Archive for the ‘Geoff Ralston’ Category

InDinero Raises $1.2 Million From Prominent Angels

Amit Chowdhry | September 12, 2010 | 1,009 views | Add a Comment
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InDinero claims that they are like a Mint.com for Quickbooks. The company has raised $1.2 million in seed funding from several prominent angel investors.

Y Combinator Raises $8.25 Million

Amit Chowdhry | May 21, 2010 | 896 views | Add a Comment
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Y Combinator, the successful incubator firm started by Paul Graham has raised $8.25 million in funding from Sequoia Capital, Ron Conway, Paul Buchheit, Aydin Senkut, XG Ventures, and Geoff Ralston. Last year Y Combinator raised $2 million. Y Combinator plans to increase the number of companies that they provide start-up funding to. Since starting in summer 2005, Y Combinator has invested in about 207 startups. [TechCrunch]

Intuit Planning To Acquire Mint.com For $170 Million

Amit Chowdhry | September 14, 2009 | 1,580 views | Add a Comment
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In less than 2 years since launching, Mint.com is supposedly selling themselves to Intuit Inc. Mint.com is a financial tool that allows you to aggregate all of your bank and credit card information and find ways to save money. The deal is expected to close within the next few days.

Mint had launched at the TechCrunch50 conference two years ago and took the top prize giving them $50,000. Mint raised $31.8 million in total funding from First Round Capital, Felicis Ventures, Shasta Ventures, Benchmark Capital, Sherpalo Ventures, Hite Capital, DAG Ventures, and The Founders Fund. Angel investors in Mint include Ron Conway, Mark Goines, Geoff Ralston, and Dave McClure.

This acquisition is interesting because Intuit had previously sent Mint a letter demanding an explanation for how they jumped to 850,000 users within several months.

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