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Assured Labor Raises $6.75M, Has Connected Workers With 100K Jobs In Latin America’s Informal Sector
Long before LinkedIn went public or before a plethora of on-demand startups began washing the Bay Area and other U.S. cities with services at the click of a button, there was this startup from an MIT grad called Assured Labor. David Reich started the company in 2008 to make informal labor markets in Latin America faster and more transparent for low-skilled workers. It was a social enterprise… Read More
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A Conversation With DemocracyOS, The YC Non-Profit That Built A Latin American Political Party
One of the stranger things that Y Combinator has supported — among the many more interesting things they’ve started to back like prosthetic legs, macrobiotic research and Uber-for-marijuana startups — is a non-profit that built an entire political party in Buenos Aires, Argentina. DemocracyOS is a software platform that allows regular voters to debate and forward policy ideas.… Read More
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Thiel Fellow Raises $25M For OYO Rooms, A Network of Branded Budget Hotels in India
In the largest funding round to date for a Thiel Fellow project, Ritesh Agarwal has raised $25 million from Lightspeed, Sequoia and others to build a branded budget hotel network across India. Called OYO Rooms, the company partners with property owners across India and makes sure that their facilities meet a baseline of requirements from linen quality to breakfast to Internet access for… Read More
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As Internal Threats Rise, Investors Back New Security Tech
Amid this steady drumbeat of technology breaches and security snafus, venture capitalists have spent roughly $6.5 billion on new technologies to combat this menace, according to CrunchBase data. The latest company to benefit from this deluge of dollars, and the one that addresses the issue of bad actors inside corporate networks most directly, is HyTrust, which closed on $25 million. Read More
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YC-Backed Industrial Microbes Is Engineering Bacteria To Produce Chemicals From Natural Gases
The trio of synthetic biologists behind Industrial Microbes, a new East Bay-based startup backed by Y Combinator, have had years of experience in working with biofuels. They met at LS9, a biofuels startup that took more than $80 million of venture investment through the height of the cleantech wave and sought to create fuels from specially engineered bacteria. From a venture perspective, LS9… Read More
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Spayce Takes On Yik Yak With A Location-Based Social App For Sharing “Moments,” Not Gossip
While popular location-based social app Yik Yak struggles amid controversy and on-campus bannings, a newcomer called Spayce is gearing up to compete with its own take on local social networking. Its few-weeks-old app forgoes anonymity by default, and instead encourages community members to share their photo and video “memories” happening around a given location, whether that’s… Read More
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Ericsson Sues Apple Over Patent Licensing, Seeks To Block iPhone And iPad Sales
Ericsson, the pioneering wireless technology company that holds many patents related to cellular network connectivity, has filed suit against Apple both with the International Trade Commission (ITC) and the U.S. District Court for the Eastern District of Texas, claiming violation of 41 patents that apply to both the iPhone and iPad. These include essential patents related to 2G and LTE tech,… Read More
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Up Close With Coinbase Exchange
It’s been a few days since Coinbase launched its official Exchange, a dashboard for active bitcoin traders that lets you buy and sell based on real-time pricing. I thought I’d sit down and put it through its paces and see just how usable this tool was for the average BTC fan, as well as folks who might want to add BTC to their trading regimen. Read More
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