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VSCO, a hip photo-and-video-editing app popular with people younger than 25, captured attention as a startup riding the early mobile, social wave. Instagram tried to buy it at one point and VSCO later raised $70 million in venture funding. But finding a profitable business model was tougher. To cut costs, the Oakland, Calif.–based company closed its New York office last January.
Security giant McAfee has held talks to acquire security startup Endgame, according to multiple people familiar with the matter. A deal would help McAfee expand its technology to protect computers and other devices on corporate networks from cybersecurity threats.
The talks were taking place as recently as two weeks ago, said one of the people familiar with the discussions, though it ...
When John Chambers ran Cisco Systems, acquisitions were one of his favorite ways to grow the company. By his own estimate, Cisco did 180 deals in his time there. But as he said in an interview with The Information this week, Cisco executives expected that one third would not succeed.
It was a surprising admission for a former CEO, given how frequently investors complain about overpriced ...
Spotify shareholders appeared reluctant to sell much stock last week ahead of the company’s public listing, say investors and brokers, suggesting the price will jump when shares begin trading on Tuesday.
The music streaming service was still allowing private trades last week, a highly unusual move so close to a public listing. But investors were finding it difficult to pick up big blocks ...
Since Wang Xing founded Meituan as a Groupon clone eight years ago, he has transformed the startup into a one-of-a-kind online services marketplace valued at $30 billion. Now, in his quest to become the next king of China's Internet, he is going head-to-head with China’s biggest and best-funded tech companies, including Alibaba and Didi Chuxing.
In his first interview with a Western ...
More Silicon Valley investors are jumping into one of the most obscure niches in private tech finance: lending money to startup employees to profit from the windfall when the companies go public.
New employee loan funds are aiming to raise hundreds of millions of dollars, backed by institutional investors, private wealth managers and high-profile venture capitalists like Peter Thiel. They are ...
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