Today’s Deals – Snapchat is acquiring mobile search app Vurb for $110M+

vurb-battlefield-winner Snapchat could help you organize a night out with friends or get a digest of the day’s news thanks to its acquisition of mobile search startup Vurb. TechCrunch caught wind of the impending deal over the weekend and now The Information reports Snapchat is in the closing stages of talks to pay $110 million for Vurb (75 percent stock, 25 percent cash). Snapchat is also said to offer $75… Read More

from TechCrunch

Today’s Deals – After the correction comes The Conclusion

That's all folks Winter came, and now it’s time for a season of shut downs, sell outs, and saving face. The circle of life includes the stage of death. That doesn’t mean these founders did anything wrong, just not quite enough right. Their experiments are coming to an end.
Two years ago a bunch of startups raised two years of runway. An abundance of early capital had emerged. Angels and VCs… Read More

from TechCrunch

Today’s Deals – Killing technology innovation in the public markets

Reflection of stock market graph in window In 2004, Google finally went public in a long-awaited offering that lit the public markets on fire. But Google’s S-1 filing was probably as unusual as anything the technology markets had ever seen: The company promised to not deliver quarterly guidance to investors, and instead promised to invest over the long term to preserve the culture of innovation that the company so fiercely protected. Read More

from TechCrunch

Today’s Deals – Hewlett Packard Enterprise picks up SGI for $275 million

Screen Shot 2016-08-11 at 6.40.35 PM The last decade-plus hasn’t been great for SGI. The company formerly known as Silicon Graphics declared Chapter 11 in 2009. That same year, it was sold to Rackable for a song, with that company somewhat confusingly changing its own name to SGI (short for Silicon Graphics International) during the process. Now former competitor Hewlett Packard Enterprise (which spun out from HP last year)… Read More

from TechCrunch

Today’s Deals – Zenoti raises $15 million for spa bookings

Mobile-POS Zenoti The spa industry is in need of a technology makeover and Zenoti thinks it can help. The Seattle-based startup is raising $15 million in a round led by Norwest Venture Partners to help salons run their businesses. A cloud-based management platform, Zenoti helps spa chains with everything from billing to inventory management. They aim to create a tailored enterprise software experience for what… Read More

from TechCrunch

Today’s Deals – Microsoft acquires Beam interactive game livestreaming service

Screen Shot 2016-08-11 at 11.19.27 AM Microsoft has acquired Beam, a Seattle-based interactive game streaming service that lets viewers play along with streamers as they watch. Beam’s model takes the mostly passive interaction that streaming fans may be used to from services like Twitch and YouTube, and adds the ability for viewers to interact with the streamer via crowdsourced controls. Players interacting through Beam… Read More

from TechCrunch

Today’s Deals – Leaf raises $2M seed round, launches sleek in-home cannabis growing system

Leaf1 Marijuana use is a bit of a tricky subject in the United States. While public opinion on the matter may be shifting toward being more open to legalization — a YouGov poll released earlier this month showed that 55 percent of those surveyed supported legalizing marijuana, with more Republicans supporting legalization than not — only 25 states and Washington, D.C. have legalized… Read More

from TechCrunch

Today’s Deals – Google isn’t safe from Yahoo’s fate

Yahoo has been beaten up in the press for so long that it’s hard to remember how untouchable it once appeared. We’d like to think that Yahoo’s failure has made us wiser, less likely to repeat the same mistakes. We’d like to think that having witnessed Yahoo’s demise, we would be better able to spot a company that was at peak valuation and about to begin a… Read More

from TechCrunch

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