Startups
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Most new homes that are being built in the U.S. today really aren’t all that different from those that were built 30 years ago. Some materials may be different, but most builders haven’t really kept up with the times. Y Combinator-backed Acre Designs wants to change this by building zero-energy homes that are outfitted with the latest technology. Read More
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Lantern, a mental health startup that offers tools to deal with stress, anxiety and body image has raised a $17 million Series A round led by the University of Pittsburgh Medical Center’s venture arm with participation from previous investors such as Mayfield and SoftTechVC. UPMC Enterprises, the hospital’s venture arm, has invested large sums of money in 12 other health startups… Read More
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This morning, the law firm Fenwick & West published new findings about all the U.S.-based unicorn financings that took place during the last nine months of 2015. It’s rife with interesting nuggets, but perhaps most fascinating is that in the fourth quarter of last year, half of the 12 rounds it tracked featured valuations in the $1 billion to $1.1 billion range — and with… Read More
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Not only has Gjirafa developed an albanian search engine, which overcomes some of the complexities and uniqueness of the albanian language, but it is also tackling the region’s search engine chicken and egg problem: much of the information that users typically search for doesn’t yet exist online. Read More
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BuildDirect is an online marketplace for buying home improvement products. Today, the company is opening its platform to third-party sellers with the launch of its Home Marketplace. Unsurprisingly, selling heavyweight products like flooring and roofing materials online takes a very different approach to logistics than selling books. As BuildDirect’s co-founder and CEO Jeff Booth and its… Read More
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The 9th Annual Crunchies took place at the War Memorial Opera House in San Francisco last night. Host Chelsea Peretti had us laughing before our presenters came on stage to announce the winners of this year’s Crunchies. Follow along for some of the highlights of the show, including an operatic musical number, our favorite speeches and some of your social media posts. Read More
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SolarCity, which is down more than 50 percent over the past year, just released its Q4 2015 earnings. The market has reacted negatively, with the stock trading down about 30 percent after-hours at a price of around $17.50 per-share. While Q4 revenue of $115M and loss of $2.37 per share beat estimates of $111M in revenue and a loss of $2.59 per share, the company’s Q1 2016 forecast… Read More
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Twenty-First Century Fox, which invested $160M in DraftKings over the summer, has written down the investment by about 60 percent, according to its 10-Q filed today. Specifically, Fox noted that “based on information concerning DraftKings’ current valuation in a recent financing transaction, the Company determined that a portion of its investment in DraftKings was impaired and… Read More
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