finance

  • Do VC woes extend to portfolio companies? For Rothenberg, probably not Crunch Network

    Do VC woes extend to portfolio companies? For Rothenberg, probably not

    As VC brands go, Rothenberg Ventures has seen better days. The firm built up a reputation as an up-and-coming early-stage investor. But Silicon Valley soured on Rothenberg Ventures last year; lawsuits ensued. So it hasn’t been a good year for Mike Rothenberg. But what about the Rothenberg Ventures portfolio? Read More

  • The US-based tech company that just went public in London Crunch Network

    The US-based tech company that just went public in London

    Boku, a U.S.-based carrier billing company, listed on the London Stock Exchange’s Alternative Investment Market recently, selling £45 million in stock. Only about one-third of those shares were from the company, however, with the rest sourced from extant shareholders. Let’s peek into the Boku offering to see what happened and what we might learn from it. Read More

  • What is an IPO pop and why do VCs hate it so much?

    What is an IPO pop and why do VCs hate it so much?

    Over the weekend, several VCs tweeted that my headline recapping Stitch Fix’s first day of trading was too harsh. The headline read, “Stitch Fix up just 1% on first day of trading, after reducing size of IPO.” I didn’t say it “fumbled” or label it as “weak” and “disappointing” like many other media publications, but that would… Read More

  • Stitch Fix gets a pop in its public trading debut

    Stitch Fix gets a pop in its public trading debut

    Stitch Fix revised where it would price its IPO lower last night ahead of trading, and it looks like it helped approach the right sweet spot as a result when it made its debut today. The company saw around a 15% pop in its stock when it began trading this morning — the benchmark companies tend to look to hit when they go public is around 20% — and fell around the lower bounds of… Read More

  • Where and why venture capitalists invest close to home Crunch Network

    Where and why venture capitalists invest close to home

    Public market investors have the luxury of being able to make, invest and move their money anywhere they’d like. But the same isn’t true for startup investors, who, if conventional wisdom is to be believed, tend to invest relatively close to home. Read More

  • Hear from leading venture capitalists at Disrupt Berlin

    Hear from leading venture capitalists at Disrupt Berlin

    TechCrunch Disrupt is returning to Berlin this December, and among the founders and developers speaking, we’re pleased to have leading venture capitalists on stage to talk about fundraising, entrepreneurship and the trends they’re looking to fund. The show is jam-packed, and just like every Disrupt, the focus is on startups and the bleeding edge of technology. Fifteen startups… 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

  • Uber agrees to move forward with proposed multi-billion dollar SoftBank deal

    Uber agrees to move forward with proposed multi-billion dollar SoftBank deal

    Uber has agreed to move forward with the long-anticipated SoftBank Group investment, a spokesperson confirms to TechCrunch. We’ve been provided the following statement. “We’ve entered into an agreement with a consortium led by SoftBank and Dragoneer on a potential investment. We believe this agreement is a strong vote of confidence in Uber’s long-term potential. Read More

  • Twilio competitor Bandwidth up 6% following IPO

    Twilio competitor Bandwidth up 6% following IPO

    Bandwidth, a company that helps businesses with voice and text communication, debuted on the Nasdaq on Friday, going up about 6 percent on its first day of trading. After pricing its IPO at the bottom of the expected range at $20 per share, the company closed Friday at $21.19, or up about 6 percent. Read More

  • Redfin shares fall 7% after real estate earnings disappoint

    Redfin shares fall 7% after real estate earnings disappoint

    Redfin, the real estate brokerage site, saw its shares tumble about 7 percent in after-hours trading, shortly after sharing its earnings. The newly public business may have disappointed Wall Street, but it’s still growing. Revenue was up 35 percent from last year and net income nearly doubled, from $5.7 million to $10.6 million. Read More

  • Nvidia’s huge run continues as its data center business surges

    Nvidia’s huge run continues as its data center business surges

    Nvidia continues to ride the wave of a myriad of huge success stories for the company, like the rapid adoption of the Nintendo Switch and demand for technology to power AI computation within data centers, as it saw yet another quarter where its business continued to expand significantly. It’s a wave that’s tripled Nvidia’s stock in the last year. Nvidia’s… Read More