The financial services industry is a cutthroat market with razor-thin margins, making it one of the toughest industries in which to generate profit. Yet, for fintech startups, it is one of the least chartered, most lucrative sectors. Accenture recently reported that fintech investments grew 201 percent in 2014 compared to the previous year. As a comparison, overall venture capital investments… Read More
Category: Tech news
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Twitter’s Fiscal 2015: Up, Flat, And Down
Twitter did not have a lovely 2015. The world-famous social company saw its revenue rise, its usage flatten, and its share price fall. The company failed to change the arc of its own narrative during the year: Strong financial performance, but continued failure to grow its user base, the latter of which the market appears to weight more strongly. It brought in a new CEO to turn things… Read More
Bessemer Venture Partners’ Ethan Kurzweil Talks Video In 2016
2015 was a big year for video — especially when it came to user-generated video. Now there are services like Periscope and Meerkat, which are enabling users to broadcast the world around them live. We also saw YouTube launch a subscription model. And, according to Bessemer Venture Partners’ Ethan Kurzweil — who led the firm’s investment in Twitch — we’re… Read More
As 500 Startups Eyes Aggressive Expansion In 2016, Diversity Tops The Agenda
The acclaimed accelerator 500 Startups is eyeing an aggressive global expansion plan in 2016, with 10 new micro-funds planned globally and as the investment firm plots its next course founder and managing director Dave McClure says that diversity in the fund and its portfolio are the top priorities. Read More
Five Tech Fixations In 2015
What was on the mind of the tech industry in 2015? Plenty of course, but judging by the emails flowing into the TC inbox a few topics recurred enough to rise to the top of the preoccupations list over the year. Read More
14 Last-Minute Subscription Gifts For Your Internet-Connected Friends
It’s probably too late to order a gift for your friends or family, but it’s certainly not too late to give the gift of a subscription. They can range from actual, physical deliveries to music- and video-streaming services, but nonetheless serve as a good down-to-the-wire gifts. Read More
I Heart You, So Please Buckle Your Uber Seatbelt
Force fields aren’t real, at least not yet. Cars are dangerous. So whether you’re in an Uber, Lyft, taxi, or you’re driving yourself, buckle your seatbelt. Several friends of mine recently had their Ubers run into by other cars. Luckily, they were all wearing their seat belts and no one got seriously hurt. But if they weren’t, if they didn’t take those few… Read More
Google And Microsoft Launch Their Santa Trackers
Remember when kids just peered out at the stars, trying to spot the lights of Santa’s sleigh (or Rudolph’s shiny nose)? Well, those days are long gone. Santa tracking once again has received its annual digital upgrade. Today, Microsoft and NORAD begin tracking Santa along with Google, on its own just-launched Santa Tracker website. Google’s site this year offers a… Read More
These Healthcare Apps Keep Us On Our Best Behavior
The key question that nearly everyone is asking is this: how can we reliably affect behavior change to increase the well-being of groups large and small, across America? The future of preventative care depends upon the answer. Read More
13 Asian Startups To Watch In 2016
2015 was an eventful year for the tech industry in Asia. Funding started to flow in India, which is expected to become the world’s second-largest Internet market soon, while many tech companies in China, South Korea, and Southeast Asia also hit key milestones. The following is just a small sample of startups that will do impressive things next year in industries ranging from finance… Read More
#MisguidedPR: The Industry’s Internal Crisis
A U.S. Department of Labor report last year stated there were approximately 57,000 PR managers and 208,000 PR specialists in America; conversely, there were only 46,500 journalists. Do the math.That means there are roughly 5.7 PR professionals for every one journalist. That’s like the equivalent to having six crying babies with only one babysitter. Read More
Despite Unrest, The Israeli Tech Ecosystem Is Flourishing
Over the past few months, violence has once again scarred Israel and the Palestinian Territories, yet despite the violence and the losses on both sides of the conflict, technology companies in the region are flourishing. Israeli rounds of financing, both into Israeli companies and from local investors are on the rise. Several Israeli VCs announced new funds over the past two months… Read More
Social Commerce Startup Carousell Is Raising $50M To Expand In Asia
Carousell, a three-year-old mobile marketplace that enables social commerce, could emerge as the next big e-commerce player in Southeast Asia. That’s because, according to multiple sources in to the investor and e-commerce communities in Southeast Asia, the Singapore-based company is currently trying to raise a whopping $50 million Series B to expand its footprint across Asia. Read More
Hyatt Is Latest Hotel Brand Hacked After Finding Malware On Its Payment System
Hyatt, the global hotel chain with 627 properties across more than 50, countries is the latest in its industry to suffer a cyber security attack. Read More
Illinois Attorney General Says DraftKings And FanDuel Are Illegal Under State Law
In the words of DJ Khaled: “Another One!” Jumping on the daily fantasy sports bandwagon, Illinois Attorney General Lisa Madigan has joined NY AG Eric Schneiderman in deciding that DraftKings and FanDuel violate state law. In a letter responding to an inquiry by state representatives Elgie Simms and Scott Drury, Madigan explains that she believes both FanDuel and DraftKings… Read More