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Technology Crossover Ventures
TCMI, Inc. better known by the name TCV (Technology Crossover Ventures) is an American investment firm based in Menlo Park, California. The firm mainly invests in public and private growth-stage companies in the technology industry. Background TCV was founded in 1995 by Richard H. Kimball and Jay Hoag. The firm is headquartered in Menlo Park with additional offices in New York and London. In 2021, the firm founded TCV Acquisition, a Special-purpose acquisition company with no commercial operations. It was formed to raise capital to acquire private companies. On 14 April, it was listed on the Nasdaq under the ticker 'TCVA' and raised $350 million. The typical size of an investment that TCV makes in companies ranges from $3 million to $300 million. As of 2020, TCV has invested over $13 billion in over 350 companies. Funds Notable investments * Altiris * Airbnb * ByteDance * Dollar Shave Club * ExactTarget * Expedia * Facebook * Fandango * Fuze * GoDaddy * GoFundMe ... [...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] |
Expedia
Expedia Inc. is an online travel agency owned by Expedia Group, an American online travel shopping company based in Seattle. The website and mobile app can be used to book airline tickets, hotel reservations, car rentals, cruise ships, and vacation packages. It is owned and operated by Expedia Group. History Expedia.com launched on October 22, 1996, as a division of Microsoft. In 1999, Microsoft spun off the company as a public company. Rich Barton became Expedia's CEO. In July 2001, USA Networks, Inc. bought Expedia from Microsoft. In December 2010, listings for AMR Corporation, the parent company of American Airlines and American Eagle Airlines, were suspended by Expedia due to a dispute over how American's fares and schedules appeared in the site's search results AMR and Expedia reached an agreement in April 2011, allowing tickets to once again be sold through the aggregate site. In June 2014, Expedia started accepting bitcoins. Starting the 2018-21 cycle, Expedia Gr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Redback Networks
Redback Networks provided hardware and software used by Internet service providers to manage broadband services. The company's products included the SMS (Subscriber Management System), SmartEdge, and SmartMetro product lines. In January 2007, the company was acquired by Ericsson. History Redback Networks was founded in August 1996 by Gaurav Garg, Asher Waldfogel, and William M. Salkewicz. The company received seed money from Sequoia Capital. In May 1999, during the dot-com bubble, the company became a public company via an initial public offering. After pricing at $23 each, shares soared 266% on the first day of trading. In November 1999, the company acquired Siara Systems, which at the time only had products in the prototype stage, for $4.3 billion in stock. In 2000, its share price peaked at $198 but fell to $0.27 in October 2002, after the burst of the dot-com bubble. In August 2000, the company acquired Abatis Systems. In October 2000, the company opened a regional headqu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Peloton (exercise Equipment Company)
Peloton Interactive, Inc. is an American exercise equipment and media company based in New York City. The company's products are stationary bicycles, treadmills, indoor rowers equipped with Internet-connected touch screens that stream live and on-demand fitness classes through a subscription service. The equipment includes built-in sensors that track metrics such power output, providing users with real-time feedback on their performance and leaderboard rankings to compete with other users. Peloton charges a US$44 monthly membership fee to access classes and additional features on their exercise equipment, or $12.99 for users only accessing the content via app or website. History Founding to IPO In 2011, John Foley, an executive at Barnes & Noble in New York City, pitched his colleague, Tom Cortese, on the idea that technology could make it possible for people with little time to get the full experience of working out in a high-end studio cycling class in their homes. Pe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Payoneer
Payoneer Global Inc. is an American financial services company that provides online money transfer, digital payment services and provides customers with working capital. History Payoneer was founded in 2005 with $2 million in seed funding from founder and then-CEO Yuval Tal and other private investors. 83North (Greylock Israel) led an additional $4 million in funding in 2007, with additional investors including Carmel Ventures, Crossbar Capital, Ping An, Wellington Management, Susquehanna Growth Equity, Naftali Bennett and Nyca Partners. Since 2005 Payoneer has raised over $265 million from investors. In March 2016, the firm acquired internet escrow company Armor Payments. aiming to address the market for B2B transactions between US$500 and $1,000,000 where credit cards and letters of credit are not suitable. It also began working with the Latin American eCommerce site Linio. In August 2016, the firm added an automated tax form service to its mass payout offering. In Octob ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Open English
Open English is an online English school. In 2014, the school had 100,000 students in the Spanish speaking world. History Andrés Moreno, Nicolette Rankin and Wilmer Samiento, co-founded Open English in Caracas, Venezuela in September 2006. In 2009, Rankin and Moreno moved the company to Miami, Florida. Moreno played the English student and Rankin played the English teacher in their homemade commercials for Open English. From 2010 to 2013, the company raised $120 million in VC funding, including $69 million in 2013 from venture firm Technology Crossover Ventures (TCV). In 2013, co-founder Rankin left Open English and co-founded another online school, Next University. In 2015, Next University was acquired by Open English. See also *Language education Language education – the process and practice of teaching a second or foreign language – is primarily a branch of applied linguistics, but can be an interdisciplinary field. There are four main learning categories for ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Netflix
Netflix, Inc. is an American subscription video on-demand over-the-top streaming service and production company based in Los Gatos, California. Founded in 1997 by Reed Hastings and Marc Randolph in Scotts Valley, California, it offers a film and television series library through distribution deals as well as its own productions, known as Netflix Originals. As of September 2022, Netflix had 222 million subscribers worldwide, including 73.3 million in the United States and Canada; 73.0 million in Europe, the Middle East and Africa, 39.6 million in Latin America and 34.8 million in the Asia-Pacific region. It is available worldwide aside from Mainland China, Syria, North Korea, and Russia. Netflix has played a prominent role in independent film distribution, and it is a member of the Motion Picture Association (MPA). Netflix can be accessed via web browsers or via application software installed on smart TVs, set-top boxes connected to televisions, tablet computers, smartph ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IQMS
IQMS (also known as DELMIAWorks) was a privately held, global software company based in Paso Robles, California. The company developed and marketed manufacturing ERP and real time manufacturing execution systems to the automotive, medical, packaging, consumer goods, aerospace, defense and other manufacturing industries. IQMS has been included on Inc. Magazine’s list of the 5000 fastest growing privately held U.S. companies from 2011 through 2016. Gary Nemmers became the CEO of IQMS in 2015, and was succeeded by Cheri Williams in 2020. History IQMS was founded by Randy and Nancy Flamm in 1989 and began with a Microsoft DOS-based offering named IQGenesis. IQMS moved its headquarters from Southern California to Paso Robles in 1995. In 1997, the company developed EnterpriseIQ, a manufacturing ERP software for the repetitive, process, and discrete manufacturing industries. In 2011, IQMS product EnterpriseIQ 7.8.1 won the Stevie Award for "New Product or Service of the Year - Manu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HomeAway
HomeAway was a vacation rental marketplace. It operated through 50 websites in 23 languages through which it offered rentals of cabins, condos, castles, villas, barns, and farmhouses. Founded in February 2005 and headquartered in Austin, Texas, the company became a publicly traded company in 2011. Expedia Group acquired HomeAway on December 15, 2015 for $3.9 billion in cash and stock. In 2020 HomeAway and VRBO websites were rebranded as single Vrbo website. History HomeAway was founded in 2004 as CEH Holdings. The company acquired several websites and consolidated them into a single vacation marketplace, launching HomeAway.com in June 2006. HomeAway moved into its new global headquarters in Austin, Texas, on October 2, 2009. It was the first mixed-use project and the second company in Austin to achieve LEED Gold certification for Commercial Interior Design. In 2017, it moved to a new building. In 2009, HomeAway announced it would reunite actors Chevy Chase and Beverly D’ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Genesys (company)
Genesys, or Genesys Telecommunications Laboratories, Inc., is an American software company that sells customer experience (CX) and call center technology to mid-sized and large businesses. It sells both cloud (computing), cloud-based and hybrid cloud software. The company was founded in 1990 and was acquired by investment firms Permira Funds and TCV (investment firm), Technology Crossover Ventures (TCV) in February 2012. History Genesys was founded by Gregory Shenkkman and Alec Miloslavsky in October 1990. The company's original seed funding was $150,000 in loans from the founders' families. The company completed its initial public offering (IPO) in June 1997 and was listed on the NASDAQ stock exchange under the ticker symbol GCTI. In late 1999, Alcatel-Lucent (then Alcatel) acquired Genesys for $1.5 billion. In October 2007, Paul Segre succeeded Wes Hayden as Genesys's chief executive officer (CEO). In February 2012, Permira and TCV acquired Genesys from Alcatel-Lucent for $ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GoFundMe
GoFundMe is an American for-profit crowdfunding platform that allows people to raise money for events ranging from life events such as celebrations and graduations to challenging circumstances like accidents and illnesses. From 2010 to the beginning of 2020, over $9 billion has been raised on the platform, with contributions from over 120 million donors. Founded by Brad Damphousse and Andrew Ballester, the company is based in Redwood City, California, with offices in San Diego and Dublin, and operations in France, Spain, Germany, Italy and the United Kingdom. History The company was founded in May 2010 by Brad Damphousse and Andrew Ballester. Both had previously founded Paygr, which is a website dedicated to allowing members to sell their services to the public. Damphousse and Ballester originally created the website under the name "CreateAFund" in 2008 but later changed the name to GoFundMe after making numerous upgrades to the features of the website. GoFundMe was founde ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GoDaddy
GoDaddy Inc. is an American publicly traded Internet domain registrar and web hosting company headquartered in Tempe, Arizona, and incorporated in Delaware. , GoDaddy has more than 21 million customers and over 6,600 employees worldwide. The company is known for its advertising on TV and in the newspapers. It has been involved in several controversies related to unethical business practices and censorship. History GoDaddy was founded in 1997 in Phoenix, Arizona, by entrepreneur Bob Parsons. Prior to founding GoDaddy, Parsons had sold his financial software services company Parsons Technology to Intuit for $65 million in 1994. He came out of his retirement in 1997 to launch Jomax Technologies (named after a road in Phoenix Arizona) which became GoDaddy Group Inc. GoDaddy received a strategic investment, in 2011, from private equity funds, KKR, Silver Lake, and Technology Crossover Ventures. The company headquarters was located in Scottsdale, Arizona up until April 2021, when ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
