Finance
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Etsy Meets Expectations In Q3, Stock Drops 8% After Hours
Following trading today, Etsy reported its Q3 financial performance, including revenue of $66 million, and earnings loss per share of $0.06. The Street expected Etsy to lose $0.06 per share, off revenue of around $66.17 million. So that’s a “met expectations.” The company reported 1.5 million active sellers and 22.6 million active buyers. The company was up 3.18 percent… Read More
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Our 9 Favorite Companies From 500 Startups “Demo-Ween”
500 Startups today presented its 14th batch of companies at the Computer History Museum in Mountain View, California, with a spooky twist. Dave McClure said this batch was less international than previous batches, with only 39% of founders hailing from outside the United States. Of the 36 startups that went through the program, 25% had female founders. He made no mention of people of color.… Read More
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Barry Silbert Launches Digital Currency Group With Funding From MasterCard, Others
Less than a week after selling SecondMarket to NASDAQ, Barry Silbert has announced the official launch and and first round of funding for Digital Currency Group. Talking onstage to TechCrunch Editor John Biggs today at Money 20/20, Silbert announced that the company has closed a round from Bain Capital Ventures, Transamerica Ventures, FirstMark Capital, MasterCard, and New York Life,… Read More
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Stock Trading Was Expensive And Ugly. Robinhood’s App Makes It Free And Pretty
Robinhood steals stock trading from rich guys in suits and gives it to normal people who couldn’t afford to pay $7 per transaction. The zero-fee stock trading app is bonafide hit. Less than a year after launch it has hundreds of thousands of users, over $1 billion in transactions, $66 million in funding, and an Apple Design Award. In fact, it’s the first finance app to win that award. Read More
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Google CEO Sundar Pichai Cites “Real Sense Of Energy And Focus” For Success
Today, Alphabet beat Q3 earnings projections.
During the earnings call, Google CEO Sundar Pichai took the (micro)phone (for the first time) to discuss the business and product highlights from the quarter. It was a pleasant addition after a strong showing at last month’s hardware event. Read More
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Alphabet Beats Q3 Expectations With EPS Of $7.35 And $18.68 In Revenue, Stock Jumps 9% After Hours
Today following the bell, Alaphabet reported its third-quarter financial performance, including revenue of $18.68 billion in revenue, and adjusted per-share profit of $7.35. Analysts had expected the company to earn an adjusted $7.21 on revenue of $18.53 billion. The company’s revenue ticked up 13 percent compared to its year-ago quarter. Cash flow sits at a strong $6 billion. Up over… Read More
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TC Cribs: Credit Karma’s Gorgeous Historic Office Meets Startup Style
This week’s episode of Cribs takes us to free credit and financial management platform Credit Karma. This growing financial startup just put the finishing touches on its new office space in the Phelan – a historic building in downtown San Francisco that also houses Nextdoor and Medium.
The Phelan sits just off of Market Street in San Francisco’s bustling financial district. Read More
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Bank Loans Are A Better Financing Option Than You Might Think
Today’s startup scene is all about raising VC money — as much as possible, as fast as possible. The market celebrates VC fund-raising, cheers unicorns and makes it seem like VC-backed startups are the holy grail of innovation. And so my fellow entrepreneurs were somewhat surprised to learn that when my VC-backed startup needed another cash injection, I resorted to the oldest trick… Read More
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Raising $2.56B In IPO, First Data Opens Only 2.4% Up At $16.39, Closes Below IPO Price At $15.83
After payments processor First Data priced its initial public offering at $16 per share last night, below the expected range of $18-$20, all eyes were on the company to see how the year’s biggest IPO — raising $2.56 billion — would perform in its debut. Ultimately, there were no fireworks. Trading under the FDC ticker on the New York Stock Exchange, First Data’s… Read More
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Congratulations, you now own stock in a private company… but can you sell any of it? The considerations that go into answering this question have changed over time as the process for selling private company shares in the secondary market has become more restrictive.