London-based online currency transfer outfit TransferWise has raised a $58 million Series C round that was led by Andreessen Horowitz. This follows a $25 million Series B round just seven months ago, which included Virgin chief Richard Branson and original backer Peter Thiel (who are also in the current round, along with Index Ventures, IA Ventures and Seedcamp.) Like CurrencyFair over in Ireland, TransferWise uses cash reserves in various countries to bypass the banks and offer conversion rates that are far cheaper than those offered by traditional banks and remittance services. According to the Financial Times, Andreessen Horowitz won a competitive bidding process to invest in TransferWise, which is now valued at “close to $1 billion”.
Venture capitalist and Netscape founder Marc Andreessen told CNBC that Edward Snowden is the textbook definition of a traitor, and argued that mass surveillance is what the NSA is supposed to be doing — although he admits that spying on U.S. citizens is troubling
Brands and prominent users like comedian Rainn Wilson are complaining about Facebook’s algorithm changes and how that forces them to pay money to reach their fans and followers — but Facebook has always been that kind of network. It controls the signal-to-noise ratio, not you
Comcast’s recent deal with Netflix re-ignited a debate on net neutrality and how best to implement it, with venture investor Marc Andreessen arguing that competition is what will solve the problem, not more regulations
In the latest instalment of an ongoing manifesto on the future of news and journalism that he has been conducting over Twitter, venture investor Marc Andreessen talks about what has been holding the traditional media industry back from success in moving to digital
First Look Media, the new venture from eBay founder Pierre Omidyar, has launched The Intercept from Glenn Greenwald — the first of what it calls a family of “digital magazines.” But the company’s strategy is much smarter than that term makes it sound
In a long discussion on Twitter about the future of journalism and the media, venture investor and Netscape creator Marc Andreessen talked about why he is fundamentally optimistic about the news business and the ways in which it is being disrupted by the internet
During a Twitter discussion about the recent court decision striking down net neutrality, entrepreneur-turned-VC Marc Andreessen talked about the need for massive investment in new network technologies and how to balance that with his desire for an open internet.
Kno, launched with much fanfare, raised nearly $100 million in venture capital and debt, only to find out that the world of education didn’t care much for the company’s products or for that matter the company itself. It crash landed at Intel last weekend.
Skype turned 10 years old today. After disrupting the telecommunications industry, Skype is facing an uncertain future and increased competition. It is increasingly being assimilated into Microsoft and its enterprise communications business. Will the brand last another 10 years? I am not so sure.