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Trump’s immigration order sends ripples of dismay through UK tech community
Reactions to President Trump’s executive order placing a three-month ban on entry to the U.S. from seven majority Muslim countries have been rippling out across the Atlantic over the past 48 hours — with figures from the U.K. tech industry adding their voices to a general chorus of dismay. Read More
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Elon Musk actually believes Rex Tillerson could be an “excellent” Secretary of State
Tesla and SpaceX CEO met with Donald Trump on Monday, and just a day later, he’s expressing optimism about Trump’s choice for Secretary of State, former ExxonMobil CEO Rex Tillerson. On the surface, you’d be forgiven for assuming that Tillerson as Secretary of State would be at odds with Musk’s worldview, given the former’s 40+ years of service at a company… Read More
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Tesla to build Model 3 motors and gearboxes at its Gigafactory
Tesla will be making electric motors and gearboxes at its Nevada Gigafactory, in addition to batteries. The news comes from Nevada governor Brian Sandoval, who discussed that additional manufacturing plans for the Gigafactory during a policy speech on Tuesday.
The Gigafactory, which officially opened for business last year, is a massive facility with a $5 billion price tag, a solar-power… Read More
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Early stage VC holds up (even as late stage plunges)
Venture capital investment has slowed in the third quarter, but estimates reliant on data available at quarters’ end overstate the extent of early stage declines. According to projected funding totals from Crunchbase, early stage investment in U.S. startups held up at historically high levels in the third quarter. Seed, venture capital and strategic investors are on pace to invest… Read More
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China overtakes the U.S. in iOS App Store revenue
China has now overtaken the U.S. to become the largest market in the world for App Store revenue, according to a new report out this morning from app intelligence firm App Annie. The country earned over $1.7 billion in Q3 2016, which puts it ahead of the U.S. by over 15 percent. The U.S. had been the number one iOS market since 2010, the report notes. Today, Chinese consumers spend more than… Read More
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Furlenco’s $30 million raise shows furniture rental is working for Indian millennials
The idea of ownership in the American economy has changed so much in recent years that it’s easy to forget the once high level of importance placed on it. If we think back, most of us can remember at-least one conversation with our parents about Uber or Airbnb that resulted in a lecture about the dangers of using other people’s things. Ajith Mohan Karimpana, the founder and CEO… Read More
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Samsung offers U.S. Note 7 owners $100 to buy another Samsung
After the flaming disaster of the defective Galaxy Note 7, which earlier this week drove Samsung to nix production of the device for good, the South Korean electronics giant is upping its damage limitation strategy by offering a larger credit note for consumers who do not abandon its brand. Read More
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Newly proposed rules for foreign entrepreneurs will help some, but not all, found U.S. startups
The U.S. Citizenship and Immigration Services, an office under the Department of Homeland Security, put forward a proposal today that would allow the U.S. Government to offer parole (temporary permission to be in the country) to foreign entrepreneurs starting their businesses in the United States. The proposal specifies that a founder can qualify if they started a company in the U.S. in… Read More
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Pew’s 2016 news media report is a tough read for journalism
The Pew Research Center’s latest annual State of the News Media report underlines how successful technology giants continue to be at creaming off digital ad profits, even as traditional news media faces ever intensifying pressure to find a way to sustainably fund journalism. Read More
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Here are the 59 startups that demoed at Y Combinator Winter ’16 Demo Day 2
“Food, housing, healthcare, transportation. Life essentials made better and more affordable.” These are the types of startups that partner Paul Buchheit said were demoing today at Y Combinator’s Winter 2016 Demo Day 2. Yesterday, we covered the first 60 startups from the batch, and picked our 7 favorites. Plus, check out our picks for the top 8 startups from these 59.… Read More
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