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Xoom Corporation
Xoom Corporation (also known as Xoom, a PayPal Service) is an electronic funds transfer and remittance provider. History Xoom Corporation was founded in 2001 by Alan Braverman and Kevin Hartz, with its headquarters in San Francisco, California. In June 2010, Xoom was cited in a study by the Inter-American Dialogue of 79 remittance service providers, as having amongst the highest consumer satisfaction ratings. In March 2011, and in September 2012, Xoom was listed in ''The Wall Street Journal''s annual "Next Big Thing List" list of the 50 most promising venture-backed companies. In October 2012, in a follow-up survey by the Inter-American Dialogue of 51 remittance service providers for the US to Latin America market, ranked Xoom top for fees charged and countries served. Funding and ownership On September 28, 2007, Xoom closed a first E-series round of financing for $20 million. Peter Thiel was an early investor in Xoom Corporation. Xoom public offering, went public on Feb ...
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Electronic Funds Transfer
Electronic funds transfer (EFT) is the transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems. The funds transfer process generally consists of a series of electronic messages sent between financial institutions directing each to make the debit and credit accounting entries necessary to complete the transaction. An electronic funds transfer starts when the sending customer send an electronic instruction with the purpose of making payment to the beneficiary or the receiving customer. Process According to the United States Electronic Fund Transfer Act of 1978 it is "a funds transfer initiated through an electronic terminal, telephone, computer (including on-line banking) or magnetic tape for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit a consumer's account". EFT transactions are known by a number of names across countries a ...
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VentureBeat
''VentureBeat'' is an American technology website headquartered in San Francisco, California. ''VentureBeat'' is a tech news source that publishes news, analysis, long-form features, interviews, and videos. The ''VentureBeat'' company was founded in 2006 by Matt Marshall, an ex-correspondent for ''The Mercury News ''The Mercury News'' (formerly ''San Jose Mercury News'', often locally known as ''The Merc'') is a morning daily newspaper published in San Jose, California, in the San Francisco Bay Area. It is published by the Bay Area News Group, a subsidia ...''. History In March 2009, ''VentureBeat'' signed a partnership agreement with IDG to produce DEMO Conference, a conference for startups to announce their launches and raise funding from venture capitalists and angel investors. The partnership with IDG ended in 2012. In September 2009, Matt Marshall took on the role of executive producer for the DEMO conference. Over the years, a variety of companies have launched ...
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Financial Services Companies Of The United States
Finance refers to monetary resources and to the study and discipline of money, currency, assets and liabilities. As a subject of study, is a field of Business Administration wich study the planning, organizing, leading, and controlling of an organization's resources to achieve its goals. Based on the scope of financial activities in financial systems, the discipline can be divided into personal, corporate, and public finance. In these financial systems, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. Due to its wide scope, a broad range of subfields exists within finance. Asset-, money-, risk- and investment management aim to maximize value and minimize volatility. Financial analysis assesses the viability, stabil ...
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Companies Based In San Francisco
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation p ...
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American Companies Established In 2001
American(s) may refer to: * American, something of, from, or related to the United States of America, commonly known as the "United States" or "America" ** Americans, citizens and nationals of the United States of America ** American ancestry, people who self-identify their ancestry as "American" ** American English, the set of varieties of the English language native to the United States ** Native Americans in the United States, indigenous peoples of the United States * American, something of, from, or related to the Americas, also known as "America" ** Indigenous peoples of the Americas * American (word), for analysis and history of the meanings in various contexts Organizations * American Airlines, U.S.-based airline headquartered in Fort Worth, Texas * American Athletic Conference, an American college athletic conference * American Recordings (record label), a record label that was previously known as Def American * American University, in Washington, D.C. Sports teams S ...
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2015 Mergers And Acquisitions
Fifteen or 15 may refer to: *15 (number) *one of the years 15 BC, AD 15, 1915, 2015 Music * Fifteen (band), a punk rock band Albums * ''15'' (Buckcherry album), 2005 * ''15'' (Ani Lorak album), 2007 * ''15'' (Phatfish album), 2008 * ''15'' (Tuki album), 2025 * ''15'' (mixtape), a 2018 mixtape by Bhad Bhabie * ''Fifteen'' (Green River Ordinance album), 2016 * ''Fifteen'' (The Wailin' Jennys album), 2017 * ''Fifteen'', a 2012 album by Colin James Songs * "Fifteen" (song), a 2008 song by Taylor Swift *"Fifteen", a song by Harry Belafonte from the album '' Love Is a Gentle Thing'' *"15", a song by Rilo Kiley from the album ''Under the Blacklight'' *"15", a song by Marilyn Manson from the album ''The High End of Low'' Other media * ''15'' (film), a 2003 Singaporean film * ''Fifteen'' (TV series), international release name of ''Hillside'', a Canadian-American teen drama * "Fifteen" (''Runaways''), an episode of ''Runaways'' *Fifteen (novel), a 1956 juvenile fic ...
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2013 Initial Public Offerings
Thirteen or 13 may refer to: * 13 (number) * Any of the years 13 BC, AD 13, 1913, or 2013 Music Albums * 13 (Black Sabbath album), ''13'' (Black Sabbath album), 2013 * 13 (Blur album), ''13'' (Blur album), 1999 * 13 (Borgeous album), ''13'' (Borgeous album), 2016 * 13 (Brian Setzer album), ''13'' (Brian Setzer album), 2006 * 13 (Die Ärzte album), ''13'' (Die Ärzte album), 1998 * 13 (The Doors album), ''13'' (The Doors album), 1970 * 13 (Havoc album), ''13'' (Havoc album), 2013 * 13 (HLAH album), ''13'' (HLAH album), 1993 * 13 (Indochine album), ''13'' (Indochine album), 2017 * 13 (Marta Savić album), ''13'' (Marta Savić album), 2011 * 13 (Norman Westberg album), ''13'' (Norman Westberg album), 2015 * 13 (Ozark Mountain Daredevils album), ''13'' (Ozark Mountain Daredevils album), 1997 * 13 (Six Feet Under album), ''13'' (Six Feet Under album), 2005 * 13 (Suicidal Tendencies album), ''13'' (Suicidal Tendencies album), 2013 * 13 (Solace album), ''13'' (Solace album), 2003 * 13 ( ...
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Xoom (web Hosting)
Xoom was an early dot-com company that provided free unlimited space web hosting, similar to GeoCities. The domain "xoom.com" is now held by the Xoom Corporation, an international-focused money transfer website run by PayPal. History Xoom was founded by Chris Kitze in September 1996 as a download website offering free clipart and a productivity suite including a word-processing application, centering on a word processor based on WordStar. In March 1997, Xoom became a web hosting (offering 100 MB) and an e-mail hosting website. The company acquired several small service providers in 1997 and 1998, including Paralogic, creator of ParaChat, which was the largest chat network on the web at the time, and PageCount, a web counter service. The main revenue sources for the company were direct marketing via email to members and banner advertising. Funding The company was funded by a former Lycos executive who had previously started Creative Multimedia (Portland, OR), Aris Multimedia ...
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Sequoia Capital
Sequoia Capital Operations, LLC is an American venture capital firm headquartered in Menlo Park, California, specializing in seed stage, early stage, and growth stage investments in private companies across technology sectors. the firm had approximately US$85 billion in assets under management. Sequoia is an umbrella brand for three regionally focused venture entities: Sequoia Capital Operations on Europe and United States, Peak XV Partners on India and Southeast Asia, and HongShan on China. Notable successful investments made by the firm include Apple, ByteDance, and Cisco. History Sequoia was founded by Don Valentine in 1972 in Menlo Park, California, at a time when the state's venture capital industry was just beginning to develop. Sequoia formed its first venture capital fund in 1974, and was an early investor in Atari the next year. In 1978, Sequoia became one of the first investors in Apple. Partners Doug Leone and Michael Moritz assumed leadership of the firm in 199 ...
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Public Offering
A public offering is the offering of securities of a company or a similar corporation to the public. Generally, the securities are to be publicly listed. In most jurisdictions, a public offering requires the issuing company to publish a prospectus detailing the terms and rights attached to the offered security, as well as information on the company itself and its finances. Many other regulatory requirements surround any public offering and they vary according to jurisdiction. The services of an underwriter are often used to conduct a public offering. Stock offering Initial public offering (IPO) is one type of public offering. Not all public offerings are IPOs. An IPO occurs only when a company offers its shares (not other securities) for the first time for public ownership and trading, an act making it a public company. However, public offerings are also made by already-listed companies. The company issues additional securities to the public, adding to those currently being ...
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Peter Thiel
Peter Andreas Thiel (; born 11 October 1967) is an American entrepreneur, venture capitalist, and political activist. A co-founder of PayPal, Palantir Technologies, and Founders Fund, he was the first outside investor in Facebook. According to ''Forbes'', as of May 2025, Thiel's estimated net worth stood at US$20.8 billion, making him the 103rd-richest individual in the world. After graduating from Stanford, Thiel began his career as a clerk for Judge James Larry Edmondson, worked as a securities lawyer at Sullivan & Cromwell, a speechwriter for former U.S. secretary of education William Bennett, and a derivatives trader at Credit Suisse. He founded Thiel Capital Management in 1996 and co-founded PayPal with Max Levchin and Luke Nosek in 1998. He was the chief executive officer of PayPal until its sale to eBay in 2002 for $1.5 billion. Following PayPal, Thiel founded Clarium Capital, a global macro hedge fund based in San Francisco. In 2003, he launched Palantir Tec ...
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