When it comes to bots, no one has more variety than Slack. More than 500 bots populate the popular messaging platform. This activity has naturally led to an interest in companies creating bots. Since the launch of its $80 million Slack Fund in Dec. 2015 – backed by the likes ofRead More
Post Tagged with: "Andreessen Horowitz"
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 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
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