A new, exclusive dating app that’s still under wraps just got a $2.1 million beta-boost from a group of angel investors and venture capitalists. It’s called The League. Its motto: Date, Intelligently.
Cash rained down on startups in 2014 but with valuations so high, critics suggest some investors may be setting themselves up for a major fall.
Uber’s $40 billion valuation had investors from Wall Street to Silicon Valley abuzz a day after the ride-sharing company announced it had received more money from venture capitalists than any private company this year.
Netscape founder Marc Andreessen says startups are burning too much cash right now, at a rate similar to the 1999 dot com bubble, according to Business Insider. Andreessen went on Twitter last week to warn that overspending companies will “vaporize” when the broader stock market begins to go south.
The proposal is calling for an initial $250 million investment to finance faculty and student-led startups.
After just 4 years in business, a San Francisco startup — ride-sharing service Uber Technologies — has received a $1.2 billion investment round for a valuation of $17 billion.
Entrepreneurs and investors say Silicon Valley’s fast growing financial ties with Russia’s tech sector are being slowed down by current political tensions between the White House and the Kremlin.
A new study shows that funding for business startups declined in 2012, the first time that’s happened in three years, as venture capitalists spent less money on fewer deals.
Both public and private sector leaders agree San Francisco has become a major driver of the high-tech community, with the growth of social media pushing the boundaries of what is considered Silicon Valley.
The Silicon Valley venture capital firm of Kleiner, Perkins, Caulfied & Byers has been generating buzz for decades, spotting early investment opportunities and making billions with companies like Google and Amazon. This summer, the attention is no different, but the reason for it is.