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Social Capital (venture Capital)
Social Capital, formerly known as Social+Capital Partnership, is a venture capital firm based in Palo Alto, California. The firm specializes in technology startups, providing seed funding, venture capital, and private equity. The firm has "stood out strategically", according to ''Fortune'', "with a focus on ... healthcare, financial services and education ... when those fields were ... neglected by the VC community." History Social Capital was founded in 2011 by Chamath Palihapitiya, who had previously worked at Facebook. Mamoon Hamid and Ted Maidenberg also joined the firm that year as General Partners. In January 2015, ''Fortune'' reported that Kleiner Perkins was in acquisition talks with Social Capital, but the acquisition reportedly fell through. In May 2015, Social Capital raised $600 million in their third and largest venture capital fund. PayPal cofounder Peter Thiel praised Palihapitiya's approach, and as of 2015 served as a limited partner. In 2017, Marc Mezvinsky j ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, 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 general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Slack Technologies
Slack Technologies, LLC is an American software company founded in 2009 in Vancouver, British Columbia, known for its proprietary communication platform Slack (software), Slack. Outside its headquarters in San Francisco, California, Slack also operates offices in New York City, Denver, Toronto, London, Paris, Tokyo, Dublin, Vancouver, Pune, and Melbourne. On June 20, 2019, Slack Technologies went public on the New York Stock Exchange via a Direct public offering, direct stock listing. On December 1, 2020, Salesforce announced its acquisition of Slack for $27.7 billion. On July 21, 2021, the acquisition was closed. History Initial funding and ''Glitch'' The company goes back to the San Francisco-based startup Tiny Speck, which was headed by Stewart Butterfield, the co-founder of the photo-sharing site Flickr. Tiny Speck received angel investor, angel funding of $1.5 million in 2009, followed by Series A funding of $5 million in 2010 from Accel (company), Accel and Andreessen H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
LotusFlare
LotusFlare is a software development company focused on creating products for the telecommunications industry and providing SaaS products to enterprises. Background LotusFlare was founded in June 2014 by former Facebook engineers Sam Gadodia, Terry Guo, and Shao Xia. The company raised a $4 million seed investment from Social Capital, Google Ventures, and Metamorphic Ventures. In September 2015, the company raised a $6 million Series A investment led by Chamath Palihapitiya's firm Social Capital. He is the chairman of the board. Products Nomad Nomad is a mobile app and website that allows users to purchase eSIM products. Digital Network Operator Cloud (DNO Cloud) DNO Cloud is a cloud-based business support system that is designed to serve telecommunications and media service providers. DNO is based on TM Forum TM Forum is a global industry association for service providers and their suppliers in the telecommunications industry. Members include communications and di ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wave Accounting
Wave is a Canadian company that provides financial services and software for small businesses. Wave is headquartered in the East Bayfront neighborhood in Toronto, Canada. The company's first product was free online accounting software designed for businesses with 19 employees, followed by invoicing, personal finance and receipt-scanning software (OCR). In 2012, Wave began branching into financial services, initially with Payments by Wave ( credit card processing) and Payroll by Wave, followed in February 2017 by Lending by Wave, which has since been discontinued. History CEO Kirk Simpson and CPO James Lochrie launched Wave Accounting Inc. in July 2009, Wave Accounting launched to the public on November 16, 2010. In June 2011, Series A funding led by OMERS Ventures was closed. In September 2011, FedDev Ontario invested one million dollars in funding. In October 2011, a $5-million investment led by U.S. venture capital firm Charles River Ventures was announced. In May 2012, Wave ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chegg
Chegg, Inc., is an American Educational technology, education technology company based in Santa Clara, California. It provides homework help, digital and physical textbook rentals, textbooks, online tutoring, and other student services. The company was launched in 2006, and began trading publicly on the New York Stock Exchange in November 2013. As of March 2020, the company reported having 2.9 million subscribers to Chegg Services. The services provided by Chegg have been controversial because there have been reports of student cheating using Chegg services. 2000s In October 2000, Iowa State University students Josh Carlson, Mike Seager, and Mark Fiddleke launched Chegg's forerunner, Cheggpost, a Craigslist-style message board for Iowa State students. ''Chegg'' is a combination of the words Chicken or the egg, ''chicken'' and ''egg'', and references the founders’ Catch-22 (logic), catch-22 feeling of being unable to obtain a job without experience, while being unable to acqui ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
InstaEDU
Chegg Tutors (formerly known as InstaEDU) was an online tutoring company that matched students seeking help with online tutors. Students could receive help either on-demand or by scheduling a lesson. History Chegg Tutors was founded in 2011 as InstaEDU and launched into public beta in May 2012. At that time, the company also announced that it had raised $1.1M in venture capital funding from The Social+Capital Partnership. Two of the company's co-founders had previously run an in-home tutoring company called Cardinal Scholars. After running Cardinal Scholars they got the idea for an online tutoring company—InstaEDU. In July 2012 they sold Cardinal Scholars to Course Hero. In August 2013, the service announced it had raised a $4 million Series A round of funding from Battery Ventures. At that time, the InstaEDU service also emerged from beta. On 3 June 2014, Chegg announced that it purchased InstaEDU for $30 million in cash, and that it planned to keep the InstaEDU service ac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Google
Google LLC (, ) is an American multinational corporation and technology company focusing on online advertising, search engine technology, cloud computing, computer software, quantum computing, e-commerce, consumer electronics, and artificial intelligence (AI). It has been referred to as "the most powerful company in the world" by the BBC and is one of the world's List of most valuable brands, most valuable brands. Google's parent company, Alphabet Inc., is one of the five Big Tech companies alongside Amazon (company), Amazon, Apple Inc., Apple, Meta Platforms, Meta, and Microsoft. Google was founded on September 4, 1998, by American computer scientists Larry Page and Sergey Brin. Together, they own about 14% of its publicly listed shares and control 56% of its stockholder voting power through super-voting stock. The company went public company, public via an initial public offering (IPO) in 2004. In 2015, Google was reorganized as a wholly owned subsidiary of Alphabet Inc. Go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Impermium
Impermium was a cyber-security startup company based in Redwood City, California, which provided anti-spam and account protection services for Internet websites. In 2014, the company was acquired by Google. History The company was founded in 2010 by Mark Risher, Vishwanath Ramarao, and Naveen Jamal, who met while managing the anti-spam systems for Yahoo! Mail. The company protected more than 1.5 million sites worldwide, including Disqus, Livefyre, Pinterest, Squarespace, and Tumblr from attacks including fraudulent registrations, login and account hijacking, malicious user-generated content, and other forms of Social spam. Impermium received venture capital financing from funds including Accel Partners, Greylock Partners, Highland Capital Partners, Morado Ventures, and the Social+Capital Partnership. In January 2014, Google Google LLC (, ) is an American multinational corporation and technology company focusing on online advertising, search engine technology, cloud comput ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Microsoft
Microsoft Corporation is an American multinational corporation and technology company, technology conglomerate headquartered in Redmond, Washington. Founded in 1975, the company became influential in the History of personal computers#The early 1980s and home computers, rise of personal computers through software like Windows, and the company has since expanded to Internet services, cloud computing, video gaming and other fields. Microsoft is the List of the largest software companies, largest software maker, one of the Trillion-dollar company, most valuable public U.S. companies, and one of the List of most valuable brands, most valuable brands globally. Microsoft was founded by Bill Gates and Paul Allen to develop and sell BASIC interpreters for the Altair 8800. It rose to dominate the personal computer operating system market with MS-DOS in the mid-1980s, followed by Windows. During the 41 years from 1980 to 2021 Microsoft released 9 versions of MS-DOS with a median frequen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yammer
Viva Engage (formerly Yammer) is an enterprise social networking service that is part of the Microsoft 365 family of products. It is used mainly for private enterprise social software, communication within organizations but is also used for networks spanning various organizations. Access to a Yammer network is determined by a user's Internet domain, so only individuals with approved Email address, email addresses may join their respective networks. The service began as an internal communication system for the genealogy website Geni.com and was launched as an independent product in 2008. Microsoft later acquired Yammer in 2012 for US$1.2 billion (~$ in ). Currently, Yammer is included in all enterprise plans of Microsoft 365, and evolved into ''Viva Engage'' as of February 2023. Viva was re-launched as an "employee experience platform" and to make it more community-friendly. History Pre-acquisition In 2008, Yammer was built as an internal feature for Geni.com, Geni by David O. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Special Purpose Vehicle
A special-purpose entity (SPE), also called a special-purpose vehicle (SPV) or a financial vehicle corporation (FVC), is a legal entity (usually a limited company of some type or, sometimes, a limited partnership) created to fulfill narrow, specific or temporary objectives. SPEs are typically used by companies to isolate the firm from financial risk. A formal definition is "The Special Purpose Entity is a fenced organization having limited predefined purposes and a legal personality". Normally a company will transfer assets to the SPE for management or use the SPE to finance a large project thereby achieving a narrow set of goals without putting the entire firm at risk. SPEs are also commonly used in complex financings to separate different layers of equity infusion. Commonly created and registered in tax havens, SPEs allow tax avoidance strategies unavailable in the home district. Round-tripping is one such strategy. In addition, they are commonly used to own a single asset and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
