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Is Mayweather-Backed Shots the Next Instagram?

While boxer Floyd Mayweather is gearing up for the "fight of the century," one of his business investments is also packing a punch. Shots, the selfie app, is gaining traction amongst teens and growing fast.

Facebook Releases Snapchat Killer By Mistake

IPhone users in Russia and New Zealand may have come across Facebook’s new app on Monday. The social media giant’s answer to Snapchat, called Slingshot, was released in select markets by mistake.

True Ventures Closes $290 Million Fund

True Ventures, an early-stage  venture firm, has closed a $290 million fund. This is the fourth fund for the firm, having raised almost $900 million since 2005.  

Most Venture Funding Since 2001

The second quarter of this year saw the most U.S. venture funding since the dotcom boom days, according to data from Thomson Reuters and the National Venture Capital Association.