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Mint.com
Mint, also known as Intuit Mint (styled in its logo as intuit mint with dotted 't' characters in "intuit" and undotted 'i' characters) and formerly known as Mint.com, is a personal financial management website and mobile app for the US and Canada produced by Intuit, Inc. (which also produces TurboTax, QuickBooks, and Credit Karma). Mint.com was originally created by Aaron Patzer and provided account aggregation through a deal with Yodlee, but switched to using Intuit's own system for connecting to accounts after it was purchased by Intuit in 2009. It was later renamed from "Mint.com" to just "Mint". Mint's primary service allows users to track bank, credit card, investment, and loan balances and transactions through a single user interface, as well as create budgets and set financial goals. As of 2010, Mint.com claimed to connect with more than 16,000 US and Canadian financial institutions, and to support more than 17 million individual financial accounts. In 2016, Mint.com clai ...
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Aaron Patzer
Aaron Patzer (born November 20, 1980) is an Internet entrepreneur and the founder of Mint.com, a financial management tool which was acquired by Intuit and had over 10 million users as of mid-2012. Biography Born in Madison, Wisconsin, Patzer graduated from Evansville Central High School, Central High School in Evansville, Indiana, Evansville, Indiana. He completed his undergraduate studies in 2002 with a BSEE from Duke University. In 2004, he completed an MSEE from Princeton University. Patzer began his career in the Internet boom years of 1998–2000, working for Getawebsite.com and Miadora.com (an online jewelry store). Mint.com After a number of engineering positions and Internet startups, Patzer founded Mint.com in March 2006. According to Patzer, the inspiration for Mint.com came to him in late 2005 after being frustrated with how difficult it was to use the Intuit Quicken product. Patzer developed the full alpha version of Mint.com (in J2ee, Java J2EE and MySQL) in 200 ...
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Quicken
Quicken is a personal finance management application originally developed and offered by Intuit, Inc. Intuit sold Quicken to H.I.G. Capital in 2016, and H.I.G. sold Quicken to Aquiline Capital Partners in 2021. Quicken runs on Windows and Macintosh systems, though the data is incompatible between the two versions. Earlier versions ran on DOS and the Apple II. Versions of Quicken range from "starter" editions to more advanced offerings. Since 1998, each version has tended to have the release year in the product name (e.g., Quicken Basic 2008); before then, versions were numbered (e.g., Quicken 8 for DOS). Quicken is only available for purchase and use in Canada and the United States, and only in English. Product description The Quicken name typically refers to the core product offering of personal financial management software. The software includes financial planning activities that, historically, people may have done on paper – recording banking transactions, planning ...
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Intuit
Intuit Inc. is an American business software company that specializes in financial software. The company is headquartered in Mountain View, California, and the CEO is Sasan Goodarzi. Intuit's products include the tax preparation application TurboTax, personal finance app Mint.com, Mint, the small business accounting program QuickBooks, the credit monitoring service Credit Karma, and email marketing platform Mailchimp. more than 95% of its revenues and earnings come from its activities within the United States. Intuit offers a free online service called TurboTax Free File as well as a similarly named service called TurboTax Free Edition which is not free for most users. In 2019, investigations by ProPublica found that Intuit deliberately steered taxpayers from the free TurboTax Free File to the paid TurboTax Free Edition using tactics including Search engine privacy#Delisting and reordering, search engine delisting and a deceptive discount targeted to members of the military. ...
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Shasta Ventures
Shasta Ventures is an early-stage venture capital investment firm located in Silicon Valley that invests in enterprise and technology consumer startups. It is located on Sand Hill Road in Menlo Park. Funds Shasta's second fund of US$250 million included Nest Labs, which almost all by itself repaid the entire fund when it was sold to Google for $3.2 billion. Shasta's third fund of $265 million was announced in September 2011. The fourth fund, of $300 million, was announced in June 2014. Investment philosophy Shasta was originally focused on companies in the consumer technology space, with then managing director Tod Francis calling Mint.com a "classic Shasta" investment in September 2011. In September 2013, Rob Coneybeer of Shasta, the new managing director, said that he was betting big on hardware startups, citing Moore's Law-style continued performance improvements making opportunities for new hardware possible. Companies Mint.com Shasta Ventures was an early investor in Min ...
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Personal Financial Management
Personal financial management (PFM) refers to software that helps users manage their money. PFM often lets users categorize transactions and add accounts from multiple institutions into a single view. PFM also typically includes data visualizations such as spending trends, budgets and net worth. History PFM started in 1983 with the founding of Intuit. Scott Cook and Tom Proulx, the company’s founders, witnessed the rise of the personal computer and saw an opportunity to develop personal financial software. Their flagship product, Quicken, became a standard for many households and was eventually followed by QuickBooks, which helped small businesses manage their finances. Around the same time, a similar competing product introduced by MECA Software, conceived by MECA President Gerald Rubin, and designed by author Andrew Tobias called Managing-Your-Money (MYM) came out, first running on the Apple-II, and later the IBM-PC. Later in 1990 Microsoft released their own PFM platform cal ...
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DAG Ventures
DAG Ventures is an American venture capital firm based in Palo Alto, California. DAG Ventures works with startups in providing early stage and growth stage funding. Since its founding in 2004, by Tom Goodrich and John Cadeddu, the firm has backed nearly 180 ventures, including Ambarella Inc., Armo Biosciences, Eventbrite, Fireeye, Glassdoor, Grubhub, Nextdoor, Wealthfront, Wix.com, Yelp, and Zettle Zettle by PayPal (previously known as iZettle) is a Swedish financial technology company founded by Jacob de Geer and Magnus Nilsson in April 2010. Launching its first app and service in 2011, the company offers a range of financial products in .... Funds DAG Ventures was created out of Duff Ackerman & Goodrich, a private investment firm formed in 1991. In June 2011, DAG Ventures announced their fifth fund. In 2019, founding members of DAG Ventures launched a new venture fund, the Corner Ventures DAG Fund. Investments DAG Ventures has invested in almost 250 startups, since it ...
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Google
Google LLC () is an American multinational technology company focusing on search engine technology, online advertising, cloud computing, computer software, quantum computing, e-commerce, artificial intelligence, and consumer electronics. It has been referred to as "the most powerful company in the world" and one of the world's most valuable brands due to its market dominance, data collection, and technological advantages in the area of artificial intelligence. Its parent company Alphabet is considered one of the Big Five American information technology companies, alongside Amazon, Apple, Meta, and Microsoft. Google was founded on September 4, 1998, by Larry Page and Sergey Brin while they were PhD students at Stanford University in California. Together they own about 14% of its publicly listed shares and control 56% of its stockholder voting power through super-voting stock. The company went public via an initial public offering (IPO) in 2004. In 2015, Google was reor ...
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First Round Capital
First Round is a venture capital firm that specializes in providing seed-stage funding to technology companies. Founded by Josh Kopelman Joshua Kopelman is an American entrepreneur, venture capitalist, and philanthropist. Kopelman is best known as a founder of First Round Capital, a pioneering seed-stage venture fund that led the seed round in Uber. Josh has consistently been ran ... and Howard Morgan First Round typically provides seed-stage funding and focuses on portfolio companies' growth during their first 18 months. It has offices in San Francisco, Philadelphia and New York. In 2012, the firm launched Dorm Room Fund for college students to fund startups founded by their peers. In 2019, the firm launched the Graduate Fund, a pre-seed fund for recent graduates of undergraduate or master's programs. References External links First Round(company website) {{Philadelphia Corporations , state=collapsed Venture capital firms of the United States Financial services ...
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Angel Investor
An angel investor (also known as a business angel, informal investor, angel funder, private investor, or seed investor) is an individual who provides capital for a business or businesses start-up, usually in exchange for convertible debt or ownership equity. Angel investors usually give support to start-ups at the initial moments (where risks of the start-ups failing are relatively high) and when most investors are not prepared to back them. In a survey of 150 founders conducted by Wilbur Labs, about 70% of entrepreneurs will face potential business failure, and nearly 66% will face this potential failure within 25 months of launching their company. A small but increasing number of angel investors invest online through equity crowdfunding or organize themselves into angel groups or angel networks to share investment capital, as well as to provide advice to their portfolio companies. Over the last 50 years, the number of angel investors has greatly increased. Etymology and origin T ...
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Ram Shriram
Kavitark Ram Shriram (born 1956/57) is an Indian-American billionaire businessman and philanthropist. He is a founding board member and one of the first investors in Google. He was earlier employed by Amazon, working for Jeff Bezos. Shriram came to Amazon.com in August 1998, when the company acquired Junglee, an online comparison shopping firm of which Shriram was president. Before Junglee and Amazon, Shriram was a member of the Netscape executive team, joining them in 1994, before they shipped products or posted revenue. According to ''Forbes'', as of September 2020, his net worth was $2.3 billion. Early life Shriram holds a bachelor's degree in mathematics from Loyola College, Chennai of the University of Madras. Career Shriram started his career with Bell-Northern Research. In 1994, he became a vice president of Netscape. Later, he also served as a president of Junglee. Shriram started Sherpalo, a venture capital firm that invests in promising new disruptive technol ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities f ...
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Revenue
In accounting, revenue is the total amount of income generated by the sale of goods and services related to the primary operations of the business. Commercial revenue may also be referred to as sales or as turnover. Some companies receive revenue from interest, royalties, or other fees A fee is the price one pays as remuneration for rights or services. Fees usually allow for overhead (business), overhead, wages, costs, and Profit (accounting), markup. Traditionally, professionals in the United Kingdom (and previously the Repu .... This definition is based on International Accounting Standard, IAS 18. "Revenue" may refer to income in general, or it may refer to the amount, in a monetary unit, earned during a period of time, as in "Last year, Company X had revenue of $42 million". Profit (accounting), Profits or net income generally imply total revenue minus total expenses in a given period. In accountancy, accounting, in the balance statement, revenue is a subsection of the ...
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