We’ve got a great Extra Crunch Live chat coming up on Thursday, August 4, that you won’t want to miss. The one and only Max Levchin, is Silicon Valley icon and entrepreneur extraordinaire, is joining us to talk all things tech and fintech. You might know him as the CEO of Affirm, one of the hottest finance startups around right now, but he’s actually been a significant figure in tech in the Valley — and globally — for decades,……
Over its 90 years of existence, the Museum of Modern Art (MoMA) in New York has acquired an astonishing collection, with more than 3,500 paintings and sculptures, 11,000 works on paper, and 60,000 prints and multiples. But its holdings go much deeper. “We estimate we have something like 6.5 million items,” the museum’s Chief of Archives, Library, and Research Collections, Michelle Elligott, says of her department’s files. “That’s not a very precise estimate, because I have not gone in……
SaaS investing has been on fire the past decade and the returns have been gushing in, with IPOs like Datadog, direct listings like Slack and acquisitions like Qualtrics (which is now being spun back out) creating billions of wealth and VC returns. Dozens more SaaS startups are on deck to head toward their exits in the same way, and many VC funds — particularly those with deep portfolios in the SaaS space — are going to perform well. Yet,……
Known to local residents as “The Truck-Eating Bridge,” this pedestrian overpass tends to stop trucks in their tracks, on what seems like a weekly basis. The bridge’s clearance is only 11’6″, and doesn’t appear to provide enough forewarning for oncoming traffic. (Much like the also-famous “Can-Opener” in Durham, North Carolina.) According to Google Maps, the Truck-Eating Bridge is a tourist attraction, complete with a community-derived collection of eaten-truck sightings and 29 five-star reviews at the time of this writing…….
By the mid-1800s, the United States was well on its way to becoming an economic powerhouse. Raw materials, booming industries, and new technologies were making the country an industrialized force to be reckoned with. In Ohio, these innovations took root and grew in Hocking Valley, located in the southeastern corner of the state. Bricks for paving and construction were crafted in this region, One of the main centers for brick making was the town of Nelsonville. By the 1880s, the……
I wanted to write an essay about Microsoft and TikTok today, because I was effectively a full-time reporter covering the software giant when it hired Satya Nadella in 2014. But, everyone else has already done that and, frankly, there’s a more pressing financial topic for us to parse. Let’s take a minute to take stock of SPAC (special purpose acquisition companies) which have risen sharply to fresh prominence in recent months. Also known as blank-check companies, SPACS are firms……
MYRTLE BEACH, S.C. (AP) — Isaias was forecast to return to hurricane strength Monday before making landfall in the Carolinas, where coastal residents were warned to brace for flooding rains and storm surge. The U.S. National Hurricane Center issued a hurricane warning from South Santee River, South Carolina, to Surf City, North Carolina. Isaias was still a tropical storm at 11 a.m. EDT with maximum sustained winds of 70 mph (110 kph), but it was expected to strengthen into…
On November 3, 1948, a B-29 Superfortress crashed in the Peak District near Bleaklow. The United States Airforce Boeing RB-29A was part of the 16th Photographic Reconnaissance Squadron. It had previously been used to photograph nuclear testing at Bikini Atoll, including the dropping of an atomic bomb. The aircraft crashed near Higher Shelf Stones on Bleaklow during a routine daytime flight to the US Airforce Base in Warrington. It’s believed that the pilots thought they had passed the hills of……
Facebook launched two 12-week accelerator programs for startups on Monday as the social juggernaut looks for new ideas and solutions to expand its commerce and connectivity efforts. Facebook’s Commerce Accelerator will select 60 startups from the EMEA and LATAM regions for the program, the company said. The startups that make the cut will explore building shopping solutions to drive commerce inside Facebook’s family of apps. “Our goal is to make shopping seamless and empower anyone from an entrepreneur to……
Mobile banking startup Varo is becoming its own bank. The company announced on Friday it has been granted a national bank charter from the Office of the Comptroller of the Currency (OCC) and secured regulatory approvals from the FDIC and Federal Reserve to open Varo Bank, N.A. The news follows Varo’s recent close on an additional $241 million in Series D funding aimed at helped Varo transition its service to its own bank, as well as expand into new……
Tyler Griffin Contributor Tyler Griffin co-founded Prism Money, a consumer-focused bill payment tool, in 2012 and is now a managing partner at Financial Venture Studio, which invests in early-stage fintech startups. “Never run a dual-track process.” You’ll probably hear this advice if you ask an investor about raising money and selling a business concurrently, and it’s good advice. The two processes are so different, so all-consuming and require such different priorities that it is nearly impossible to do both……
Sitting on Cape Cod Bay in the lovely town of Eastham is the equally quaint First Encounter Beach. The locale offers great panoramic views of the dazzling coastline and nearby flats. But history buffs may find more than a fun day in the sun at this beautiful beach. First Encounter Beach’s unusual name comes from the fact that the beach was the site of the first encounter between the English Pilgrims and Native Americans, specifically members of the Nauset……
Just east of Leesburg, Virginia, next to a heavily trafficked six-lane highway, is a plot of overgrown and scrubby wooded land that went unnoticed for years by passersby. That is until Reverend Michelle C. Thomas took notice while delving into Loudoun County land records researching potential building sites for her church. She discovered that the parcel of land had been a burial ground for the Belmont and Coton plantations’ enslaved populations. Constructed between 1796 and 1802, the plantations owned……
Incumbent banks acquiring fintechs is nothing new, and amidst the coronavirus crisis, we can likely expect to see that trend continue. The latest such move comes from publicly listed Metro Bank, which today has announced its intention to purchase peer-to-peer lender RateSetter for up to £12 million. Pending approval by U.K. regulators, Metro Bank is acquiring RateSetter for an initial price of £2.5 million, with “additional consideration” of up to £0.5 million payable 12 months after completion. Upon the……
EDMONTON, Alberta (AP) — Oliver Ekman-Larsson scored the first of Arizona’s three first-period goals, a healthy Phil Kessel had two assists and the Coyotes held on to beat the Nashville Predators 4-3 on Sunday to open their Stanley Cup qualifier series. The Coyotes made the most of their first postseason appearance since 2012, scoring three goals in the opening period on their way to building a 4-1 lead. The Predators rallied behind two goals by Filip Forsberg, the second…
