These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
Gluskin Sheff's David Rosenberg is painting a painful picture for stocks as earnings season goes into full gear.Futures Nowread more
Rossello is facing public furor over an obscenity-laced online chat that showed the governor and his close advisers insulting women and mocking constituents, including victims...Politicsread more
HQ, the popular live trivia app from some of the same guys who created Vine, is looking for venture capital money at a lofty valuation.
The app, which streams live trivia games for real cash prizes twice per day, just launched in October but has already generated an impressive audience. More than 300,000 people played Tuesday night's game.
That quick growth means HQ has also garnered some serious investor and media attention. The New York Times recently profiled the company, and just about every VC we've contacted either met with HQ or showed interest in a potential deal.
Multiple VC sources we spoke with said the company is seeking a post-money valuation somewhere in the $80 million to $100 million range, though that doesn't necessarily mean it will get it. It's unclear how much money HQ will raise, though these same sources believe it could be somewhere between $15 million and $20 million.
A spokesperson for HQ declined to comment.
More from Recode:
A battle between Apple and an app developer has caught Congress' attention
Inside Oracle's cloak-and-dagger political war with Google
Nearly 80 percent of female tech founders have experienced sexual harassment at work or know someone who has
It's unclear who will ultimately participate in the round, but it appears that all of Silicon Valley's top VC firms have looked at the startup. Lightspeed Venture Partners' Jeremy Liew, the first investor in Snapchat, is already an investor in HQ. The startup has raised around $8 million, according to a source, and previously tried launching a few other apps that never took off.
One of the hangups for investors is that they can't figure out what HQ Trivia is. Is it a media company? Is it a fad? Could Facebook easily replicate the trivia game model?
Investors may also want to get some management and media training for HQ CEO Rus Yusupov, following an embarrassing story in The Daily Beast in which Yusupov flipped out on a reporter for trying to profile the show's host, Scott Rogowsky. Yusupov later apologized, but it wasn't a great look for a company out trying to raise.
Reminder: The last time Yusupov and HQ co-founder Colin Kroll had a hot app, they didn't raise a big round — they just sold the company before it had formally launched. In 2012, Yusupov, Kroll and co-founder Dom Hofmann sold Vine to Twitter for a reported $30 million.
It's always possible Yusupov and Kroll could repeat history by selling HQ to Facebook or Snapchat. But it's also easy to imagine a scenario where the two men and don't want to make the same mistake with HQ.
—By Kurt Wagner, Recode.net.
CNBC's parent NBCUniversal is an investor in Recode's parent Vox, and the companies have a content-sharing arrangement.