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Xero Raises Additional $150 Million, Challenging Intuit

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PayPal co-founder Peter Thiel along with other investors have recently injected $150 million into Xero's streamlined accounting platform. The company hopes to target the North American market, along with others, as the results of an eight-year project to move into the mainstream. See what all the fuss is about.

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Adam Toren is a serial entrepreneur, mentor, investor and co-founder of YoungEntrepreneur.com. He is co-author, with his brother Matthew, of Kidpreneurs and Small Business, BIG Vision: Lessons on How to Dominate Your Market from Self-Made Entrepreneurs Who Did it Right (Wiley). He's based in Phoenix, Ariz.