Media
GigaOM: Ingk Labs buys payment platform ORCA to create PayPal rival
Ingk Labs, an IP accelerator in New York City, has purchased payment platform ORCA Inc. and will use it to power a new PayPal competitor called Payz. ORCA, formerly known as OneTXT, was backed by Metamorphic Ventures, KPG Ventures and individual investors Geoff Judge, Roger Ehrenberg, and John Frankel. Terms of the deal were not disclosed. ORCA, also...
Wall Street Journal: ‘Angel’ Investors Exist Outside Tech Elite, Too
Many “angel” investors, who put their own money into small start-ups at a very early stage, previously worked at technology icons that are known for minting millionaires, like Google Inc. and PayPal. But Silicon Valley’s angel-investor scene is far from homogenous, new data show. AngelList, a San Francisco start-up that connects accredited investors with companies...
VentureBeat: Ingk Labs rescues technology behind SwapThing to build the next eBay (exclusive)
Proving that one man’s trash is another’s treasure, New York-based incubator Ingk Labs has salvaged an e-commerce patent gem from a defunct startup. It hopes to use that second-hand technology to corner the online-bartering market and take on eBay and Amazon. Ingk Labs rescues undervalued intellectual property (IP) from dying startups, and then brings its IP...
