At Tuesday’s L.A. Tech Summit, IBD was able to catch up with Aydin Senkut, Alphabet (GOOGL)-owned Google’s first product manager who has since started his own venture capital firm, Felicis Ventures. Senkut spoke about two of the VC’s most notable investments, Fitbit (FIT) and Shopify (SHOP), as well as what he looks for when making an investment and how his time at Google has shaped his career. Follow Alissa Williams on
Shopify (SHOP), a provider of cloud-based e-commerce platforms, and high-frequency trading firm Virtu Financial (VIRT) were among recent IPOs that reported quarterly results Wednesday or were set to report. Here’s a look at how they did in their most recent quarter. Shopify’s third-quarter per-share loss of 3 cents was better than expectations for a 5-cent loss, while revenue spiked 93% to $52.8 million. Growth in merchant and subscription
E-commerce platform provider Shopify (SHOP) will team up with ride-hailing service Uber to help merchants delivery. The service, called UberRush, for now is available only in New York City, Chicago and San Francisco. Shopify provides a cloud-based e-commerce platform that businesses use to build websites and sell goods online and across multiple sales channels, including mobile and social media. Shopify said merchants will have the opportunity to