Pando

February 2014

  1. Why Machinima's Warner Brothers round could be a bridge to nowhere

    When is raising a $10 million investment round a bad thing? When your company needs several times that amount to execute its business plan.

    By Michael Carney , written on

    From the News desk

  2. By Tim Worstall , written on

    From the News desk

  3. 500 Startups launches LGBT tech event series

    The tech world spends a lot of time talking about "brogrammers" -- the cult of white, straight men who, at their worst, act as though the world owes them a debt of gratitude for "crushing it" at their silly little crowdfunding startup or whatever. The fact that these guys still disproportionally outnumber women, gays, and non-whites in Silicon Valley reveals “systematic and hidden biases” in technology funding, writes Astia CEO Sharon Vosmek. The observation is more than anecdotal: Only 13 percent of venture deals went to female-led companies in the first half of last year. Meanwhile that insular, homogenous culture may explain why people like Uber's Travis Kalanick think it's okay for CEOs of billion dollar companies to make "boob" jokes in magazine interviews.

    By David Holmes , written on

    From the News desk

  4. With a $1.3M Series A and profitability, Coursehorse looks toward expansion

    Digital marketplaces for specific, everyday services are all the rage these days. If I had dime for every time I was pitched on a company that claimed it was the "Uber of …" I would be a far richer man.

    By Cale Guthrie Weissman , written on

    From the News desk

  5. Arab Bank lawyers claim Pando story poisons jury pool; judge disagrees

    Earlier this week I published an in-depth feature story on Arab Bank and a lawsuit that seeks to hold it responsible for facilitating massive amounts of terror financing. A few days after "Follow the Money: Exposing the secret U.S. operations that help fund suicide bombers" went online, lawyers representing Arab Bank filed a complaint with the court, claiming that two of the attorneys I quote in the story had violated Rules of Professional Conduct in an attempt to "taint the jury pool." They sought remedies that could include "a change of venue, trial postponement," as well as "emphatic warnings to the press and parties.”

    By Adam L. Penenberg , written on

    From the News desk

  6. GrubHub files for IPO

    GrubHub, the takeout-ordering service that merged with Seamless in 2013, today announced that it has filed to go public with the US Securities and Exchange Commission. The filing states that GrubHub hopes to raise $100 million in the IPO. It will be listed on the New York Stock Exchange under the "GRUB" symbol.

    By Nathaniel Mott , written on

    From the News desk

  7. An anti-pension billionaire shows the five rules of deceptive native advertising

    The term "native advertising" may be new, but the principles of deception and camouflage that define it are not.

    By David Sirota , written on

    From the News desk

  8. Mt. Gox files for bankruptcy protection

    Mt. Gox, the troubled Bitcoin exchange that suspended operations following allegations of financial woes and lax security, today filed for bankruptcy protection in Japan. The company confirmed that it has lost roughly $473 million worth of bitcoin; some of its own bitcoins (100,000 BTC) were stolen, but the vast majority (750,000 BTC) belonged to its customers. It also said that it has an outstanding debt of roughly $63 million with just $37.7 million in assets.

    By Nathaniel Mott , written on

    From the News desk

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