Tag: Co-founder

Facebook is going back to college

Ryan Craig Contributor Ryan Craig is managing director of University Ventures. More posts by this contributor Broadening education investments to full-stack solutions College for the 21st century Kids these days take a greater interest in practical things than we give them credit for. For example, this summer my 12-year-old son

How Airbnb went from renting air beds for $10 to a $30 billion hospitality behemoth

Happy 10th anniversary Airbnb. When we first wrote about the company a decade ago, it was a spare website cobbled together by its founders for the low low price of $20,000. AirBed And Breakfast Takes Pad Crashing To A Whole New Level In the years since, the marketplace Airbnb created

Sequoia India and Accel back on-demand scooter startup in $12.2M deal

Two of India’s most prominent VCs are backing a motorbike on-demand service after Sequoia India and Accel led a $12.2 million investment in Metro Bikes. Sequoia India and Accel were joined in the round by Raghunandan G, who founded TaxiForSure which sold to Ola, among other investors. Metro Bikes started out as

AI giant SenseTime leads $199M investment in Chinese video tech startup

SenseTime may be best known as the world’s highest-valued AI company — having raised $620 million at a valuation of over $4.5 billion — but it is also an investor, too. The Chinese firm this week led a 1.36 billion RMB ($199 million) Series D funding round for Moviebook, a Beijing-based

Otto co-founder Lior Ron is back at Uber

Lior Ron, the co-founder of the controversial self-driving technology company Otto, is returning to Uber to head up it’s trucking logistics company Uber Freight, TechCrunch has confirmed. Both Ron and his co-founder and ex-Googler Anthony Levandowski came into Uber after the announcement of the acquisition of Otto in August of

LemonBox brings US vitamins and health products to consumers in China

China is rising in many ways — the economy, consumer spending and technology — but still many of its population looks overseas, and particularly to the West, for cues on lifestyle and health. That’s a theme that’s being seized by LemonBox, a China-U.S. startup that lets Chinese consumers buy U.S.

Short video service Musical.ly is merging into sister app TikTok

Musical.ly, the short video app that’s popular among teens and young people, is going away. Kinda of. The app and all user data and accounts is being merged with Toktok, a sister app that’s owned by ByteDance, the Chinese company that acquired Musical.ly for around $1 billion last year. The switch-over

Golden Gate Ventures hits first close on new $100M fund for Southeast Asia

One of the fascinating things about watching an emerging startup ecosystem is that it isn’t just companies that are scaling, the very VC firms that feed them are growing themselves, too. That’s perhaps best embodied by Golden Gate Ventures, a Singapore-based firm founded by three Silicon Valley entrepreneurs in 2011 which

WhatsApp now allows group voice and video calls between up to 4 people

WhatsApp has added a much-requested new feature after it began to allow users to make group voice and video calls. It’s been just over three years since the company, which is owned by Facebook, introduced voice calls and later a video option one year later. Today, WhatsApp counts over 1.5 billion