Entries by Martel

SoundCloud Is Struggling To Stay In Business

Big trouble in the cloud. The popular Berlin-headquartered music streaming startup SoundCloud is hemorrhaging money according to reports. SoundCloud can run out of money in 2017 if its recently launched subscription service doesn’t generate enough revenue. In 2015 the company’s net losses increased by 30.9% to $52m. Sheesh! Heads Are Rolling With numbers like this […]

Sneaker Startup GOAT raises $25 Million

Founded in 2015 the mobile sneaker marketplace GOAT is capitalizing on the love for fly kicks (sneakers). The company recently raised $25 million in a funding round led by VC firm Accel Partners. Here’s the lowdown on the company. What Do They Do? GOAT is a mobile-based sneaker resale marketplace. The company acts as a […]

Snapchat Officially files for $25 Billion IPO.

Snap Inc., the parent company of Snapchat, has officially filed the paperwork to begin selling shares of their company to the public. Here’s the quick and dirty: SNAP will be listed on the NYSE. The company’s valuation is expected to be over $25 billion when it goes public. March 2017 is the IPO target date. […]

Google Takes Apple’s Crown As the World’s Most Valuable Brand

After a five year stint at the top Google informed Apple that there’s a new sheriff in town. Google takes Apple’s spot as the world’s most valuable brand according the Brand Finance Global 500 2017 report. Apple’s brand value fell by 27% to $107.1 billion, according to the report this was largely because the company […]

The Bouqs, Flower Delivery Service Raises $24 Million

Who needs another flower delivery service right? I mean we already have 1-800-flowers, FTD, UrbanStems, etc. and now The Bouqs. What’s So Special About The Bouqs? To date the company has raised a total of $43 million. In their recent Series C financing they raked in $24 million. Apparently some knowledgeable & wealthy people believe […]

Hustle Like Russell: Russell Simmons Sells RushCard Business for $147 Million

Green Dot announced it will buy hip hop mogul, Russell Simmons‘ RushCard business for $147 million. Simmons started RushCard in 2003. The company issues pre-paid debit cards with lower than average fees targeted toward minority communities. The RushCard’s customer base is estimated to be around 750,000 users. The sale includes Rapid! the payroll debit card […]

Guess How Many Millionaires there are in America

The Credit Suisse Research Institute recently released their Global Wealth Report for 2016. The report notes that the U.S. has 13,554,000 millionaires. The best way to join the millionaires club is not by playing the lotto (the odds of winning the powerball are 1 in 292 million). Here’s the tried and true formula for becoming […]

Not Every Pro-Athlete Goes Broke After Leaving the Game, Just Ask Jamal “Monster Mash” Mashburn who Owns Over 80 Franchises

80% of professional football players and 60% of NBA players experience financial failure shortly after retirement. The list of horror stories of athletes going belly up when the “music stops playing” seems endless; Vin Baker, Antoine Walker, Lenny Dykstra, Curt Schilling, Mark Brunell… the list goes on. Jamal Mashburn was a college phenom at the University […]

11 Best Careers In America

MogulGrind is all about entrepreneurship but sometimes you need to keep your day job while you’re building your empire. If you have to work a 9 to 5 you might as well enjoy it, and be compensated well. With that said check out Glassdoor’s recent ranking of America’s top jobs for 2017. Glassdoor used three […]

Jigga Done Did It Again: Sprint Buys 33 Percent Stake in Jay Z’s Tidal

Jay Z’s music streaming service Tidal and wireless phone service provider Sprint have teamed up. Sprint has acquired a 33% interest in Tidal. The deal gives 45 million Sprint customers access to Tidal along with exclusive content. Sprint’s CEO, Marcelo Claure now has a seat on Tidal’s Board of Directors. According to Billboard, Sprint paid approximately $200 million for their stake. “It […]

Say It Isn’t So Oracle! U.S. Sues Over Racial Discrimination

The U.S. Labor Department has sued Oracle America Inc. Apparently the tech giant has “allegedly” systematically paid white, male employees at their Redwood Shores, California headquarters more than female and non-white workers with the same job titles and experience. Interestingly the complaint also notes that Oracle’s hiring practices favored Asian applicants, most notably Indian people. The […]