TC Cribs: Inside Fab's NYC Headquarters, Where High Fashion And Hot Design Become Fun
Welcome to a brand new episode of Cribs, the TechCrunch TV series that goes straight into the heart of the action at the tech industry's hottest companies to show what it's really like for the people who work there. For this edition we headed out on the road to the New York City headquarters of Fab, the super-popular e-commerce site that has quickly grown over the past couple years to be one of the web's key shopping destinations (and one of the industry's hottest companies from a valuation perspective.)
Roelof Botha On Why Sequoia Isn't Giving Its Billion-Dollar Companies IPO Pressure
A funny thing has happened in tech in recent years. It used to be that you could expect a venture-backed company to file for an IPO soon after a few rounds of funding -- after, say, its Series C or Series D raise. But now we're seeing companies' venture capital investment go well into the hundreds of millions, and valuations cross over into the 10-figure range, with no S-1 filing in sight. Sequoia Capital, for instance, is said to have a dozen portfolio companies with valuations of more than $1 billion who are still private entities.
Readying For An IPO, Peer-To-Peer Lending Marketplace Lending Club Raises $125M From Google And Others At $1.6B Valuation
Peer-to-peer lending platform Lending Club is announcing a huge new investor today: Google. Google and existing investor Foundation Capital have put $125 million in Lending Club, which was valued at $1.55 billion in the round. As part of this investment Google will take an observer seat on the Lending Club Board alongside existing Board members including Kleiner Perkins' Mary Meeker, ex-chairman and CEO of Morgan Stanley John Mack and former U.S. Treasury Secretary Larry Summers.
Viddy: That $2.86M SEC Filing Is Not A Fundraise - It's An Internal Share Conversion
Yesterday, Viddy filed a regulatory document with the US Securities and Exchange Comission that seemed to indicate that the Los Angeles-based video sharing startup had raised $2.85 million in new funds. While cash infusions are always good things, that particular amount would be a big step down for Viddy in comparison to its frothy past -- just a year ago, the company closed on a $30 million round at a reported $370 million valuation.
Ashton Kutcher's A-Grade Fund Raising At $100 Million Valuation
Today at TechCrunch Disrupt NY, Ashton Kutcher took the stage with Guy Oseary to talk about their A-Grade fund. Arrington started right away about a rumor that the fund is raising money at a $100 million valuation. The two partners confirm the rumors, saying that they are raising “enough money.” It means that financial institutions and companies will invest a certain amount of money in exchange for equity in the A-Grade fund. With three partners (Ashton Kutcher, Guy Oseary and Ron Burkle), the fund has been investing for about two and a half years. Until today, the three partners only invested personal money. Among its portfolio companies, the A-Grade fund has invested in Spotify, Uber, Shazam, Soundcloud, Fab and Airbnb. It mainly takes part in seed and Series A rounds. When asked whether it is bundling current investments or creating a new fund, Ashton Kutcher answered that it is doing both. “We’re just somewhat formalizing what we’ve been doing,” Kutcher said. The new fund ...