Lightspeed Venture Partners Raises $1.2 Billion

Screen Shot 2016-03-09 at 9.01.32 AM Lightspeed Venture Partners, the 16-year-old, Menlo Park-based early-stage venture firm, has raised two new funds totaling $1.2 billion, according to two new SEC filings. One filing, for the firm’s 11th fund, shows a close of $715 million. Lightspeed has also raised $500 million for its second “Select” fund for later-stage companies. The capital comes two years after the… Read More

The broken world of mobile payments and how to fix it

mobile payments It’s being predicted that by the end of this year, mobile payment transactions in the U.S. will grow 210 percent. Despite this impressive gain, it turns out that not everyone is taking advantage of mobile payments. Why aren’t more people enjoying the convenience and ease of mobile payments? Some have said that the system for money exchange in the mobile world was broken before… Read More

Autodesk CEO Carl Bass on investing in the future

25192578202_2bd247ab73_k A year ago, the design-focused software firm Autodesk announced it would stop selling standalone perpetual licenses of its desktop software and instead sell subscriptions. Early last month, it began implementing that switch, a move that will be complete by mid-year, when the company’s older products will no longer be available. Perhaps unsurprisingly, as part of its… Read More

Cognitive correction and creating better human-to-machine interaction

language-bot The lifetime of the computer has been marked by an ongoing struggle to communicate with the machine. When two human conversational participants come from different languages, true communication only occurs when one can learn to speak in the language of the other. At the beginning of the history of computation, it was the human who had to use the language of the machine; early programmers… Read More

There’s more to early-stage funding than VC money

moneypaths Good companies will always get funded. If that’s your company, it’s important to make sure you have the resources to keep it alive long enough to get funded. Murmurs of a looming downturn in venture capital are pressuring more companies to preemptively begin fundraising, whether or not they have gained sufficient traction to justify their stated valuations. Read More

3 signs you’ll soon be attending a coding bootcamp at your college

dev bootcamp It all started as an alternative to the traditional college education. Now they’ve caught the eyes of deans across the country. Coding bootcamps have been a trending topic in higher education as their focus on job readiness and generous starting salaries has garnered the attention of both college students and career switchers — but those aren’t the only groups that have… Read More

MIT spin-out Thunkable hopes its drag-and-drop app builder can be a money-spinner too

apps Bagging lots of users is a challenge one of the startups in Y Combinator’s 2016 winter batch is worrying about a bit less than the average. The two-man strong founder team of Thunkable is coming from the rather more comfortable position of already having fostered a community over four million strong — thanks to the drag-and-drop app builder interface they helped developed at MIT… Read More

On the war between hacker culture and codes of conduct

conduct-unbecoming Did you know that a Code of Conduct war is underway in the world of open-source software development? I realize that this sounds ridiculous. Codes of Conduct boil down to: “a) don’t be an asshole, b) this is how we define ‘asshole’ around these parts”. Who could argue with that? And yet this has become eruptively controversial — and with good reason. Read More