PayPal

7 stories
New neighbors
PayPal's Start Tank opens its doors to six more startups
Entrepreneurs working in PayPal's Start Tank, which offers chosen companies free office space up to a year. (Photo by Dina Rudick / Globe Staff)
It's getting harder for startups to score free office space at PayPal's Boston office. PayPal executive David Chang, who oversees the "Start Tank" program that sets up chosen entrepreneurs with office space that PayPal isn't yet using, says only about 11 percent of applicants got in this fall. That's compared to a 20 percent acceptance rate earlier this year. Read More
Picking up speed
Wanderu hits 1 million bus trips booked on its site
From left, Wanderu cofounders Igor Bratnikov and Polina Raygorodskaya (courtesy of company)
Since coming out of beta last summer, Boston startup Wanderu has been in rapid-transit mode. Seven months ago the company raised $2.5 million and launched its Kayak-esque service for booking bus and train travel. Since then, the company has moved out of the PayPal StartTank and into its own office in Downtown Boston, grown from a staff of eight to 15, and seen an impressive increase in the usage of its service. Wanderu crossed 1 million bus trips booked by users as of last week, said cofounder and chief executive Polina Raygorodskaya. Read More
New roommates
14 startups that just nabbed free space at PayPal's Start Tank
David Chang and Karen Landry reviewed more than 80 applicants for PayPal's Start Tank.
PayPal's Boston office is filling its Start Tank with a new set of early-stage ventures. Created in 2012, the Tank offers entrepreneurs free office space in downtown Boston, along with mentorship from PayPal employees and seminars. Companies are welcome to stay for six months to a year; this is the third crop of businesses that the Start Tank has housed. Read More