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Monday January 22, 2018

Stories related to ‘finance’

Business Insider Looks at How Media and Technology Have Transformed the #NYSE

Business Insider Looks at How Media and Technology Have Transformed the #NYSE

Although the New York Stock Exchange dates back to 1792, it's  operation of over 30 daily broadcasters is keeping up with the changing times. NYSE Euronext is, according to Business Insider, both one of the largest and most sophisticated studies in the world. In 1987, Jan Hopkins became the first [Full Story…]

Mobile Apps Becoming Priority Over Desktop Apps

Mobile Apps Becoming Priority Over Desktop Apps

With iPads and other tablets  becoming more commonplace, many banks and other companies are focusing on their mobile applications before turning to their desktop applications, Wall Street and Tech reported.   Instead of replicating the apps that they had formally created for smartphones, [Full Story…]

NY-based ShopKeep POS Raises $10M

NY-based ShopKeep POS Raises $10M

ShopKeep POS, an iPad point-of-sale provider, received $10 million in funding from Canaan Partners, Tribeca Venture Partners and TTV Capital. ShopKeep's app can ring up sales, process credit cards and print or email receipts. According to VentureBeat, the NY-based startup's app is used in more than [Full Story…]

New Media Struggles for Profitability

New Media Struggles for Profitability

While some older media companies are still adjusting to the web, web-based content providers are still far from profitable. Business Insider has more web traffic than Bloomberg BusinessWeek and the Financial Times, but after four years it does not make a profit. CBS News, however, does make a [Full Story…]

Hippeau: NY Entering a Golden Age of Entrepreneurship

Hippeau: NY Entering a Golden Age of Entrepreneurship

Eric Hippeau of Lerer Ventures said NY is entering a golden age for entrepreneurs—and they are in the position to take advantage of it. Lerer Ventures just raised its biggest fund to date--$36 million. Hippeau said NY has an infrastructure supporting entrepreneurs. It’s very collaborative and the [Full Story…]

Shutterstock is First #nyctech IPO Since 2010

Shutterstock is First #nyctech IPO Since 2010

Shutterstock Inc. recently became the first NY tech firm to go public since 2010. According to Crain's, Shutterstock now has a $750 million market cap. Jon Oringer, CEO and founder of the company said that executives paid close attention to every detail during the IPO, which impressed [Full Story…]

New #Yahoo COO Will be Based in NY

New #Yahoo COO Will be Based in NY

Yahoo's new chief operating officer, Henrique de Castro, will be based at the company's NY offices, according to Adweek. Mr. de Castro, who does not start until the middle of next month, will oversee sales at Yahoo in addition to running day-day day operations. The decision to locate Yahoo's new COO [Full Story…]

NY Reaches Key Milestones in Quest to Become Tech Capital

NY Reaches Key Milestones in Quest to Become Tech Capital

In its quest to become a tech startup capital to rival the likes of Silicon Valley, NY has been making progress. According to the Associated Press, there have been numerous signs that NY is moving in the right direction -including examples such as: Google and Facebook increasing their presence [Full Story…]

#UltraLight Startups Hosts Investor Feedback Forum

#UltraLight Startups Hosts Investor Feedback Forum

Last week, Ultra Light Startups hosted its Investor Feedback Forums for budding startups and entrepreneurs in NY. Multiple groups premiered their concepts to a panel of judges, which included Avi Chen of Majorlee Investments, Rahul Ghandi of High Peaks Ventures Partners, and others. The feedback is [Full Story…]

Wall Street Struggles to Find Qualified #nyctech Talent

Wall Street Struggles to Find Qualified #nyctech Talent

Wall Street is in search of younger, skilled  traders, which has driven up the compensation for these positions. According to the NY Post, the annual salaries for "black-box quantitative analysts starts at $1 million," while most quantitative analysts start at a base of $200,000. However, there is [Full Story…]

NY Based Kollabora Raises $2.3M

NY Based Kollabora Raises $2.3M

NY based Kollabora, a marketplace for craft supplies, has recently raised $2.3M in new funds, according to Pando Daily. Users on Kollabora can click through project instructions, techniques, how-to's and then buy their crafts supplies on the same site. There is a sense of community on Kollabora [Full Story…]

IAC Bids $300 Million for About.com

IAC Bids $300 Million for About.com

NY Internet company IAC has submitted an offer of over $300 million to buy About.com from The New York Times, according to Reuters. This offer comes after the recent bid of $270M that the Times Co. received from Answers.com.  It has been speculated that IAC would likely look to combine About.com [Full Story…]

Brooklyn Venture Capital Scene on the Rise

Brooklyn Venture Capital Scene on the Rise

The Venture Capital scene in Brooklyn is becoming more attractive for investors, according to CB Insights. The total funding in the second quarter of 2012 hit a ten quarter high and was twice the level of the next highest quarter for Brooklyn. Also, VC deals came in at a four quarter high mark in [Full Story…]

NY Based Thrillist Raises $13M in Series A Funding

NY Based Thrillist Raises $13M in Series A Funding

The newsletter/e-commerce company Thrillest has recently secured $13M in Series A funding led by Fred Harman's Oak Investment Partners, Lerer Ventures and Bob Pittman's Pilot Group. Thrillest was founded by Ben Lerer, son of Huffington Post's chairman and co-founder Ken Lerer, and the company [Full Story…]

Dreamit Demo Day Presents 15 Startups

Dreamit Demo Day Presents 15 Startups

15 startups recently presented at the Dreamit Demo Day in NY with a room full of investors and press. Dreamit, one of the best accelerator programs in NY, hosted the event in the midtown TimeLife building, according to Business Insider. 200 people gathered for the Demo Day including founders from [Full Story…]