Sean Parker will not make new investments for Founders Fund, but will maintain board seats like Spotify.
FORTUNE -- Sean Parker is no longer making new investments on behalf of Founders Fund, a San Francisco-based venture capital firm that yesterday announced that it has raised $1 billion for its sixth fund.
Parker originally joined Founders Fund in 2006, after stepping down as president of Facebook (FB) -- a company that was originally MOREDan Primack - Mar 6, 2014 1:50 PM ET
Newsweek claims to have found the creator of Bitcoin. Did it also discover something else?
FORTUNE -- For years, a favorite hobby of Bitcoin enthusiasts has been trying to discern the "real" identity of the crypo-currency's secretive creator Satoshi Nakamoto. Today, Newsweek tried to put the mystery to rest by reporting that "Satoshi Nakamoto" is really... well, a 64 year-old Japanese-American named Satoshi Nakamoto. He apparently lives just outside of Los Angeles, and MOREDan Primack - Mar 6, 2014 12:15 PM ET
Those who have lost bitcoins or cash with Mt. Gox have a long wait and a lot of hurdles between them and restitution. Here's what you need to know if Mark Karpeles smashed your piggybank.
By David Z. Morris
FORTUNE -- On Friday, Feb. 28, the bitcoin exchange Mt. Gox filed for bankruptcy under Japan's Civil Rehabilitation (Minji Saisei) code, revealing that it was insolvent and seeking protection from creditors. On MOREMar 6, 2014 12:09 PM ET
A slew of discouraging economic data doesn't bode well for February jobs numbers, but there's still hope for broader recovery.
FORTUNE -- This winter has brought subfreezing temperatures and several feet of snow to much of the country, and the weather has done more than mess with your morning commute.
Cold weather also has a tendency to put a temporary damper on economic activity, as businesses often shut down during heavy snowstorms MOREChristopher Matthews - Mar 6, 2014 11:20 AM ET
To get deals in your inbox each morning, sign up for our Term Sheet newsletterVenture Capital Deals
OnDeck, a New York-based platform for lending to "Main Street businesses," has raised $77 million in growth equity funding. Tiger Global Management led the round, and was joined by return backers Institutional Venture Partners, RRE Ventures, SAP Ventures, Google Ventures, First Round Capital, Industry Ventures and Peter Thiel. The company has now raised a total of $180 million MOREDan Primack - Mar 6, 2014 11:17 AM ET
The discount retailer is forgetting the basic principle of business that those who earn more also spend more.
By Sanjay Sanghoee
FORTUNE -- As the debate over raising the federal minimum wage goes on, Wal-Mart (WMT), the nation's largest employer, has backed away from news reports that it would support higher pay. The discount retailer recently said it's staying "neutral," which is really just a veiled way of opposing any increase. It would be easy to dismiss this MOREMar 6, 2014 5:00 AM ET
Big IPO-like spikes, clients being favored over others, and the potential for unfair Wall Street profits. This certainly sounds like another manipulated market.
FORTUNE -- Wall Street may have a new debt problem.
Late last week, Goldman Sachs (GS) disclosed that regulators are probing how it allocates and trades bonds. Citigroup (C) is reportedly in regulators' crosshairs as well, along with the rest of Wall Street. At issue is how banks decide MOREStephen Gandel, senior editor - Mar 6, 2014 5:00 AM ET
Stealthy payment startup hires former Twitter designer.
FORTUNE -- Last month I wrote about stealth payment start-up Clinkle, and the disconnect between its Silicon Valley reputation (a well-funded joke) and its successful recruiting of big-name executives. In short, if Clinkle is so bad, then how does it keep hiring good people?
One response I heard a lot was that my argument's focus was on C-suite hires, rather than product/engineering hires.
Well, today Clinkle MOREDan Primack - Mar 5, 2014 4:17 PM ET
Sequoia Capital may have been the only VC firm in WhatsApp, but that wasn't for lack of other interest.
FORTUNE -- Oh, what could have been.
When Facebook (FB) last month agreed to buy mobile messaging company WhatsApp for approximately $19 billion, many of us noted how the deal helped solidify Sequoia Capital as the world's top venture capital firm. Not only was this the largest sale ever of a VC-backed company, MOREDan Primack - Mar 5, 2014 2:46 PM ET
Immigration boosts economic growth and makes inequality more bearable.
FORTUNE -- As the 2014 midterm elections draw nearer, the issue of immigration reform will be used as a wedge to pressure vulnerable Republicans into either angering their base and supporting reform, or alienating key demographics.
The politics of immigration are complicated, as are the economics. Researchers are split over whether immigration brings down the wages of low-skilled workers in the U.S. But MOREChristopher Matthews - Mar 5, 2014 1:34 PM ET
|AT&T cuts prices again|
|The medical marijuana ad that never aired, despite contrary media headlines|
|Can Fox's reboot of 'Cosmos' find an audience?|
|Get ready for 'over-the-top' TV|
|Chrysler Group orders donated Vipers destroyed|