SAN FRANCISCO, Oct 17 (Reuters) – Stitch Fix said it has
raised $12 million as it tries to establish itself in what is
proving a tricky market: online retail sales.
While online sales rise every year, many entrants have a
tough time with the razor-thin profit margins and ability to
differentiate themselves from established players such as
SAN FRANCISCO (Reuters) – EBay Inc founder Pierre Omidyar on Wednesday said he is building an independent media organization covering news from sports to politics for mainstream readers, spearheaded by big names including ex-Guardian correspondent Glenn Greenwald.
Omidyar, the 46-year-old French-born Iranian-American who remains chairman of the e-commerce giant he founded, wrote in a blog post that he considered buying the Washington Post – which Amazon.com Inc founder Jeff Bezos eventually snapped up – but decided he wanted to build a news organization from the ground up.
SAN FRANCISCO (Reuters) – Among Twitter Inc’s highest-paid executives, Christopher Fry’s name stands out.
The senior vice president of engineering raked in $10.3 million last year, just behind Twitter Chief Executive Dick Costolo’s $11.5 million, according to Twitter’s IPO documents. That is more than the paychecks of executives such as Chief Technology Officer Adam Messinger, Chief Financial Officer Mike Gupta and Chief Operating Officer Ali Rowghani.
SAN FRANCISCO, Oct 7 (Reuters) – Airbnb, a red hot online
accommodations service, may have to disclose user data to the
government, possibly to the detriment of its customers’ privacy
and its own business prospects.
On Friday New York State Attorney General Eric Schneiderman
sent Airbnb a subpoena requesting host data from New York users
of the service, which connects vacationers and others with
people wishing to rent out their homes, apartments and other
living spaces to short-term guests.
SAN FRANCISCO (Reuters) – Celebrity chef Mario Batali landed on a new promotional platform this week, one that was regulatory rather than razzle-dazzle: the opening pages of Twitter’s 234-page document on its initial public offering.
In a prominently featured screen shot of tweets where the American chef offered cooking tips alongside British rock musician Gavin Rossdale, the company showcased the way people express themselves on the online messaging service.
(Reuters) – Just about everyone in Silicon Valley has dreamed of striking it rich with a well-timed investment. Analysts estimate that when Twitter debuts on public markets, its valuation will hit around $10 billion. Here is a list of the number of shares owned by some of the people and investment firms that will benefit the most from Twitter’s initial public offering:
Executive officers and directors:
Evan Williams 56,909,847 shares, or 12 percent. Williams was Twitter’s CEO until 2010, when current CEO Dick Costolo took the helm. He is now working on a publishing platform, Medium, which is dedicated to long-form content.
Oct 3 (Reuters) – Just about everyone in Silicon Valley has
dreamed of striking it rich with a well-timed investment.
Analysts estimate that when Twitter debuts on public markets,
its valuation will hit around $10 billion. Here is a list of the
number of shares owned by some of the people and investment
firms that will benefit the most from Twitter’s initial public
Executive officers and directors:
Evan Williams 56,909,847 shares, or 12 percent. Williams was
Twitter’s CEO until 2010, when current CEO Dick Costolo took the
helm. He is now working on a publishing platform, Medium, which
is dedicated to long-form content.
SAN FRANCISCO (Reuters) – Over a sushi lunch on Monday in downtown Boulder, Colorado, venture capitalists at early-stage investment fund Foundry Group decided to act on an initiative that aims to admit more than the usual foundations and university endowments to the VC clubhouse.
Last week, a change in federal regulations allowed AngelList, a site that has connected startups with potential investors since 2010, to let its companies and their backers publicly solicit funding. AngelList took the wraps off a program that Foundry and many others have embraced: syndicates that comprise large groups of individual investors.
SAN FRANCISCO (Reuters) – Software giant SAP AG said it is allocating more than $650 million to a new venture fund, SAP Ventures Fund II, showing the growing role that corporations are taking on in funding the world’s youngest companies.
Investing cash into start-ups via corporate venture arms is increasingly popular among big companies, while providing more competition to traditional venture capitalists. Some 10.9 percent of venture dollars came from corporations in the first half of this year, according to the National Venture Capital Association, up from 8.4 percent for all of last year and 7.7 percent in 2011.
SAN FRANCISCO (Reuters) – Average sizes of both initial public offerings and acquisition prices dropped for venture-backed companies last quarter as some companies battled a tough environment in their sector and others faced outsized comparisons from a year earlier.
Data from the National Venture Capital Association and Thomson Reuters showed 26 venture-backed companies held IPOs last quarter, more any quarter since the final three months of 2010, but the average offer amount dropped by 10 percent from a year ago to $103 million.