The internet consumer loans company Lending Club has certainly attracted some big names to its board: former Morgan Stanley boss John Mack, internet analyst-turned venture capitalist Mary Meeker – and now Larry Summers, a former US Treasury secretary.
It’s all a sign that the barriers to consumer finance are crumbling for a new wave of start-ups, Mr Summers tells us. Read more
Crowdfunding is by now a well established route for startups to raise the capital they need to develop, manufacture and market a new product.
But Olive Media, a seven-year-old San Francisco-based company whose high performance audio servers are a favourite among audiophiles, has adopted the crowdfunding model to launch the Olive ONE, which it claims is the first all-in-one high definition (HD) music player. Read more