Digg raised a $5 million-ish inside round.
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Digg raises a $5 million-ish inside round.
Showing posts with label raises. Show all posts
Showing posts with label raises. Show all posts
Tuesday, July 12, 2011
Friday, June 24, 2011
Foursquare Raises $50 Million At $600 Million Valuation
Foursquare just raised $50 Million at a post money valuation of $600 Million. Andreessen Horowitz led the round.
Spark Capital joined the round.
No insiders sold stock, unlike last time.
The money will go toward hiring and building out the merchant platform.
O'Reilly AlphaTech Ventures and Union Square Ventures also participated.
It's a mild upset that Union Square Ventures didn't lead the round with its new later stage fund.
Here's CEO Dennis Crowley's blog post on the news:
Foursquare is not just about the check-in, or recommendations, or points, or badges. It’s about making the world easier to use. It’s about discovering new places, connecting with friends, and forging new relationships with the places you visit. It’s finding new ways to layer technology on the real world. All of our employees believe strongly in this vision, and we’re incredibly lucky to have investors and a board that feel the same way.
Today, we’re really excited to announce that we’ve raised $50 million in funding so that we can keep working towards our goals. The new round, led by Andreessen-Horowitz, includes our current VCs (O’Reilly AlphaTech Ventures and Union Square Ventures), as well as Spark Capital. Having our current investors double down on us is a tremendous gesture of support for foursquare and for the direction we’re headed.
The additional capital will allow us to move more quickly; we can hire more engineers (we’re hiring in New York and San Francisco!), evolve our merchant offerings, expand internationally, and try a ton of new things. In the last year, we’ve grown from 15 employees to over 70, and our community has grown from under 1 million to over 10 million. The opportunity to build something meaningful in the location space is HUGE, and we feel well-positioned to capitalize on it. We’re encouraged by how far we’ve come, and we’re so excited to have such great support, from both our community and our investors, as we work to build what’s next.
Thanks (and looking forward to more great things)!
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See Also:
- $41 Million Startup Color Is Forced Into An Early, Buzzword-Laden Pivot
- Foursquare Hits 10 Million User Accounts
- SAICAST: Why Color’s Pivot Is Not A Big Deal
Foursquare Raises $50 Million At $600 Million Valuation
Wednesday, June 8, 2011
Coupons.com raises $200M to meet booming deal demand
The business of helping people save money on the web just keeps getting bigger. Digital coupon company Coupons.com has closed on a $200 million funding round brokered by boutique investment bank Allen & Company.Coupons.com raises $200M to meet booming deal demand
Backlink: http://feedproxy.google.com/~r/OmMalik/~3/6sXuIfS5J4o/
Thursday, April 21, 2011
Big Raises For Microsoft Employees! (MSFT)
Microsoft CEO Steve Ballmer just sent out an internal memo promising "significant investment in overall compensation."
The new money will mostly come in the form of more likely-to-be-paid bonuses.
"We are increasing funding for our bonus and stock awards so we can deliver 100% or more of target bonus and stock awards to 80% of our eligible employees," writes Ballmer. "This is up from about 50% in prior years."
As a part of the deal, employees will get less stock and more cash.
Ballmer is also getting rid of Microsof't current employee reviews system, in favor of "a single performance rating with clear rewards."
The war for talent is exceptionally competitive in tech right now. Last fall, Google gave all of its employees a spontaneous $1,000 bonus and 10% raise.
Here's the whole memo via GeekWire:
Reviews. We are retiring our current system (commitment rating and contribution ranking) and moving to a single performance rating with clear rewards. We are making this change so all employees see a clear, simple, and predictable link between their performance, their rating, and their compensation. Each rating at each level will now have set compensation tied to the rating.
These ratings will be based on the results you accomplished during the review period (assessed against your commitments), how you accomplished them, and your proven capability. Ratings will be a simple 1-5 system with relative performance being assessed across common peer groups.
Compensation. We are increasing our investment in compensation across the board.
The following changes will take place at review this September:
* For all employees, we will have merit increase opportunities aligned with local market dynamics and performance rating.
* We will make important increases in compensation for specific populations where the market has moved the most – early and mid-level R&D, mid-level company-wide and certain geographies.
* For all employees, we will shift a portion of stock award targets into base salary, providing more cash up front and obvious incremental employee value. Senior leaders will continue to have a large portion of their overall compensation in stock to ensure their compensation is heavily tied to the financial performance of the company.
* We are increasing funding for our bonus and stock awards so we can deliver 100% or more of target bonus and stock awards to 80% of our eligible employees. This is up from about 50% in prior years. The additional funding ensures our approach continues to support higher payouts to top performers.
Click here for updates to this breaking story.
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See Also:
- 10 Crazy Stories About Bill Gates From Paul Allen's New Book
- The Great Decisions And Lucky Breaks That Made Microsoft The Most Powerful Company In The World
- This Chart From Goldman Sachs Shows Why The BlackBerry PlayBook Is Doomed
Big Raises For Microsoft Employees! (MSFT)
Wednesday, April 13, 2011
Online Content Empire Sugar Inc Raises $15 Million More
Sugar Inc, a network of content and commerce sites aimed at women, has raised another $15 million in funding from Sequoia Capital and Institutional Venture Partners, AllThingsD's Kara Swisher writes. This brings its total funding to $46 million.
Sugar is a content powerhouse aimed at women with a network of blogs and a social shopping operation. The company will use the money for international expansion and acquisitions.
It's one of the biggest success stories of online content creation. There had been rumors that Yahoo or AOL would want to acquire them now that their strategy includes a stronger media focus, but AOL bought the Huffington Post instead and Sugar says it wants to remain independent anyway.
For more on Sugar Inc, don't miss our Q&A with Sugar Inc founder Brian Sugar →
For the latest tech news, visit SAI: Silicon Alley Insider. Follow us on Twitter and Facebook.
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See Also:
- Hyperactive SuperAngel Dave McClure Starts Fund By And For Designers
- Tiny Startup Solves HUGE Media Problem
- EXPLAINER: What Is The Freemium Business Model?
Online Content Empire Sugar Inc Raises $15 Million More
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