People

  • Paige Craig Meerkat cop

    Hot new video app Meerkat emerges as a possible citizen journalism tool

    We’ve seen the power of platforms like Twitter and YouTube to empower citizen journalists and bring attention to the plights of the oppressed around the world. Twitter has the benefit of being real-time, something that proved crucial during uprisings like the Arab Spring and in recent protests in Ferguson, MO. YouTube, which has become the global front door to online video, adds a visual richness to these stories. Today, we may have seen the first example of Meerkat, a…
  • Fork in the road

    New beginnings, new challenges

    Hello? Hello? Is this thing on? How do you know when it’s time to take your foot of one base and reach out to steal the next? How do you thank someone for changing the course of your career, while at the same time breaking the news that you need to move on to tackle new challenges? — I never planned on being a journalist. In fact, I’ve told anyone who’s asked over the last three years that it’s…
  • Beautiful Mind

    Finance novice beats hedge fund pros, winning $100k in Quantopian trading contest

    What does it take to break into the lucrative world of hedge funds? It’s a question that countless Wall Street up-and-comers would love to see answered, as they look to graduate from the 100-hour-per-week grind of banking to the relative glamour – and massive income opportunity – of hedgies. It used to be that you had to be an Ivy League graduate with a Type-A personality and a razor sharp mind to even sniff the rarified air of hedge funds. Now,…
  • Swiss Cheese

    Apple Pay remains secure, but the banking support call centers it relies on have proven easy targets for fraud

    Security is a never-ending juggling act between preventing unwanted accessibility and delivering an easy, enjoyable user experience. Often, when companies overly prioritize the latter, the unintended consequence is marked increase in incidences of fraud. So has been the case with the banking industry’s adoption of Apple Pay. With the popularity and rapid adoption of the new iOS payment platform, card issuers have had to authorize and provision encrypted card details for more than 2 million US consumers (and more individual…
  • Green Bitcoin

    Barry Silbert’s BIT wins the race to become the first publicly traded bitcoin investment vehicle

    Even for those investors interested in finding exposure to bitcoin, you could forgive them for feeling skeptical about even the most high profile of exchanges within the category. Bitcoin exchanges have proven a high profile target for hackers and internal fraud, with many of the most widely traded platforms falling victim to such attacks. But thanks to a new investment vehicle hitting a major US stock exchange, these bitcoin-specific exchanges are no longer an investor’s only option. Bitcoin Investment Trust…
  • Kim Dotcom

    Kim Dotcom’s Mega is dropped by PayPal over end-to-end encryption, may adopt Bitcoin instead

    Mega, the end-to-end encrypted cloud storage platform founded by mercurial entrepreneur and occasional outlaw Kim Dotcom, is back in the news. This time, the company’s primary adversary is PayPal, which earlier this week cancelled its payments processing contract. In a blog post on the news, Mega writes: Eventually PayPal made a non-negotiable decision to immediately terminate services to MEGA. PayPal has apologised for this situation and confirmed that MEGA management are upstanding and acting in good faith. PayPal acknowledged…
  • Doh Doh

    Always inept Bitcoin Foundation badly bungles board vote, asks for a do-over

    Stop me if you’ve heard this one before: a faulty and poorly tested voting platform has compromised a high-profile election. The issue this time isn’t “hanging chads” and the offices at stake aren’t quite as critical as the President of the United States. Rather, the Bitcoin Foundation is hosting a run-off election to fill two board member seats and elected to switch the voting platform at the last minute to a blockchain-based system, only to have it fail spectacularly and…
  • Got Slack

    Consumers are using Slack beyond the enterprise, whether the company likes it or not

    Rarely when a team sets out to build a new product do they have an accurate idea of how users will actually adopt and make use of its features. Look no further than Twitter, which has embraced and productized the hacked-together features created by its earliest and most engaged users, including tagging (@), retweets (RT), hashtags (#), and favorites (✭). The truth is, when you build a great product that solves a real market need, users will flock to that…
  • Kid's Closet

    ThredUp acquires Kindermint, further proving that pre-owned and premium aren’t mutually exclusive

    In the average American closet, only 30 percent of items are worn regularly. The other 70 percent of items are simply taking up space, and, in many cases, exerting a cognitive tax as people struggle to sort through their wardrobe looking for something to wear. The options for fixing this problem are well known – throwing away excess clothing, donating to charity, giving items to friends, selling items online, traditional consignment, and yard sales – but none of them are…
  • crowd

    ZenPayroll proves that SMB software can scale, crossing 10k paying customers in under two years

    Small- and medium-sized businesses (SMBs) have long been the black sheep of business software customers. Considered too small and too fragmented to sell to individually, most software provider have ignored this lower end of the market in favor of larger enterprises, or at best offered feature-limited access to product that are often ill-suited to users at this scale. It’s notable then that ZenPayroll, one of the fastest growing and most highly-celebrated software companies of the current generation, has…
  • Delhi Uber Driver Rape

    Defense in Uber Delhi rape trial seeks to re-examine prosecution witnesses

    The trial of alleged rapist and 32-year-old New Delhi Uber driver Shiv Kumar Yadav was scheduled to hear closing arguments from both sides today. But as has been the case throughout this saga, an unexpected new controversy could delay things once again. The latest tactic by the defense is an application submitted on Monday requesting a re-examination of some prosecution witnesses. Yadav is now being represented by Advocate Dharmender Misra, who claims that his client’s previous attorney who began…
  • Unicorns

    While other VCs seek Unicorns, Indie.vc is all about that cashflow

    While most VCs are busy searching for Unicorns, the mythical $1 billion and up startups that can define a portfolio, there’s a group of investors in Silicon Valley looking at the opposite end of the spectrum: modest, cashflow businesses. Bryce Roberts and his team from O’Reilly AlphaTech Ventures (OATV) have launched a new funding initiative called Indie.vc aimed at identifying and encouraging these businesses that may never sell or IPO, and that may never raise another dollar of outside capital. Surely…
  • andreessengif

    Marc Andreessen’s plan for fostering more “Unicorn” startups

    The job of a VC is to identify the highest value companies of a generation and invest early and often to support their growth. The prevailing wisdom within the industry has long been that there are but a handful of companies per era that drive the majority of returns. If you miss out on the Google, Facebook, or Uber grand slams of a respective generation, there’s no number of doubles and triples that can make up the difference. But for…
  • Favorite Child

    eBay reaffirms PayPal’s favorite child status by gifting the unit $5 billion in cash as a spinoff looms

    You’re never supposed to reveal which of your children are your favorite. It an unwritten but unwavering rule of parenting. And yet, that’s ostensibly what eBay’s board of directors and senior executives have been doing for months in the wake of the news that it will spinoff PayPal from its remaining marketplaces business. The latest entry in eBay Inc.’s favorite-playing game is the news, announced by eBay CFO Bob Swan at the Goldman Sachs private Internet conference yesterday,…
  • metric focus

    Emergence Capital’s Gordon Ritter talks focus and customer intimacy on the eve of his firm’s $335M fourth fund

    Investors regularly tell entrepreneurs to focus on being world class at one thing. Yet, it’s advice they rarely follow themselves, with most firms investing across disparate categories like consumer internet, mobile, enterprise, healthcare, hardware, and even cleantech. Emergence Capital Partners, has been a model of focus, calling earlier than most the cloud revolution that would upend the enterprise software market. Today the firm announced its fourth fund, a $335 million oversubscribed vehicle that is a testament to the effectiveness…
  • Hate crime arson

    As police investigate apparent hate crime, LA community turns to the Web to rally support

    For all the hatred that is too often spread online, the Internet also has the power to connect and heal. I’ve come face to face with that power over the last 24 hours and it’s been incredibly uplifting. The story begins with a tragic event in the coastal LA community of Manhattan Beach, that saw a firebomb, in the form of a gas-filled flaming tire, thrown through the window of one of the neighborhood’s few African American families late…

The Week in Review