economy
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AWS Snowball Edge offers 100TB of storage and compute functionality
Amazon’s popular Snowball storage container got a major update today at the company’s re:invent conference. Though largely overshadowed by the new batshit crazy AWS Snowmobile, the aforementioned Snowball will be getting a storage increase to 100 terabytes in addition to computing functionality. Users of the new Snowball Edge will be able to perform basic analysis on their data… Read More
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Lab-made meat startup Memphis Meats hopes to grow a Thanksgiving turkey
Memphis Meats sizzled onto the startup stage earlier this year with a lab-grown meatball. Now, it’s entertaining the idea of growing other meats — including turkey. The startup has created an Indiegogo campaign to save some of the nearly 50 million birds from the slaughter each Thanksgiving by educating the public on what meat of the future could look and taste like. While I am… Read More
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New LIDAR package makes it easier to add smarts to your smart car
Osram Opto Semiconductors has announced the availability of a LIDAR package – essentially the spinning laser array found on self-driving and mapping vehicles – that costs $5 and works as well as $70,000 tower systems and hockey-puck sized $8,000 systems. This mini-LIDAR has four laser diodes connected together to ensure accuracy without tuning. The kit also includes tiny mirrors… Read More
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Contrary to reports, Grubhub CEO never called for Trump voters to resign
Emotions remain high as the country closes out its second day with a President-elect Donald Trump. Startup founders are struggling to instill confidence among employees that the culture of openness at their companies will not be affected by a President Trump. Unfortunately, some media outlets aren’t helping. Earlier this evening, Fox news published that Grubhub CEO Matt Maloney had… Read More
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Cross River Bank gets unconventional validation with a $28M VC round
In a rare move, Battery Ventures, Andreessen Horowitz and Ribbit Capital, investors in a number of Silicon Valley’s fintech startups, have backed the bank enabling many of their investments to lurch forward. Cross River Bank, the obscure financial institution that seemingly everyone in fintech has heard of but doesn’t really know, originated more than $2.4 billion in loans for… Read More
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Talking diversity, going global at the TC Meetup + Pitch-off in Seoul
You might have already read about our forthcoming TC Meetup + Pitch-off in Seoul next week. But what you might not know is that we’re integrating more content into the program so you can hear from some of the most intelligent minds in the industry. As per usual, we’ll be holding the TC Pitch-off, where 10 companies will have exactly 60 seconds to pitch their wares to a panel of… Read More
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Joy raises $2.5M for its interactive photo frame
Joy, hardware startup and resident positive emotion, today announced the launch of its first product, the Joy Album — an interactive photo frame designed from the ground up. Joy has raised $2.5 million in seed funding from investors including Obvious Ventures, The Chernin Group, BoxGroup, and Maywic Select Investments. At first glance, the tablet-like device seems to have a lot… Read More
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Levchin’s Affirm secures $100M credit line from Morgan Stanley
This morning, fintech startup Affirm announced a new $100 million credit line from Morgan Stanley. The money will go directly to supporting the company’s current financial products that help customers purchase goods and spread their expenses over a period of time. Morgan Stanley is not the first institutional lender to issue a line of credit to the company. In May of 2015, Affirm closed… Read More
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Airbnb files $555M round with the SEC led by Google Capital and TCV
Airbnb formally filed a Form D with the Securities and Exchange Commission this afternoon announcing that it had raised $555,462,180 in an equity deal. Last month, TechCrunch independently verified that Airbnb had filed a 28-page document with the State of Delaware indicating that it had intentions to raise additional late-stage capital. At the time, Equidate speculated that the company… Read More
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Kickstarter is breaking down assumptions about where innovation can occur
While it’s easy to point to products like the Pebble Smart Watch as a sign that crowdfunding sites like Kickstarter are gaining ground against traditional institutional financiers and angels, the reality is that the vast majority of projects were never in the sights of Sand Hill Road. Rather, Kickstarter is illustrating that all it takes to sustain innovation outside of Silicon Valley… Read More
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