Technology Crossover Ventures has become a major investing powerhouse over its 22-year-old history by funding relatively undiscovered but mature companies; buying sizable stakes in later-stage, venture backed companies; and acquiring positions in publicly traded tech companies that TCV sees as undervalued. The firm, which is headquartered in Palo Alto, has done so well that it just […]
Technology Crossover Ventures
A Lending Case Involving Top VCs Moves Toward a Trial
Elevate, a venture-backed company that uses big data to assess loan applications from people with low credit scores, has been called out as a predatory lender, including in Fortune last year. One reason among others is that the APR on some of its loans is a stunning 349 percent. Yet the company’s predecessor, Think Finance, […]