Obama calls for reforms to support the “next Steve Jobs”
In his State of the Union address Tuesday night, President Obama recognized startups and entrepreneurs for innovating and creating new jobs, while calling for reforms that would support everyone who “aspires to become the next Steve Jobs.”
The speech focused heavily on leveling the playing field between the U.S. and other countries so that America’s economy could be more competitive, and included key calls to action that would directly affect the startup community. He asked … Continue Reading
Alibaba Group seeks $4B financing to buy back Yahoo’s stake of the company
China-based e-commerce giant Alibaba Group is apparently seeking $4 billion in debt financing to buy the 40 percent stake in Alibaba currently owned by iconic web company Yahoo.
The news was revealed after Alibaba’s debt adviser Rothschild sent out term sheets to banks, according to a Reuters report that cites people familiar with the matter.
Alibaba, a privately owned group of web-based businesses, is well-known for its online marketplaces for business-to-business international and domestic trade. … Continue Reading
Sprint bails out Clearwire with $1.6B deal
Sprint has agreed to pay $1.6 billion to struggling wholesale wireless provider Clearwire over the next four years, the companies announced today.
The deal will give Sprint unlimited access to Clearwire’s WiMax wireless network, which is noticeably slower and much harder to upgrade than the LTE networks used by competing carriers AT&T and Verizon. Meanwhile, Clearwire’s investors can breathe a sigh of relief, as this dispells fears that the company would declare bankruptcy because it … Continue Reading
Angie’s List posts $13 IPO share price, as offering window creaks open
As the tech IPO window creaks open, contractor reviewing site Angie’s List has announced a $13 opening share price for a planned initial public offering later this month.
Evelyn Rusli of The New York Times reports that the company plans to raise approximately $114.3 million by issuing 8.79 million shares, with underwriters Bank of America Merrill Lynch keeping open the option of adding an additional 1.3 million shares, if the initial flotation is oversubscribed.
Angie’s … Continue Reading
FAQ: What the new U.S. crowdfunding bill means for entrepreneurs
Last week, the U.S. House of Representatives passed a crowdfunding bill that will allow startups to offer and sell securities via crowdfunding sites and social networks. If passed by the Senate and signed off by the President, the bill will become a law, giving entrepreneurs new options for raising money for their companies.
Here’s a look at the current and proposed crowdfunding rules, and how this bill could shake things up for startups.
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CleanPath opens $800M fund for solar projects
Renewable energy investment firm CleanPath announced today that it has raise an $800 million fund that will be used to invest in large-scale solar projects.
The projects will range from ones that will generate 5 megawatts worth of power to more than 100 megawatts. The firm is hoping to invest in projects that will generate around 1 gigawatt worth of power by 2016. Most of the projects the company will invest in will generate between … Continue Reading
Independent mobile ad network JumpTap raises $25 million
It seems that there’s still room for independent mobile advertising networks. Mobile advertising company JumpTap announced today that it has completed a $25 million financing round. The capital will be used to recruit new employees and for product and technology development. The company recently hired high-level executives to support growth in the future.
The funding comes from existing investors including AllianceBernstein, General Catalyst, Redpoint Ventures, Summerhill Ventures, Valhalla Partners and WPP. There were also unnamed … Continue Reading
5 ways to make your start-up attractive to VCs
It seems that there’s still room for independent mobile advertising networks. Mobile advertising company JumpTap announced today that it has completed a $25 million financing round. The capital will be used to recruit new employees and for product and technology development. The company recently hired high-level executives to support growth in the future.
The funding comes from existing investors including AllianceBernstein, General Catalyst, Redpoint Ventures, Summerhill Ventures, Valhalla Partners and WPP. There were also unnamed … Continue Reading
A VC's tips on securing seed and series A financing
It seems that there’s still room for independent mobile advertising networks. Mobile advertising company JumpTap announced today that it has completed a $25 million financing round. The capital will be used to recruit new employees and for product and technology development. The company recently hired high-level executives to support growth in the future.
The funding comes from existing investors including AllianceBernstein, General Catalyst, Redpoint Ventures, Summerhill Ventures, Valhalla Partners and WPP. There were also unnamed … Continue Reading
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