Boon Ping

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17 Los Angeles venture capital firms you should know

Investment from venture capitalist is the grease that keeps Los Angeles tech startups humming and headed down the road. Here are 17 firms that are …

YouTube Will Completely Remove Videos Of Creators Who Don’t Sign Its Red Subscription Deal

YouTube made its top video creators an offer they literally couldn’t refuse, or they’d have their content disappear. Today YouTube confirmed that any “partner” creator who earns a cut of ad revenue but doesn’t agree to sign its revenue share deal for its new YouTube Red $9.99 ad-free subscription …

UNDER 35 AND CRUSHING IT: Meet the most ambitious young founders in New York who are building the next giant companies

In fact, some of the coolest new companies on the east coast are being built by people who are in their 20s and 30s.<p>Culled from our list of the 2015 Silicon Alley 100, here are dozens of startup founders and CEOs doing amazing things in New York tech and beyond — and they're all under 35.

Startups

Klook, An App For Booking Travel Activities Across Asia, Raises $5M

Klook, a Hong Kong-based company that sells travel activities across Asia, has announced a $5 million Series A round led by US-Sino investment fund Matrix Partners. China Growth Capital and Francis Leung, chairman of CVC Capital, also took part.<p>The company was founded in September 2014 with the …

5 Startups Changing the Real Estate Field

Technology has revolutionized the way customers shop for houses.<p>From researching properties to helping them locate real estate agents, there seems to be an app for everything customers want to do.<p>But there's plenty of space for innovation in the field. Currently the industry often operates under …

Real Estate

The Secret About Rich Founders And Ferraris

By now, the outrage machine is in full bore over the shutdown of Valley darling Secret. The once high-flying app, which allowed you to anonymously share details with your friends and the wider world, eventually sputtered in its growth, leading its founders to shut it down yesterday.<p>Startups fail …

LVMH’s Groupe Arnault, Accel, More Pour $40M Into Fashion Shopping Aggregator Lyst

On the heels of Farfetch raising $86 million last month, another fashion commerce startup out of London has picked up a significant round of funding. Lyst, a site that lets people shop across 11,500 different online stores using a single check-out, has picked up $40 million in a Series C round of …

eCommerce

Victorious Launches Its First Apps For Online Stars And Their “Superfans”

Victorious is launching mobile apps today built for Internet video stars Ryan Higa and The Young Turks.<p>I assume this is good news if you’re a fan of Higa or The Young Turks, but even if you’re not, it’s the first public launch of apps from Victorious, making it the first real glimpse of what the …

Big Valuations Come With Dangerous Small Print

<b>Editor’s note:</b> <i>Ben Narasin was an entrepreneur for 25 years before becoming an institutional seed investor. Jeremy Abelson is the founder and portfolio manager of Irving Investors, a growth fund focused on disruptive technologies.</i><p>About three years ago we started noticing a sliver of founders who …

Here's what billion-dollar startups had in common during their early days

There is a lot of coverage of the companies that have reached valuations of over a billion dollars. Many of these companies were not always fast growing businesses.<p>At Shasta Ventures, we focus on investing at the early stage, so we studied 32 high value consumer companies to see what they looked …

Startups

Silicon Valley mulls invasion of $1 billion 'unicorns'

That came just weeks after Slack, which makes a business software collaboration tool, entered the group which includes well-known names like Uber and Snapchat<p>While unicorns are supposed to be rare, mythical creatures, the proliferation of these billion-dollar startups has raised eyebrows as well as …

Venture Capital

Banking On Southeast Asia’s E-Commerce Future

<b>Editor’s note:</b> <i>Aung Kyaw Moe is the founder and Group CEO at 2C2P.</i><p>China’s e-commerce, m-commerce and payments lead the world. It is the largest e-commerce market (KPMG), and is home to Alibaba, with its US$25 billion IPO, the largest in history. Alipay, China’s answer to PayPal, is the world’s …

South-east Asia

Japan’s SmartNews Raises Another $10M At A $320M Valuation To Expand In The U.S.

While general sites like Facebook, Twitter and Google stake their claims as news portals, apps focused squarely on reading news continue to duke it out.<p>The latest development comes from SmartNews, a popular app founded in Japan that competes against the likes of Flipboard and Nuzzel in the news …

Taiwan image recognition startup Viscovery nets $5M in funding

Viscovery, a Singapore- and Taipei-based startup that provides image recognition software for mobile apps, announced today it has closed a US$5 …

Sorcery! Bloomberg apparently just learned how venture capital works

Apparently someone at BloombergBusiness -- the magazine formerly known as BusinessWeek -- just graduated from their VC as a Second Language …

Technology startups collect billions of dollars and sit on the sidelines

Niklas Östberg's startup has raised so many rounds of funding that he has almost lost track.<p>"I think officially we're probably on Series, oh, did we …

Japan’s Peatix Lands $5M To Grow Its Mobile Ticketing Service Worldwide

Peatix, a Japan-headquartered mobile event and ticketing startup, has closed a $5 million Series B round led by Digital Garage to develop its global presence and technology.<p>Tokyo-headquartered Digital Garage, which works with the likes of Twitter and Kiip, invested via its DG Incubation arm. Others …

Venture Capitalists are Bullish on News: Funding to Media / Fat Content Startups Jumps 145% YoY

Investor funding into online media upstarts like Buzzfeed, Vox and Business Insider, jumped to over $800M in 2014.<p>Venture capital investors continue …

Cheetah Mobile Buys MobPartner For $58M As Ad Tech Consolidates

Cheetah Mobile, a software company based out of China and best known for products like the Clean Master security and storage optimizer for Android devices, has made an acquisition to move deeper into the world of ad tech. Today, the company announced that it will buy MobPartner in a $58 million …

The Long Story Behind Gigaom’s Sudden Demise

Here's what happened.<p>When Gigaom’s managers announced the tech news publisher was laying off all of its employees on Monday, the news came as a shock to the site’s staff and its many admirers.<p>But, behind the scenes, Gigaom’s managers and investors had known the company was in serious peril for more …

Employment

India’s Stayzilla Raises $20M For Its Hybrid Hotel/Airbnb-Like Booking Service

Stayzilla, an India-based service that combines regular hotel bookings with short-term, Airbnb-style rentals, has announced a $20 million Series B round to grow its business.<p>The round, details of which leaked last week, was led by Nexus Venture Partners and existing investor Matrix Partners. …

Venture Capital

Content Curation Startup Livefyre Raises $47M More, Brings On Adobe And Salesforce As New Investors

Livefyre is announcing that it has raised $47 million in new funding.<p>That number includes a $15 million addition to the company’s Series C — founder and CEO Jordan Kretchmer told me that the company didn’t bother to announce that “opportunistic” funding separately, because it was quickly followed …

To Grow Merchant Customers, iZettle Slashes The Cost Of Its Card Readers To Zero

iZettle, the Swedish payments startup that has been called the ‘Square of Europe’ for its mobile-based point of sale services, is taking its business development strategy up another notch today: the company — which currently processes about $2.3 billion in transactions each year — is launching a …

India’s News In Shorts Raises $4 Million Series A Round Led By Tiger Global

News In Shorts, an India-based company that operates a news digest app for iOS and Android, has raised a $4 million Series A round led by Tiger Global.<p>The funding round for the New Delhi-based startup included participation from Japan’s Rebright Partners and existing investors Sachin and Binny …

Social Commerce Site Fancy Raises Around $20M In Series D Led By Carlos Slim Jr And Japan’s CCC

Some hot news for Fancy, the social shopping platform based out of New York. The company has raised a Series D round of around $20 million, a strategic investment led by Mexico’s Carlos Slim Domit and CCC, a holding company out of Japan whose main business is the Tsutaya chain of book and media …