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BoxGroup
BoxGroup is an investment fund company based in New York City. The company was founded in 2007 by David Tisch, grandson of entrepreneurs Laurence A. Tisch, and Adam Rothenberg. BoxGroup invests in the pre-seed and seed rounds of financing for early-stage companies. One of the financing companies they have invested in, is Ramp, a corporate card start-up. The venture capital fund invests in start-up technology businesses in many sectors including marketplaces, e-commerce, SAAS, and financial tech. BoxGroup was among the top three most active United States-based micro venture capital firms in 2014. The company was listed in Poet & Quants "Top 20 Investors Behind MBA Startups" and has more than 230 investments startup companies including Vine, Groupme, Warby Parker and Behance Behance (stylized as Bēhance) is a social media platform owned by Adobe whose main focus is to showcase and discover creative work. Behance was founded by Matias Corea and Scott Belsky in November 2005 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David Tisch
David Tisch (born 1981) is a businessman and angel investor based in New York City. He is managing partner of BoxGroup, a seed-stage capital firm, and a co-founder of TechStars New York City. He is the grandson of American businessman Laurence Tisch, co-owner of Loews Corporation. His great-uncle, Preston Robert Tisch purchased the New York Giants, now co-owned by Steve Tisch, who produced the films ''Forrest Gump'' and ''Risky Business''. Education and early career Tisch was born and raised outside of New York in Westchester County, the son of Bonnie J. Tisch and Daniel R. Tisch. His grandfather is Laurence A. Tisch. He is Jewish and invested his bar mitzvah money in the eBay IPO and saw a 15x return. Tisch graduated from the University of Pennsylvania with a B.A degree in American history in 2003. He received a law degree from New York University in 2006. Tisch practiced law and worked at Vornado Realty Trust. He helped found LightsOver, an online group-buying service. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
E-commerce
E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems, and automated data collection systems. E-commerce is in turn driven by the technological advances of the semiconductor industry, and is the largest sector of the electronics industry. Defining e-commerce The term was coined and first employed by Dr. Robert Jacobson, Principal Consultant to the California State Assembly's Utilities & Commerce Committee, in the title and text of California's Electronic Commerce Act, carried by the late Committee Chairwoman Gwen Moore (D-L.A.) and enacted in 1984. E-commerce typically uses the web for at least a part of a transaction's life cycle although it may also use other techno ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 2007
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessmen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Behance
Behance (stylized as Bēhance) is a social media platform owned by Adobe whose main focus is to showcase and discover creative work. Behance was founded by Matias Corea and Scott Belsky in November 2005. It was acquired by Adobe in December 2012. As of October 2020, Behance had over 24 million members. History Behance was founded by Matias Corea and Scott Belsky in November 2005. The company initially relied on revenue, generating income by selling banner ads, job postings and later, 99U conference tickets. In May 2012, their first round of outside funding received $6.5 million from investors including Dave McClure and Jeff Bezos's personal investment firm, Bezos Expeditions. The company was acquired by Adobe Systems for $150 million in December 2012. In 2021, Behance added a subscription feature for users to sell their tutorials and other services. It also added crypto wallet integration. Corporate affairs Products Users can sign up to Behance and build profiles consisti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Warby Parker
Warby Parker is an American online retailer of prescription glasses, contact lenses, and sunglasses, based in New York City. Warby Parker was founded as primarily online retailer, but now sells primarily (about 90%) through approximately 160 physical retail store locations across the U.S. and Canada. History The company was founded in 2010 in Philadelphia by Neil Blumenthal, Andrew Hunt, David Gilboa, and Jeffrey Raider and is headquartered in New York City. The name "Warby Parker" derives from two characters that appear in a journal by author Jack Kerouac. The company's official corporate name is JAND Inc. and "Warby Parker" is the company's trade name. The company was started in the Venture Initiation Program of the Wharton School of the University of Pennsylvania, where the founders all studied. The company received $2,500 seed investment through the program and launched in February 2010. Shortly after launching, the company was covered by ''Vogue''. In May 2011, Warby Pa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Groupme
GroupMe is a mobile group messaging app owned by Microsoft. It was launched in May 2010 by the private company GroupMe. In August 2011, GroupMe delivered over 100 million messages each month and by June 2012, that number jumped to 550 million. In 2013, GroupMe had over 12 million registered users. History Grouply, the app that would become GroupMe, was created in May 2010, at a hackathon at the TechCrunch Disrupt conference. Its creators, Jared Hecht and Steve Martocci, intended the app to replace email chains as a method of communication. After investors took notice of the app, Hecht and Martocci took a loan from Hecht's parents and began working on their app full time. The name was changed to GroupMe in August. The same month, GroupMe raised $85,000 from investors. The app was released on the App Store in October 2010. In January 2011, GroupMe received US$10.6 million in venture capital from Khosla Ventures, General Catalyst Partners, angel investors, and others. In Augus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vine (service)
Vine was an American short-form video hosting service where users could share six-second-long looping video clips. It was originally launched on January 24, 2013 by Vine Labs, Inc., bought by Twitter the year before; the service was shut down in October 2016 and the app was discontinued a few months later. Videos published on Vine's social network could also be shared on different social networking platforms such as Facebook and Twitter. The Vine app was also used to browse videos, along with a group of videos that were uploaded by theme, and hoping that users could "trend" videos. Vine competed with other social media services such as Instagram and Snapchat. By December 2015, Vine had over 200 million active users. On October 27, 2016, Twitter announced that it would disable all uploads, but that viewing and download would continue to work. On January 20, 2017, Twitter launched an Internet archive of every Vine video that had ever been published. The archive was officially d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Micro Venture Capital
Micro venture capital is money invested to seed early-stage emerging companies with amounts of finance that is typically less than that of traditional venture capital. In contrast to traditional venture capital which is money used to invest in companies looking to fund growth (also referred to as a Series A round of funding), micro venture capital consists of smaller seed investments, typically between $25K to $500K, in companies that have yet to gain traction. In the United States, the number of micro venture capital firms have continued to rise rapidly over the last 5 years, and have become an important source of finance for startup companies. Principles Micro venture capital generally share certain characteristics: *Initial investment at the seed stage *Investment on behalf of 3rd party Limited Partners *Most commonly have fund sizes that are less than $50MM Most micro venture capital firms pursue startups that are at their seed stage because of their lower initial cost basis. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Technology
Fintech, a portmanteau of "financial technology", refers to firms using new technology to compete with traditional financial methods in the delivery of financial services. Artificial intelligence, blockchain, cloud computing, and big data are regarded as the "ABCD" (four key areas) of fintech. The use of smartphones for mobile banking, investing, borrowing services, and cryptocurrency are examples of technologies designed to make financial services more accessible to the general public. Fintech companies consist of both startups and established financial institutions and technology companies trying to replace or enhance the usage of financial services provided by existing financial companies. A subset of fintech companies that focus on the insurance industry are collectively known as insurtech or insuretech companies. Key areas Academics Artificial intelligence (AI), blockchain, cloud computing, and big data are considered the four key areas of FinTech. Artificial intelli ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Software As A Service
Software as a service (SaaS ) is a software licensing and delivery model in which software is licensed on a subscription basis and is centrally hosted. SaaS is also known as "on-demand software" and Web-based/Web-hosted software. SaaS is considered to be part of cloud computing, along with infrastructure as a service (IaaS), platform as a service (PaaS), desktop as a service (DaaS), managed software as a service (MSaaS), mobile backend as a service (MBaaS), data center as a service (DCaaS), integration platform as a service (iPaaS), and information technology management as a service (ITMaaS). SaaS apps are typically accessed by users of a web browser (a thin client). SaaS became a common delivery model for many business applications, including office software, messaging software, payroll processing software, DBMS software, management software, CAD software, development software, gamification, virtualization, accounting, collaboration, customer relationship management (CR ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Startup Company
A startup or start-up is a company or project undertaken by an entrepreneur to seek, develop, and validate a scalable business model. While entrepreneurship refers to all new businesses, including self-employment and businesses that never intend to become registered, startups refer to new businesses that intend to grow large beyond the solo founder. At the beginning, startups face high uncertainty and have high rates of failure, but a minority of them do go on to be successful and influential.Erin Griffith (2014)Why startups fail, according to their founders Fortune.com, 25 September 2014; accessed 27 October 2017 Actions Startups typically begin by a founder (solo-founder) or co-founders who have a way to solve a problem. The founder of a startup will begin market validation by problem interview, solution interview, and building a minimum viable product (MVP), i.e. a prototype, to develop and validate their business models. The startup process can take a long period of time (by so ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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