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Have you ever experienced getting stranded late at night, while it was raining, because you had no car and there was no cab in sight? This happens to a lot of people, and this was what inspired two young men to create an app that has now become synonymous with “better than taxi” transportation in different countries all over the world. This is the story of how Uber came to be and how it aggressively…

Average Household Savings & Income By Age & Education Savings and debt have long been a hot topic in the United States. In recent years, the subject has gained much focus by consumers and industry analysts. Just good (or bad) are people’s savings and debt levels in America?  Recently much interest had to do with the fact that Income has stayed relatively flat for middle income Americans, while high income Americans have seen increases…

Cloudera’s current 2015 valuation tops $5 Billion, with estimated revenues of $199 million. Cloudera makes data software products and data management software. Current Valuation 2016 – $5 Billion Revenue Estimate 2015 – $199 Million Industry: Data, Software Founded: 2008 In its website, Apache Hadoop-based software provider and data management company Cloudera promises unified and secure solutions for storing and protecting data. It also lists some of its biggest partners. Over the years, the company has…

Marc Andreessen has an estimated net worth of more than $750 million. Marc Andreessen is most known for being the founder of Netscape, Loudcloud, and venture capitalist firm Andreessen Horowitz. Net Worth: $750 Million Notable Venture Capital Investments: Through his firm Andreessen Horowitz, Marc has invested over $200 million in bitcoin-related startups. Investment of $50 Million in Reddit Investment of $24 Million in Oculus VR Investment of $7 Million in Business Insider Wealth Source: VC Investments, Netscape Birth…

Table of contents Founders & brief history Investors Initial investors Further investment rounds Current valuation Statements Industry trends Relevant links 1. Founders & brief history Quora is an online platform which offers the possibility to ask and answer questions and share knowledge all around the world. Their vision is to create a knowledge sharing platform competing with Google and Wikipedia. The company was founded by former Facebook employees Adam D’Angelo and Charlie Cheever. Quora was…

Auto Insurance Buying Guide: How much Car Insurance Do I Need? Determining what type of auto insurance can be confusing especially if you are unfamiliar with the type of coverage available. Many individuals make the mistake of purchasing only the minimum coverage while others make the mistake of purchasing too much. Knowing how much specific auto insurance you need is important. However once you understand the purpose of each type of coverage, you can better…

Auto Insurance Buying Guide: Collision vs. Comprehensive Ultimately the other way that you can guarantee that your damaged vehicle is repaired or replaced properly is to buy collision and comprehensive insurance coverage. These types of coverage are known as physical damages coverages. They address two kinds of accident. You usually cannot purchase collision coverages without buying comprehensive. However you may be able to buy comprehensive coverage on its own, this depends on the particular insurance…

Selecting a banking institution is a decision that requires a great deal of thought, especially since each bank has different requirements, special offers fees, details and features. Each bank also offers their own type of checking and savings accounts with different features, perks and bonuses. You will want to determine what is most important to you when banking and choose the banking institution that best fits. San Diego has a wide range of banks that…

It is important to put some thought into choosing a bank, since they can vary significantly in terms of features, requirements, fees, interest rates and special offers. Some banks even offer different levels of checking and savings accounts, each with its own perks and features. Determine which of these facets of banking are most important to you, then choose a bank that offers what you are looking for. In San Francisco there are a number…

When it comes out that a celebrity has money problems, we tend to show disbelief. After all, how can someone who makes so much money end up in such bad circumstances? It doesn’t make sense to us regular joes that it is possible to spend so much, so quickly. However, income alone doesn’t determine how successful you are in terms of finances. If you don’t carefully manage your money, you can end up overrunning your…

Major financial institutions often employ traders to involve themselves in buying and selling on global markets. These traders make decisions on behalf of the financial institutions, as well as on behalf of clients. These traders can make a lot of money – but sometimes they go rogue as mistakes prompt them to hide losses and make big gambles in an attempt to turn the tide. The hope is that one big payoff can erase years…

Applying for a mortgage requires that the lender runs a credit check to view your previous credit history. They will also obtain your FICO credit score to determine your eligibility for a mortgage loan. A mortgage loan is typically the biggest investment a borrower will make in their lifetime, so it is financially wise to come to the lender with the best credit profile possible when you are ready to apply for your loan (Read…