Craft Ventures
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Craft Ventures
Craft Ventures is a venture capital firm based in San Francisco which makes early stage venture investments. Craft was founded in 2017 by David O. Sacks and Bill Lee. Background Craft was founded in 2017 by David O. Sacks, formerly of Yammer and PayPal and Bill Lee, formerly of Remarq and Big Fish Games. Jeff Fluhr, founder and former CEO of StubHub, joined as general partner in 2018 and Sky Dayton, founder of EarthLink and Boingo Wireless, joined as venture partner the same year. Craft announced its first fund of $350 million in January 2018 and its second fund of $500M in October 2019. Funds Craft Ventures I ($350 million) was raised in 2017. Craft Ventures II ($500 million) was raised in 2019. In August 2021, Craft announced the closing of Craft Ventures III ($612 million) and Craft Ventures Growth I ($510 million), focusing on SaaS businesses and marketplace A marketplace or market place is a location where people regularly gather for the purchase and sale of provi ...
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Private 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 ...
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StubHub
StubHub is an American ticket exchange and resale company. It provides services for buyers and sellers of tickets for sports, concerts, theater, and other live entertainment events. It is the world's largest ticket marketplace. While the company does not currently disclose its financials, in 2015 it had over 16 million unique visitors and nearly 10 million live events per month. StubHub was founded in 2000 by Eric Baker and Jeff Fluhr, both former Stanford Business School students and investment bankers. In 2007, StubHub was acquired by eBay for $310 million. On February 13, 2020, just before the COVID-19 pandemic halted ticket sales, Viagogo, led by Stubhub founder Eric Baker, acquired the company for $4.05 billion. History 2000-2007 StubHub was founded in San Francisco, United States in 2000 by Eric Baker and Jeff Fluhr, both former Stanford Business School students and investment bankers. One of its first major sports deals was with the Seattle Mariners in 2001. Baker left ...
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Financial Services Companies Established In 2017
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 (economics), production, Distribution (economics), distribution, and Consumption (economics), consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in Financial system, financial systems at various scopes, thus the field can be roughly divided into Personal finance, personal, Corporate finance, corporate, and public finance. In a financial system, assets are bought, sold, or traded as Financial instrument, financial instruments, such as Currency, currencies, Loan, loans, Bond (finance), bonds, Share (finance), shares, Stock, stocks, Option (finance), options, Futures contract, futures, etc. Assets can also be Bank, banked, Investment, invested, and Insurance, insured to maximize value and minimize loss. In practice, Financial risk, risks are alway ...
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CloudKitchens
CloudKitchens is a ghost kitchen and virtual restaurant company started by Diego Berdakin. In a cloud kitchen, food is only prepared in a commercial kitchen for delivery or takeaway; there are no dine-in guests. With the help of cloud kitchens, restaurateurs can easily grow an already-existing business or launch a digital brand. Funding In January 2019, Saudi Arabia's sovereign wealth fund, Public Investment Fund, invested $400 million in the startup's Series A round. By that time, Travis Kalanick had invested $300 million in the company; he sold $1.4 billion of his Uber stock by May 2019. Sources noted Kalanick's ties to Saudi Arabia, which includes Kalanick serving on an advisory board for Neom, Saudi Arabia's plan to build a futuristic "mega city" in the desert. In 2018, Travis Kalanick purchased a controlling stake in City Storage Systems LLC, founded by Diego Berdakin, for $150 million, which operates as the parent company of CloudKitchens and is operated by Berdakin ...
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Marketplace
A marketplace or market place is a location where people regularly gather for the purchase and sale of provisions, livestock, and other goods. In different parts of the world, a marketplace may be described as a '' souk'' (from the Arabic), ''bazaar'' (from the Persian), a fixed '' mercado'' (Spanish), or itinerant ''tianguis'' (Mexico), or ''palengke'' (Philippines). Some markets operate daily and are said to be ''permanent'' markets while others are held once a week or on less frequent specified days such as festival days and are said to be ''periodic markets.'' The form that a market adopts depends on its locality's population, culture, ambient and geographic conditions. The term ''market'' covers many types of trading, as market squares, market halls and food halls, and their different varieties. Thus marketplaces can be both outdoors and indoors, and in the modern world, online marketplaces. Markets have existed for as long as humans have engaged in trade. The earlies ...
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SaaS
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 (CRM), ...
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Boingo Wireless
Boingo Wireless is an American company that designs, builds and manages wireless networks. Its public and private networks include distributed antenna systems (DAS), small cells, macro towers and more than one million Wi-Fi hotspots around the world. The company operates networks for airports, transit stations, stadiums, military bases, hospitals and commercial properties. The company is headquartered in Los Angeles, California, with additional offices in London, New York City, and Oak Brook, Illinois. The company was listed on the Nasdaq until it was acquired by investment firm Digital Colony Management LLC in 2021. History In 2001, Earthlink co-founder Sky Dayton founded Boingo to address the then-fragmented state of Wi-Fi networks. He said he saw how Wi-Fi "could help make the Internet as ubiquitous as the air we breathe". In March 2007, Boingo acquired Concourse Communications Group, which extended Boingo's services into Wi-Fi and cellular DAS networks at airports. On Nove ...
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EarthLink
EarthLink is an American Internet service provider. It went public on NASDAQ in January 1997. Much of the company's growth was via acquisition; by 2000, ''The New York Times'' described Earthlink as the "second largest Internet service provider after America Online." Business EarthLink was formed in 1994, and offers services to residential consumers and businesses. EarthLink claims to have five million users. EarthLink business internet sells business telecom services, IT and virtualization, cloud computing, IT security, digital marketing, colocation, hosted applications and support services. The company owns and operates a U.S. network including 29,421 route miles of fiber, 90 metro fiber rings, and eight data centers. EarthLink's offers residential consumers services that include wireless, fiber, and satellite internet, streaming content bundles, web hosting and e-commerce. Its products include Email spam, spam filters, Computer virus, anti-virus protection, and File hosting ...
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Sky Dayton
Sky Dylan Dayton (born August 8, 1971) is an American entrepreneur and investor. He is the founder of Internet service provider EarthLink, co-founder of eCompanies, and the founder of Boingo. Early life Dayton's father was the sculptor Wendell Dayton, and his mother is Alice Pero, a poet and flutist. Shortly after his birth in New York City, the family moved to Los Angeles. He lived for a time with his maternal grandfather, David DeWitt, an IBM Fellow, who played a large part in introducing Dayton to technology. At the age of 9, he got his first computer, a Sinclair ZX81, which he used to learn programming in BASIC. At 16, Dayton graduated from The Delphian School, a private boarding school in Oregon, which uses study methods developed by L. Ron Hubbard. He wanted to be an animator but was rejected when he applied to CalArts (the California Institute for the Arts), saying he was too young at the time. Instead, Dayton got an entry-level job at a Burbank, California, adver ...
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Bloomberg L
Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and mayor of New York City (2002–2013) * Ramon Bloomberg (born 1972), American artist and film director Other uses * Bloomberg L.P., financial news and media company founded by Michael Bloomberg ** Bloomberg News, a news agency ** ''Bloomberg Businessweek'', weekly business magazine and website ** ''Bloomberg Markets,'' a monthly financial magazine ** Bloomberg Radio, a business radio network ** Bloomberg Television, a business news channel ***Bloomberg TV Canada ***Bloomberg TV Philippines ***Bloomberg TV Malaysia ** Bloomberg Terminal, desktop terminal and software widely used in the financial industry ** Bloomberg Data, API product using sftp or web service protocols to retrieve market data ** Bloomberg Government, online news service c ...
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David O
David (; , "beloved one") (traditional spelling), , ''Dāwūd''; grc-koi, Δαυΐδ, Dauíd; la, Davidus, David; gez , ዳዊት, ''Dawit''; xcl, Դաւիթ, ''Dawitʿ''; cu, Давíдъ, ''Davidŭ''; possibly meaning "beloved one". was, according to the Hebrew Bible, the third king of the United Kingdom of Israel. In the Books of Samuel, he is described as a young shepherd and harpist who gains fame by slaying Goliath, a champion of the Philistines, in southern Canaan. David becomes a favourite of Saul, the first king of Israel; he also forges a notably close friendship with Jonathan, a son of Saul. However, under the paranoia that David is seeking to usurp the throne, Saul attempts to kill David, forcing the latter to go into hiding and effectively operate as a fugitive for several years. After Saul and Jonathan are both killed in battle against the Philistines, a 30-year-old David is anointed king over all of Israel and Judah. Following his rise to power, David ...
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Jeff Fluhr
Jeffrey Fluhr is an American business executive, currently a general partner of Craft. He co-founded StubHub and served as its CEO from 2000 until 2007, when it was acquired by eBay. He also established social video platform Spreecast in 2012, which has since ceased operations. As an angel investor he has invested in technology companies such as Houzz, Twilio, Warby Parker and Zocdoc. Background and early career Fluhr was born into a business-oriented family; his grandfather, Michael Kosof, owned a women's clothing store in Manhattan which he passed on to Fluhr's mother. His father was an engineering executive at AT&T. Fluhr caught the entrepreneurial spirit as a boy, buying candy in large boxes from a wholesale distributor, and making a profit on it. Fluhr graduated with a dual degree in engineering and finance at the University of Pennsylvania. He won the Joseph Wharton Award for Young Leadership, presented by the Wharton Club of New York. After attending college he worked at t ...
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