Telis Demos reported earlier this week at The Wall Street Journal Online that, “Transferwise Inc., the global money transfer startup, is getting ready to free itself from relying on banks.” The Journal article explained that, “This is the latest example of the evolving and complex relationship between aspiring fintech disruptors and traditional banks. While many… Continue Reading
Category Archives: Start-up Company Law
Relationships Between FinTech Startups and Traditional Banks Evolving
Service-Oriented Start-Up Washio Shuts Down
Shan Li reported in today’s Los Angeles Times that, “On-demand laundry and dry cleaning app Washio announced Monday it is shutting down, becoming the latest service-oriented start-up to wash out. “The Santa Monica company expanded quickly to six cities after its launch in 2013, attracting time-crunched customers who wanted their laundry picked up, washed and… Continue Reading
Ag-Tech Accelerator in Iowa Gets Backing from Deere, and DuPont Pioneer
Matthew Patane reported in today’s Des Moines Register that, “Two heavyweights in agriculture and major employers in Iowa are backing a new home for technology startups in their field. “Equipment maker Deere & Co. and seed company DuPont Pioneer are two of four initial investors in an agriculture-technology accelerator, a startup development program slated for… Continue Reading
Venture Capital Funding– “Ad Tech,” vs. “Marketing Tech”
Jack Marshall reported in Monday’s Wall Street Journal that, “If you’re trying to secure millions of dollars in venture capital, these days it may be better to pitch your business as ‘marketing tech‘ rather than ‘ad tech.’ “It has become increasingly difficult for advertising technology companies to raise money in recent years, but funding for… Continue Reading
Start-Ups in Silicon Valley Narrow Their Focus, Now Talking About Fiscal Responsibility
Katie Benner reported on the front page of yesterday’s New York Times that, “Silicon Valley start-ups were set to face a great reckoning in 2016. Yet the crash hasn’t happened. “Last year, many tech executives, venture capitalists and entrepreneurs were convinced that a multiyear boom that had propelled young companies to great heights could no… Continue Reading
Tech Startup Products For Enterprises Still Face Resistance When it Comes to Revenue
Angus Loten reported in Thursday’s Wall Street Journal that, “When Haier America’s Deanna Johnston needs to update or fill gaps in the company’s information-technology systems, she looks at products and services offered by startups. “But even after a trial run, she rarely buys them, Ms. Johnston said. “Instead the appliance maker’s chief information officer said… Continue Reading
Tech-Design Firms Want More Cash as Equity in Startups Wanes
Nathan Olivarez-Giles reported on Thursday at The Wall Street Journal Online that, “Two years ago, when startups were flush with money, a wave of hardware and software design companies were eager to work with them and get paid in a mix of cash and equity—stakes that they hoped would one day pay off handsomely. But… Continue Reading
Advice For Startups, Entrepreneurs – From Priceline Co-Founder
Matthew Patane reported in today’s Des Moines Register that, “Iowans and others looking to start their own companies need to look at everyday problems and think of how to fix them, not just complain about them, according to Jeff Hoffman, an entrepreneur and speaker. “‘If you want to be an entrepreneur, next time you see… Continue Reading
Before Students Have a Start-up, “The House,” a Start-up Institute, Provides Support
Tracey Lien reported in today’s Los Angeles Times that, “Most Bay Area venture capital firms keep an eye on local colleges so they can fund campus start-ups before they take off. “The House, a new ‘start-up institute,’ wants to get in even earlier. “Cal alumni Cameron Baradar and Jeremy Fiance set up shop this week… Continue Reading
FDIC Guidelines Could Prompt Greater Scrutiny for Some FinTech Startups
Telis Demos and Peter Rudegeair reported in Monday’s Wall Street Journal that, “Federal and state regulators are increasingly scrutinizing partnerships between banks and online lenders, reducing some uncertainty about the rules in an area where the startups have thrived. “Financial-technology upstarts such as LendingClub Corp., Avant Inc. and Prosper Marketplace Inc. have raised hundreds of… Continue Reading
