The New York Stock Exchange has been selected for Uber's initial public offering, which could give the company a valuation as high as $120 billion, a source said. The IPO is expected to be the biggest in the US this year, sources have said.
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Stacy Spikes, founding CEO of MoviePass, is now working on a service called PreShow that could allow users to get free movie tickets if they watch ad packages. The app uses facial-recognition technology to ensure users actually view the ads.
Pinterest is responding to the strong demand for new stock issues by picking up the pace of preparations for its initial public offering and has decided to list on the New York Stock Exchange, sources say. The IPO reportedly could come by mid-April.
Founders sometimes try to avoid honoring pro-rata rights, which refer to the ability of early stage investors to maintain a certain percentage of company ownership, writes Fred Wilson of Union Square Ventures. Wilson ponders whether investors have to "put more teeth into our pro-rata rights to insure they are honored."
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Investors often rely on instinct when evaluating the potential of a startup team, but that doesn't always lead to good results, writes Eva de Mol, partner at CapitalT. Experience may be useful for startup founders, but the best founding teams also have the right balance of hard and soft skills.
Entrepreneurs can protect their companies' sensitive data by taking proactive steps, said a panel of experts. In addition to using firewalls and updating software, panel participants recommended protecting email, doing regular employee training and limiting access to private data.
A lawsuit filed by Tesla alleges that former employees took proprietary information from the company that they later used while working at the self-driving startup Zoox.
Building a successful startup is a long and bumpy road; without entrepreneurial passion and strategic vision, a stellar resume merely becomes a piece of paper.
