Finance
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Y Combinator May Be Worth One Billion Dollars. Here’s The Math
Y Combinator’s president Sam Altman dropped some big stats about his prestigious startup accelerator today. But there’s a few he left out that can be estimated based on his announcement that the combined market cap of all YC companies exceeds $30 billion. Specifically, you can use that number to approximate how much YC’s stake is worth. The ballpark answer? Around $1.05 billion. Read More
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Inside Box’s Updated S-1
After much ado and pomp, Box released its updated S-1 document yesterday, revamping some of its usage statistics, and detailing the results of its fiscal first quarter. The company posted revenue of $45.3 million in the period, up 93.6 percent year-over-year. Its net loss totaled $38.5 million in the quarter, up a slimmer 13 percent. Read More
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Keith Rabois’ Homebuying Startup OpenDoor Raises $9.95M From Everyone
Well.
It seems like a lot of Valley investors want to see the process of buying homes become a lot more efficient.
After Khosla Ventures VC and former Square COO Keith Rabois teased that he was working on a project to make buying homes as simple as clicking a few buttons, a horde of Valley angels and VCs started circling. Read More
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Source: Rackspace Wants To Take Itself Private
Rackspace — the publicly-listed enterprise cloud services company that competes against the likes of Amazon’s AWS, Microsoft and Google — has been in the spotlight after announcing in May that it has hired bankers to help consider offers to parter with or be acquired by another company. However, it could choose a third option: taking itself private. Following the likes… Read More
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Moven Bags $8M To Take Its Mobile Banking App Overseas
Moven, a startup that aims to make it easier for people to manage their spending by offering money management tools and real-time spending updates in app form, has closed an $8 million Series A funding round, led by SBT Venture Capital. Startups And The Un-Banking Of America
Historically, when looking for opportunity in the financial industry where technology can have the greatest impact — for investors and entrepreneurs — the best place to start has been with one of our oldest institutions: banks. However, while critical to our economy, banks are generally inefficient, have high fixed costs and don’t exactly elicit happy thoughts from the… Read More
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VCs Don’t Think We’re In A Tech Bubble — Yet
Andreessen Horowitz managing partner Scott Kupor argued that there doesn’t seem to be a bubble in tech at the PreMoney 2014 conference in San Francisco this morning. In a presentation that lasted a bit over ten minutes, Kupor laid out a series of trends that indicate things aren’t quite as exuberant as some fear. Read More
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SolarCity Ends The Day Up 17.58% After It Purchases Silevo, Announces Manufacturing Plans
Shares of SolarCity jumped 17.58 percent in regular trading today, as investors applauded its decision to purchase solar-panel manufacturer Silevo, which had plans to build a factory in New York. SolarCity intends to build the plant and scale it to “capacity greater than 1 GW within the next two years.” Read More
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