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Beyond Unicorns: Andreessen’s Venture Capital Vision

Global Finance

On the Invest Like the Best podcast, Andreessen condemned the traditional venture capital partnership model, which he sees as flawed as it relies on a small group of founding fathers expertise and holds little lasting value once they retire.

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Swedish Startup Lendify Closes $115M Funding Deal

PYMNTS

Swedish peer-to-peer (P2P) lending startup Lendify has secured $115 million in funding from Insight Investment, according to a Bloomberg report on Wednesday (Oct. Last year Insight Investment supported the digital lender with a 1.5 In the past, the startup was supported by P2P lending and institutional capital.

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Poshmark Files For IPO After Posting Record Profits

PYMNTS

Secondhand eCommerce platform Poshmark filed for an initial public offering (IPO) after posting more than $30 million in profit across two consecutive quarters. “We We only recently became profitable and have experienced net losses. The Silicon Valley startup posted a net loss of $14.5 million last year.

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Is Your Business Eligible for an SBA Loan? Learn More Now

CSC Advisors

Startups are generally not eligible for SBA loans because lenders view them as higher risk. Profitability While not all businesses applying for SBA loans must be highly profitable, they must demonstrate the ability to repay the loan. This reassures lenders that they have a way to recover losses in case of default.

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How Corporate Finance Helps Businesses Make Smart Decisions 

CFO Talks

Corporate finance is all about managing money wisely so a company can invest in the right opportunities, fund its growth, manage its daily expenses, and prepare for risks. Without good financial planning, even a profitable company can run into trouble. They ask questions like: Will this investment make more money than it costs?

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Ant Financial Posts Rare Quarterly Loss

PYMNTS

Ant Financial , the Chinese FinTech giant and an affiliate of Alibaba Group , posted an earnings pre-tax loss of 2.4 The Wall Street Journal ( WSJ ), citing Ant, reported that the company had a pre-tax profit of 5.3 Alibaba blamed the loss on increased investments to capture growth. It posted 9.18 It posted 9.18

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Gojek, Grab Renew Merger Talks With SoftBank’s Support

PYMNTS

Shareholders, including Japan-based SoftBank , which first invested in Grab six years ago and in several later funding rounds, have urged the startups to return to the table, FT reported. But Gojek has proved a resilient rival. As a result, sources told FT Son is now among the biggest champions of a merger.