Berkeley, US-based on-demand food startup SpoonRocket raised $10 million in funding from Foundation Capital and General Catalyst to deliver food to customers in San Francisco and East Bay within 15 minutes.
Tags: Y Combinator
Initialized Capital Gains $115M From Its Third Capital
Initialized Capital, headquartered in New York City is an early-stage venture capital firm founded by former Y Combinator partners Alexis Ohanian and Garry Tan. It has increased $115 million for its third fund. Investing on starting companies are the focus of the investment to help them get started.
Revl Received $2 Million Seed Fund for Developing Shake-reduction Smartphone Camera
The San Francisco startup and smartphone maker Revl has been seed funded of $2 million by venture capitalist Bill Tai along with other investors like Frog Ventures, Y Combinator, Lars Rasmussen and James Lindenbaum.
Y Combinator Reshuffles Executives, Gmail Creator Flagships ‘The Startup Accelerator’
In a major setback, Silicon Valley’s largest startup accelerator reshuffles assignments for top executives. After five years of joining, Gmail and FriendFeed dreamer Paul Buchheit replaces Sam Altman as managing partner of startup accelerator’s core program. Sam Altman is reportedly assigned to advise his successor managing partners while overseeing the entire program.
ZeroCater soars $100M sales starting from only $7,000
ZeroCater , the on-site catering service, has gained revenue of $100M in four years with $1.5M funds from Y Combinator and other individual investors. Founder Arram Sabeti started the company with only $7000.
Latest News
As part of his move to step back from Y Combinator, Paul Graham announced that others would be taking over the responsibilities of Hacker News, TechCrunch reported.
The startups on Y Combinator's Winter 2014 class held a vote as to who among their classmates would be most likely to succeed and their votes were different from that of TechCrunch's own picks.
San Francisco, US-based real estate equity crowdfunding startup RealCrowd Inc nabbed $1.6 million in a seed funding round from Data Collective, Y Combinator's Garry Tan, and some real estate managers.
Y Combinator President Sam Altman has renewed the call that Paul Graham made five years ago on "founders visa" to encourage international startups to establish their firms in the US, TechCrunch reported.
Palo Alto, US-based beauty box retailer Memebox, which was imported from South Korea, bagged $1.5 million in venture funding to establish its presence in the US.
Chattanooga, US-based startup Ambition launched a product that will help motivate sales teams by using an approach similar to fantasy football where a goal is set and teams compete with each other for a reward within a specified amount of time.
San Francisco, California-based music startup SoundFocus raised $1.7 million in a funding round to develop an iPhone app that adjusts music according to the user's hearing abilities.
Berkeley, US-based startup MobileWorks raised $2.1 million in funding to change the way outsourcing works by generating online jobs for people who cannot enter the traditional career path.
Y Combinator is proof that companies don't always need to hold fancy launches. A low-key "launch day" such as the one Y Combinator had in 2005 can also spell long-term success, TechCrunch reported.
