• Daily Crunch: Airbnb cancels all DC bookings during inauguration week

    9 days ago - By Tech Crunch

    Airbnb takes a big step to avoid violence at the inauguration, Intel gets a new CEO and Affirm goes public. This is your Daily Crunch for January 13, 2021.
    The big story: Airbnb cancels all DC bookings during inauguration week
    Airbnb said today that “in response to various local, state and federal officials asking people not to travel to Washington, D.C.” it will be canceling all reservations in the area for next week, which is the week of President-elect Joe Biden's inauguration. This will apply to all reservations on Airbnb-owned HotelTonight as well.
    The company had already said that it...
    Read more ...

     

  • The Capital riot hurts America's image that elected officials are 'not corrupt,' warns immigrant billionaire Max Levchin

    The Capital riot hurts America's image that elected officials are 'not corrupt,' warns immigrant billionaire Max Levchin

    9 days ago - By Business Insider

    Summary List Placement Affirm CEO Max Levchin came to the United States as a 16 year old immigrant with big dreams of starting his own company one day. On Wednesday, as shares of his fintech startup soared more than 103% in its initial public offering, Levchin spoke out against the capitol insurrection, calling the events in Washington last week a "disgrace."
    "I'm an extremely idealistic American by choice, he told Insider. "And so I think that's something that was very sad and kind of horrifying to see."
    Levchin describes coming to the country as a poor immigrant, barely surviving off of...
    Read more ...

     

  • Digital-lending startup Blend just nabbed $300 million from backers including Coatue and Tiger and is now valued at more than $3 billion. Here's how it's disrupting consumer banking

    Digital-lending startup Blend just nabbed $300 million from backers including Coatue and Tiger and is now valued at more than $3 billion. Here's how it's disrupting consumer banking

    9 days ago - By Business Insider

    Summary List Placement When it comes to consumer banking, the offerings and services involved run the gamut from the most basic of checking accounts to highly-personalized home loans and specialty vehicle auto loans. Accessing them all in one place via a seamless, online user experience, however, isn't always easy.
    That's one of the new focuses of digital-lending startup Blend.
    On Wednesday, San Francisco-based Blend announced a new fundraising round that brought the company's valuation to $3.3 billion, a near doubling of its valuation since it last raised money five months ago in...
    Read more ...

     

  • US stocks close mixed as traders await further economic stimulus

    US stocks close mixed as traders await further economic stimulus

    9 days ago - By Business Insider

    Summary List Placement
    US stocks were mixed on Wednesday as investors await further stimulus support from the government.
    Affirm spiked as much as 110% on Wednesday after the loan provider's public-market debut.The company's shares started trading publicly at around 12:20 p.m. ET and quickly surged above its offering price of $49.
    Bitcoin climbed higher after plummeting from record highs earlier this week. The world's largest cryptocurrency traded at roughly $36,000 Wednesday afternoon after sliding as low as $30,305.30 Monday night.
    Sign up here our daily newsletter, 10 Things Before the...
    Read more ...

     

  • One of biotech's most valuable startups just filed to go public. Here are 5 crucial takeaways from Sana's 271-page filing

    One of biotech's most valuable startups just filed to go public. Here are 5 crucial takeaways from Sana's 271-page filing

    9 days ago - By Business Insider

    Summary List Placement After raising more than $700 million since its 2018 launch, one of the biotech industry's most valuable private companies is planning to go public.
    Seattle-based Sana Biotechnology filed paperwork on Wednesday for an initial public offering. Following a red-hot year for biotech IPOs in 2020, Sana is hoping to take advantage of investor enthusiasm to fuel its ambitious cell and gene therapy programs.
    The company was founded in July 2018 and is led by former executives of Juno Therapeutics, a cell therapy startup that was acquired in 2018 by Celgene for $9 billion...
    Read more ...

     

  • Tech IPOs are still popping in 2021 as Affirm stock surges 80% in market debut

    Tech IPOs are still popping in 2021 as Affirm stock surges 80% in market debut

    9 days ago - By Fast Company

    How's this for a positive affirmation of the 2021 IPO market?
    Tech companies closed out 2020 with several blockbuster IPOs, including the much-hyped debuts of Airbnb and DoorDash. But Affirm Holdings, which has the distinction of becoming the first big tech IPO of 2021, is already a positive affirmation of the market's prospects in the new year.
    Read more ...

     

  • EXCLUSIVE INTERVIEW: Max Levchin couldn't get a car loan, so he founded Affirm. The buy now, pay later fintech raised $1.2 billion in its public markets debut

    EXCLUSIVE INTERVIEW: Max Levchin couldn't get a car loan, so he founded Affirm. The buy now, pay later fintech raised $1.2 billion in its public markets debut

    9 days ago - By Business Insider

    Summary List Placement Affirm's much-anticipated debut as a public company was greeted warmly by public investors on Wednesday. Shares soared as high as 110%, opening at $90.90 per share, far above the $49 initial price it set Tuesday evening. The San Francisco-based provider of installment loans raised $1.2 billion from the IPO.
    Affirm was founded by serial entrepreneur Max Levchin in 2012. Prior to Affirm, Levchin launched over a dozen companies including Slide, a personal media-sharing service that he sold to Google for a reported $182 million , and Glow, a women's reproductive health...
    Read more ...