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Floodgate Fund
Floodgate Fund is a venture capital firm based in the United States created by Mike Maples Jr. and Ann Miura-Ko. It was originally named ''Maples Investments,'' but was renamed ''Floodgate Fund'' in March 2010. It is focused on investments in technology companies in Silicon Valley. Investments In March 2017, Floodgate raised $131 million for its sixth fund. In previous years, their fifth fund closed at $76 million, the fourth fund closed at $75 million and their third fund at $73.5 million. Floodgate has invested in a number of companies including Twitter, Digg, location-based services company Gowalla, professional networking service BranchOut, Chegg, Formstack, Milk Inc., TaskRabbit, self-storage marketplace SpareFoot, and seasteading platform company Blueseed. As of 2017, they've also invested in Lyft, Refinery29, LabDoor, education startup MissionU, legal discovery startup TextIQ, Okta and Rappi. Media coverage Floodgate Fund and Mike Maples have been covered in ''Tech ...
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TechCrunch
TechCrunch is an American online newspaper focusing on high tech and startup companies. It was founded in June 2005 by Archimedes Ventures, led by partners Michael Arrington and Keith Teare. In 2010, AOL acquired the company for approximately $25 million. Following the 2015 acquisition of AOL and Yahoo by Verizon, the site was owned by Verizon Media from 2015 through 2021. In 2021 Verizon sold its media assets, including AOL, Yahoo, and TechCrunch, to the private equity firm Apollo Global Management, and Apollo integrated them into a new entity called Yahoo. In addition to its news reporting, TechCrunch is also known for its Disrupt conference, an annual technology event hosted in several cities across United States, Europe, and China. History TechCrunch was founded in June 2005 by Archimedes Ventures, led by partners Michael Arrington and Keith Teare. In 2010, AOL acquired the company for approximately $25 million. As of 2013, TechCrunch was available in English, Chine ...
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SpareFoot
SpareFoot is an Austin-based company that provides listings for self-storage units. The company was originally a person-to-person model, similar to Airbnb, that later developed into a marketplace for self-storage. The company now facilitates self-storage rentals between consumers and storage operators. The company was profiled as one of ''America's Most Promising Startups'' by Bloomberg Businessweek in 2011. SpareFoot lists storage business around a particular area to show available units and prices. Customers are able to view available units, real-time price quotes, view photos and make reservations. The company currently works with more than 10,000 storage facilities across the nation. In 2016, SpareFoot added valet-storage operators to its searchable database. This on-demand option, called Full-Service Storage, takes care of pick up, storage and return delivery on demand. As of 2017, SpareFoot's Full-Service Storage is available in almost 50 markets across the U.S. The compan ...
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Financial Services Companies Established In 2010
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 assess ...
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Sarah Lacy
Sarah Ruth Lacy (born December 29, 1975) is an American technology journalist and author. Early life Lacy received her B.A. in literature from Rhodes College. Career Lacy is the former co-host of web video show Yahoo! Tech Ticker and was a columnist at ''BusinessWeek''. Lacy was a columnist at ''TechCrunch'' until November 19, 2011. She is the author of 3 books: '' Once You're Lucky, Twice You're Good'' (2008), which also goes under the title ''The Stories of Facebook, Youtube and Myspace''; ''Brilliant, Crazy, Cocky: How the Top 1% of Entrepreneurs Profit from Global Chaos'' (2011); and ''A Uterus Is A Feature, Not A Bug'' (2017). ''PandoDaily'' In 2012, Lacy founded technology news site ''PandoDaily'' with a reported $2.5m investment from investors including Marc Andreessen, Peter Thiel, Tony Hsieh, David Sze, Jim Breyer, Reid Hoffman, Chris Dixon and Josh Kopelman. The site consisted of a daily technology blog and a monthly event series entitled "PandoMonthly". A series of ...
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Forbes
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also reports on related subjects such as technology, communications, science, politics, and law. It is based in Jersey City, New Jersey. Competitors in the national business magazine category include ''Fortune'' and ''Bloomberg Businessweek''. ''Forbes'' has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine is well known for its lists and rankings, including of the richest Americans (the Forbes 400), of the America's Wealthiest Celebrities, of the world's top companies (the Forbes Global 2000), Forbes list of the World's Most Powerful People, and The World's Billionaires. The motto of ''Forbes'' magazine is "Change the World". Its chair and editor-in-chief is Steve Fo ...
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Rappi
Rappi is a Colombian multivertical company headquartered in Bogotá, Colombia, and with main offices in São Paulo and Mexico City. It was founded in 2015 by Simón Borrero, Sebastian Mejía, Felipe Villamarín and Guillermo Plaza. History Rappi was founded in 2015 by three Colombian entrepreneurs: Simón Borrero, Felipe Villamarin and Sebastián Mejía. Rappi entered Y Combinator's Winter 2016 batch, generating additional investment. In August 2018, the company raised another $200 million in funding. SoftBank became a major stakeholder in Rappi in April 2019 with a $1 billion investment that valued Rappi at $3.5 billion. In June 2020, during the COVID-19 pandemic in Latin America, Rappi announced in a live event within the application, that live events could be held in the application as well as announcing the creation of 3 additional divisions in this company such as games, live sales and music. In January 2019, Borrero, Villamarin, and Mejía were listed as part of ''Bl ...
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Okta (identity Management)
Okta, Inc. (formerly Saasure Inc.) is an American identity and access management company based in San Francisco. It provides cloud software that helps companies manage and secure user authentication into applications, and for developers to build identity controls into applications, website web services and devices. It was founded in 2009 and had its initial public offering in 2017, being valued at over $6 billion. Products and services Okta sells 10 products, including Single Sign-On, Universal Directory, Advanced Server Access (formerly ScaleFT), API Access Management, Authentication, User Management, B2B Integration, Multi-factor Authentication, Lifecycle Management, and Access Gateway. Okta sells six services, including a single sign-on service that allows users to log into a variety of systems using one centralized process. For example, the company claims the ability to log into Gmail, Workday, Salesforce and Slack with one login. It also offers API authentication servi ...
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Labdoor, Inc
Labdoor is a privately held medical company registered in San Francisco, California, founded in May 2012 by Neil Thanedar. It provides information on dietary supplements, which do not require testing by the FDA in the United States. History Born and raised in St. Louis, Missouri, the son of Shri Thanedar, Neil Thanedar graduated from the University of Michigan in Ann Arbor, Michigan, with degrees in Cellular & Molecular Biology and Business Administration. Neil Thanedar co-founded Avomeen Analytical Services with his father in 2010. He founded Labdoor (originally "Labrdr Inc") in May 2012 with co-founders Rafael Ferreira, Helton Souza, and Tercio Junker. Labdoor pursued venture investors in 2012, 2015, and 2016, ultimately securing approximately $11 Million from groups including Y Combinator, Floodgate Fund, and Rock Health. A controlling share of Avomeen Analytical Services was sold to an investment group in 2016. Products and services Since November 2013, Labdoor's primar ...
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Refinery29
Refinery29 (R29) is an American multinational digital media and entertainment website focused on young women. It is owned by Vice Media. History Justin Stefano, Philippe von Borries, Piera Gelardi, and Christene Barberich co-founded Refinery29 in 2005 as a city guide, emphasizing fashion local to New York City. The name of the website alludes to the website distilling information into its essence. The company headquarters is located in the Financial District, Manhattan neighborhood of New York City. Refinery29 has over 450 employees globally with offices in Los Angeles, London, and Berlin. In 2015, the company launched a UK edition at www.refinery29.uk and the following year in 2016, a German edition at www.refinery29.de. In 2016, Refinery29 announced it had raised $45 million in funding led by Turner. As of 2017, Refinery29 reaches an audience of over 500 million globally. On October 2, 2019, Vice Media (owned by Shane Smith (20%), The Walt Disney Company (16%), A&E Networks ( ...
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Lyft
Lyft, Inc. offers mobility as a service, ride-hailing, vehicles for hire, motorized scooters, a bicycle-sharing system, rental cars, and food delivery in the United States and select cities in Canada. Lyft sets fares, which vary using a dynamic pricing model based on local supply and demand at the time of the booking and are quoted to the customer in advance, and receives a commission from each booking. Lyft is the second-largest ridesharing company in the United States after Uber. History Lyft was launched in the summer of 2012 by computer programmers Logan Green and John Zimmer as a service of Zimride, a long-distance intercity carpooling company focused on college transport that they founded in 2007 after Green shared rides from the University of California, Santa Barbara campus to visit his girlfriend in Los Angeles and was seeking an easier way to share rides. In May 2013, the company changed its name from Zimride to Lyft. Later that year, Lyft sold the original Zimride ...
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Blueseed
Blueseed was a Silicon Valley-based startup company and a seasteading venture to create a startup community located on a vessel stationed in international waters near the coast of Silicon Valley in the United States. The intended location (outside the territorial seas of the United States, 12 nautical miles from the coast of California, in the so-called " contiguous zone") would enable non-U.S. startup entrepreneurs to work on their ventures without the need for a US work visa (H1B), while living in proximity to Silicon Valley and using relatively easier to obtain business and tourism visas (B1/B2) to travel to the mainland. The project received wide media coverage and the promise of funding from venture capitalist Peter Thiel, who also supports the Seasteading Institute, who ultimately did not invest in the seed round. Blueseed later obtained in seed funding, Bitcoin investments, and $9M from an undisclosed investor, and claimed plans to lease a ship for its platform. The la ...
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Seasteading
Seasteading is the concept of creating permanent dwellings at sea, called seasteads, in international waters outside the territory claimed by any government. No one has yet created a structure on the high seas that has been recognized as a sovereign state. Proposed structures have included modified cruise ships, refitted oil platforms, and custom-built floating islands. Proponents say seasteads can "provide the means for rapid innovation in voluntary governance and reverse environmental damage to our oceans ... and foster entrepreneurship." Some critics fear seasteads may function more as a refuge for the wealthy to Tax evasion, avoid taxes or other obligations. While seasteading gives an impression of freedom from unwanted rules and regulations, the high seas are "some of the most tightly regulated places on Earth" despite appearing borderless and free; in particular the cruise ship industry is highly regulated. The term ''seasteading'' is a blend word, blend of ''sea'' and ...
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