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Uber faces new legal challenge, at home in San Francisco

Uber faces new legal challenge, at home in San Francisco

It looks like Uber has yet another legal hurdle to surmount, this time on its home turf in San Francisco.

The popular ride-summoning startup, which has recently dealt with regulatory challenges in Washington D.C., New York, and Chicago, is now being sued in San Francisco by the city's cab drivers, who are claiming unfair business practices.

The fast-growing service, which allows customers to use smartphones to arrange transportation in several U.S. cities, announced last month that in the San Francisco market it was testing out a taxi service option within the Uber app, alongside its existing sedan … Read more

Pet sitting site DogVacay fetches $6 million more in funding

Pet sitting site DogVacay fetches $6 million more in funding

DogVacay, the site that matches people who need a dog sitter with people who are interested in caring for dogs in their homes, is growing faster than a kibble-guzzling puppy.

The company, which launched in March and has about 8,000 hosts signed up on its network, recently hit $1 million in payments to its hosts. It's just received a $6 million investment from Benchmark Capital, co-founder and CEO Aaron Hirschhorn revealed today.

The site, which acts like an Airbnb for dogs, offers an affordable -- and more social -- alternative to kennels for dog owners, while giving hosts … Read more

Jack Dorsey: An IPO is not an exit plan

Jack Dorsey: An IPO is not an exit plan

Twitter co-founder and Square CEO Jack Dorsey has reiterated Twitter's cautious approach to being a public company by saying that a company's initial public offering shouldn't be the end-all for startups.

"You can think of an IPO as an exit or a goal, or you can think of it as more of a milestone. For us, it's a milestone," he told CNBC's Maria Bartiromo in a segment aired today.

When asked about Twitter's plan to become a public company, Dorsey said the company will go public "when we feel the company … Read more

What Square's rise means for the startup ecosystem

What Square's rise means for the startup ecosystem

Square is different than any other startup that has come before it, and its growing influence and size will inevitably lead to a change in the way entrepreneurs run their companies and venture capitalists invest.

There's no doubt that Square is on the rise, but it is set to accelerate its growth, thanks to a strategic investment from Starbucks that places Square's technology in front of millions of consumers. And thanks to Starbucks, Square's revenue and valuation are set to soar.

Perhaps this is why more pundits are calling Square "Silicon Valley's next great company,&… Read more

Friendster founder raises $1.7M for social startup Nuzzel

Friendster founder raises $1.7M for social startup Nuzzel

A decade after his startup Friendster paved the way for online social networks, Jonathan Abrams is back with a new social project. And as of today, he has some high-profile investors supporting his plan.

Nuzzel, a startup that collects all the most-shared links in your Facebook and Twitter feeds and presents them in a clean, easy-to-read format, raised $1.7 million in seed funding from investors including 500 Startups' Dave McClure, "The Lean Startup" author Eric Ries, Slide's Max Levchin, Andreessen Horowitz's Ronny Conway, and the Founders Den's Zachary Bogue, who is also the husband … Read more

Google Ventures reportedly gets $100 million funding boost

Google Ventures, the search giant's venture-capital arm, is getting more cash to play with.

Google Ventures will now be allowed to invest up to $300 million a year into startups, up from the previous limit of $200 million per year. The boost was reported to Reuters by Google Ventures managing partner Bill Maris, who told the news outlet that the increased cash "puts a lot more wood behind the arrow if we need it."

Google Ventures kicked off in 2009 as a way for the search giant to identify early-stage companies and give them cash to help … Read more

Social-networking app Path finally forges its way to the iPad

Social-networking app Path finally forges its way to the iPad

Path, the social-networking app that helps family members and close friends stay in touch, is now making its way to the iPad.

According to Path, the app was built from the ground up and supports both landscape and portrait orientations. Path is especially excited about the landscape orientation, saying that it will provide a full collage of the day's events in a single pane, thanks to the iPad's larger screen screen size. Upon clicking on a photo in the collage of images and videos, users will get a full-screen view and see comments associated with it.

The iPad'… Read more

Kickstarter makes its way to the U.K.

Kickstarter makes its way to the U.K.

Kickstarter, the site that lets budding entrepreneurs throw their ideas into the ring and raise money via crowdsourcing, is now available in the U.K.

Kickstarter co-founder Yancey Strickler announced the launch yesterday to the BBC, saying that the U.S.-based service had raised over $340 million for projects. So far, there are about 200 projects specifically designed for U.K. audiences on the site. If the U.S. success is the guide, that number will increase quickly.

Kickstarter launched in 2009 and has grown rapidly in popularity. Over 70,000 projects have been pitched on Kickstarter. One of … Read more

ItsOn gets its funding on, targets mobile data 'bill shock'

ItsOn gets its funding on, targets mobile data 'bill shock'

A mobile company that wants to change how you access data just raised a boatload of cash.

ItsOn announced today that it has closed a $15.5 million Series B round of financing. Venture capital firm Andreessen Horowitz led the round. The firm was joined by investment company SV Angel.

ItsOn takes a unique stance on data usage by allowing customers to choose how much data they need and for what purpose. The company's Web site is shy about details on its service, but in a statement, ItsOn founder and CEO Greg Raleigh says that his firm's focus … Read more

Yahoo's Marissa Mayer makes her first acquisition

Yahoo's Marissa Mayer makes her first acquisition

Yahoo has acquired its first startup: Stamped, a recommendations engine built by former Google colleagues of Yahoo CEO Marissa Mayer -- a team Mayer wanted to bring into the fold at Yahoo.

Stamped, which launched as a smartphone app last November, lets users recommend books, movies, restaurants, and other things to friends by giving them a virtual stamp of approval. It uses a Twitter-like social graph that lets users follow recommendations from both friends and celebrities, like chef Mario Batali.

The company had raised about $3 million from a range of investors including Bain Capital Ventures, Google Ventures, and singer … Read more

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