Pulse2 Technology and Social Media News » Geoff Ralston

InDinero Raises $1.2 Million From Prominent Angels

Amit Chowdhry — Sun, 12 Sep 2010 23:19:32 +0000

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.

The investors include Dave McClure (500Startups), Fritz Lanman (Microsoft), Jude Gomila (HeyZap), Andrew Warner (Mixergy), Paige Craig, Christina Brodbeck (YouTube), Ben Ling (YouTube), Russ Siegelman (Microsoft), Michael Powers (YouTube), Geoff Ralston (Lala), Karl Jacob (Coveroo), Steve Blank (Stanford University), David Wu (Intuit), Jawed Karim (YouTube), Kevin Hartz (Eventbrite), Jeremy Stoppelman (Yelp.com), Keith Rabois (PayPal), Elad Gil (Twitter), Ali Partovi (iLike), and Hadi Partovi (iLike). Initially InDinero founders Andy Su and Jessica Mah were planning to raise $500,000, but the company received so much interest that this round may top out at $2 million.

[TechCrunch]

Y Combinator Raises $8.25 Million

Amit Chowdhry — Fri, 21 May 2010 19:23:15 +0000

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 — Mon, 14 Sep 2009 16:50:47 +0000

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.