Category Archives: finance

Brex CEO Henrique Dubugras is coming to Disrupt SF

Fintech startup Brex went from 0 to a valuation of $1 billion in less than two years. It is a fascinating company, and so is Brex’s co-founder and CEO Henrique Dubugras. He’s coming to TechCrunch Disrupt SF to tell us more about the company’s explosive growth. Brex first started with a corporate card for startups. Compared to legacy corporate cards, there are a ton of benefits. First, it’s easy to sign up to Brex as the company doesn’t require any personal guarantee or security deposit. Second, you […]

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How to negotiate term sheets with strategic investors

Alex Gold Contributor Share on Twitter Alex Gold is co-founder of Myia, an intelligent health platform employing novel biometric data to predict and prevent costly medical events. Previously, Alex was Venture Partner at BCG Digital Ventures and a co-founder of Traction, a marketplace of digital marketing experts. Three years ago, I met with a founder who had raised a massive seed round at a valuation that was at least five times the market rate. I asked what firm made the investment. She said it was not a […]

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Workhorse gets $25 million needed to finish electric delivery van

Workhorse Group, the electric vehicle company that grabbed headlines last month over a proposed deal to buy General Motors’ Lordstown, Ohio factory, has raised $25 million from a group of unnamed investors. The money will not go toward the factory. Instead, it will be used for the more pressing matter of keeping the company running. Under terms of the deal, investors will receive preferred stock and warrants to buy shares. An annual dividend will be paid out in shares of Workhorse stock. The Cincinnati-based company is small, […]

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Student loan refinancing startup Splash Financial raises $4.3 million

Splash Financial, a Cleveland-based startup that has partnered with the Pentagon Federal Credit Union to refinance student loans, has raised $4.3 million in a round of venture financing. The round was led by CUNA Mutual Group, a PenFed partner, and Northwestern Mutual Future Ventures, the corporate investment arm of Northwestern Mutual. As student loan debt skyrockets, more financial services companies are looking for ways to cash in on the growing national problem. Splash Financial provides an easy, online way for PenFed to originate loans that folks can […]

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Economic development organizations: good or bad for entrepreneurial activity?

Bill Baumel Contributor Bill Baumel is Managing Director at the Ohio Innovation Fund. After twenty years in Silicon Valley – 4 public companies and 10 major acquisitions – Bill came home to the Midwest creating OIF, whose 14 companies have attracted partners such as Microsoft, Facebook, SAP, and Sanofi, providing SaaS, cyber, AI/ML and med tech solutions to a majority of the Fortune 500. In developing VC markets such as the Midwest, some may think that funding from the government or economic development organizations are a godsend […]

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Unraveling the “Secrets of Sand Hill Road” and the VC thought process, with Andreessen Horowitz’s Scott Kupor

Extra Crunch offers members the opportunity to tune into conference calls led and moderated by the TechCrunch writers you read every day. This week, TechCrunch’s Connie Loizos sat down with Scott Kupor, managing director at venture capital firm Andreessen Horowitz to dig into his new book Secrets of Sand Hill Road, discuss his advice for new founders dealing with VCs and to pick his brain on the opportunities that excite him most today. Scott gained inspiration for Secrets of Sand Hill Road after realizing he was hearing the […]

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Which type of funding is actually best for your business?

Jared Hecht Contributor Share on Twitter Jared Hecht is the co-founder and CEO of Fundera, an online marketplace for small business financial solutions including small business loans. Prior to Fundera, Hecht co-founded group messaging app, GroupMe. When starting a tech company, there seems to be a playbook that most entrepreneurs follow. While some may start with a bit of bootstrapping, most will dive straight into raising seed money through investors. In many cases, this is a great path. It’s a path I’ve taken twice myself, first with […]

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Connected bike and treadmill-maker Peloton files confidentially for IPO

Exercise tech darling and service provider Peloton has filed for an IPO with a confidential draft submission of its S-1 statement to the SEC on Wednesday. The company announced the news in a press release, and did not disclose the terms of its initial public offering in the release. Peloton’s entry into the market was via its smart exercise bike, which is custom hardware paired with a large interactive display, through which users can access courses and streamed classes and coaching. Earlier in the year, Peloton released […]

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Should your company move into a co-working space, sublease space or traditional office?

Sam Einhorn Contributor Sam Einhorn is a REBNY-award-nominated Director with the commercial real estate services firm Colliers International. He specializes in office leasing, renewals and expansion for high-growth technology companies. He can be reached at (212) 716-3679 or at sam.einhorn@colliers.com It’s a cautionary tale we hear far too often: Company A, hiring staff and growing rapidly, finalized a 10-year lease for office space. One week after move-in they had filled their space to the brim, with engineers sitting on top of sales staff, interns working in the […]

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