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All Posts Tagged Tag: ‘Funding’

Uber Is Now a $50 Billion (Valued) Company

Uber Is Now a $50 Billion (Valued) Company

Throw some more money on the Uber stacks. The on-demand car company has just raised another cool $1 billion, according to sources quoted in the Wall Street Journal. The $1 billion brings the total funding to $5. The company is now valued at just shy of $51 billion. This round was brought to you by Microsoft and Indian media company …

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Spotify Hits 20M Paid Users, Defends Artist Payouts

Spotify has a message for Apple and its new Apple Music venture – you’re starting well in the hole. The streaming music company has just announced it has hit 20 million paid subscribers, and 75 million total active users (meaning 55 million free tier users). Year-over-year, that’s a 100 percent increase in paid users. In May of 2014, Spotify reported …

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Should Entrepreneurs Seek Crowdfunding?

A lot of entrepreneurs in todays landscape must decide whether or not to go the crowdfunding route. If you ask multi-billionaire Richard Branson, you’re probably best off at least considering it. Branson has been an investor in popular crowdfunding platform Indiegogo, and in the UK, his Virgin StartUp has partnered with Crowdfunder to help entrepreneurs raise money for their projects. …

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Nextdoor, the Social Network for Neighbors, Now Valued at $1.1 Billion

Nextdoor, the “private social network for you, your neighbors and your community”, just raised enough new funding to make it a billion-dollar company – in valuation, at least. The company has raised $110 million in venture capital from Redpoint Ventures and Insight Venture Partners. This gives the company a $1.1 billion valuation. “None of this would have been possible without …

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Uber Continues to Raise Tons of Money

Someone just gave Uber a bunch of money, again. Bloomberg reports that the on-demand car company has just raised $1.6 billion in convertible debt from Goldman Sachs’ wealth management clients. Bloomberg has the specifics on the deal: The bond Uber placed with Goldman Sachs’ private clients is a six-year bond that will convert into equity at a 20 percent to …

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Twitter Co-Founder Evan Williams Launches Obvious Ventures

Evan Williams, co-founder of Twitter and Blogger, is back with his third version of Obvious, the previous versions of which spawned Twitter, Medium, and Twitter co-founder Biz Stone’s Jelly and Super. This one is called Obvious Ventures, and running the show with Williams are investors James Joaquin and Vishal Vasishth. The firm is what it sounds like – a venture …

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Uber Raises New $1.2 Billion Round Of Funding

Uber is trying to put that whole PR fiasco it had to deal with last week behind it. The company is now dominating headlines for announcing that it has raised a new $1.2 billion round of funding, so it’s definitely moving forward in terms of storylines. The funding was expected, and previously reported, but is now confirmed. The company did …

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Uber Could Soon Be Valued at $40 Billion

Uber could be valued at a staggering $35 to $40 billion after a new round of funding, according to a report. “T. Rowe Price Group Inc. is in discussions to be a new investor, said the people, who asked not to be identified because the details are private. Existing investor Fidelity Investments is also set to participate in the funding, …

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Square Reportedly Raises New $150M Round At $6B Valuation

There has been no official announcement so far, but according to a report from The New York Times, Square has raised a new $150 million round of funding, valuing the company at $6 billion. The report cites a person briefed on the investment, who requested to remain anonymous because of a lack of authorization to speak on the matter. It …

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Yahoo Is Reportedly Investing in Snapchat and Its Sky-High Valuation

Yahoo is one of the backers that’s ready to throw out a funding round that values Snapchat at $10 billion, according to reports. The Wall Street Journal quotes the all-knowing and omnipresent “people familiar with the matter”, who claim that Yahoo and Snapchat have been talking and the former is set to invest an unknown amount in the latter. Snapchat’s …

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Twitter Is Funding A New MIT Lab For ‘Social Machines’

The MIT Media Lab announced that it has secured a five-year, $10 million investment from Twitter, which will provide access to its real-time, public steam of tweets as well as the archive of every tweet all the way back to the beginning. This will be used for a new laboratory for social machines, which aims to solve complex social problems …

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Reddit Raises New $50 Million Round Of Funding

Reddit said on Tuesday that it has closed a new $50 million round of outside funding led by Y Combinator President Sam Altman with participation from Sequoia Capital’s Alfred Lin and Andreessen Horowitz’s Marc Andreessen. Other investors mentioned further down in the announcement include Peter Thiel, Ron Conway, Paul Buchheit, Jared Leto, Jessica Livingston, Kevin and Julia Hartz, Mariam Naficy, …

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