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Uber Continues to Raise Tons of Money

Uber Continues to Raise Tons of Money

By Josh Wolford January 21, 2015

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 …

Yahoo Is Reportedly Investing in Snapchat Yahoo Is Reportedly Investing in Snapchat

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 …

Twitter Funds New MIT Lab For 'Social Machines' Twitter Funds 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 …

Reddit Raises New $50 Million Round Of Funding 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 …

Google Capital Backs InnoLight, Its 9th Company Google Capital Backs InnoLight, Its 9th Company

Google Capital, along with Lightspeed China Partners, co-led a Series C round of funding totaling $38 million into InnoLight Technology, according to a new report from The Wall Street Journal. This would be Google Capital’s first investment in China. InnoLight …

Snapchat's Valuation 'Not Absurd' Says Twitter CEO Snapchat's Valuation 'Not Absurd' Says Twitter CEO

Reacting to the news that ephemeral messaging app Snapchat was moving fast toward a $20 million investment from Kleiner Perkins at a $10 billion valuation, Twitter CEO Dick Costolo is defending it – calling it “not absurd.” “Crazy growth, clear …

Google Capital Backs Thumbtack, Its 8th Company Google Capital Backs Thumbtack, Its 8th Company

Google Capital is leading a $100 million series D round of funding in Thumbtack, a service that is described as helping people “accomplish the personal projects that are central to their lives”. Also contributing to the funding are past investors …

Snapchat Is Apparently Worth $10 Billion Snapchat Is Apparently Worth $10 Billion

Snapchat has been reported as the fastest-growing social app. It’s inspired an absolutely pointless ripoff from a huge international company. It’s so popular among teens that it’s making them lose their frickin’ minds. But is it really worth $10 billion? …

Uber Is Now a $17B Company After Latest Funding Uber Is Now a $17B Company After Latest Funding

On-demand car service Uber has just announced a massive $1.2 billion injection from “some of the leading investors in the world,” which values the company at $17 billion (not counting what they already have in the war chest). With that …

New Pinterest Funding Is Good News For Your Business New Pinterest Funding Is Good News For Your Business

Pinterest has reportedly raised a new $200 million round of funding, valuing the company at $5 billion. Investors are apparently impressed with the direction the already popular visual social media site is taking, which includes new native ads and enhancements …

Imgur CEO Talks New Funding, Reddit Imgur CEO Talks New Funding, Reddit

Imgur announced this morning that it has raised $40 million in a series A round of funding led by Andreessen Horowitz. General partner, Lars Dalgaard will take a Board of Directors seat with the company. Reddit, which gives Imgur more …

Bezos And Others Give Business Insider $12 Million Bezos And Others Give Business Insider $12 Million

Business Insider announced on Wednesday that it has raised a new $12 million round of funding from existing investors including Amazon CEO Jeff Bezos. Others include IVP, RRE, and Gordon Crovitz. According to CEO Henry Blodget, Business Insider will use …

Microsoft Invests $15M in Foursquare, Snags Data Microsoft Invests $15M in Foursquare, Snags Data

Foursquare has just received a cash injection from Microsoft, and Microsoft products will soon sport billions of Foursquare data points. The two companies have just announced a strategic partnership that will see Windows OS, as well as Bing, receive location …

Jelly Raises New Funding From Greylock Jelly Raises New Funding From Greylock

Jelly announced that it has secured a new Series B round of funding with Greylock Partners, and that partner Josh Elman, who worked as a product lead at Twitter, has joined Jelly’s board. This follows Series A funding last year …

Foursquare Touts 45M Users, $35M in New Funding Foursquare Touts 45M Users, $35M in New Funding

It’s been a big, transformative year for location-focused app Foursquare. For the past year, Foursquare has been making both incremental and monumental shifts in the core functionality of the app, taking it from just another check-in game to a real …

Someone Gave Bitstrips a Bunch of Money Someone Gave Bitstrips a Bunch of Money

If you hate Bitstrips, you’re not alone. If you love Bitstrips, you’re also not alone. The popular Facebook app that allows users to create custom avatars and stick them in pre-designed comic situations has over 10 million active users. The …

6-Year-Old Tries to Save NASA with WH Petition
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With NASA budget cuts looming, one 6-year-old kid is taking as direct a route as he can to ask President Obama to save the nation’s space program. Connor Johnson of Denver, Colorado loves space and hopes to be an astronaut …