Los Angeles

  • Snap falls below its IPO price for the first time

    Snap falls below its IPO price for the first time

    Oh Snap. The Snapchat parent had a difficult day on the stock market, closing at $16.99. It’s officially fallen below its $17 IPO price for the first time. This is significant because it means that overall, public investors have lost money on the company since its March IPO. A money-losing reputation can be hard to recover from. Read More

  • Clutter raises $64 million to store what won’t fit in your closet

    Clutter raises $64 million to store what won’t fit in your closet

    If you heard venture investors were pouring tens of millions into storage, you might think it was cloud storage or flash storage. But that’s not the kind of storage we’re talking about with Clutter. The Los Angeles-based startup, which helps customers store their physical belongings like clothing and furniture, has closed a $64 million funding round from big name investors. The… Read More

  • These are the three things one Silicon Valley VC wants to hear on Snap’s first earnings call tomorrow

    These are the three things one Silicon Valley VC wants to hear on Snap’s first earnings call tomorrow

    Goodwater Capital has been trying to stake out new territory for itself by publishing a steady stream of research and tools that help inform both competing firms and startup founders. One of those pieces of research was a detailed snapshot of Snap. Armed with fresh survey data, firm co-founder Eric Kim says he’ll be listening for three things on Snap’s first earnings call. Read More

  • Cover raises $1.6 million to make in-law units easy to add to any backyard

    Cover raises $1.6 million to make in-law units easy to add to any backyard

    Whether you call them granny units, in-laws or backyard studios, accessory dwelling units are rising in popularity in the U.S., in part due to new regulations that make it easier to obtain permits to build them in California. Now, a startup called Cover Technologies Inc. has raised $1.6 million in seed funding to give accessory dwelling units a high-tech makeover. Read More

  • A new venture firm focused on real estate has raised $212 million from real estate industry giants

    A new venture firm focused on real estate has raised $212 million from real estate industry giants

    L.A.-based venture firm Fifth Wall Ventures invests in startups that are benefiting from changes in the real estate market, and they turned to the country’s largest real estate companies to fund it. Read More

  • Robot tutor Musio makes its retail debut in Japan

    Robot tutor Musio makes its retail debut in Japan

    A cute, robotic language tutor called Musio, has made it from crowdfunding campaign to full-fledged product with a debut in stores this week in Japan. Priced at JPY 98,000 (about US $900), Musio is now sold online through SoftBank’s marketplace and Amazon Japan, and through a handful of brick-and-mortars stores. Read More

  • 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

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