Peter Thiel, the Founders Fund, and Chris Sacca, Lowercase Capital, discuss the deal-making environment in Silicon Valley, as well as getting women into STEM professions, and trying to do due diligence on companies with very little available information.» Read More
Oct 14- Peter Thiel, the Silicon Valley investor who co-founded PayPal and invested in Facebook in 2004, has now invested in BuildZoom, a Y Combinator-backed startup that helps U.S. customers find contractors for remodeling projects. BuildZoom, started in 2011 by childhood friends Jiyan Wei and David Petersen, has now raised $14.3 million since 2013, when it...
NEW YORK, July 29- When Matt and Jen Osmun opened their vape shop in Bethel, Connecticut, last December, they didn't expect to get a boost from the local medical marijuana outlet. "Sales are going really well, and getting better every month," said Jen Osmun, who started the business with her husband, a former plumber, after he was injured in an accident.
July 20- PayPal Holdings Inc shares jumped as much as 11 percent in their highly anticipated return to the Nasdaq after more than a decade in eBay Inc's fold, valuing the digital payment processor at about $52 billion. PayPal is a giant in the market it helped create- it processed 4 billion payments totaling about $235 billion in 2014. But the online payments...
July 20- PayPal Holdings Inc shares jumped as much as 11 percent in their highly anticipated return to the Nasdaq on Monday, valuing the company at about $52 billion. PayPal, spun off from eBay Inc, is widely expected to build partnerships with e-commerce rivals and try to seize market share from startups such as Stripe and Square and technology behemoth Apple Inc,...
July 20- PayPal Holdings Inc shares rose 5.9 percent in premarket trading, ahead of their highly anticipated return to the Nasdaq, valuing the company at about $50 billion. PayPal, spun off from eBay Inc, is widely expected to build partnerships with e-commerce rivals and try to seize market share from startups such as Stripe and Square and technology behemoth...
SAN FRANCISCO, July 15- Venture-backed lender ZestFinance is raising its standards: its latest product targets subprime borrowers. "Our motivation was middle America, where a small problem, a health issue or bad divorce, could push a perfectly hard-working person out of the core banking system," ZestFinance chief executive Douglas Merrill told Reuters by email.
FRANKFURT, June 30- The world's top banks and insurers are seeing their business models challenged by "fintech" start-ups, which are reshaping what consumers and businesses expect from financial services, industry insiders and experts say. A report out Tuesday from the World Economic Forum, the Swiss-based corporate think-tank which runs the Davos summit of...
Want to invest in pot? Here's what might provide the best investment opportunities while keeping you out of jail.
Food-tech companies are creating meat and dairy substitutes to meet global food demand. Will consumers have an appetite for these products?
This company is setting itself apart from other health insurers by emphasizing technology, data and its easy-to-understand services.
The FBI and CIA are clients of this secretive Silicon Valley firm that mines data for intelligence on cybercrime and fraud.
Bruce Upbin, Forbes technology editor, reveals the names of top tech investors with the Midas touch.
In Canada, marijuana business owners can put their cash into a bank account instead of a vault, and they wear "clean suits" in growing facilities.
The seven-figure deal. It's the holy grail of software. For a small start-up like Quid, it marks entry into the big leagues.
Peter Thiel's Founders Fund is investing in Privateer Holdings, a marijuana company that owns several pot-related brands.
Peter Thiel is considering a multimillion dollar stake in a private equity firm that's investing in the cannabis space, a source said.
An appearance by venture capitalist Peter Thiel was cut short at UC Berkeley by demonstrators protesting police killings in Missouri and New York.
With LendingClub set to raise $800 million in an IPO next week, online lender AvantCredit reeled in a bunch of its own cash.
Peter Thiel speaks exclusively to CNBC's "Halftime Report" from Dublin about the U.S. elections, valuations and Tim Cook.
Wealth managers, pay attention. Gay and lesbian CEOs may still be few in number—but the ranks of gay and lesbian millionaires and billionaires are growing rapidly.