Square Now Processing $4 Million In Mobile Payments Per Day
Backlink: http://feedproxy.google.com/~r/Techcrunch/~3/ub-iSmYR3QE/
Showing posts with label $. Show all posts
Showing posts with label $. Show all posts
Sunday, July 31, 2011
Square Now Processing $4 Million In Mobile Payments Per Day
Flush with $100 million in new funding, Square is continuing to grow like a weed in the mobile payments space. After passing the $3 million mark at the end of May, Square is now processing $4 million in mobile payments daily, and is on track to reach over $100 million in transactions in July. And COO Keith Rabois tells us that he expects the company to double this volume by October.
In late June, Square raised a massive round of funding, which valued the company above $1 billion. At the time of the announcement, it was revealed that Square was processing nearly $4 million in payments per day, but the company has surpassed that mark a month later. Rabois tells us international expansion is part of the next phase of growth. He expects to initial launch payments capabilities outside of the U.S. in 2012.
Tuesday, July 26, 2011
This Profitable, $100 Million Revenue Startup Doesn't Want To Go Public
LegalZoom, the startup that makes it easy to build and use legal documents, has told TechCrunch it raised $66 million in funding from Kleiner Perkins and IVP.
This is despite the fact that the company says it's profitable with revenues over $100 million, the magic number most people say you need to hit to contemplate an IPO, and that tech IPOs are all the rage again.
First of all, these are very impressive numbers for a fairly under the radar, but highly disruptive startup. LegalZoom isn't a legal consulting service, but replaces many of the rote services that lawyers do for large fees: think drawing up a will, incorporating a business and the like. Most of these documents can be standardized and you shouldn't need a lawyer for them. That's where LegalZoom's software comes in.
LegalZoom CEO John Suh says he clearly wants to IPO at some point but it's too early and too much bother. It's interesting that big tech companies are still saying that despite the wave of blockbuster tech IPOs that's starting.
More on IPOs:
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See Also:
- Zillow Prices IPO At $20 Per Share
- This 21-Year-Old Just Sold Her Startup For $100 Million
- Ex-LivingSocial Sales Guy: "There's Going To Be An Implosion And A Major Shakeout In The Industry"
This Profitable, $100 Million Revenue Startup Doesn't Want To Go Public
Saturday, July 23, 2011
Microsoft’s Online Business For The Year: Over $2.5 Billion …Lost
Microsoft had one hell of a year. Their best ever, in fact, from a revenue perspective. They're no Apple, but hey, who is? Nearly $70 billion in revenue for what is primarily a software company is amazing. But the great numbers continue to mask one thing: the gaping, blood-soaked wound that is the Online Services Division.
Reading Microsoft's press release on their earnings, you'd think everything is fantastic in the division. "Online Services Division revenue grew 17% for the fourth quarter and 15% for the full year, primarily driven by increases in search revenue." Big growth! Awesome!
Wait a minute...
Microsoft’s Online Business For The Year: Over $2.5 Billion …Lost
Backlink: http://feedproxy.google.com/~r/Techcrunch/~3/5wC8kZwVBP4/
Wednesday, July 20, 2011
This 21-Year-Old Just Sold Her Startup For $100 Million
In 2005, Catherine Cook and her brother David had an idea for a startup. The high schoolers flipped through a yearbook and wanted to make a digital version.
The 15-and-16-year-olds got to work and created MyYearbook. In the 6-year span, the duo raised $17 million in financing, grew the site to 70 million users, and generated 1.2 billion monthly pageviews.
Today, a publicly-traded Latino social network, Quepasa, announced its $100 million acquisition of MyYearbook. The majority of the deal, $82 million, is Quepasa common stock. The other $18 million is cash.
Geoff Cook, MyYearbook's CEO and sibling of Catherine and David, wrote a letter to his 100+ employees:
"I don’t consider this an exit or the end. I consider it the end of the beginning, and I believe we have a lot more innovative products to create," he says.
Welcome to retirement Catherine, Geoff and David! Although we're sure this won't be the last company they create.
The Cooks aren't the only entrepreneurial kids who have made tons of money. Check out 10 pre-teens who make millions more than their parents >>
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See Also:
- The Big Spotify Surprise: Free Music On Demand For SIX MONTHS
- The Truth About New Zealand's Startup Scene
- "DON'T Do A Startup, You Will FAIL"
This 21-Year-Old Just Sold Her Startup For $100 Million
Tuesday, July 19, 2011
Comment on Have thoughts on Google+? Take our survey and win a $50 gift card! by Will
Please elaborate. I didn't detect any bias.
Comment on Have thoughts on Google+? Take our survey and win a $50 gift card! by Will
Tuesday, July 12, 2011
Saturday, July 9, 2011
Comment on Netflix launches a new $7.99 DVD-by-mail plan by Kevin
Exactly. It's not up to Netflix to "just stream everything." Many rights holders are holding out on offering their property anywhere.
And to be honest, the last thing I would want Netflix to do is attempt to emulate Hulu with their horrible Hulu Plus Service.
Comment on Netflix launches a new $7.99 DVD-by-mail plan by Kevin
Backlink: http://gigaom.com/video/netflix-799-dvd-plan/#comment-637947
Friday, July 8, 2011
Comment on Netflix launches a new $7.99 DVD-by-mail plan by A S
While I agree that streaming licences are very expensive now and sometimes totally unavailable, I wouldn't say we should 'never' expect an all-streaming future. It's going to happen sooner or later. DVDs are going to be as passe as floppy disks.
Comment on Netflix launches a new $7.99 DVD-by-mail plan by A S
Backlink: http://gigaom.com/video/netflix-799-dvd-plan/#comment-637850
Thursday, July 7, 2011
CONFIRMED: Turntable.fm Has Raised $7.5 Million Round At $37.5 Million Valuation
We read earlier today that group music/DJ site Turntable.fm was raising a multi-million-dollar round.
After speaking with sources involved in the financing, we can confirm that term sheets were indeed signed yesterday (the deal is so fresh the money has yet to hit Turntable.fm's bank account).
Turntable.fm raised $7.5 million at a $37.5 million valuation.
All of the initial investors are in on the round, plus one additional investor. They're excited by Turntable.fm's rapid growth and potential.
First Round Capital principal and Turntable.fm investor Charlie O'Donnell recently tweeted, "If Turntable.fm asked me to pay a subscription to take it mobile... I'd do it in a heartbeat."
The startup has been the talk of New York City since it launched two months ago from the ashes of failed company, StickyBits. We wrote about it last month as one of the hot 25 NYC startups you needed to watch.
Now the music startup has 300,000+ users who include prominent venture capitalists like Bijan Sabet and Fred Wilson, as well as DJ Sir Mix-A-Lot of "Baby Got Back" infamy.
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See Also:
- Can This Startup Beat IBM, Microsoft, SAP And Oracle?
- Travel Site Ostrovok Is Launching Next Week With $13 Million From Accel and General Catalyst
- How Groupon Is Like Google And Why Recruiting Is A Nightmare Now
CONFIRMED: Turntable.fm Has Raised $7.5 Million Round At $37.5 Million Valuation
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