economy Archive

Talking diversity, going global at the TC Meetup + Pitch-off in Seoul

You might have already read about our forthcoming TC Meetup + Pitch-off in Seoul next week. But what you might not know is that we’re integrating more content into the program so you can hear from some of the most intelligent minds in the industry. As per usual, we’ll be holding the TC Pitch-off, where 10 companies will have exactly 60 seconds to pitch their …

Online VC FundersClub launches Network Search to better connect its 17,000 members

Network effects in venture capital are no joke. Sure, people want to close rounds with brand name funds like Sequoia and Andreessen Horowitz because they validate startups. But perhaps more importantly, companies become more likely to succeed after closing high profile rounds because of their newfound access to the friends and connections of prominent investors. Alex Mittal, CEO of FundersClub, has spent a lot of …

Former Etsy CTO is joining the prescription drug marketplace, Blink Health

As Etsy talent starts leaving the nest in the wake of the  company’s initial public offering last year, they’re starting to land at new startups in the New York area. The latest Etsy exec to migrate to a privately held startup is former Etsy chief technology officer Kellan Elliott-McCrea, who’s heading over to Blink Health,  a company that’s using technology to create a marketplace for cheap prescription medications. …

Billionaire tech investors support divisive plan to ban San Francisco’s homeless camps

The debate over what to do about San Francisco’s homeless population has been building for awhile among the many startups and residents here. But now tech billionaires Ron Conway, Michael Moritz and well-to-do hedge fund manager William Oberndorf have each thrown about $50,000 behind a measure to rid San Francisco of its homeless tent cities. Other notable investors, including Yahoo CEO Marissa Mayer’s husband and venture capitalist …

Full speed ahead for transport VCs

Transportation investment has moved into the fast lane. Venture and growth investing in transport-related companies accelerated in the third quarter, fueled by momentum in the autonomous driving and ride-hailing spaces, as well as the prospect of big acquisitions. VCs and seed investors poured more than $6.2 billion into more than 150 companies across the globe with transportation-related business models in Q3, according to Crunchbase data. …

Prepaid card users will finally be protected from fraud and crazy fees

If you’ve been out of touch with the FinTech market recently you may have missed how popular prepaid cards have become. This is especially true when it comes to “open-loop” cards, which are prepaid cards powered by a processor like Visa or MasterCard that can be used anywhere a credit or debit card is accepted. These accounts now look and feel increasingly similar to an actual …

Stanford, MIT lead in graduating funded startup founders

Certain universities are known to produce a high number of funded startup founders. These schools tend to share certain qualities: prestige, large STEM programs, research prowess and proximity to concentrations of investor capital.   At CrunchBase, we set out to quantify the comparative track records of such institutions. We started with a list of top U.S. research universities. Using funding data for 2016 and cross-referencing …

Tax compliance software company Avalara raises $96 million

Death and taxes may be the only two certainties in life (according to Ben Franklin), but tax compliance software provider Avalara has raised $96 million with a pitch to make one a lot less painful. The company’s whopping new round of growth capital will be used to buy out some undisclosed existing shareholders and to provide $50 million in new money for growth and acquisitions. “This financing …

Kickstarter is breaking down assumptions about where innovation can occur

The few who still think Kickstarter can replace venture capital need not look further than a new report from Polygraph to see just how separate the world of crowdfunding is from traditional early-stage finance. While it’s easy to point to products like the Pebble Smart Watch as a sign that crowdfunding sites like Kickstarter are gaining ground against traditional institutional financiers and angels, the reality is that …

Anyone can prototype and build with Shaper’s Origin CNC machine

With side-hustles being all the rage these days, the new Shaper Origin makes it easier than ever to start building and selling cool gadgets in your free time. While you might not be able to build yourself a homemade Falcon 9 rocket with the company’s handheld CNC machine, you just might be able to build yourself a successful shop on Etsy. CNC machining is not a new concept, but it has …