convertible debt

The Three Ventureers: Andreessen Horowitz Joining Conway and Milner in Y Combinator Start Fund

Kara Swisher in News on October 14, 2011 at 2:30 pm PT

The high-profile venture firm is in for $50,000 per start-up. What cash crunch?

TicketFly Rounds Up $3 Million to Fight Ticketmaster

Peter Kafka in Media on May 12, 2010 at 8:30 am PT

Average concertgoers go to two shows a year, and there’s a very good chance some of the money they spend on those shows goes to Ticketmaster, which dominates the ticketing business. So here’s a company that wants a piece of that: TicketFly, a New York-based start-up that wants to–gasp!–use the Web to update the archaic business.

Vonage Posts a Profit–On Paper

John Paczkowski in News on May 7, 2009 at 9:21 am PT

Well, what do you know. Vonage posted a quarterly profit. The Iong-suffering Internet phone company reported first-quarter earnings today and with them its first profit ever: $5 million on revenue of $224 million. Sadly, that profit was only made possible by “a $13 million mark-to-market adjustment relating to the derivative liability in the Company’s convertible debt.”