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  • Trending on the Ticker

  • Stripe backs @StellarOrg, a decentralized protocol for sending and receiving money in any pair of currencies; code is open-source; Stellar was developed by Stellar Development Foundation, a non-profit created by Patrick Collison & Jed McCaleb; Stripe invested $3M into Stellar Development Foundation; board incl @rabois, @sama, @naval, @photomatt - Link
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  • SF-based mobile game studio @kabam raises $120M from Alibaba Group @ $1B+ valuation; Alibaba will reportedly publish Kabam's games, like 'Kingdoms of Camelot: Battle for the North' & 'The Hobbit: Kingdoms of Middle-earth' across its apps in China; 'The Kabam team has a track record of innovation & a strong entrepreneurial spirit, & this is exactly the type of co we want to support,' Alibaba exec Patrick Liu stated - Link
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  • @Twitter acquires @MitroCo, a password security startup; Mitro helps several people share & control the password of a single account; Twitter is making Mitro's offering open source w/ the goal of helping it to become a 'self-sustaining, nonprofit, community-run service' via a partnership w/ the Electronic Frontier Foundation; @TechCrunch reports the service will stay available through the end of the yr at least - Link
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  • Snapchat VP of Engineering Peter Magnusson departs after 6 mo's; unclear why Magnusson is leaving or where he's working next; the startup poached him away from Google, where he was Engineering Director - Link
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  • @jerrycolona speaks @ @sparkcapital about the '5 challenges to leadership': delusion, disappearing into the fire, not understanding leadership, being unclear, avoiding fierce conversations; 'sometimes what it takes to build the best f*cking product out there is to walk into the kiln, and sometimes it means you disappear'; leaders need to hold the vision of the company, build & maintain the team & give the team what they need to succeed; 'being fierce is about creating trust'; 'avoiding fierce conversations exacerbates the problems' - Link
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    Watch Jerry Colona on @TWiSTartups: