Posts filtered by tags: Dick Costolo[x]


 

The Station: The lidar SPAC craze and 10 investors give their mobility predictions

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox.  Hi friends and new readers, welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. Before you get to reading The Station, a small update for you. As transportation editor — a new title I gained last month — I am focused on building a team and deepening our co...
Tags: Google, Transportation, Facebook, New York, Dick Costolo, California, New York City, Los Angeles, Tech, Bloomberg, Automotive, Porsche, Gm, Starwood, Silicon Valley, Bmw


Daily Crunch: Axiom Space raises $130M

A space startup connected to the International Space Station raises $130 million, Atlassian releases a new version of Trello and bitcoin briefly passes $50,000. This is your Daily Crunch for February 16, 2021. The big story: Axiom Space raises $130M Founded in 2016, Axiom Space is working with NASA to add privately developed space station modules to the International Space Station. It’s also the service provider for the first private astronaut launch to the ISS, scheduled for January 2022 using ...
Tags: Europe, Justice, Dick Costolo, Funding, Tech, Nasa, Iss, Aerospace, Coinbase, Bain, Adam Bain, Falcon, SPAC, Pex, Darrell Etherington, Axiom Space


LA-based Metropolis raises $41 million to upgrade parking infrastructure

Metropolis is a new Los Angeles-based startup that’s looking to compete with BMW-owned ParkMobile for a slice of the automated parking lot management market. Upgrading ParkMobile’s license plate-based service with a computer vision based system that recognizes cars as they enter and leave garages has been Metropolis’ mission since founder and chief executive Alex Israel first formed the business back in 2017. Israel, a serial entrepreneur, has spent decades thinking about parking. His last compa...
Tags: Cleaning, TC, Facebook, Florida, Storage, Dick Costolo, La, Softbank, Israel, Los Angeles, Tech, Transport, Nba, Starwood, Metropolis, Bmw


01 Advisors, the venture firm of Dick Costolo and Adam Bain, has closed fund two with $325 million

Dick Costolo and Adam Bain, renowned early Twitter execs who served as company’s CEO and its chief operating officer, respectively, have quietly closed a second venture fund just one-and-a-half years after disclosing they’d secured $135 million for a debut fund under their firm, 01 Advisors. According to an SEC filing, they wrapped up their second fund late last week with $325 million in capital commitments from 81 investors. We’ve reached out to the firm and hope to share more soon. In the mean...
Tags: TC, Twitter, Dick Costolo, Israel, San Francisco, Tech, Virgin Galactic, Venture Capital, SEC, DST Global, Bain, Felicis Ventures, Adam Bain, Browns, SPAC, Kovacs


Literati raises $40M for its book club platform

Literati has raised a $40 million Series B to pursue an unusual startup opportunity — namely, book clubs. Founder and CEO Jessica Ewing (a former product manager at Google) explained that the Austin-based company started out with book clubs for kids, before launching its Luminary brand for adult book clubs last year. And the Luminary clubs live up to the name — they’re curated by notable figures such as activist and Nobel laureate Malala Yousafzai, NBA star Stephen Curry, entrepreneur and philan...
Tags: Google, Amazon, Startups, TC, Dick Costolo, Austin, Nba, Richard Branson, Malala Yousafzai, Book Club, Oprah, General Catalyst, Curry, Felicis Ventures, Adam Bain, Shasta Ventures


Tipalti receives $150M at a $2B+ valuation after its accounts payable platform sees a surge in use

Digital transformation has been one of the big enterprise themes of 2020: organizations are doubling down on cloud services both to link up suddenly remote teams and centralize apps, documents and data in a more efficient way. Today, one of the startups that has filled out that story with a cloud-based suite of accounting services is announcing a major round of funding on the back of massive growth. Tipalti, an Israeli company that helps businesses manage suppliers, invoices, purchase orders, ta...
Tags: Startups, TC, Twitter, Europe, Enterprise, Dick Costolo, Finance, Tech, Bill, TCUK, Bain, Greenoaks Capital, Chen, Coupa, T Rowe Price, Tipalti


Chamath launches SPAC, SPAC and SPAC as he SPACs the world with SPACs

SPACs are going to rule the world, or at least, Chamath’s future portfolio. Chamath Palihapitiya, the founder of Social Capital, has already tripled down on SPACs, the so-called “blank check” vehicle that takes private companies and flips them onto the public markets. His first SPAC bought Virgin Galactic last year, and his second SPAC bought Opendoor this week in a blockbuster deal valuing the instant home sale platform at $4.8 billion, less cash. His third SPAC officially fundraised in Apri...
Tags: Facebook, Dick Costolo, Finance, Tech, Virgin Galactic, Ian Osborne, Chamath Palihapitiya, SPAC, Social Capital, Simon Williams, Jay Parikh, Nirav Tolia, Opendoor, Palihapitiya, Chamath, Hedosophia


Twitter ex-CEO says 'crazy' returns on platform stocks remind him of the dot-com era

Pedro Fiúza/NurPhoto via Getty Images Former Twitter CEO Dick Costolo told CNBC that platform stocks are "crazily priced" and remind him of the dot-com era in the early 2000's. "Zoom is a great company but at $125 billion you have to raise an eyebrow," he said.Costolo added that the market is underpricing the risks of the election and rising tensions between the US and China. Read more on Business Insider. Former Twitter CEO Dick Costolo told CNBC on Wednesday the year-to-date returns on p...
Tags: Twitter, Dick Costolo, China, US, Trends, Markets, Stock Market, Mongodb, Cnbc, Twilio, Tech Bubble, Index Ventures, Zoom, Twitter Ceo, Market Outlook, Record High


Stream, whose APIs help product teams build chat and activity feeds fast, just raised a $15 million Series A round

Earlier this year, the founders of Stream,  a five-year-old, 60-person startup with offices in Boulder and Amsterdam, weren’t feeling so great about their prospects. As COVID-19 began its spread in the U.S., some smaller customers of the startup — whose APIs enable product teams to build chat and activity feeds for their applications — began to fold. “It was really scary when [the virus] initially hit, because a lot of our smaller customers went out of business, which made us worry about what wo...
Tags: TC, Dick Costolo, San Francisco, Tech, Harvard, Netherlands, Amsterdam, Boulder, Arthur Ventures, Dubsmash, Tom Preston Werner, Thierry Schellenbach, Tommaso Barbugli, Barbugli, Olivier Pomel, Schellenbach


Silicon Valley's favorite fashion designer shared the advice Jeff Bezos gave him for making a big decision: decide at 10:30 a.m. (AMZN)

Italian fashion designer Brunello Cucinelli recently shared some advice Amazon CEO Jeff Bezos gave him for making an important decision.  "He said, 'Normally, I make important decisions around 10:30 a.m. I'll discuss it the day before, I'll sleep on it and in the morning I'll actually make the decision,'" Cucinelli told The Wall Street Journal.  Cucinelli and Bezos have been friends for a few years, it seems. Last June, Bezos was a guest at Cucinelli's "Solomeo Summit" in Italy, which also inc...
Tags: Amazon, Facebook, Mark Zuckerberg, Instagram, Greece, Dick Costolo, Trends, Earth, Italy, Parthenon, Silicon Valley, Jeff Bezos, Seattle, Kevin Systrom, Wall Street Journal, Journal


Density, a startup using AI-powered sensors to help universities and meat packing factories make sure social distancing is being enforced, raises $51 million in a round led by Kleiner Perkins

The startup Density on Tuesday announced a $51 million Series C funding round led by Kleiner Perkins and joined by 01 Advisors. The 50-person company makes over-the-door sensors that monitor the flow of people through buildings without recording people's identities.  Customers include New York University, Notre Dame, and meat-packing plants. Density also helps businesses to monitor crowded and under-utilized space, which investors say could make it instrumental in the evolution of office space...
Tags: Dick Costolo, America, San Francisco, Trends, Paypal, Peter Thiel, Kleiner Perkins, Alex Rodriguez, Bain, Jason Calacanis, Density, Syracuse New York, Leslie Odom Jr, COO Adam Bain, New York University Notre Dame, Notre Dame New York University


Thanks to COVID-19, everybody wants Density’s technology tracking building occupancy and use

Before the COVID-19 epidemic, Density was being used by companies like TechCrunch’s parent company, Verizon, to see how it could better use office space after the Yahoo!/Aol merger. Now, thanks to the COVID-19 epidemic everyone wants the company’s technology to track building and room occupancy and use. It’s one reason why the company managed to raise $51 million in a new round of funding led by Kleiner Perkins with participation from previous investors like Dick Costolo’s 01 Advisors and the Lo...
Tags: TC, Verizon, Dick Costolo, Los Angeles, Tech, TechCrunch, Kleiner Perkins, Mark Suster, Density, Kleiner, Farah, Yahoo AOL, Ilya Fushman, Andrew Farah, Suster, Fushman


These are the execs leading Twitter as the company scrambles to get its house in order after the devastating hacker attack (TWTR)

Twitter suffered a blow to its image this week when hackers took over and posted a bitcoin scam on the verified accounts of some of Twitter's biggest users: Elon Musk, Jeff Bezos, Bill Gates, many others. Only a few months ago, Twitter had done battle with Elliott Management who was trying to oust CEO Jack Dorsey. Twitter cut a deal that ultimately added new board members, including one from Elliott.  Twitter also fairly routinely reshuffles its executive leadership. Here's a rundown of the pe...
Tags: Google, Facebook, Twitter, Microsoft, Yahoo, Dick Costolo, US, Trends, Bloomberg, Fbi, BrightRoll, Square, American Express, Department Of Justice, Jack Dorsey, Evan Williams


Twitter's ex-CEO stepped up the Silicon Valley beef and attacked Facebook for being a hotbed of anti-vaxxer Bill Gates conspiracy theories

There's a big spat between Twitter and Facebook right now over the nature of free speech and censorship online. Facebook CEO Mark Zuckerberg appeared on Fox News on Thursday to say Facebook won't apply fact-checks to political figures like Trump, following Twitter's decision to fact-check two of the president's tweets about mail-in voting. Former Twitter CEO Dick Costolo attacked Facebook late on Thursday saying it is a hotbed for anti-vaxxer coronavirus conspiracy theories. He cited a survey,...
Tags: Facebook, Mark Zuckerberg, Twitter, Microsoft, Minneapolis, Dick Costolo, California, Trends, Bill Gates, Silicon Valley, Fox News, Yougov, Jack Dorsey, Zuckerberg, Trump, Yahoo News


Sensor startup Density is posting record sales and landing Fortune 500 deals as it shifts to helping companies get staff back to work safely

Density tracks how many people go into buildings and uses predictive analytics to recommend adjustments to meetings and cleaning schedules, and its product has seen a boom in sales because of the coronavirus pandemic and the need for social distancing.  Marriott, the University of Notre Dame, and hard-hit meat-packing facilities are using Density's over-the-door sensors and Safe, its recently released software.  Tech heavyweights, such as former Twitter CEO Dick Costolo and the well-known ange...
Tags: Dick Costolo, US, San Francisco, Trends, Indiana, Peter Thiel, Marriott, Yankees, Alex Rodriguez, Jason Calacanis, Density, University of Notre Dame, NTT, Farah, Rodriguez, Syracuse New York


A people-counting startup with funding from Peter Thiel and baseball legend Alex Rodriguez is helping companies bring people back to work safely

Density tracks how many people go into buildings and uses predictive analytics to recommend adjustments to meetings and cleaning schedules, and its product has seen a boom in sales because of the coronavirus pandemic and the need for social distancing.  Marriott, the University of Notre Dame, and hard-hit meat-packing facilities are using Density's over-the-door sensors and Safe, its recently released software.  Tech heavyweights, such as former Twitter CEO Dick Costolo and the well-known ange...
Tags: Dick Costolo, US, San Francisco, Trends, Indiana, Peter Thiel, Marriott, Yankees, Alex Rodriguez, Jason Calacanis, Density, University of Notre Dame, NTT, Farah, Rodriguez, Syracuse New York


This people-counting startup with funding from Peter Thiel and baseball legend Alex Rodriguez is helping companies bring people back to work safely

Startup Destiny tracks how many people go into buildings and uses predictive analytics to recommend adjustments to meetings and cleaning schedules, and its product has seen a boom in sales due to the coronavirus pandemic and the need for social distancing.  Marriott, the University of Notre Dame, and hard-hit meat-packing facilities are using Density's over-the-door sensor hardware and recently released software product, Safe.  Tech heavyweights such as former Twitter chief Dick Costolo and we...
Tags: Dick Costolo, US, Trends, Indiana, Peter Thiel, Marriott, Yankees, Alex Rodriguez, Density, University of Notre Dame, NTT, Farah, Rodriguez, Syracuse New York, Costolo, Jason Calcanis


Electric gets another $7 million in funding from 01 Advisors and the Slack Fund

Electric, the platform that puts the IT department in the cloud, has today announced new funding following a continuation of its Series B earlier this year. Dick Costolo and Adam Bain (01 Advisors) and the Slack Fund participated in the $7 million capital infusion. 01 Advisors put up the majority of the financing ($6 million) with the Slack Fund putting up a little under $1 million and other insiders covering the rest, according to Electric founder and CEO Ryan Denehy. The funding sit...
Tags: Startups, TC, Enterprise, Dick Costolo, Tech, SaaS, Venture Capital, Electric, Adam Bain, Slack Fund, Denehy, Ryan Denehy, 01 Advisors, Electric Electric, Moreover Electric, Jason Spinell


Here's the pitch deck used by payments company SpotOn Transact to raise $50 million from former Twitter executives

San Francisco-based SpotOn Transact just raised $50 million from former Twitter executives Dick Costolo, former COO Adam Bain, and former corporate development and investor relations executive David Rivinus.  The funding was led by the social media giant's former executives' investment and advisory firm 01 Advisors and will go towards helping SpotOn target "exponential growth." The startup, which has more than 800 staff, provides payments and software services to small- and medium-sized busine...
Tags: Twitter, Dick Costolo, Mexico, US, San Francisco, Trends, Poland, Denver, Business Insider, Zach, COO Adam Bain, Chicago Detroit, Horsley, Doron Friedman, Matt Hyman, RJ Horsley


SpotOn taps $50M to take on Square and more in payments and financial services for SMBs

Small and medium enterprises make up the vast majority of businesses globally, and today a startup building merchant services to help them operate is announcing a growth round to address that opportunity. SpotOn — which provides point of sale payment solutions, alongside a number of related tools such as marketing, appointment booking and loyalty services — has raised $50 million in funding, a Series B that it plans to use to keep expanding its business after a strong year: in the last 12 months...
Tags: TC, Twitter, Dick Costolo, US, San Francisco, Tech, Square, Jack Dorsey, Zachary, Franklin, TSYS, Doron Friedman, Matt Hyman, Dick Costolo Adam Bain, David Rivinus, Dragoneer Investment Group Franklin Templeton


Electric reopens Series B to make room for Dick Costolo and Adam Bain

Electric, the platform that delivers IT services to small and medium businesses, has today announced that it has raised an additional $14.5 million on its Series B from 01 Advisors, the fund led by Twitter alums Dick Costolo and Adam Bain. Though the funding is a part of the company’s Series B financing, founder Ryan Denehy explained that the deal was signed on a uptick in valuation, though wouldn’t elaborate further. Electric raised a $25 million Series B led by GGV in January of 2019. The co...
Tags: Travel, Startups, TC, Twitter, Enterprise, Dick Costolo, Funding, Electric, Bain, Adam Bain, Ryan, Costolo, Recent Funding, Denehy, Ryan Denehy, Electric.ai


Twitter CEO’s weak argument why investors shouldn’t fire him

Twitter CEO Jack Dorsey might not spend six months a year in Africa, claims the real product development is under the hood, and gives an excuse for deleting Vine before it could become TikTok. Today he tweeted, via Twitter’s investor relations account, a multi-pronged defense of his leadership and the company’s progress. The proclamations come as notorious activist investor Elliott Management prepares to pressure Twitter into a slew of reforms, potentially including replacing Dorsey with a ne...
Tags: Social, TC, Mobile, Facebook, Apps, Twitter, Drama, Advertising Tech, Dick Costolo, Finance, Africa, US, Tech, Bloomberg, Snapchat, Policy


You All Instead of You Guys

While reading Kim Scott’s book Radical Candor: Fully Revised & Updated Edition: Be a Kick-Ass Boss Without Losing Your Humanity, I came across an anecdote from a discussion she had with Dick Costolo. One of my favorite stories about Dick and diversity was his effort to eliminate the phrase “you guys” from his vocabulary. I told him a story about my twins—one a boy and one a girl—who were in kindergarten. Both of their teachers were speculating why boys raise their hands more often than girls....
Tags: Texas, Dick Costolo, Trends, Diversity, Dick, Feld, Ralph Ellison, Kim Scott


What’s New In Venture Deals, 4th Edition

Jason Mendelson and I recently published the 4th Edition of Venture Deals: Be Smarter Than Your Lawyer and Venture Capitalist. The book now has three forewords – one by each of Fred Wilson (USV), James Park (Fitbit), and Dick Costolo (now 01 Advisors, then Twitter). The 1st edition had 13 chapters. We are now up to 19. The PlayersPreparing for FundraisingHow to Raise MoneyOverview of the Term SheetEconomic Terms of the Term SheetControl TermsOther Terms of the Term SheetConvertible Debt...
Tags: Books, Dick Costolo, Book, Trends, Fred Wilson, Golding, Cooley, SVB, Venture Deals, Jason Mendelson, USV James Park Fitbit, VentureDeals


The 27 biggest tech scandals of 2019

The past year has seen one tech controversy after another.  From WeWork's failed IPO to Jeff Bezos' divorce and his explosive blog post accusing the National Enquirer of blackmail, no month has been tame.  Below, we've highlighted the biggest scandals of 2019. Visit Business Insider's homepage for more stories. The past year has had its fair share of scandal.  From Jeff Bezos' divorce and subsequent feud with the National Enquirer to the WeWork IPO disaster, the tech world has experienced mis...
Tags: Apple, Google, Amazon, Facebook, Mark Zuckerberg, New York, Microsoft, Mac, Dick Costolo, California, Washington Post, Youtube, China, Ipo, Virginia, India


Stealth fintech startup Digits raises $10.5 million Series A from Benchmark and others

Stealth fintech startup Digits, from the same team that built Crashlytics to scale then sold to Twitter for over $100 million, has raised a $10.5 million round of Series A funding, the company is announcing today. The round was led by Benchmark and has the backing of 72 angels, including founders and CEOs from companies like Box, GitHub, Tinder, Twitch, StitchFix, SoFi, and several others. With the round, Digits also gains a new board member, Peter Fenton, who has served on the boards at AirT...
Tags: Google, Ali Rowghani, Twitter, Dick Costolo, Tech, Crashlytics, Anthony Noto, Pixar, SoFi, Adam Bain, Aaron Levie, Justin Kan, Chang, Seibert, LegalZoom, Brian Lee


Here’s the pitch deck payments automation startup Tipalti used to raise $76 million from investors including former top Twitter execs Adam Bain and Dick Costolo (TWTR)

Tipalti, a fast-growing accounts payable automation startup, just raised $76 million from new investors, including a new fund run by former Twitter CEO Dick Costolo and former COO Adam Bain.  The company has raised a total of $129 million in funding. Bain said Tipalti is an example of a fast-growing startup that he and Costolo are looking to support. "What we seek out are companies that are about to go through almost the good kind of problems that high growth companies have," he said. Having o...
Tags: Twitter, Dick Costolo, Ipo, Trends, Gartner, Jack Dorsey, Bain, Adam Bain, COO Adam Bain, Costolo, Tipalti, Dick Costolo TWTR, Twitter Bain, Twitch GoDaddy GoPro Vimeo, Chen Amit Tipalti, Tipalti Bain


Lyric is a startup trying to combine the best parts of a hotel and an Airbnb — and it just got $160 million in a round led by Airbnb itself

Lyric, a short-term rental startup with highly curated spaces designed for business travelers, raised $160 million in Series B funding led by Airbnb. The round announced Wednesday included a who's who of tech and real estate investors, including Tishman Speyer, RXR Realty, Obvious Ventures, NEA,  former Twitter CEO Dick Costolo, and former Twitter COO Adam Bain, among others.  Along with new debt financing, Lyric has raised a total of $185 million since 2014. New funds will be used to open Lyr...
Tags: Google, Dick Costolo, Trends, Airbnb, Jeff Bezos, Lyric, Barry Sternlicht, Twitter COO Adam Bain, Joe Fraiman, Tishman Speyer RXR Realty Obvious Ventures NEA, United States Airbnb, Tishman Speyer RXR Realty Obvious Ventures, Twitter COO Adam Bain Starwood Capital Group, NEA SignalFire FifthWall, Tusk Ventures Lyric, Andrew Kitchell


Twitter begins purging offensive tweets, is testing a mute button

Twitter is taking down abusive tweets without waiting for user complaints to first identify the bad actors, the company says in a new report about detoxifying the service. On Tuesday, CEO Jack Dorsey, speaking at a TED Talk, disclosed his latest plans to purge harassers from the platform, or at least silence them. Dorsey said Twitter will test a mute button, which will allow people to hide replies to their tweets at their own discretion. This means a person who initiates a conversation, as th...
Tags: Facebook, Twitter, Dick Costolo, Youtube, Advertising, Jack Dorsey, Dorsey, Twitter Twitter, Donald Hicks, David Gasca


Uber's former CEO Travis Kalanick was ousted after the company became entrenched in scandals — here are 7 other tech execs who were cast out from companies they helped build (AAPL, TSLA, GRPN)

Just because you founded a high-flying tech company doesn't mean you can't be asked to leave. Steve Jobs himself was once ousted by Apple (or left voluntarily, depending on who you believe), and spent years running his own company before coming back into the fold as CEO.  More recently, Uber co-founder Travis Kalanick was ousted as CEO, following a year of scandals for the company.   Here are 8 tech executives who were once ousted from the companies they helped to build.  Just because you fou...
Tags: Apple, Uber, Mark Zuckerberg, Twitter, Dick Costolo, Steve Jobs, John Sculley, Trends, Williams, Travis Kalanick, Kalanick, Ev Williams, Dorsey, Aapl, Susan Fowler, Martin Eberhard