All Posts Tagged Tag: ‘Funding’

Snapchat’s $10 Billion 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 monetization path, & one of the best social product thinkers out there,” he tweeted. Snapchat at $10b not absurd. Crazy …

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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 Tiger Global Management, Sequoia Capital, and Javelin Venture Partners. Thumbtack has raised a total of $150 million to date. What …

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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? Apparently, according to a new report from Bloomberg. They quote people familiar with the matter who say that Snapchat is …

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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 announcement, Uber now operates in 128 cities in 37 countries around the world and says that they are directly responsible …

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Here’s Why Pinterest’s New 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 to the search experience. Is Pinterest search part of your business strategy? Will it be in the future? Let us …

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Imgur CEO Talks Plans For New Funding, Relationship With Reddit [Exclusive]

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 exposure than anywhere else on the web, also contributed to the round. The company calls this “an appropriate nod to …

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Jeff 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 the money to create “more great digital journalism (including long-form narratives and investigations),” more photography, more video, more data and …

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Microsoft Invests $15M in Foursquare, Acquires Location Data for Bing, Windows

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 information from the popular check-in app. “So, in the near future, when you use Microsoft devices powered by the Windows …

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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 led by Spark Capital and including Greylock’s Reid Hoffman. “Jelly is a small team with modest capital requirements and we …

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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 local search and discovery platform – one that can truly compete with the likes of Yelp, Google Places, and more …

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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 app recently launched on both iOS and Android too. In the past couple of months, users have created over 30 …

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6-Year-Old Tries to Save NASA with White House Petition

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 one day. “The whole reason I want to be an astronaut so I can discover, like, new worlds and discover, …

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