Startups
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Jack Dorsey Owns 24.4% of Square
Square’s newly revealed IPO filing shows that co-founder and CEO Jack Dorsey is the largest shareholder, owning 24.4% of the company. Square last raised capital at a $6 billion valuation, implying that Dorsey’s stake is worth at least $1.46 billion. We will get a better sense of what Square’s value as a public company when its expected share price range is revealed in the… Read More
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Square’s IPO Filing Lists Jack Dorsey’s CEO Role At Twitter As A Risk Factor
Square filed for its initial public offering today — and buried in the company’s boilerplate risk factors was a big one: CEO Jack Dorsey’s relationship with Twitter. Here’s the whole part of the section on depending on key management: “Our future success is significantly dependent upon the continued service of our executives and other key employees. If we lose… Read More
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Venky Harinarayan On E-Commerce And Focus
Venky Harinarayan, is an e-commerce veteran who co-founded comparison shopping engine Junglee (acquired by Amazon in 1998), worked closely with Jeff Bezos to create Amazon Marketplace, created topical guide to the Web Kosmix (now known as Walmart Labs), and served as angel investor in companies such as Facebook and Lyft. He has just launched Rocketship Ventures, a seed-stage firm which uses… Read More
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An API For Your Door
August Smart Locks wants to usher in a new level of convenience for the on-demand economy. Instead of rushing home to meet your courier, cleaner, or assistant, or having to give strangers a copy of your house key, you can just authorize them to open your door via August. By launching its August Access partnership program with companies like Postmates, Shyp, Handy, and Alfred, August gets a… Read More
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PubNub Expands Series C To $25M, Banks On IoT To Boost Business On Its Messaging Network
PubNub, the startup that has built a data network that carries messaging for apps, IoT hardware and other low-latency services, is today announcing that it has extended and closed its Series C round. The San Francisco-based company has raised $25 million, funding that it will use to sharpen its focus on Internet of Things applications and hardware as well as clean energy and social… Read More
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Checkr Is Raising $30M+ For Its Background Checking API, Y Combinator Investing
As on-demand businesses like Uber and Instacart grow quickly, so too do the B2B startups that service their wider ecosystem. In the latest development, TechCrunch has learned and confirmed with several sources that Checkr — which runs background checks and vets potential hires by way of an API for the likes of Uber, Instacart and Handy, and other fast-growing startups like Zenefits… Read More
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Two New Apps Tackle The Problem Of Running Out Of Space On Your Phone
One of the most common complaints from iPhone owners today is that they’re running out of space on their phones, and either aren’t quite sure what to do about it, or don’t have time to spend backing up then deleting all the photos, videos, and messages that are weighing down their device. While Apple offers a solution for this with its iCloud service, which is now more… Read More
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“Chime” In On Video Chat Threads With This Intimate App
Texting is the quickest way to be misunderstood. With no facial cues or vocal tones, enthusiasm becomes sarcasm, jokes are read as cruelty. But while audio and video chat are vivid, its inconvenient to get both people on a call at the same time.
Yet, a new iOS app called Chime combines the best parts of these media, plus sprinkles on some mustaches and top hats to keep it fun. Read More
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Fixed, The App That Fixes Your Parking Tickets, Gets Blocked In San Francisco, Oakland & L.A.
Fixed, a mobile app that fights parking tickets and other traffic citations on users’ behalf, has had its parking ticket operations blocked in three of its top cities, San Francisco, Oakland and L.A. after the cities increased the measures they were taking to block Fixed from accessing their parking ticket websites. The company confirms it has suspended parking ticket operations in all… Read More
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U.K. startup Swytch, a cloud based mobile network and dialer app, has finally launched its Android and iOS apps today, offering users the ability to run multiple U.K. phone numbers off a single SIM.