Posts filtered by tags: Y-Combinator[x]


 

DoorDash, now valued at $12.6B, shoots for the moon

More than five years ago, Sequoia partner Alfred Lin called Tony Xu, the founder of a small on-demand delivery startup called DoorDash, to say he was passing on the company’s seed round. This was, of course, before venture capital funding in food delivery startups had taken off. DoorDash, launched out of Xu’s Stanford graduate school dorm room, wasn’t worth Sequoia’s capital — yet. Today, venture capitalists are valuing the San Francisco-based company at a whopping $12.6 billion with a ...
Tags: Food, TC, Uber, Y Combinator, California, Finance, Stanford, Softbank, Funding, America, San Francisco, Tech, Walmart, Ceo, Companies, Canada


Boom wants to build a supersonic jet for mainstream passengers; here’s its game plan

While much of the world remains fixated on the competition to build autonomous cars, there’s another race that’s gaining momentum fast. It centers on supersonic jets that can fly faster than the speed of sound, or 767 miles per hour. Indeed, while most commercial airliners today fly at between 400 and 650 miles per hour — largely because it’s more economical to burn fuel more slowly — a spate of startups is borrowing from the age of the legendary Concorde to build planes that they say will fly a...
Tags: Amazon, TC, Transportation, Y Combinator, New York, London, Wikipedia, Boston, Groupon, Tech, Atlanta, Shanghai, Venture Capital, Tokyo, Virgin Group, Boom


These startups are locating in SF and Africa to win in global fintech

To become a global fintech player, locate your company in San Francisco and Africa. That’s the approach of payments company Flutterwave, digital lending startup Mines, and mobile-money venture Chipper Cash—Africa-founded ventures that maintain headquarters in San Francisco and operations in Africa to tap the best of both worlds in VC, developers, clients, and the frontier of digital finance. This arrangement wasn’t exactly coordinated across the ventures, but TechCrunch coverage picked up the...
Tags: Startups, TC, Facebook, Uber, Apps, Y Combinator, Asia, Accelerator, Europe, Finance, Nigeria, Africa, San Francisco, Tech, Banking, E-commerce


New Y Combinator President Geoff Ralston explains why he's so excited about investing in the youngest startups, and his philosophy for helping them to grow (UBER)

Silicon Valley startup incubator Y Combinator announced Monday that Geoff Ralston would be named president, replacing former president and chairman Sam Altman. Ralston has been at Y Combinator since 2011 and has known cofounder Paul Graham for 20 years. He most recently led Startup School, Y Combinator's free online class for potential founders. Ralston says that part of the draw to early-stage investing is "seeing Uber before it's Uber," and watching founder teams build an idea into a mutli-b...
Tags: Y Combinator, Yahoo, Trends, Silicon Valley, Sam Altman, Graham, Sam, Paul Graham, Steph Curry, Al Gore, Steve Kerr, Yahoo Mail, Altman, Airbnb Dropbox, Ralston, Geoff Ralston


FlareAgent, a platform that automates real estate transactions, launches out of YC

The real estate industry is experiencing a bit of a rejuvenation. After years resisting the influence of tech, the industry is now feeling the entrance of e-buyers, as well as a variety of software to streamline the process. One such tech company looking to infiltrate real estate is FlareAgent, which launches today out of Y Combinator. FlareAgent was founded by Abhi CKV and Rashid Aziz. The duo, who just graduated out of NYU, first built FlareAgent when Rashid’s dad, a real estate agent, was ask...
Tags: Travel, Startups, TC, Y Combinator, Real Estate, Enterprise, Nyu, Rashid, Mr Brown, Abhi, Flareagent, Abhi CKV, Rashid Aziz


Sam Altman’s leap of faith

Earlier this year, founder-investor Sam Altman left his high-profile role as the president of Y Combinator to become the CEO of OpenAI, an AI research center at its outset that founded by some of the most prominent people in the tech industry in late 2015. The idea: to ensure that artificially intelligence is “developed in a way that is safe and is beneficial to humanity,” as one of those founders, Elon Musk, said back then to the New York Times. The move is intriguing for many reasons, inclu...
Tags: Google, TC, Facebook, Y Combinator, Elon Musk, New York, Microsoft, Tech, Artificial Intelligence, Venture Capital, Reid Hoffman, Silicon Valley, Sam Altman, Yc, Openai, Altman


San Diego Life Sciences Roundup: MedCrypt, LunaDNA, Dynacure & More

Let’s catch up with the latest life sciences news in San Diego.— Cybersecurity company MedCrypt, which makes software to protect medical devices, raised a $5.3 million Series A funding round.The company says it will use the new funds to hire new salespeople and engineers and further develop its technology, which medical devices vendors use to secure data traveling between or stored on devices. It also offers real-time monitoring and alerts about potential security threats.“Patient data privacy ...
Tags: Y Combinator, Funding, Trends, Tech, Vc, San Diego, Biotech, Financing, Bain Capital Ventures, 23andMe, Bill Maris, Eniac Ventures, Life Sciences, ARCH Venture Partners, Ionis Pharmaceuticals, Osage University Partners


Part fund, part accelerator, Contrary Capital invests in student entrepreneurs

First Round Capital has both the Dorm Room Fund and the Graduate Fund. General Catalyst has Rough Draft Ventures. And Prototype Capital and a few other micro-funds focus on investing in student founders, but overall, there’s a shortage of capital set aside for entrepreneurs still making their way through school. Contrary Capital, a soon-to-be San Francisco-based operation led by Eric Tarczynski, is raising $35 million to invest between $50,000 and $200,000 in students and recent college dropo...
Tags: Startups, Facebook, Y Combinator, Texas, California, Entrepreneurship, Finance, Stanford, San Francisco, Tech, Tesla, Economy, Engineer, Mit, Austin, Harvard


As Airbnb and Instacart gear up for rumored IPOs, here are the VC firms that have made the most early investments in billion-dollar startups

A new report from CB Insights showed SV Angel and Y Combinator as the top seed-stage and Series A investors in billion-dollar startups. Of the top five firms with early investments in "unicorn" startups, three invested in home rental startup Airbnb and grocery delivery service Instacart, both of which are rumored to go public in 2019. A unicorn typically refers to a privately-held tech startup that is valued at or above $1 billion. According to CB Insights, there are 344 of these unicorns in t...
Tags: Y Combinator, Top, Ipo, Trends, Silicon Valley, Airbnb, Andreessen Horowitz, Instacart, Sv Angel, Cb Insights, PitchBook, Sequoia Capital China, IDG Capital, Airbnb Instacart, DoorDash Top, Instacart Top


Unveiling its latest cohort, Alchemist announces $4 million in funding for its enterprise accelerator

The enterprise software and services focused accelerator, Alchemist has raised $4 million in fresh financing from investors BASF and the Qatar Development Bank, just in time for its latest demo day unveiling 20 new companies. Qatar and BASF join previous investors including the venture firms Mayfield, Khosla Ventures, Foundation Capital, DFJ, and USVP, and corporate investors like Cisco, Siemens and Juniper Networks. While the roster of successes from Alchemist’s fund isn’t as lengthy as Y Co...
Tags: TC, Y Combinator, Technology, Tech, Basf, Cisco, Qatar, Companies, Mit, Designer, Artificial Intelligence, Telecommunications, Computing, Nvidia, Machine Learning, Siemens


As concerns over medical device security rise, MedCrypt raises $5.3 million

As medical devices move to networked technologies, securing those devices becomes increasingly important. Regulators, seemingly late to the threat that unsecured medical devices posed, only began requiring protections for medical devices like pacemakers and insulin pumps two years ago, and since then new technology companies have leapt into the breach to begin providing security services for the healthcare industry. FDA issues new security guidelines so that your pacemaker won’t get hacked ...
Tags: Health, TC, Y Combinator, Technology, Articles, Tech, United States, Healthcare Industry, Fda, Medical Device, Google Ventures, Bill Maris, Computer Security, Eniac Ventures, HIPAA, Maris


Coinbase loses its first CTO after just one year in the job

Coinbase, the $8 billion-valued crypto exchange, has lost its CTO after Balaji Srinivasan announced his departure from the company. Srinivasan became the U.S. company’s first CTO one year ago after it acquired Earn.com, where he was CEO and co-founder. Given the tenure — one year and one day — it looks like Srinivasan’s departure comes after he served the minimum agreed period with Coinbase. A high-profile figure in the crypto space who has also spent time with Coinbase and Earn investor A16z...
Tags: Y Combinator, Tech, United States, Andreessen Horowitz, Cryptocurrencies, Coinbase, Cryptocurrency, Blockchain, Srinivasan, TechCrunch, Hacking Team, Cto, World Wide Web, Coindesk, Digital Currencies, USDC


How tech entrepreneurs think of Universal Basic Income

As tech has grown, policy debates have become an important pastime. Today’s tech industry aspires to replace human drivers with self-driving cars, secretaries with AI assistants, permanent jobs with gigs — and as a result, the human impact of tech has become an everyday conversation. No other idea is as emblematic of this as Universal Basic Income, a policy that would distribute a monthly sum to every adult regardless of their income or employment status. The conversation is widespread. Mark Zuc...
Tags: Startups, Facebook, Mark Zuckerberg, Y Combinator, Elon Musk, Finance, Government, Germany, US, Tech, Mit, Policy, Social Security, Welfare, Philanthropy, Chris Hughes


Microbiome testing service uBiome puts its co-founders on administrative leave after FBI raid

The microbiome testing service uBiome has placed its founders and co-chief executives, Jessica Richman and Zac Apte, on administrative leave following an FBI raid on the company’s offices last week. The company’s board of directors have named John Rakow, currently the company’s general counsel, as its interim chairman and chief executive, the company said in a statement. Directors of the company are also conducting an independent investigation into the company’s billing practices which is bei...
Tags: TC, Y Combinator, Biology, Tech, Light, Fbi, Microbiology, Andreessen Horowitz, Seattle, Citizen Science, General Counsel, OS Fund, Federal Bureau of Investigation, Kapor Capital, Ubiome, Jessica Richman


SoftBank makes a huge bet on Latin America

Rappi represents a new era for Latin American technology startups. Based in Bogotá, Colombia, the on-demand delivery startup has taken the region by storm, attracting a record amount of venture capital funding in mere months. Today marks the beginning of a new round of explosive growth as SoftBank, the Japanese telecom giant and prolific Silicon Valley tech investor, has confirmed a $1 billion investment in the business. The king-sized financing comes two months after SoftBank announced it...
Tags: Food, Startups, Y Combinator, Softbank, Tech, Companies, Colombia, Chile, Venture Capital, Tencent, Brazil, Argentina, Silicon Valley, South America, Andreessen Horowitz, Sequoia Capital


Bad PR ideas, esports, and the Valley’s talent poaching war

Sending severed heads, and even more PR DON’Ts I wrote a “master list” of PR DON’Ts earlier this week, and now that list has nearly doubled as my fellow TechCrunch writers continued to experience even more bad behavior around pitches. So, : DON’T send severed heads of the writer you want to cover your story Heads up! It’s weird to send someone’s cranium to them. This is an odd one, but believe it or not, severed heads seem to roll into our office every couple of months thanks to the advent of ...
Tags: Y Combinator, Tech, Peloton, Zwift, GV, Playground Global, The Extra Crunch Daily


Animal Rescue Groups, PGA, Stryve Biltong, Novo Labs & More TX Tech

Let’s catch up with the latest innovation news in Texas.—Dallas Animal Services won $200,000 in the Innovation Showdown, a pet tech competition, for a customer service system that uses a mobile app and two-way video in order to streamline the adoption process. Day of the Dogs in Houston won $175,000 for its donation platform that uses crowdfunding to reduce the number of animals euthanized at shelters. Front Street Animal Shelter in Sacramento, CA, won $75,000 for automated scheduling software ...
Tags: Startups, Apps, Y Combinator, Accelerator, Texas, Crowdfunding, Funding, Sacramento, Trends, Tech, Investment, People, Palo Alto, Vc, Artificial Intelligence, Software


Lattice raises another $15M to improve performance reviews

Sam Altman’s little brother Jack is an entrepreneur, too. Jack Altman, whose resume includes a stint as vice president of business development at Teespring, has raised $15 million in Series B funding for his startup, Lattice, a modern approach to corporate goal setting. Shasta Ventures led the round, with participation from Thrive Capital, Khosla Ventures and Y Combinator, the latter being the organization his brother led as president until very recently. Lattice, used by high-growth ...
Tags: Startups, TC, Y Combinator, Gmail, San Francisco, Entrepreneur, Tech, President, Venture Capital, Reddit, Sam Altman, Teespring, Jack, Thrive Capital, Coinbase, Khosla Ventures


How do you hire a great growth marketer?

Julian Shapiro Contributor Share on Twitter Julian Shapiro is the founder of BellCurve.com, a growth marketing agency that trains you to become a marketing professional. He also writes at Julian.com. More posts by this contributor How do you hire a great growth marketer? How do startups actually get their content marketing to work? Editors Note: This article is part of a series that explores the ...
Tags: Google, Social, Startups, Facebook, Ecommerce, Column, Y Combinator, Pinterest, Social Networks, Marketing, Tech, Hack, Talent, Sales And Marketing, Google Shopping, TechStars


Sequoia reveals first cohort for its ‘Surge’ accelerator program in India and Southeast Asia

Back in January, Sequoia India announced plans for its first early-stage startup accelerator program in India and Southeast Asia, and today the firm revealed the first cohort of 17 startups. To recap, the program — which is called Surge — gives each startup a $1.5 million check and participation in a four-month program that’s split across India and Singapore, as well as the wider Sequoia global presence in China and San Francisco. The program kicked off last month, but the startups were only unv...
Tags: Google, Fundings & Exits, Facebook, Y Combinator, Asia, Business, Indonesia, Entrepreneurship, China, Southeast Asia, Singapore, India, Funding, San Francisco, Tech, Spokesperson


The tech CEO who sold a startup for $1 billion and has just raised $80 million for another reveals his 4 secrets for raising money

Wayne Jackson is a veteran tech entrepreneur who has overseen a billion-dollar sale and raised hundreds of millions in funding rounds. Jackson is currently the CEO of Sonatype, a software security firm, which raised $80 million last September. Speaking to Business Insider, Jackson revealed his four secrets to raising finance from investors. Wayne Jackson has sat through a lot of funding meetings. The CEO of software security firm Sonatype sold his original wireless infrastructure startup, Riv...
Tags: Y Combinator, Ipo, Trends, Bill Gates, Gartner, Goldman Sachs, Jackson, Jeff Bezos, Steve Wozniak, TPG, Sonatype, Sourcefire, Wayne Jackson


As researchers pursue links between bacteria and human health, startups stand to benefit

In 2009, the National Institutes of Health launched a five-year, $150 million project to stimulate research into a new field of medicine examining the connections between the millions of bacteria living in the human gut and overall human health. Spurred by the advancements in genetics from a decade earlier, this new field of research would map not just the human genome, but the genetic sequences of the microbes living in the body to ascertain their function and the role they played in ensuring t...
Tags: Health, Startups, TC, Messenger, Y Combinator, Biology, Breast Cancer, Obesity, Entrepreneur, Tech, Bacteria, Insomnia, Depression, Diabetes, Multiple Sclerosis, Microbiology


Birth control delivery startup Nurx taps Clover Health’s Varsha Rao as CEO

Varsha Rao, Airbnb’s former head of global operations and, most recently, the chief operating officer at Clover Health, has joined Nurx as its chief executive officer. Rao replaces Hans Gangeskar, Nurx’s co-founder and CEO since 2014, who will stay on as a board member. Nurx, which sells birth control, PrEP, the once-daily pill that reduces the risk of getting HIV, and an HPV testing kit direct to consumer, has grown 250 percent in the last year, doubled its employee headcount and attracte...
Tags: Health, Startups, Y Combinator, Chief executive officer, Tech, Companies, United States, Healthcare, Venture Capital, Sharing Economy, Medicare, Airbnb, Websites, Telemedicine, Union Square Ventures, Kleiner Perkins


Ro, a direct-to-consumer online pharmacy, reaches $500M valuation

Venture capitalists have valued direct-to-consumer telehealth business Ro at $500 million with an $85 million Series B financing, sources confirm to TechCrunch. The fresh round of funding comes seven months after Ro — widely known for its men’s health brand Roman, a cloud pharmacy for erectile dysfunction — made headlines with an $88 million Series A.  Ro didn’t immediately respond to a request for comment. The company’s outsized Series A, led by FirstMark Capital, was used to launch and scal...
Tags: Health, Startups, TC, Y Combinator, Medicine, Funding, Tech, Venture Capital, WeWork, FirstMark Capital, General Catalyst, Telemedicine, Benchmark, Slow Ventures, Initialized Capital, Manual


YC alum Keeper raises $1.6M to help gig workers pay taxes

Every year around this time, Uber drivers, Wag dog walkers, Bird scooter chargers, social media influencers and other gig economy workers face the unsightly challenge of paying their taxes. Companies like Uber and Lyft classify their drivers as independent contractors, which means you aren’t given any benefits and the company doesn’t withhold any of your taxes. This puts gig workers in a tough position come tax day, especially if they aren’t prepared to shell out big sums to the IRS. Ke...
Tags: Startups, Lyft, Uber, Y Combinator, Spotify, Craigslist, Finance, San Francisco, Chief executive officer, Tech, Tax, Sms, Chicago, United States, Transport, Venture Capital


Streetwear marketplace Bump raises $7.5M

Bump, the Y Combinator-backed marketplace for streetwear, is announcing that it has raised $7.5 million in Series A funding. Bump’s Jack Ryder told me that even before starting the company, he and his co-founder Sam Howarth were active in buying and selling streetwear and sneakers — but he admitted that it took several tries before the startup found the right model. (He described a previous iteration, involving a reverse marketplace where people post the items they’re interested in buying, as...
Tags: Startups, Y Combinator, New York, London, Wales, Funding, Tech, E-commerce, Jack, Sam, Bump, Kleiner Perkins, E.ventures, Howarth, Ryder, Streetwear


Can the law be copyrighted?

UpCodes wants to fix one of the building industry’s biggest headaches by streamlining code compliance. But the Y Combinator-backed startup now faces a copyright lawsuit filed against it by the International Code Council, the nonprofit organization that develops the code used or adopted in building regulations by all 50 states. The case may have ramifications beyond the building industry, including for compliance technology in other sectors and even individuals who want to reproduce the law. At i...
Tags: Startups, TC, Y Combinator, Texas, Supreme Court, California, Massachusetts, New York City, US, Tech, Georgia, United States, Washington Dc, Michigan, Anna, Copyright Law


India’s Cashfree raises $5.5M from Korea’s Smilegate, Y Combinator and others

Cashfree, an India-based startup that specializes in making corporate banking services more accessible and easier to use, has closed a $5.5 million Series A round. The deal is led by Smilegate Investment — the fund affiliated with Korean games firm Smilegate — with participation from Y Combinator, the U.S. accelerator program that Cashfree graduated from in 2017. The startup previously raised an undisclosed seed round from investors that include former UK Finance Minister George Osborne, and Vel...
Tags: Google, Fundings & Exits, Y Combinator, Asia, UK, Finance, India, Funding, Tech, ExxonMobil, George Osborne, Banking, Economy, United States, United Kingdom, Xiaomi


Sources: Y Combinator’s growth fund to back challenger bank Monzo

Just 5 months after announcing £85 million in Series E funding, Monzo is already gearing up to raise additional funding, which would almost double its valuation. As reported in the Sunday Times yesterday, the U.K. challenger bank is close to raising £100 million in further funding in a new round led by an unnamed U.S. investor. If the deal goes through, it will reportedly give Monzo a pre-money valuation of £2 billion, up from £1 billion in October. Now TechCrunch has learned that the new U.S. b...
Tags: Fundings & Exits, Startups, TC, Y Combinator, Europe, Tech, Silicon Valley, North America, Sunday Times, Gocardless, Tom Blomfield, Monzo, Blomfield, General Catalyst Thrive Capital


The team behind Baidu’s first smart speaker is now using AI to make films

The HBO sci-fi blockbuster Westworld has been an inspiring look into what humanlike robots can do for us in the meatspace. While current technologies are not quite advanced enough to make Westworld a reality, startups are attempting to replicate the sort of human-robot interaction it presents in virtual space. Rct studio, which just graduated from Y Combinator and ranked among TechCrunch’s nine favorite picks from the batch, is one of them. The “Westworld” in the TV series, a far-future theme...
Tags: Y Combinator, Hbo, California, Los Angeles, Tech, Beijing, Westworld, Pixar Animation Studios, Baidu, Pixar, Cixin Liu, Ma, Jesse, Raven, Lyu, RCT