Katie Roof

Uber could be profitable if it wants to, says CEO

Uber could be profitable if it wants to, says CEO

 Uber lost $4.5 billion last year, but CEO Dara Khosrowshahi said he’s not worried. Speaking at the Goldman Sachs Technology and Internet Conference in San Francisco on Wednesday, the newly appointed chief defended the company’s financials, saying that “we can turn the knobs to get this business even on a full basis profitable, but you would sacrifice […]

 Katie Roof

Norwest Venture Partners raises $1.5 billion fund

Norwest Venture Partners raises $1.5 billion fund

 Norwest Venture Partners has closed a $1.5 billion fund, bringing the total under management to $7.5 billion. The firm will be using the money to invest primarily in the consumer, enterprise and healthcare categories. And they are looking for opportunities at all stages, from seed stage to growth. Norwest said it has had a record […]

 Katie Roof

Homesnap raises $14 million for real estate intelligence

Homesnap raises $14 million for real estate intelligence

 Homesnap has come a long way from its days as a consumer-facing app for displaying information about local homes by taking a photo. While its current app still works this way for prospective buyers, these days its core focus is for U.S. real estate agents, and close to 75 percent of them are said to be […]

 Katie Roof

Homebrew closed $90 million fund

Homebrew closed $90 million fund

 Homebrew is announcing the close of its third fund. This time they’ve raised $90 million, an increase from $50 million in 2015 and $35 million for its debut fund in 2013. Led by Hunter Walk and Satya Patel, the seed-stage venture firm has spent the past five years investing in U.S.-based startups at the onset. Read More […]

 Katie Roof

Chamillionaire is a presentation genius, has a new app

Chamillionaire is a presentation genius, has a new app

 You probably know Chamillionaire from the song “Ridin,’” but did you know the Grammy Award winner is also a successful startup investor? He has had several favorable outcomes, including Cruise, which sold to General Motors and Maker Studios, which was bought by Disney. Now he’s trying his hand at a startup of his own. If you’re […]

 Katie Roof

Mirror raises $13 million for virtual fitness classes

Mirror raises $13 million for virtual fitness classes

 It may seem like there are already enough on-demand fitness classes, but one startup has an idea for something a little different. Mirror is debuting an at-home device that looks like a mirror, but also lets you see the instructor and classmates for fitness routines like barre, yoga, boxing and Pilates. I’m told that this is […]

 Katie Roof

Benchmark’s lawsuit against former Uber CEO Kalanick dismissed

Benchmark’s lawsuit against former Uber CEO Kalanick dismissed

 It’s over. Benchmark’s lawsuit against former Uber CEO Travis Kalanick has now been dropped, ending one of the biggest VC-founder disputes in history. It was dismissed as a condition of the SoftBank investment in Uber getting done. The deal was completed earlier this month, giving both Benchmark and Kalanick an opportunity to sell a significant […]

 Katie Roof

Mattermark to shut down after selling to FullContact

Mattermark to shut down after selling to FullContact

 Mattermark, the site for startup and company data, is shutting down its own business after selling in a disappointing outcome to FullContact. In a document obtained by TechCrunch, co-founder and CEO Danielle Morrill wrote that “common stockholders will not be receiving anything in this deal.” In other words, Mattermark employee shares are worthless. It was […]

 Katie Roof

Max Levchin’s Affirm raises $200 million at a nearly $2 billion valuation

Max Levchin’s Affirm raises $200 million at a nearly $2 billion valuation

 Affirm, the platform that helps consumers find financing, is getting some financing of its own. The San Francisco-based company confirmed that it’s raising $200 million, led by GIC, a Singaporean sovereign wealth fund. Existing investors Khosla Ventures and Spark Capital are also participating. Affirm’s valuation is estimated to be between $1.5 billion and $2 billion. […]

 Katie Roof

Joy raises $7M for a smart photo album that will cost you $499

Joy raises $7M for a smart photo album that will cost you $499

 Smartphones have made flipping through photo albums a relic of the past. It’s easy to peruse and share a digital photo archive, but some people miss looking through photos while sitting next to family and friends. At least that’s what motivated serial entrepreneur Alan Chan to create Joy, a smart photo album. He says that […]

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