajectory and financials.  And while we knew that Snap has raised at least $2.4 billion in capital from a long list of investors, we now know the ownership percentages. We also know the pre-IPO values of… Read More

  • Cuban: “Just plain stupid” to not go public

    Cuban: “Just plain stupid” to not go public

    Billionaire entrepreneur Mark Cuban spoke on stage at the Upfront Summit in Los Angeles on Thursday, where he voiced concern about the lack of tech IPOs recently. “I don’t understand the reticence to going public,” he said. “It’s just plain stupid.” After a slow 2016, there have yet to be any tech IPOs in 2017. AppDynamics was supposed to debut in January… Read More

  • Snap to list on New York Stock Exchange

    Snap to list on New York Stock Exchange

    Snap, the parent of Snapchat, will be listing on the New York Stock Exchange, TechCrunch has confirmed. The news was first reported by the Wall Street Journal. This means that you can expect to see a big Snapchat banner on Wall Street and that executives will probably be ringing the opening bell when the company debuts, likely in March. The move sends the message that Snap wants its IPO… Read More

  • GumGum Sports helps teams and advertisers calculate the value of sponsorships

    GumGum Sports helps teams and advertisers calculate the value of sponsorships

    While GumGum is best-known as an in-image advertising company, CEO Ophir Tanz told me, “Advertising, in my mind, was just one aspect of what we did.” In other words, he sees plenty of other applications for GumGum’s computer vision technology, which is why the company released a social media product earlier this year, and why it’s now launching GumGum Sports. The aim… Read More

  • Musical.ly defends its handling of young users, as it races past 40M MAUs

    Musical.ly defends its handling of young users, as it races past 40M MAUs

    The CEO of Musical.ly, the lip syncing app that’s become a major with youngster worldwide, has defended the way it manages its users, some of whom are younger than 13 years, while also revealing that the service now has over 40 million monthly active users. Read More

  • Megan Ellison’s Annapurna Pictures moves into video game publishing

    Megan Ellison’s Annapurna Pictures moves into video game publishing

    Annapurna Pictures, the production company behind films including Zero Dark Thirty and Her, is launching a new division focused on video game development and publishing. Annapurna was founded by Megan Ellison, daughter of Oracle co-founder Larry Ellison, and has developed a reputation for writing relatively large checks for arty, director-driven films — though it’s also faced… Read More

  • BlackLine surges 40% in software IPO

    BlackLine surges 40% in software IPO

    BlackLine, a Los Angeles-based accounting software company, debuted in the U.S. markets Friday. After pricing at $17 per share, the stock closed at $23.70. In what has been a slow year for tech IPOs, BlackLine decided to go public right now because it’s “part of a longer term plan to raise awareness for what we do,” said CEO Therese Tucker. She said the IPO, which raised… Read More

  • With its first VR series, CollegeHumor gives a completely accurate overview of presidential history

    With its first VR series, CollegeHumor gives a completely accurate overview of presidential history

    How do you make things funny in virtual reality? That’s the question CollegeHumor is exploring with 1600 in 360°, a new video series depicting some of the, um, highlights of U.S. presidential history. Apparently, Google approached IAC-owned CollegeHumor about creating 360-degree content for YouTube and for its DayDream VR platform. Sam Reich, president at CollegeHumor’s… Read More

  • Klout’s Joe Fernandez is back with Joymode, an equipment rental startup with a focus on experiences

    Klout’s Joe Fernandez is back with Joymode, an equipment rental startup with a focus on experiences

    Joymode is a startup for people who want to do fun things like host a backyard movie night or go on a camping trip — but don’t necessarily want to buy all the requisite equipment, especially if they’re only going to use it once. The company was founded by Joe Fernandez, Waynn Lue and Keith Walker. Fernandez previously founded social influence startup Klout and sold it to… Read More

  • Google acquires FameBit to connect YouTube creators with marketers

    Google acquires FameBit to connect YouTube creators with marketers

    Google just announced that it has acquired FameBit, a marketplace that connects video creators with marketers who want to sponsor their content. This could be an important step for Google’s YouTube, where monetization has been a big concern — not just for YouTube as a whole, but also for individual creators. YouTube has been working to provide more support on this front through… Read More

  • Co-founder Antti Pasila becomes CEO at programmatic ad company Kiosked

    Co-founder Antti Pasila becomes CEO at programmatic ad company Kiosked

    Kiosked, a company that dynamically inserts ads into a publisher’s content, has a new CEO — co-founder Antti Pasila. Pasila, who previously served as the company’s chief strategy officer, said his appointment is part of a broader shift: “The key thing is, we’re focusing our resources on the supply side.” In other words, while there are no plans to get rid… Read More

  • DogVacay inches toward profitability with pet-sitting business

    DogVacay inches toward profitability with pet-sitting business

    Known as an “Airbnb for dogs,” Santa Monica-based DogVacay has spent almost five years building a robust dog-sitting business. Betting that owners were looking for better solutions for boarding their pets, DogVacay created a platform that made it easier to find and book affordable care. From overnight stays to dog walking, DogVacay offers a range of services in regions throughout… Read More

  • Scoop gets Bay Area cities to pick up the tab for carpooling to alleviate traffic jams

    Scoop gets Bay Area cities to pick up the tab for carpooling to alleviate traffic jams

    A startup that matches riders with drivers for paid and pre-scheduled carpooling, Scoop, has inked a deal with two big towns in the increasingly congested commuter hubs in the San Francisco Bay Area, Foster City and San Mateo. With this deal, each city is subsidizing carpoolers’ rides so that passengers only have to pay $2 each way, and will ostensibly refrain from driving solo or… Read More

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