money

Geoff Lewis has left Founders Fund to start his own fund

 Geoff Lewis has left Founders Fund, where he was partner, and is starting a venture fund of his own. This means he’ll no longer be working with Peter Thiel, directly anyway. Founders Fund will be one of his LPs. The news was first reported by Bloomberg, which said that he intends to raise more than $100 million for the new fund. We understand that the exact amount has not been… Read More

Teenage bitcoin millionaire is back with a better Botangle

 Erik Finman gained notoriety and a certain fame as a 14-year-old entrepreneur and bitcoin investor who’d managed to turn a $1,000 investment in the cryptocurrency into more than a million dollars and a chance to never see the inside of a college institution. Now, several years after its sale, Finman is buying back his original startup: Botangle. Read More

Bitcoin breaks $3,000 to reach new all-time high

 Bitcoin has reached a record high valuation of $3,000 per coin to complete a rollercoaster week that begin with the long-awaited split of the cryptocurrency. A number of exchanges, including popular destinations Coinbase and Kraken, valued a single bitcoin at over $3,000, an all-time high that is up $485 on the valuation one month ago. Earlier this year, Bitcoin surged to surpass $2,000 for… Read More

Paytm, India’s top digital payment firm, plans to rival WhatsApp with messaging and games

 WhatsApp is about to get an unlikely competitor in India, its largest global market based on users. That’s because Paytm, the $8 billion-valued company behind the country’s top digital wallet, is in the process of expanding its services into person-to-person communication, games and other mobile content. The planned update, which was first reported by the Wall Street Journal, will… Read More

What should you do before tomorrow’s Bitcoin split?

 August 1st is almost upon us and the great Bitcoin “hard fork” is about to confuse the heck out of the casual cryptocurrency observer. Here’s what you should know. Quite simply, if you are using an exchange that is explicitly in support of the Bitcoin Cash or you control your own private keys then you are fine. If you are keeping your bitcoin on an exchange, like Coinbase,… Read More

SAIF Partners closes new $350M fund for India’s resurgent tech startup scene

 SAIF Partners, one of India’s most active tech investment firms, has returned with a new fund of $350 million, its sixth to date. Unlike other firms, SAIF opted to keep its newest fund at the same size as its previous one because it allows it to be selective on deals, a number of partners told TechCrunch in an interview. SAIF has more than $4 billion in assets under management. Its… Read More

Gas pump card skimmer now phones home

 In an unsurprising move by credit card thieves, police have found a new credit card skimmer that sends stolen data via SMS. By tearing apart cheap phones, crooks are able to send credit card information to their location instantly without having ...

Binary Capital co-founder Justin Caldbeck quits as Matt Mazzeo steps away from the firm

 Justin Caldbeck, the co-founder of Binary Capital, and Matt Mazzeo, the firm’s newest partner, have both resigned from the venture firm, according to a statement from the firm’s remaining co-founder Jonathan Teo. The statement confirms reporting earlier in the evening on Sunday from Axios and comes as the investment firm struggles to remove the stain of allegations of sexual… Read More

Binary Capital co-founder Justin Caldbeck quits as Matt Mazzeo steps away from the firm

 Justin Caldbeck, the co-founder of Binary Capital, and Matt Mazzeo, the firm’s newest partner, have both resigned from the venture firm, according to a statement from the firm’s remaining co-founder Jonathan Teo. The statement confirms reporting earlier in the evening on Sunday from Axios and comes as the investment firm struggles to remove the stain of allegations of sexual… Read More

Global risk analysis gets an artificial intelligence upgrade with GeoQuant

 The global risk analysis used by big banks, hedge funds, and governments to inform their decision-making around everything from foreign currency investment to foreign aid is getting the machine learning treatment with the launch of the new startup GeoQuant.  Read More

Addepar raises $140 million so more of the ultra rich can know exactly what they’re doing with their money

 Addepar, the provider of data collection and monitoring services for the financial industry (it’s Palantir’s somewhat less ethically compromised cousin), has raised a whopping $140 million in its latest round of funding. The company’s financing, which likely makes it a unicorn if it wasn’t already (company chief executive Eric Poirier refused to comment on the… Read More

Omise to raise $19M in first cryptocurrency sale from a major VC-backed startup

 The tech industry is opening its eyes to the possibilities of raising money using cryptocurrencies like bitcoin and Ethereum through ‘initial coin offerings,’ and it’s about to see the first ICO from a major venture-backed company. Last week, Kik, a messaging app popular with young people in North America, announced an ambitious plan to launch its own currency as a basis for… Read More