November 19, 2019 News Magazine

Month: April 2019


SoftBank makes a huge bet on Latin America

April 30, 2019

April 30, 2019

Rappi represents a new era for Latin American technology startups. Based in Bogotá, Colombia, the on-demand delivery startup has taken the region by storm, attracting a record amount of venture capital funding in mere months. Today marks the beginning of a new round of explosive growth as SoftBank, the Japanese telecom giant and prolific Silicon Valley tech investor, has confirmed a $1 billion investment in the business. The king-sized financing comes two months after SoftBank announced its Innovation Fund, a new pool of capital committed to spending billions on the growing tech ecosystem in Central and South America. VC funding in Latin America catapulted to new heights in 2018. Startups located across Argentina, Brazil, Chile, Colombia and more have secured nearly $2.5 billion since the beginning of 2018, according to PitchBook, up from less than $1 billion invested in 2017. SoftBank plans to transfer the Rappi investment to the Innovation Fund “upon the fund’s establishment,” ac..

SoftBank makes a huge bet on Latin America

April 30, 2019

April 30, 2019

Rappi represents a new era for Latin American technology startups. Based in Bogotá, Colombia, the on-demand delivery startup has taken...

YouTube sets a goal of having half of trending videos coming from its own site

April 30, 2019

April 30, 2019

YouTube wants to have half of the featured videos in its trending tab come from streams originating on the company’s...

AR will mean dystopia if we don’t act today

April 30, 2019

April 30, 2019

Matt Miesnieks Contributor Matt Miesnieks is a partner at Super Ventures. More posts by this contributor Why the YouTube of...

USV closes on $450M for new funds, adds two partners

April 30, 2019

April 30, 2019

Union Square Ventures, a venture capital firm known for early bets in Twitter, Etsy and Tumblr, has $450 million in...

Services really are becoming a bigger part of Apple’s business

April 30, 2019

April 30, 2019

  We’ve known for a while now that Apple was going to be putting more of an emphasis on services....

The curious case of Slack’s missing $162 million

April 30, 2019

April 30, 2019

Slack has filed its S-1 registration statement with the SEC in preparation for its direct listing. One interesting dataset that...

Spot.IM raises $25M to help publishers engage with readers

April 30, 2019

April 30, 2019

Spot.IM announced today that it has raised $25 million in Series D funding. We’ve written about the company’s commenting platform before, but CEO Nadav Shoval said it’s now building a broader “community platform.” That platform goes beyond commenting and moderation to also include community pages and other ways to highlight and monetize user-generated content. Its customers include Hearst, Refinery29, Fox News and our corporate siblings at Engadget and AOL.com. Shoval argued that these tools are particularly important as digital media business models are struggling — regardless of whether those publishers are focused on advertising, subscriptions or other business models, the key is to focus on loyal users rather than “random users that come in and disappear.” Spot.IM can make a big difference in this area by keeping users engaged, and by providing data to help publishers understand the behavior and value of their users. In fact, Shoval said that for some publishers, a Spot.IM user..

Spot.IM raises $25M to help publishers engage with readers

April 30, 2019

April 30, 2019

Spot.IM announced today that it has raised $25 million in Series D funding. We’ve written about the company’s commenting platform...

Apple Q2: iPads up, iPhones down

April 30, 2019

April 30, 2019

Today’s big story for Apple revenue was once again focused on services. That’s likely to be the tale for the...