Morgan Stanley’s ‘Teflon banker’ talks direct listings (and much more)

Morgan Stanley’s ‘Teflon banker’ talks direct listings (and much more)

After landing a seemingly endless string of coveted deals for his bank, Morgan Stanley, Michael Grimes has been dubbed “Wall Street’s Silicon Valley whisperer.” Morgan Stanley has served as the lead underwriter for Facebook, Spotify and Slack. Grimes, a banker for 32 years — 25 of them with Morgan Stanley Read more…

Placement is the much-needed talent agent for jobseekers

Placement is the much-needed talent agent for jobseekers

“We’re giving away money to strangers on the internet” is a pretty cavalier pitch for a new startup. But the more I learned about Placement, the smarter it sounded. In exchange for 10% of your income for 18 to 36 months, Placement will find you a much higher paying job, Read more…

Route’s app auto-tracks all your packages, raises $12M

Route’s app auto-tracks all your packages, raises $12M

Between Amazon, FedEx, UPS, and indie merchants, it’s easy to lose track of when your online purchases will be delivered. And if you’re buying something pricey or important, a lack of shipping insurance can leave you anxious and constantly checking your porch. But a fresh startup has found unprecedented growth Read more…

PayPal to acquire shopping and rewards platform Honey for $4B

PayPal to acquire shopping and rewards platform Honey for $4B

PayPal announced today it has agreed to acquire Honey Science Corporation, the makers of a deal-finding browser add-on and mobile application, for $4 billion, mostly cash. The acquisition, which is PayPal’s largest to date, will give the payments giant a foothold earlier in the customer’s shopping journey. Instead of only Read more…

San Diego-based Founders First Capital Partners gets $100 million for revenue-based fund

San Diego-based Founders First Capital Partners gets $100 million for revenue-based fund

Founders First Capital Partners, an accelerator and investment firm which provides revenue-based financing to businesses led by “underrepresented entrepreneurs” operating in underserved markets, has received a $100 million commitment to expand its operations. The San Diego-based investor raised the debt financing from Community Investment Management, a large debt-focused impact investment Read more…

Steve Jang & Kanyi Maqubela form or fund as Kindred Ventures

Steve Jang & Kanyi Maqubela form or fund as Kindred Ventures

Venture capitalists often mutter, “I haven’t seen anything I like lately”. Founders frequently complain that “investors are back-seat drivers who won’t get their hands dirty.” A $55 million fund with a fresh approach is aiming to address both those issues. Steve Jang and Kanye Maquebla are two exceedingly smart and Read more…

Elavon to acquire Sage Pay, a gateway that competes with Stripe, PayPal and Adyen, for $300M

Elavon to acquire Sage Pay, a gateway that competes with Stripe, PayPal and Adyen, for $300M

E-commerce continues to gain momentum — a trend we’ll see played out in the next two months of holiday shopping — and with that comes more consolidation. Today, Elavon, the payments company that is a subsidiary of US Bancorp, announced that it will acquire Sage Pay, one of the bigger Read more…

Decide which type of investor to target for raising capital

Decide which type of investor to target for raising capital

More posts by this contributor Why are revenue-based VCs investing in so many women and underrepresented founders? Should your new VC fund use revenue-based investing? I recently wrote Should you raise venture capital from a traditional equity VC or a Revenue-Based Investing VC? Since then, I’ve talked with a number Read more…

Eigen nabs $37M to help banks and others parse huge documents using natural language and ‘small data’

Eigen nabs $37M to help banks and others parse huge documents using natural language and ‘small data’

One of the bigger trends in enterprise software has been the emergence of startups building tools to make the benefits of artificial intelligence technology more accessible to non-tech companies. Today, one that has built a platform to apply power of machine learning and natural language processing to massive documents of Read more…

Google to offer checking accounts in partnership with banks starting next year

Google to offer checking accounts in partnership with banks starting next year

Google is the latest big tech company to make a move into banking and personal financial services: The company is gearing up to offer checking accounts to consumers, as first reported by the Wall Street Journal, starting as early as next year. Google is calling the projected “Cache,” and it’ll Read more…