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The payments market in the U.S. couldn’t be be more competitive, and now yet another player is entering the mix. Stockholm-based Klarna is set to announce its U.S. team ahead of expansion plans into North America, which will begin in earnest at the beginning of 2015. Klarna, a European giant, which has raised $282.1 million over six rounds of financing, according to CrunchBase, has set… Read More
That’s the gist of a recent interview that venture capitalist Bill Gurley gave. His words matter because they cut to the simple fact that too many companies are burning too much money. Making money is better than losing money, but losing money — burn — can be the prudent and responsible thing to do. Under certain circumstances, it’s great to burn: If you are quickly… Read More
Facebook will not be changing its real-name policy for the drag queen community. San Francisco drag queens met with representatives from the company yesterday afternoon to talk through a recent mass deletion of their personal profile pages. Facebook started deleting accounts of hundreds of members of the drag community last week after deciding these profiles were in violation of the policy. Read More
In the first installment of One Lap, Matt Galligan joined me at Thunderhill Raceway to talk about his mobile news application, Circa.
I first met Matt in Boulder, Colo., in early 2010 shortly after he started SimpleGeo, an infrastructure provider for location-aware applications. A few years later, he sold SimpleGeo and founded Circa. Along the way, he’s learned a lot of lessons about… Read More
In 2001, Arthur Levine, then president of Columbia University Teacher’s College, predicted that one day faculty members would become free agents, increasingly independent of their colleges and universities. “It is only a matter of time before we see the equivalent of an academic William Morris Agency,” Levine, now president of the Woodrow Wilson Foundation, wrote in The… Read More
Those who have to keep track of how they spend their time working during the day can’t do much better on iOS than Hours, Apple Design Award winner Tapity’s latest app. We recommended the app when it launched back in July, and now the Tapity team has released an update for iOS 8 that helps you keep on top of your tasks with even less hassle. Read More
Enterprise software company SAP just announced that has agreed to acquire Concur Technologies, maker of expense and travel management tools that are used by 23,000 businesses (including TechCrunch and its parent company AOL).
The deal is for $129 per share, which is 20 percent higher than Concur’s closing price on Sept. 17 (yesterday). That gives Concur an enterprise value of $8.3 billion. Read More
Snapchat could be the new way to experience sporting events from afar. At the very least, sports and athletics brands are jumping up and down trying to reach the young, active demographic Snapchat has captured. That’s why the ephemeral app’s latest hire has so much potential. Snapchat just poached Eric Toda, Nike’s global director of digital to help run its business and… Read More
It was the best of times, it was the worst of times, it was the age of Minecraft, it was the age of Square, it was the epoch of burn, it was the epoch of crash, it was the season of growth and it was the season of collapse. Or so Dickens might have written if he had lived in San Francisco. The Bubble is back in the news again following comments made by Bill Gurley, the well-known Benchmark… Read More