Will Intuit’s AI Moves Help it Evolve, or Will it Get Cannibalized?

Last month, Intuit (Nasdaq: INTU) announced its third quarter results that failed to impress the market. The company saw revenues grow at the slowest rate since 2024. Intuit also announced a 17% reduction in its workforce as it reorganizes itself. Analysts believe that Intuit’s products will be cannibalized with the growth of AI use-cases. In

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Seed Capital From Angel Investors: Michael Gruber, Founder and Managing Director, Cornerstone Angels (Part 3)

By guest authors Irina Patterson and Candice Arnold Irina: Will your new Independence Equity fund be making seed investments? Michael: It will be the first institution round, so typically it will be series A and series B type investments. Depending on how large the fund gets to be down the road, the size of investments

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Seed Capital From Angel Investors: Michael Gruber, Founder and Managing Director, Cornerstone Angels (Part 2)

By guest authors Irina Patterson and Candice Arnold Irina: Could you give us a timeline of your career up to this point? Michael: I graduated from the University of Pennsylvania in 1990. I studied international relations and economics. It was basically an East Asian studies within the international relations. I studied Japanese, and I spoke

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Seed Capital From Angel Investors: Michael Gruber, Founder and Managing Director, Cornerstone Angels (Part 1)

By guest authors Irina Patterson and Candice Arnold This is the thirty-ninth interview in our series on financing for entrepreneurs. I am talking Michael Gruber, founder and managing director of Cornerstone Angels, a Chicago-based group of angels that seeks to provide financial capital and mentorship to early-stage companies in the greater Midwest.

1Mby1M Incubation Radar 2010: Phitch

By guest author Praveen Kumar ePhiphony Incorporated develops and publishes the inventory investment optimization solution suite Phitch, which provides software add-ons to existing accounting enterprise resource planning (ERP) and accounting packages that make it easier to optimize inventory. Phitch is designed to boost the performance of ERP platforms by determining inventory alerts, reorder points, safety stocks, and order

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Intuit and ADP Make SaaS Acquisitions, But High Unemployment Hurts

This month, both Intuit and ADP made some SaaS acquisitions. Intuit has followed an aggressive acquisition strategy this year. It began its SaaS rollup with PayCycle for $170 million in June, and early this month it bought Mint.com for $170 million. ADP made its first acquisition this year with HRinterax, which has an award-winning Web-based

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Intuit’s SaaS Roll-Up Begins With PayCycle

I have been calling for Intuit to start rolling up a SaaS portfolio for a while. [Read: ADP and Intuit Should Acquire Some SaaS, Intuit Needs To Acquire Into SaaS and SaaS Acquisitions Recommended For ADP and Intuit]. Well, Intuit just acquired PayCycle for $170 million, which was right at the top of my recommendation

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Deal Radar 2008: PayCycle

PayCycle provides online payroll services for small businesses and for the accounting professionals who serve them. Their mission is to make paper-based payroll obsolete. Using a unique Do-It-With-You model, they guide users through the entire payroll procedure online – from paychecks to W-2s. The company has highly experienced professionals who have previously developed products like

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