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Fueled by Redpoint and Barney Pell, GetAround Zooms Toward Series A
In 2009, as students at 2-year-old Singularity University in Sunnyvale, Calif., budding entrepreneurs Jessica Scorpio (pictured) and Sam Zaid had 10 weeks to produce the kind of idea that could...
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UPDATED: Airbnb and the Hype Factor
Airbnb is on a tear. Three years after the San Francisco-based company began inviting real people to list for rent their homes and apartments, castles and houseboats, users have booked 1.9 million...
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Slideshow: Who’s Investing Faster — DST or Andreessen Horowitz?
If this year already seems like a blur to you, imagine how the LPs of Andreessen Horowitz and Digital Sky Technologies (DST) must feel. Both venture capital firms are known for aggressively placing...
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Revenue Up, Profits Down: Why Barriers to Entry Still Matter
Yesterday, it came to light that a San Francisco-based freelance writer used the peer-to-peer vacation rental Website Airbnb to disastrous effect last month. Among other damage to her apartment were...
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Top 10 Stories Include Shakeup at Friedman Fleischer & Lowe, McNamee’s Sudden...
Time to catch up on the blog posts and news items that your peers found most interesting on peHUB this week. Following are the top 10 posts that garnered the most pageviews from regular readers from...
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Done Deal? Has Washington averted disaster? We Smell a Rat: Is Dook Duke guilty of shady recruiting? Snitchin’: Ex-SAC manager to do time Cuts-a-Comin: HSBC to slice jobs Airbnbeatdown: The travel...
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What Not to Do in a Crisis – Lessons from the Airbnb Fiasco
Stock concept photo. The CEO of hot VC-backed startup Airbnb today issued a public apology for how the online home rental service responded when one of its customers had her home trashed and identity...
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Slideshow: If You Thought Airbnb’s PR Crisis Was Bad…
The rental agency Airbnb issued a lengthy public apology yesterday afternoon, following days of dreadful press spawned by the story of “EJ,” a customer whose home was ransacked by someone who’d rented...
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Top 10 Slideshows This Week Focus On Fund Returns, PR Disasters, Textbook Deals
Want to catch up on the slideshows that your peers found most interesting on peHUB this week? Here are the top 10 slideshows that garnered the most pageviews from regular readers from Aug. 1 to Aug....
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SV Angel Heads Back to Its LPs in Search of $40 Million
SV Angel is in the market for a fresh $40 million, according to an SEC filing first spied by TechCrunch. The San Francisco-based venture firm – which was founded by Silicon Valley’s “Godfather” of...
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Y Combinator Shrinks Its Winter Class
Y Combinator is paring back its 2013 winter class to less than 50 startups, saying it grew too fast earlier this year. The startup accelerator said in a blog post this week that it became more...
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FundersClub Raises $1.1M Fund To Invest In Y Combinator Startups
Ron Conway may have stepped back from funding Y Combinator startups, but FundersClub has stepped up. The online platform for seed investing said it raised a $1.1 million fund to invest in Y Combinator...
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VCs and Startups Call for More H-1B Visas, But Some Say Talent Shortage is...
(Reuters) – As the wrangling over immigration reform intensifies in the Congress, the tech industry is lobbying hard to raise the limit on H-1B visas, which allow non-U.S. citizens with advanced skills...
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Analysis: Twitter may kick-start consumer-tech IPO train — Reuters
Since Facebook Inc’s messy initial public offering more than a year ago, the buzz in technology investment has mostly surrounded companies serving businesses rather than consumers — a situation...
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Crunch the numbers and it seems possible–$500 bln in venture returns in 10 years
It is no secret that fundamental shifts are taking place in technology. Cloud computing, big data analytics and ubiquitous mobile connectivity are all at the top of the transformative list, along with...
View ArticleAirbnb in funding talks valuing it at about $10 billion – WSJ
(Reuters) – Online home-rental marketplace Airbnb Inc is in advanced talks with private equity firms including TPG Capital Management LP to raise funds that would value the company at about $10...
View ArticleVCs invest $9.5 bln in Q1 as deal sizes rise
Venture capitalists in the United States put more money to work in the first quarter with a boost in expansion-stage and mega-scale transactions leading to a substantial lift in average deal size....
View ArticleMost NYC listings on Airbnb could be illegal — AG: Reuters
Two-thirds of the New York City listings on Airbnb, a popular online home rental marketplace, could be illegal, the state attorney general said on Monday in his latest move investigating the venture....
View ArticleProof that Silicon Valley is in a venture capital bubble: VCJ
Young companies such as Dropbox, Evernote and Airbnb win multi-billion-dollar valuations. Massive hundred-million-dollar-plus rounds funnel to Lyft, Uber and Pinterest. For months, years, in fact,...
View ArticleAirbnb inks $475 mln from Sequoia and Andreessen Horowitz
According to an SEC Form D filing, online home rental marketplace Airbnb has raised $475 million in funding. Alfred Lin of Sequoia Capital and Jeff Jordan of Andreessen Horowitz were named in the...
View ArticleTop 10 posts: venture capital
We’re changing things up a bit to help readers find more great stuff. The top 10 is now available in two editions: one for venture capital and one for private equity. The VC version appears on...
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The party’s over: steep sell-off spreads fear to Wall Street. Score one for the White House: AbbVie board recommends shareholders vote against Shire acquisition. A new report says that Texas Teacher...
View ArticleAirbnb valued at $13 billion as it discusses employee stock sale: WSJ
(Reuters) – Online home-rental marketplace Airbnb Inc valuation is set to be valued at $13 billion, up from its $10 billion valuation in March this year, as it discusses an employee stock sale,...
View Article‘Category Kings’ are better than unicorns
In the dog-eat-dog world of venture capital, if you’re not backing the winner, there’s no point investing in the No. 2. That’s one of the takeaways in a new study published Thursday by San...
View ArticleGeneral Atlantic leads $250 mln Series B round for Dutch start-up Adyen
General Atlantic has led a $250 million Series B funding round for Dutch payments start-up Adyen, putting it at a $1.5 billion valuation. The other investors were Temasek, Index Ventures and Felicis...
View ArticleFormation 8 adds new partner to team
Singapore-based investor Joel Sng has joined Formation 8 as a partner, the company announced in a blog post on its site. Sng’s portfolio of investments include Facebook, Uber, Xiaomi, Razer, SF...
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Snapchat starts the year by raising $485.6 million in new funding. Searchers find AsiaAir jetliner with bodies still strapped into their seats. U.S. hits North Korea with new sanctions after the Sony...
View ArticleTPG Growth Fund III raises more than $3 bln
TPG Growth said Monday that its third fund surpassed its $2.75 billion target and closed at over $3 billion. TPG Growth III will invest in small- and mid-sized growth companies. Past and current...
View ArticleUnicorn deals offer venture investors plenty of downside protection
Big money unicorn financings seem profligate to many outsiders and to an increasing number of venture capitalists, but investors placing tens of millions of dollars with these fast growing companies...
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South Africa’s Brait buys Britain’s New Look for $1.2 billion. Honda recalls nearly five million vehicles with Takata airbags. GM plans $1 billion makeover for venerated Warren Tech Center. Computer...
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Takata airbag recalls grow to almost 34 million. PayPal to pay $25 million in refunds and penalties Airbnb moves into professional vacation rentals. U.S. charges six Chinese nationals with economic...
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Pentagon accidentally sent live anthrax samples to labs via FedEx. Buyout group Cinven to buy France’s Labco for $1.3 billion, says source. F.C.C. Chief seeks broadband plan to aid the poor. Jawbone...
View ArticleAirbnb closes in on $1.5 billion fundraising: FT
(Reuters) Online home-rental marketplace Airbnb Inc is closing on a $1.5 billion fundraising that would boost the company’s valuation to $24 billion, the Financial Times reported. The financing is set...
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Greece is set to present new proposals to eurozone leaders. Saudi Arabia to invest record $10 billion in Russia 3i Infrastructure and AMP Capital to buy Esvagt for $607 mln Uber seeks police protection...
View ArticleEven in a strong quarter for investments, VCs show a sign of caution
On the surface, venture investors showed little let up in the second quarter, when invested dollars jumped as much as 30 percent and 26 deals took place of $100 million or more. But the quarterly...
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Jobless claims in U.S. fall to lowest level in four decades. Turkey to allow U.S. strikes against ISIS from its soil Nikkei to buy Financial Times for $1.3 billion France’s Technicolor to buy Cisco’s...
View ArticleAirbnb hires Blackstone CFO Tosi: Bloomberg
(Reuters) Airbnb Inc, the website where home owners rent out properties on a temporary basis, has hired Blackstone Group LP Chief Financial Officer Laurence Tosi to fill its own CFO vacancy, Bloomberg...
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U.S. Olympic Committee kills Boston’s bid for 2024 Summer Games. At least 20 are dead and 10 are wounded in an Afghan wedding gunfight. Alstom to lower price of energy assets in sale to GE New York...
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Hackers release data from cheating website Ashley Madison online. The FDA approves Addyi, a libido pill for women. German parliament overwhelmingly approves third Greek bailout. Snapdeal confirms $500...
View ArticleAirbnb partners with China Broadband, Sequoia to expand in China: Reuters
(Reuters) — Online home-rental marketplace Airbnb Inc said on Tuesday it was partnering with investment firms China Broadband Capital and Sequoia China to expand into the Chinese market and find a...
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Schlumberger to buy Cameron in $14.8 billion deal. Steep swings for Chinese shares as global markets turn mixed. But despite this, U.S. markets are poised to open higher today. China central bank...
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After 66 years, China and Taiwan say they’ll meet. BlackRock to buy Bank of America’s $87 billion money-market fund business. Ohio votes against measure to legalize marijuana in the state. Tesla hires...
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A Modigliani painting sells $170.4 million at Christie’s, joining rarefied nine-figure club. Appeals court rules against Obama’s immigration plan. Bank of America cuts off finance sites from its data....
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Takata airbag flaw linked to 10th death; five million more vehicles are recalled. Goldman Sachs to award CEO Blankfein $23 million in stock and cash for 2015 Stocks and oil rally on stimulus hopes....
View ArticleGeneral Catalyst closes eighth venture fund at $845 mln
General Catalyst has raised $845 million for its eighth venture fund, according to a blog post on its site. With offices in Cambridge, Massachusetts, New York City and Palo Alto, California, the...
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