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Everything You Need To Know About The DraftKings/FanDuel Scandal
It’s been a crazy few weeks in the world of daily fantasy sports. What originally started as a data leak from DraftKings has now morphed into a federal investigation and total ban across the state of Nevada. Feel like you don’t know the story? You’re not alone. Read on to get caught up on the insanity that is daily fantasy sports. Read More
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Flipboard Launches A New Targeted Ads Product Based On Its Interest Graph
Flipboard today is opening up some better targeting to its advertising partners in the form of the advertising based on the interest graphs it has built for its users. Here’s an example: an advertiser that chooses to advertise with coffee topics may also have their ads shown with craft beer topics. The reason behind that, Flipboard head of advertising products Dave Huynh said, is… Read More
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Zomato Closes Its Cashless Payments Service Following A Trial In Dubai
Following up on a big round of layoffs earlier this week, Zomato said it is shutting down its cashless payments system — a system that it had trialled in the Middle East at the beginning of this year. A Look At The Internal Memos Of Twitch And Periscope
Bessemer is actively investing in consumer video startups. It’s a space we’ve been focused on for a while now. We invested early in Twitch in 2012 following the company’s pivot from JustinTV (which sold to Amazon last year for ~$1 billion) and were one of the first seed investors in Periscope (which was acquired by Twitter earlier this year while their product was still in beta). Read More
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Target Teams Up With Techstars To Create A Retail-Focused Startup Accelerator
Target is the latest big company to launch its own startup accelerator. This will a partnership between Target and Techstars, and it’s being led by West Stringfellow, former chief product officer at Big Commerce and Rosetta Stone. (There are plans to hire a managing director as well.) Stringfellow said this was one of his initial ideas when he joined Target’s entrepreneur in… Read More
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Bank Loans Are A Better Financing Option Than You Might Think
Today’s startup scene is all about raising VC money — as much as possible, as fast as possible. The market celebrates VC fund-raising, cheers unicorns and makes it seem like VC-backed startups are the holy grail of innovation. And so my fellow entrepreneurs were somewhat surprised to learn that when my VC-backed startup needed another cash injection, I resorted to the oldest trick… Read More
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Programming Hate Into AI Will Be Controversial, But Possibly Necessary
In the last few years, the topic of artificial intelligence (AI) has been thrust into the mainstream. No longer just the domain of sci-fi fans, nerds or Google engineers, I hear people discussing AI at parties, coffee shops and even at the dinner table: My five-year-old daughter brought it up the other night over taco lasagna. When I asked her if anything interesting had happened in school,… Read More
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Scoot Unleashes New Four-Wheeler Quad Cars On San Francisco Streets
Scoot, the San Francisco-based electric scooter ride share network, has teamed up with Nissan to create a four-wheeled two-seater enclosed vehicle onto the streets of San Francisco. Starting today, Scoot members have the option to rent one of these adorable little cars to get them anywhere in the 7×7. Known as the Scoot Quad, this is an all-electric vehicle that you can turn on with the… Read More
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Specialization, Polymaths And The Pareto Principle In A Convergence Economy
Economists tell us that the history of human labor is one of continually increasing specialization. As we progressed along the economic continuum from hunter-gatherer through agrarian and industrial and now into post-industrial economies, the labor force has become more fragmented, with workers having more and more specialized skill sets. Read More
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Tinder Owner Match Group Files To Go Public
Match Group, a spinoff of IAC that owns properties like Tinder and OKCupid, has filed to go public. The Dallas-based company is reporting trailing twelve months revenue of $1 billion ending June 30 this year, and revenue of $483.9 million for the first half of 2015. It had net earnings of $49 million in the first half of $49.3 million, and trailing 12 month net earnings of $177.5 million.… Read More
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