Practice safe financing

vault The convertible note is a useful and common financing structure in Silicon Valley. It’s a form of debt that is really more a type of equity — one where the valuation hasn’t been determined yet. It’s helpful because sometimes you want to align a new investor or bridge a company with extra capital, but not argue about the valuation or have to price the round yet. Read More

What’s next for personal financial services?

piggy bank Already there has been a huge amount invested in fintech in 2016, with investors funding close to $9 billion in January and February alone. It is a sector of innovation that shows no signs of slowing down. If 2015 was the year of the great “Bank Unbundling,” it was also a year that saw the emergence of a new landscape of financial influencers taking a seat at the table. Read More

Yahoo reports flat earnings amid acquisition talks

marissa-mayer-writing Wall Street is watching Yahoo today, but not just because of its first quarterly earnings announcement that was reported after the bell. The company is for sale and reportedly has a slew of bidders, including TechCrunch’s parent, Verizon. While it is not yet clear what the final outcome will be for the troubled internet company, one of Yahoo’s final earnings reports managed to… Read More

Fintech’s $138 billion opportunity

money cash Fintech is in the midst of a golden age of investment and innovation. According to KPMG and CB Insights, investments in fintech startups doubled between 2014 and 2015, to $14 billion. However, comparatively little of this money has been focused on the $138 billion market opportunity to disrupt alternative financial services in the United States. This lack of focus is damaging… Read More

How SoFi can ruin fintech for everyone

downdrain I’m going to start by saying I’m actually a huge fan of SoFi. I think they have a great product, they’ve built an incredible business and their growth in a regulated and complex industry is impressive. And I say this even though I’ve had my student loan refinance denied by them — they still provide a great experience. However, some recent strategic choices at… Read More

Virtual currencies create pathways for people in emerging economies

indian currency rupees shutterstock Immense hype surrounds virtual currencies and distributed ledgers these days. Maybe this is inevitable if you combine an inscrutable, cutting-edge technology, its enigmatic origins, and a flow of $1 billion in venture funding thus far. But will these technologies create pathways for people in emerging economies to access and use financial services that meet their needs? Read More