Startups
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WeWork’s Powered By We product is central to 2018 growth strategy
WeWork had a big year in 2017. The seven-year-old company opened 90 new locations, doubling its global membership, and expanded into new cities in Latin America, Asia and Australia, and Europe and Israel. It is reportedly valued at $20 billion. While 2018 holds more of the same — WeWork plans to launch 1 million square feet of new space each month next year — the company also plans… Read More
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Bio-programming toolkit maker Asimov launches with $4.5M from Andreessen Horowitz
Biotech is one of today’s many hot tech frontiers, but one thing holding it back is that it’s significantly less amenable to traditional computing techniques than other areas. A new startup is working on bridging the gap between the digital and the biological by creating a set of computer-aided biology design tools. It’s a prescient enough idea that it has attracted $4.5… Read More
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SendBird raises another $16M to help developers add chat functions to a service
If you go to any company’s website these days, you’re probably starting to see some chat functionality more and more often — and for good reason, as it’s a quick way for those companies to get in touch with their potential customers. And SendBird, which launched in February this year out of Y Combinator, has tried to quietly begin eating up this space by giving… Read More
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Former Nike CFO Don Blair joins Dropbox’s board of directors
As Dropbox continues its inevitable march toward an IPO, it’s going to look to bring in people with a lot of experience handling the operations of larger public companies — and it’s getting one today. Dropbox today said it is adding former Nike CFO Don Blair to the company’s board of directors. Blair will be joining the audit committee, the company said, and comes in with… Read More
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Used car marketplace Shift appoints a co-CEO alongside George Arison
Toby Russell was one of the first people to get Shift founder George Arison into used cars — and now he’s going to be running his company alongside him as Shift said today it is appointing Russell co-CEO of the company. Arison said he was naming Russell co-CEO of the used car marketplace to help split off the role into what each executive would be best at, with Russell handling a… Read More
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Arizona residents are getting refunds on Theranos tests
Theranos is issuing refund checks to all Arizona residents who used the company’s blood-testing services, thanks to a recent settlement by Arizona Attorney General Mark Brnovich. Between 2013 and 2016, Theranos offered testing at several locations throughout the state in a partnership with Walgreens. However, the drug store chain severed ties with Theranos in mid-2016. Read More
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The startup that facilitates deliveries for HelloFresh in SF and LA raises $4.3 million
AxleHire, a last-mile logistics startup that facilitates deliveries for companies like HelloFresh, Freshly, Sunbasket, La Boulangerie and others, has raised $4.3 million from Acorn Pacific, RGA Ventures and others. A hard look at token sale mania by a true insider
Moshe Hogeg is a fixture in the Valley mythos. This Israeli founder of Yo (yes, that Yo) and Mobli, he recently became one of the most prolific ICO investors in the world with a thesis that, in short, that states he will put small amounts of money into every sane token sale. Hogeg (whose company advertises on a weekly ICO newsletter that I started but do not write) recently posted some… Read More
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Open Garden wants to give you tokens for sharing your internet connection
Open Garden launched its mesh networking platform at TechCrunch Disrupt NY 2012. Since then, the company has gone through a few iterations and found unexpected success in its Firechat offline messaging service. Now, it’s ready for the next step in its evolution. The company now wants to make it easier for anybody with an Android phone to share their Wi-Fi connections with anyone who… Read More
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Erik Huggers is stepping down as CEO of Vevo
Vevo, the music video service backed by major record labels, just announced that its CEO Erik Huggers is departing. Huggers previously worked at the BBC, at Verizon (which owns TechCrunch) and elsewhere. He joined Vevo in 2015. Under his leadership, Vevo was working to become less reliant on YouTube (which was its major syndication partner) by developing more apps and products like the… Read More
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