Category Archives: PayPal

Startups Weekly: All these startups are raising big rounds

TechCrunch’s Connie Loizos published some interesting stats on seed and Series A financings this week, courtesy of data collected by Wing Venture Capital. In short, seed is the new Series A and Series A is the new Series B. Sure, we’ve been saying that for a while, but Wing has some clean data to back up those claims. Years ago, a Series A round was roughly $5 million and a startup at that stage wasn’t expected to be generating revenue just yet, something typically expected upon raising […]

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Uber prices IPO at $44-50, to raise $7.9-9B, PayPal takes $500M stake in strategic partnership

Uber, the transportation-on-demand behemoth, today filed its much-anticipated updated S-1, where it announced that it would be pricing its initial public offering at $44-50 per share. Selling 180 million common shares, Uber plans to raise between $7.9 billion and $9 billion ahead of its public debut on the NYSE, valuing it at $84 billion — squarely in the middle of the $80-90 billion that was projected as late as yesterday. With the greenshoe, shareholders selling shares in the IPO, it could raise as much as $10.4 billion. Separately, there […]

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Confirmed: ShopRunner acquires Spring, raises $40M

ShopRunner chief executive Sam Yagan conquered the online dating world. Can he conquer the e-commerce world, too? Hot off the heels of its first profitable year, ShopRunner is announcing its first infusion of venture funding under Yagan, an acquisition of the shopping app Spring and, sources tell TechCrunch, it’s readying a major overhaul to its mobile app, signaling what could be a new era for the company. Yagan, the co-founder of OkCupid, former CEO and vice chairman of The Match Group and managing director of the venture fund […]

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