“We’ve come a long long way together, through the hard times and the good. I have to celebrate you baby, I have to praise you like I should using a 360-degree feedback tool sold as as SaaS by founders who went through Y-Combinator in S14 and have offices in New …
Read More »Foodstantly is transforming how people shop for food in Nigeria
Uchay Ariolu, the founder of Foodstantly, has been working in the food industry for most of his life. His father was in the industry, and Ariolu himself began investing in the meat industry before he went to college. After school, Ariolu founded the fast food chain Roastables, which grew to five …
Read More »Ruvento raises new seed fund to invest in hardware across Singapore, China and the U.S.
Today, Ruvento is announcing a new $25 million seed fund for hardware startups in need of capital from Singapore, China and the U.S. The fund, managed by Slava Solonitsyn and Alex Toh, will write 70 percent of its checks between $100k and $500k. The rest of the capital will be reserved for follow-on investments of up …
Read More »Scanadu to shut down support for its Scout device per FDA regulation and customers are mad
Medical startup Scanadu informed customers today it will no longer support its Scout device starting May 15, 2017. The reason? Though Scanadu has been working with the Food and Drug Administration to get full approval for this and other devices, it seems Scout didn’t make the cut. Scanadu came out of …
Read More »Airbnb’s plan to compromise with cities as regulatory challenges pile up
Airbnb looks to be making a key strategy change with regards to its global lobbying efforts. After a failed lawsuit that made the company little progress in the state of New York, Airbnb is rallying behind an age-old political tool — the compromise. Any good negotiation comes with table strategy. In Airbnb’s case, …
Read More »Trump hails Uber’s Kalanick and rockets SpaceX’s Musk to positions on Strategic and Policy Forum
President-elect Donald J. Trump’s Strategic and Policy Forum has picked up two of the highest-flying and hardest-driving executives in the tech industry with the addition of Uber Technologies’ Travis Kalanick and SpaceX’s Elon Musk. Announced today, the two appointees join a board headed by private equity titan Stephen Schwarzman, who …
Read More »Suiteness raises $5M to expand their hotel suite booking platform
Suiteness, a YC company that makes it easy to book hotel suites for groups, has raised $5M in Series A funding. The round was led by Bullpen Capital Global Founders Capital, with participation from HVF (Max Levchin’s personal fund), YC’s Continuity Fund, Kima Ventures and Altair Capital. The company will …
Read More »Inside Intel’s phenomenal effort to end its use of conflict minerals
We tend to think that large corporations have total, intentional control over their own businesses — local abuses are quite reasonably assumed to derive from pressures from above, to be extensions of the overall corporate culture rather than exceptions to it. But highly complex and, particularly, highly globalized companies often …
Read More »VAIO, Toshiba, and Fujitsu will reportedly merge in the face of sinking PC sales
As sales and profit margins on traditional PCs continue to shrink, so to do the number of PC makers. Some go out of business, only to have their carcasses picked over by competitors, but others see the writing on the wall and join forces before it’s too late. Such is …
Read More »Pebble announces it will cut 25% of its workforce
Pebble was one of the first big Kickstarter success stories after it raised over $10 million in 2012 and went on to release its promised smartwatch after minimal delays. However, that success may be short lived. The company is looking at tight financials, and that has led to 40 layoffs, …
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