Post Tagged with: "Andreessen Horowitz"

Source: TechCrunch

Affirm’s Max Levchin Just Called the Fintech Bubble

by December 17, 2015 at 11:43 am 0 comments

Affirm, the small business lending startup headed by Max Levchin, has raised $320 million to date. Apparently, even Levchin, a PayPal founder, views that as, well, a lot. Yesterday, in a wide-ranging interview with Inc. magazine, Levchin called out fintech for being “oversaturated” and “overinvested.” In other words, we’ve gotRead More

WhatsApp Deal Proves Banks Need to Embrace Social Mobile, and Fast

WhatsApp Deal Proves Banks Need to Embrace Social Mobile, and Fast

by February 20, 2014 at 11:42 am 1 comment

WhatsApp has 450 million active mobile users. JPMorgan Chase & Co. has 15.6 million, most among any bank in the US. WhatsApp has 32 engineers. JPM employs 260,000. That’s the deficiency of banks in a nutshell. If you don’t “get” why Facebook has agreed to pay around $19 billion for WhatsApp,Read More

VCs Start Pining to Own a Bank

VCs Start Pining to Own a Bank

by February 11, 2014 at 10:35 am 5 comments

There’s something brewing in Silicon Valley: a growing crew of venture capitalists are beginning to talk about starting a bank. Among those VCs with banking interests are Marc Andreessen of Horowitz Andreessen and Mo Koyfman at Spark Capital. The whole notion percolated on Twitter yesterday. In a Twitter conversation aboutRead More