DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "FPV"


9 mentions found


☆ That giant sucking sound you hear is billions of startup dollars going into these 4 banks
  + stars: | 2023-03-13 | by ( Carter Johnson | Bianca Chan | Melia Russell | ) www.businessinsider.com   time to read: +7 min
"You're going to see every board member tell people to keep your money in multiple bank accounts," said Wesley Chan, cofounder and managing partner at FPV Ventures. "I'm not concerned about Bank of America," one business owner said as they left a Bank of America branch on Monday. Big banks can be less competitive, for example, on interest rates because of the security they offer. I think you'll see startups, in particular, questioning moving to the big banks given just how much more expensive it is," Matheson added. "The big banks are in very good shape, and so it probably is a stabilizing decision to move those deposits.
☆ 9 startup founders who banked with Silicon Valley Bank share where they're moving their money: 'We will not get caught like this again'
  + stars: | 2023-03-13 | by ( Samantha Stokes | Stephanie Palazzolo | Melia Russell | ) www.businessinsider.com   time to read: +10 min
Silicon Valley Bank's failure has left startup founders scrambling for a new home for their money. Last Friday morning, the startup founder Mang-Git Ng zipped up the interstate before sunrise to a Silicon Valley Bank branch in St. Helena, in California's wine country. Ng's plight is similar to countless other founders following the failure of Silicon Valley Bank, who waited with bated breath over the weekend on whether they'd ever get their money back. DiversificationSilicon Valley Bank's collapse could forever change how startups stash their cash, at least two investors told Insider. Silicon Valley Bank had exclusivity clauses with some of its clients, according to a CNBC report, forcing them to use the firm for most or all of their banking services.
☆ SVB shutdown sends shockwaves through Silicon Valley as CEOs race to make payroll
  + stars: | 2023-03-11 | by ( Greg Bensinger Anna Tong Krystal Hu Jeffrey Dastin | Greg Bensinger | Anna Tong | ) www.reuters.com   time to read: +6 min
At some Silicon Valley Bank branch locations in California, depositors gathered early Friday to attempt to get their cash out, fearing it could be inaccessible in the coming days. It has had financial relationships with a who’s who of Silicon Valley firms over the years, including Snapchat's parent Snap Inc (SNAP.N). A locked door to a Silicon Valley Bank (SVB) location on Sand Hill Road is seen in Menlo Park, California, U.S. March 10, 2023. A Silicon Valley Bank spokeswoman didn't immediately respond to a request for comment sent Friday. As of Friday, FarmboxRx’s funds were still tied up with Silicon Valley Bank.
☆ The fintech reckoning is upon us. Here’s what to expect next year
  + stars: | 2022-12-28 | by ( Hugh Son | ) www.cnbc.com   time to read: +9 min
Many fintech companies — particularly those dealing directly with retail borrowers — will be forced to shut down or sell themselves next year as startups run out of funding, according to investors, founders and investment bankers. Other private companies with a reasonable path to profitability will typically get funding from existing investors. The frenzy peaked in 2021, when fintech companies raised more than $130 billion and minted more than 100 new unicorns, or companies with at least $1 billion in valuation. "20% of all VC dollars went into fintech in 2021," said Stuart Sopp, founder and CEO of digital bank Current. "The competitive landscape shifts the most during periods of fear, uncertainty and doubt," said Kelly Rodriques, CEO of Forge, a trading venue for private company stock.
☆ 11 VCs working in the payments space investing in the next wave of fintech darlings
  + stars: | 2022-12-01 | by ( Emilia David | ) www.businessinsider.com   time to read: +2 min
Payments investments reached $3.9 billion in Q3 2022, a well-performing area despite VC pullback. VCs plan to continue to focus on the payments space as it gets more embedded in other industries. Here are 11 of the top investors in the space searching for the next fintech darling. Insider compiled a list of the top VCs investing in the space based on submissions from VC firms and data on their investing histories. Here are the 11 VCs who are bullish around payments and why they think it's going to gain traction soon, listed alphabetically:
☆ CIOs Can Play Key Role in Guiding Companies Through Slowdown
  + stars: | 2022-11-27 | by ( Steven Rosenbush | ) www.wsj.com   time to read: +7 min
The market for cloud computing, business software, artificial intelligence and other so-called enterprise technologies has been a relative bright spot. “During times of economic uncertainty, companies look for ways where technology can drive growth and create more economic value faster,” said Juan Perez, chief information officer at Salesforce Inc. When budgets are under scrutiny, companies tend to focus on short-term solutions that can drive efficiency and productivity, Salesforce’s Mr. Perez said. Companies should take this opportunity to reconsider the pace of hiring and employ freelance workers where it makes sense. Additionally, CIOs say they are looking at the opportunity to hire valuable workers who lost their jobs at other companies or renew technology contracts on more favorable terms.
☆ Tech Layoffs Reflect Worsening Outlook
  + stars: | 2022-11-04 | by ( Steven Rosenbush | ) www.wsj.com   time to read: +2 min
Layoffs at ride-sharing firm Lyft Inc. and payments company Stripe Inc., as well as a pause in hiring at Amazon.com Inc., reflect a darker outlook for tech. PREVIEW“The changes that we will see going forward will be based purely on the economic drivers from the overall economy slowing down,” Mr. Kanchi said. The metaverse, NFTs, and some aspects of cryptocurrency, or those technologies which don’t have immediate monetary value, will continue to fall out of favor, Mr. Kanchi said. “The downturn has kind of started but it hasn’t hit bottom and will get bad, very quickly, likely sometime mid next year,” Mr. Chan said. He predicts that “the new Google or Uber of 2023 and 2024 will come out of this downturn.”Write to Steven Rosenbush at steven.rosenbush@wsj.com
☆ Analysis: Tech Layoffs Reflect Worsening Outlook
  + stars: | 2022-11-04 | by ( Steven Rosenbush | ) www.wsj.com   time to read: +2 min
Layoffs at ride-sharing firm Lyft Inc. and payments company Stripe Inc., as well as a pause in hiring at Amazon.com Inc., reflect a darker outlook for tech. PREVIEW“The changes that we will see going forward will be based purely on the economic drivers from the overall economy slowing down,” Mr. Kanchi said. The metaverse, NFTs, and some aspects of cryptocurrency, or those technologies which don’t have immediate monetary value, will continue to fall out of favor, Mr. Kanchi said. “The downturn has kind of started but it hasn’t hit bottom and will get bad, very quickly, likely sometime mid next year,” Mr. Chan said. He predicts that “the new Google or Uber of 2023 and 2024 will come out of this downturn.”Write to Steven Rosenbush at steven.rosenbush@wsj.com
☆ Wesley Chan's FPV Ventures coleads $10 million round in Astra, a fintech startup that makes it easier for companies to embed payments technology into their businesses
  + stars: | 2022-10-13 | by ( Emilia David | ) www.businessinsider.com   time to read: +2 min
The startup raised $10 million in Series A funding led by FPV and Slow Ventures. Astra, a fintech startup that's developed technology to allow developers to embed financial automation into existing products, raised a $10 million Series A along with a $30 million line of credit. "Everything was going really, really fast and really big, so we said, why not ride this growth." For example, B2B payments company Hopscotch recently raised $6.1 million in additional funding in March. Akos said one of Astra's goals is to move upmarket and begin providing payments services to startups in the later stages.
<< prev 4 next >>
Total: 9