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May 08, 11:04AM
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Amid a challenging market for tech stocks this quarter, AOL today reported its most recent earnings. For the quarter that ended March 31, the company posted revenues of $625.1 million and adjusted earnings per share of $0.34. Analysts were on average expecting revenues of $594.6 million and adjusted EPS of $0.32.
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May 08, 9:24AM
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Online meal delivery company Just Eat has agreed to purchase Menulog for £445 million (about $687 million), marking its entrance into New Zealand and Australia. Menulog, which has 5,500 restaurants on its platform and 1.4 million active users, claims to be the largest food delivery business in those two countries.
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May 08, 4:17AM
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Google now lets users in the U.S. order food from six companies—Seamless, Grubhub, Eat24, Delivery.com, BeyondMenu, and MyPizza.com—directly from search results.
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May 08, 3:25AM
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Vedantu, an online tutoring platform, disclosed today that it has raised a $5 million series A from Accel Partners and Tiger Global Management. Test preparation is a big market in India as more students gear up for the exams they need to ace in order to score a place at a prestigious university. The Bangalore-based startup’s announcement comes one day after Toppr, another test prep…
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May 08, 3:00AM
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Seed accelerators have been around for 10 years now and their popularity doesn’t appear to be waning any time soon. Sure, criticism for the programs themselves and the proliferation of different programs around the world have taken some wind out of the sails, but primarily, joining an accelerator program – or rather, being accepted to an accelerator – is still considered…
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May 08, 12:00AM
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Over the past five years, there has been roughly $3 billion of capital invested in nearly 3,500 seed-stage companies, with the number of seed investments rising every year. According to CB Insights, 2014 saw the largest year of seed investing since 2009, with a record $1.3 billion of capital invested in almost 1,000 seed companies. Many of these seed founders have high hopes of raising the…
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May 07, 11:17PM
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Facebook is combining its lucrative app install ads with deep linking so a specific in-app purchase page opens once the app downloads. The result is a powerful new tool for direct marketers that sell products and services through apps. Direct marketing is popular on the web where users can see an ad for a specific product and quickly open it in a new browser tab to make a purchase. But on…
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May 07, 10:05PM
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Casper is known for bringing the mattress buying experience online, but it’s also trying out new approaches to brick-and-mortar retail. In fact, co-founder and CEO Philip Krim said that over the next two months, the startup will be opening pop-up stores in San Francisco, Austin and Washington, D.C. Krim revealed his plans while on-stage our Disrupt NY conference — and yes, the…
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May 07, 9:00PM
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What is actually required for a startup to get to an M&A? While the popular image may be Facebook buying Instagram over one weekend, that’s not how it usually happens. A select few companies may not do anything to try to sell their companies but still get a call out of the blue and then sell for billions.
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May 07, 7:58PM
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Fitbit just filed an S-1 declaring its plans to go public. The filing states that the fitness-tracking company aims to raise $100 million in its initial public offering (that number could change). It also says the company will list on the New York Stock Exchange under the symbol “FIT”.
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May 07, 6:08PM
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Harj Taggar, one of Y Combinator’s earliest partners, is very familiar with the pain of hiring for new CEOs. “When founders start companies, they’re not really sure how to put hiring practices in place. They’re not sure which questions to ask or how to handle technical interviews,” he said. So while he was at the early-stage firm, he started building out systems…
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May 07, 6:00PM
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To say that recent capital inflows in the food-ordering space have been growing rapidly wouldn’t be doing the current funding environment justice. In fact, it might even be considered a gross injustice akin to calling Mark Zuckerberg a mere website developer. While just $46 million and $25 million were invested in food ordering companies in 2013 and 2012, respectively, a staggering…
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May 07, 5:56PM
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The Odyssey, the site that popularized the idea of “The Dad Bod,” is announcing that it has raised $3 million in seed funding. A number of executives from ExactTarget (a marketing company acquired by Salesforce.com for $2.5 billion) participated in the round — investors include founder and former CEO Scott Dorsey, former CFO Traci Dolan and former CMO Tim Kopp.
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May 07, 5:34PM
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Editor’s note: James Altucher is an investor, programmer, author, and several-times entrepreneur. You can find him @jaltucher or his latest book is “Choose Yourself Guide To Wealth” I used to love my job. Love it. I worked for my favorite entertainment company in the world. I would’ve paid to work there. I made friends at work. And on weekends we’d even get…
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May 07, 5:30PM
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The following is a long excerpt from my new book, Marie Antoinette’s Watch: Adultery, Larceny, & Perpetual Motion that I wanted to share with you here on the site. It details a 1983 break-in at the L.A. Mayer Museum in Jerusalem where some of the rarest, most expensive, and most striking watches ever built were on display. The rarest of all – the Marie Antoinette by…
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May 07, 5:28PM
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With their twelfth batch of companies set to demo to investors and the press next week, 500 Startups is announcing the thirteenth batch of companies to go through its accelerator.
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May 07, 4:45PM
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Every Disrupt I gather some of the coolest hardware startups in the world into one place – Hardware Alley. This cavalcade of gear is one of my favorite parts of Disrupt and I try to walk through the entire thing on video so you can meet some of the startups. Some of my favorites? The Parashoot, Supplyhog, and the kitten toy Kittyo – although everyone was great.
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May 07, 4:05PM
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LinkedIn, the social network for the working world, has been on a mission to add different services to its platform to expand the ways that people use it beyond looking for jobs and basic networking. One of these, a publishing platform for people to write and share blog posts about work life and other professional subjects, is today getting a boost: a new analytics tool so…
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May 07, 4:00PM
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Two weeks ago, the NASDAQ recently topped its all-time high set in March 2000, and today there are over 50 private “unicorn” companies with valuations of more than $1 billion. Private tech companies have easier and faster access to capital than ever before – financing rounds of $100 million or more (which would have been considered a “blockbuster” IPO 15 years…
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May 07, 4:00PM
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Flickr today is rolling out a revamped version of its website, software applications for desktop and mobile, as well as its search service, in what’s perhaps the biggest update since the company’s decision to increase users’ free storage space on its photo-sharing site to 1 TB back in 2013. The new series of upgrades are focused on making every aspect of the service easier to…
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