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Flying taxi startup Blade is helping Silicon Valley CEOs bypass traffic

One year after a $38 million Series B valued on-demand aviation startup Blade at $140 million, the company has begun taxiing the Bay Area’s elite. As part of a new pilot program, Blade has given 200 people in San Francisco and Silicon Valley exclusive access to its mobile app, allowing them to book helicopters, private jets and even seaplanes at a moments notice for $200 per seat, at least. Blade, backed by Lerer Hippeau, Airbus, former Google CEO Eric Schmidt and others, currently flies pass...
Tags: Startups, Transportation, Venture Capital, Airbus, American-Airlines, BLADE, California, Carsharing, Ceo, Commuting, Eric Schmidt, Executive, Google, India, Los Angeles, Mumbai


The CEO of Silicon Valley's favorite meal-replacement startup shares why he thinks the tide is shifting on genetic engineering

The CEO of Soylent, the startup behind Silicon Valley's favorite meal replacement shake, says he believes people are beginning to embrace foods made with genetic engineering. Soylent began publicizing its use of GMOs nearly four years ago, when anti-GMO rhetoric was at an all-time high. Now, "the pendulum is swinging in favor of the science," the CEO told Business Insider. America may run on Dunkin' Donuts coffee, but Silicon Valley runs on something else: Soylent, a meal-in-a-bottle that's m...


Bolt Founder Ben Einstein Leaves Hardware Tech VC Firm

Ben Einstein, co-founder and general partner of hardware-focused investor Bolt, says he has left the venture capital firm he started as his partner, Grace, enters chemotherapy for a cancer diagnosis.“Through this gut-wrenching experience, the things I enjoy doing and that give me energy are clearer than ever: I am a builder,” Einstein wrote in a post on Medium. “My life revolves around the process of creating new things; from hardware products and companies to relationships and community, my li...
Tags: Boston, Boston blog main, Boston top stories, National blog main, San Francisco blog main, San Francisco top stories, Ben Einstein, Bolt, Cancer, Chemotherapy, Desktop Metal, Hardware, Machine Metrics, RoboticsAI, San Francisco, Sense


The new CEO of Intuit says the rise of artificial intelligence will be as big a challenge as the company's shift to cloud computing (INTU)

Sasan Goodarzi stepped up as CEO of Intuit — the company behind products like Intuit and TurboTax — in January, replacing 11-year chief exec Brad Smith.  Smith gets a ton of credit from parties inside and outside Intuit for helping the company successfully navigate to a largely cloud-based, subscription-based software model.  To prepare to replace such a prominent figure, Goodarzi spent much of last year shadowing leaders like NFL legend Steve Young and Microsoft CEO Satya Nadella, trying to g...
Tags: Google, Amazon, Facebook, Microsoft, Washington Post, Satya Nadella, NFL, San Francisco, Trends, Smith, Intuit, Young, Stewart Butterfield, Joe Montana, Brad Smith, Hewlett Packard Enterprise


The CEO behind 'Fortnite' says the entire video game industry is missing the 'inevitable' trend as the barriers between consoles and smartphones get obliterated

Tim Sweeney, the CEO ofEpic Games, tells Business Insider that the success of "Fortnite" shows that there's no such thing as a "mobile gamer" or a "console gamer" anymore — there's just gamers.  That's a big part of why the company this week launched Epic Online Services, which will let video game developers easily create games that include cross-play across PCs, consoles, and smartphones.  Sweeney says that it's all based on tech that Epic came up with itself for "Fortnite," and indeed, the s...
Tags: Google, Amazon, Samsung, San Francisco, Trends, Epic, Sony, Epic Games, Sweeney, Tim Sweeney, Fortnite, Xbox One Nintendo, Sweeney Sweeney, Epic Games Store, Epic Online Services, Epic Online Services Notably


Fund managers skittish over Levi's long-term growth prospects

Levi Strauss & Co's is betting it can convince investors there is still plenty of global growth left for the 165-year old company, but fund managers fret the iconic blue jeans maker's stock may be too pricey to generate a decent return. The San Francisco-based company returned to the public markets Thursday for the first time since it went private through a leveraged buyout in 1985 with a stock debut that sold $587 million worth of shares and gave it a market value of mo
Tags: Money, San Francisco, businessNews, Levi Strauss, Levi


Rent the Runway is now reportedly a $1 billion company in its quest to become 'the Amazon Prime of rental'

Clothing rental service Rent the Runway announced Thursday that it had raised $125 million in a round of funding. The company is now valued at $1 billion.  According to The New York Times, Rent the Runway plans to use the funding to expand into more product categories and open a second distribution warehouse in Dallas and an 8,000-square-foot store in San Francisco. "Our goal is really to create the Amazon Prime of rental," CEO and cofounder Jennifer Hyman told The Times.  Renting is the ne...
Tags: Amazon, UK, San Francisco, Trends, Netflix, New York Times, The Times, Dallas, Victoria, Zara, American Eagle, Bain Capital Ventures, Zipcar, Runway, Marks Spencer, Express


Rent the Runway hits a $1 billion valuation

Rent the Runway just closed a $125 million led by Franklin Templeton Investments and Bain Capital Ventures. This round values the company at $1 billion. In total, Rent the Runway has raised $337 million in venture funding. “Shared, dynamic ownership is a movement that Rent the Runway has pioneered over the last decade and we’re excited to continue to lead the market and innovate our subscription service,” Rent the Runway CEO Jennifer Hyman said in a statement. Late last year, Rent the Runway ...
Tags: Startups, San Francisco, Tech, Bain Capital Ventures, Maureen Sullivan, Rent The Runway, Jennifer Hyman, Franklin Templeton Investments, Recent Funding


These are the 10 least innovative states in the U.S.

Innovation is often centered in the U.S. in big cities located on the coasts, such as Silicon Valley and New York. WalletHub recently compiled a ranking of the most innovative and least innovative states in the U.S., based on numerous metrics of human capital and innovation environment. These are the top 10 least innovative states, ranked out of 51 spots to include Washington D.C. The U.S. is often credited as one of the most innovative countries in the world, but that doesn't mean its innova...
Tags: New York, Washington, Kentucky, San Francisco, Trends, South Dakota, Nebraska, Silicon Valley, District Of Columbia, Midwest, WalletHub, New York WalletHub


These are the 10 most innovative states in the U.S.

Innovation is not just found at big tech companies operating out of California's Silicon Valley. WalletHub recently compiled a ranking of the most innovative and least innovative states in the U.S., based on numerous metrics of human capital and innovation environment. These are the top 10 most innovative states, ranked out of 51 spots to include D.C. The U.S. is often credited as one of the most innovative countries in the world, but that doesn't mean its innovation and technological pursuit...
Tags: Utah, New York, California, San Francisco, Trends, District Of Columbia, Delaware, WalletHub, Silicon Valley WalletHub, Oregon WalletHub


HoneyBook raises $28 mln led by Citi Ventures

San Francisco-based HoneyBook, provider of a financial and business management platform for freelancers, announced it has raised $28 million in a Series C round of funding. Citi Ventures led the round with participation from all existing investors, including Norwest Venture Partners and Aleph. The company, founded in 2013, previously raised a $22 million Series B round. Source: Company announcement
Tags: San Francisco, Trends, Citi Ventures, Norwest Venture Partners, VC Deals


Citi Ventures just led a $28 million round for a startup that helps freelancers manage their finances

Citigroup's investment arm led a $28 million funding round in a San Francisco-based software company that helps creative freelancers manage their finances.  The investment comes as more US workers are participating in the "gig economy," meaning they're outside contractors who don't rely on long-term, traditional employers.  The investment arm of Citigroup is backing a software company that's aimed at helping freelancers manage their bills and projects.  San Francisco-based HoneyBook has just ...
Tags: North Korea, US, San Francisco, Trends, Bureau of Labor Statistics, Citigroup, Citibank, Intuit, Citi Ventures, Shark Tank, Citi, Norwest Venture Partners, Kim Jong, Honeybook, Naama Alon


Ludlow Ventures raises $45m for third fund

Ludlow Ventures raised another $45 million to invest in young startups. The Detroit-based venture firm is today announcing it closed its third fund since the firm’s founding in 2010. Founding and managing partner Jonathon Triest tells TechCrunch the firm set out to raise another $45M and were immediately oversubscribed. Triest says Ludlow Ventures, with its two other partners of Brett deMarrais and Blake Robbins, are surfacing deals on the coasts before anyone else and is doing so from Detroi...
Tags: Startups, TC, California, Boston, New York City, San Francisco, Tech, States, Detroit, James Corden, Ludlow, Carpool Karaoke, Flagstaff, Ludlow Ventures, Jonathon Triest, Triest


LogRocket nabs $11M Series A to fix web application errors faster

Every time a visitor experiences an issue on your website, it’s going to have an impact on their impression of the company. That’s why companies want to resolve issues in a timely manner.  LogRocket, a Cambridge, MA startup, announced an $11 Million Series A investment today to give engineering and web development teams access to more precise information they need to fix issues faster. The round was led by Battery Ventures with participation from seed investor Matrix Partners. When combined with...
Tags: Startups, TC, Cloud, Developer, Boston, Funding, San Francisco, Tech, Bloomberg, Mit, Cambridge, Columbia, Battery Ventures, LogRocket, Web Application Troubleshooting, Matrix Partners When


A former Facebook executive raised $3.7 million to fund a game aiming to match the success of 'Pokémon Go'

Former Facebook employee Nikki Lannen has raised €3.3 million ($3.7 million) to fund the development of a new augmented-reality game at her startup WarDucks. The funding round was led venture capital firm EQT Ventures and will help get the new location-based game off the ground in 2020. Lannen left her job at Facebook in 2013 to launch WarDucks, which aims to make its titles "fun" rather than "super-realistic." Former Facebook executive Nikki Lannen has raised nearly $4 million to create a n...
Tags: Google, Facebook, Europe, North Korea, Samsung, San Francisco, Trends, Ireland, The Times, Dublin, Latin America, Kim Jong, Former Facebook, EQT Ventures, Nikki Lannen, Lannen


Ease raises $19 mln

Ease said March 19 that it raised $19 million in a Series B round led by Centana Growth Partners. Propel Venture Partners, Compound Ventures, Freestyle Capital and Upside Partnership participated in the round. Ease, of San Francisco, provides HR and benefits software for SMBs, insurance brokers and insurance carries. Ease first two hires are Petar Nedyalkov as chief operating officer and Toshi Kureha as vice president Engineering. PRESS RELEASE EaseCentral Announces $19 Million in Series B Fundi...
Tags: New York, San Francisco, Trends, Palo Alto, David, San Diego, West Coast, Humana, VC Deals, David Reid, Courtney Guertin, Centana Growth Partners, Centana, Eric Byunn Partner, Petar Nedyalkov, Toshi Kureha


Hot AI software startup Skymind used this pitch deck to raise $11.5 million

Skymind just closed an $11.5 million Series A funding round. The San Francisco-based company offers a set of software that helps companies build artificial intelligence systems. It plans to use the new funds to build out its sales team. The pitch deck it used to raise the new money is below. Artificial intelligence is probably the most important new development in the tech industry, but many companies are struggling to embrace it. Chris Nicholson thinks his startup can help. One of the things...
Tags: Softbank, San Francisco, Trends, Nicholson, Translink Capital, Skil, Chris Nicholson, Skymind, Skymind the San Francisco


New Funding for Workplace Software Firms Skedulo and Scope AR

Two young San Francisco companies on Wednesday announced fundraisings to bolster their online services aimed at improving workforce efficiency.—Skedulo, which helps managers schedule assignments for field service personnel, says it raised $28 million in a Series B funding round led by M12, Microsoft’s corporate venture arm. Joining in the round were previous investors Blackbird, a venture capital firm based near Sydney, Australia, and Palo Alto, CA-based Costanoa Ventures. M12 principal Priya S...
Tags: Deals, Startups, Mobile, Microsoft, Workplace, Internet, Entrepreneurship, Funding, San Francisco, Trends, Tech, Unilever, Web, It, Vc, Software


Here's a look inside credit card startup Brex's new member-only San Francisco lounge

Credit card startup Brex has opened a members-only lounge in San Francisco's South Park district to give cardholders a place to gather — whether that be to work, hold meetings, or socialize.  Dubbed the "Oval Room," the space feels like a homier version of a WeWork, with sectional couches instead of communal work tables. It's also far smaller than a typical co-working space, as it's located above of what used to be a neighborhood cafe.  "It's not about exclusivity," Brex co-founder Henrique Du...
Tags: South Park, New York City, San Francisco, Trends, Business Insider, Oval Office, Nicholas, South Park Cafe, Oval Room, Billy McFarland, Brex, Henrique Dubugras, Pedro Franceschi, Dubugras, Deon Nicholas, Brex s Oval Room


Founders Circle Capital is raising a second opportunities fund

Founders Circle Capital, a San Francisco, CA firm that buys secondary deals in late-stage companies, is raising a second opportunities fund according to a document with the SEC. The total offering size listed on the filing is indefinite. First sale was not yet reported. The firm previously has raised $403 million across two funds. Founders Circle has invested in startups like the Dollar Shave Club, Twilio and AppDynamics by purchasing stock from founders and employees of these companies. ...
Tags: San Francisco, Trends, Founders Circle Capital, SEC, Funds, Founders Circle


Lippert joins Bain & Co

Liz Lippert has joined Bain & Co. Lippert was previously a partner with The Parthenon Group. PRESS RELEASE LIZ LIPPERT, CONSUMER AND RETAIL EXPERT, JOINS BAIN & COMPANY’S GLOBAL PRIVATE EQUITY PRACTICE New York – March 21, 2019 – Bain & Company announced today that Liz Lippert, an expert in the consumer products and retail industries, has joined the firm’s global Private Equity practice. She is based in Bain & Company’s San Francisco office. Ms. Lippert has more than a decade of consulting exper...
Tags: New York, Americas, San Francisco, Trends, Walmart, People, Private Equity, Bain, Liz, Northwestern University, Bain Company, PE, Lippert, Kellogg School of Management, Bain amp ; Co, Liz Lippert


Uber expands its freight operations into Europe

SAN FRANCISCO (AP) — Ride-hailing giant Uber is expanding its freight business into Europe. The service connects trucking companies with shippers who have loads to haul. Uber said Wednesday it would launch freight operations in the Netherlands and would later expand into other parts of Europe. Lior Ron, head of Uber Freight, says there’s a […]
Tags: Uber, Europe, Business, News, San Francisco, Ap, Netherlands, Lior Ron


Hoverman joins Bain & Co

David Hoverman has joined Bain & Co as a partner in its private equity practice. Previously, Hoverman was the San Francisco office head and a member of the private equity practice at Parthenon. PRESS RELEASE MEDIA AND TECHNOLOGY EXPERT, DAVID HOVERMAN, JOINS BAIN & COMPANY’S GLOBAL PRIVATE EQUITY PRACTICE New York – March 21, 2019 – Bain & Company announced today that David Hoverman has joined the firm as a partner in its Private Equity practice, where he will focus on media and technology compa...
Tags: New York, Americas, San Francisco, Trends, People, David, Parthenon, Private Equity, Bain, Dartmouth College, Bain Company, PE, Tuck School of Business, Bain Co, Bain amp ; Co, National Writing Project


Abstract raises $20 mln

Abstract said March 20 that it raised $30 million in Series C funding led by Lightspeed Venture Partners. Existing investors Scale Venture Partners, Amplify Partners, and Cowboy Ventures participated in the round. Abstract provides a design workflow platform that supports modern product design teams. PRESS RELEASE SAN FRANCISCO, March 20, 2019 /PRNewswire/ — Abstract, the git-enabled design workflow platform that already supports thousands of modern product design teams, has raised $30M in Serie...
Tags: San Francisco, Trends, Lightspeed Venture Partners, Lightspeed, Opentable, SAML, VC Deals, Josh Brewer, Nakul Mandan, Josh Kevin, Lightspeed Venture Partners Existing, Nakul Mandan Partner, Kellen Mannion


Insight Venture Partners invests in PDI

PDI said March 20 that Insight Venture Partners has invested in the company. Genstar and TA Associates will both retain minority stakes. Financial terms weren’t announced. PDI, of Atlanta, provides enterprise software to the convenience retail, wholesale petroleum and logistics industries. PRESS RELEASE ATLANTA, March 20, 2019 – PDI, a leading global provider of enterprise software solutions to the convenience retail, wholesale petroleum and logistics industries, announced today an investment by...
Tags: Hong Kong, San Francisco, Trends, Tech, Atlanta, ERP, Insight Venture Partners, Ta, PDI, PE Deals, Genstar Capital, Genstar, TA Associates, Deven Parekh, TA Associates TA Associates, Boston Menlo Park London Mumbai


Iterable raises $50 mln

Iterable said March 20 that it raised $50 million in Series C funding. Blue Cloud Ventures, CRV, Harmony Partners, Index Ventures and Stereo Capital participated in the round. Iterable is a growth marketing platform for cross-channel customer engagement. PRESS RELEASE Series C investment builds on Iterable’s cross-channel capabilities that engage over 2 billion consumers of leading brands SAN FRANCISCO, March 20, 2019 /PRNewswire/ — Iterable, the leading growth marketing platform for cross-chann...
Tags: Amazon, San Francisco, Trends, VC Deals, Forrester Consulting, Blue Cloud Ventures, Iterable, Justin Zhu, CRV Harmony Partners Index Ventures, Rami Rahal, Iterable Marketers, Blue Cloud Ventures Index Ventures CRV


Iterable lands $50M Series C investment to expand cross-channel marketing platform

Iterable, a startup that helps companies build complex marketing campaigns across channels to reduce churn and increase usage, announced a $50 million Series C round today. Investors include Blue Cloud Ventures, CRV, Harmony Partners, Index Ventures and Stereo Capital. Today’s investment brings the total raised to $80 million. Company co-founder and CEO Justin Zhu says the Iterable platform captures a constant stream of data from consumers from a variety of sources to give marketers the abili...
Tags: Startups, Asia, Europe, Enterprise, Funding, New York City, San Francisco, Tech, Zillow, Denver, Digital Marketing, Zhu, Iterable, Justin Zhu, CRV Harmony Partners Index Ventures, Box DoorDash


A Comprehensive Guide to Due Diligence Issues in Mergers and Acquisitions

By Richard D. Harroch, David A. Lipkin, Richard V. Smith, and John Cook Mergers and acquisitions typically involve a significant amount of due diligence by the buyer. Before committing to the transaction, the buyer will want to ensure that it knows what it is buying, what obligations it is assuming, the nature and extent of the seller’s contingent liabilities, problematic contracts, litigation risks, intellectual property issues, and much more. This is particularly true in private company acquis...
Tags: Organization, Sales, America, San Francisco, ISO, David, Xerox, Silicon Valley, Epa, John, Department Of Justice, Richard, Wall Street Journal, Irs, San Francisco Bay Area, Orrick Herrington Sutcliffe


Morrissey named CFO of SigFig

SigFig said March 20 that Anne Morrissey was named CFO. Morrissey has nearly a decade of financial services experience with JPMorgan Chase & Co and Salomon Smith Barney, while also working at Fitbit and LeapFrog, as well as Yahoo!‘s investor relations division. PRESS RELEASE SAN FRANCISCO, March 20, 2019 /PRNewswire/ — SigFig, a technology company helping to reimagine customer experiences in financial services, today announced the appointment of finance and technology veteran Anne Morrisseyto th...
Tags: Yahoo, San Francisco, Trends, People, Fitbit, Morrissey, Anne, San Francisco California, Mike, JPMorgan Chase Co, Nyca Partners, SigFig, Salomon Smith Barney, Mike Sha, Anne Morrisseyto, SigFig Anne


Morrisseyto named CFO of SigFig

SigFig said March 20 that Anne Morrisseyto was named CFO. Morrisseyto has nearly a decade of financial services experience with JPMorgan Chase & Co and Salomon Smith Barney, while also working at Fitbit and LeapFrog, as well as Yahoo!‘s investor relations division. PRESS RELEASE SAN FRANCISCO, March 20, 2019 /PRNewswire/ — SigFig, a technology company helping to reimagine customer experiences in financial services, today announced the appointment of finance and technology veteran Anne Morrisseyt...
Tags: Yahoo, San Francisco, Trends, People, Fitbit, Morrissey, Anne, San Francisco California, Mike, JPMorgan Chase Co, Nyca Partners, SigFig, Salomon Smith Barney, Mike Sha, Morrisseyto, Anne Morrisseyto



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