Category Archives: finance

How to prepare for an investment apocalypse

Micah Rosenbloom Contributor Micah Rosenbloom is a venture partner at Founder Collective. More posts by this contributor Business school grads and quants are winning the battle to create the next P&G Startups need to respect the laws of retail physics Unlike 2000 and 2008, everyone in the startup world is expecting a crash to come at any moment. But few are taking concrete steps to prepare for it. If you’re running a venture-backed startup, you should probably get on that. First, go read RIP Good Times from […]

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How students are founding, funding and joining startups

Shawn Xu Contributor Share on Twitter Shawn Xu is a managing partner at The Dorm Room Fund. There has never been a better time to start, join or fund a startup as a student.  Young founders who want to start companies while still in school have an increasing number of resources to tap into that exist just for them. Students that want to learn how to build companies can apply to an increasing number of fast-track programs that allow them to gain valuable early stage operating experience. […]

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NYC launches partnership network, “The Grid”, to help grow urban tech ecosystem

The New York City Economic Development Corporation (NYCEDC) and CIV:LAB – a nonprofit dedicated to connecting urban tech leaders – have announced the launch of The Grid, a member-based partnership network for New York’s urban tech community. The goal of the network is to link organizations, academia and local tech leaders, in order to promote collaboration and the sharing of knowledge and resources. In addition to connecting member companies and talent, The Grid will host various events, educational programs, and co-innovation projects, while hopefully improving access to investors […]

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Raisin raises $114M for its pan-European marketplace for savings and investment products

Raisin, the pan-European fintech marketplace for savings and investment products, is disclosing that it has raised $114 million in Series D funding. Existing investors Index Ventures, PayPal, Ribbit Capital and Thrive Capital all participated in the round, which brings the total raised to date to $200 million. Tellingly, the fast-growing Berlin fintech says it plans to use the new capital for “strategic acquisitions” and further internationalisation. Although available to customers across the EU from the get-go, Raisin had dedicated market launches in the Netherlands and the U.K. […]

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Step targets teens and parents with a no-fees mobile bank account and Visa card

A new mobile banking startup called Step wants to help bring teenagers and other young adults into the cashless era. Today, cash is used less often, as more consumers shop online and send money to one another through payment apps like Venmo. But teenagers in particular are still heavily burdened with cash — even though they, too, want to spend their money on things that require a payment card, like Amazon.com purchases or mobile gaming, for example. That’s where Step comes in. The company aims to address […]

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YC-backed Oxygen raises seed to bring digital banking to freelancers

Few things are easy in our financial system if you don’t have regular employment. It’s hard to prove (regular) income, which makes applying for a credit card or personal loan much more difficult and time-consuming. That’s particularly tough, since freelancer income is variable, and these sort of income smoothing tools can be critical to make ends meet. Despite those challenges, freelancing is the new normal: if current trends hold true, a majority of the workforce in America could be freelancers within ten years. SF-based startup Oxygen hopes […]

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Petal raises $30m from Valar to bank the unbanked with credit cards

Credit cards are a relatively new invention that have entered into something of an innovation rut. Reward programs seem stale, mobile apps remain mired in early-2000s UX paradigms, and all too often, critical financial decisions (and their expensive associated fees) are hidden like booby-traps for users. Little wonder then that consumers are fed up with their credit card providers. Worse, credit cards are not accessible to millions of people, whether due to a lack of credit history, immigration status, or because they are unlikely to be profitable […]

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Trust & Will closes first electronic will in the US (plus $2m investment)

No one likes to think about death (least of all startup founders), but wills, trusts and estate planning are crucial for ensuring that your material assets get passed to whatever people or organizations you care about. Yet, few processes are more paper-driven than the legal process of getting your affairs in order. Finally, the estate planning industry itself is getting its digital affairs in order. San Diego-based Trust & Will, a startup that guides users through the process of creating legal guardians, wills and trusts, partnered with […]

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Startups Weekly: Squad’s screen-shares and Slack’s swastika

We’re three weeks into January. We’ve recovered from our CES hangover and, hopefully, from the CES flu. We’ve started writing the correct year, 2019, not 2018. Venture capitalists have gone full steam ahead with fundraising efforts, several startups have closed multi-hundred million dollar rounds, a virtual influencer raised equity funding and yet, all anyone wants to talk about is Slack’s new logo… As part of its public listing prep, Slack announced some changes to its branding this week, including a vaguely different looking logo. Considering the flack the $7 […]

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Pro.com raises $33M for its home improvement platform

Pro.com is basically a general contractor for the age of Uber and Prime Now. While the company started out as a marketplace for hiring home improvement professionals, it has now morphed into a general contractor and serves Denver, Phoenix San Francisco, San Jose and Seattle. Today, Pro.com announced that it has raised a $33 million Series B round led by WestRiver Group, Goldman Sach and Redfin. Previous investors DFJ, Madrona Venture Group, Maveron and Two Sigma Ventures also participated. WestRiver founder Erik Anderson, Redfin CEO Glenn Kelman […]

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