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After an eventful (and sometimes challenging) year for Soylent, co-founder Rob Rhinehart announced today that he will resign as the meal replacement shake company’s chief executive officer. That position will be taken over by Bryan Crowley, the president of Soylent’s parent company Rosa Foods. In his post, Rhinehart said that since Soylent is no longer
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Nextdoor, the neighborhood social networking site raised about $75 million in a funding round, The Information reported, estimating that the valuation is $1.5 billion. The round was confirmed by TechCrunch. This adds to the over $200 million that the San Francisco-based company has raised, dating back to 2010. Its last reported round was in early 2015
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Affirm, the platform that helps consumers find financing, is getting some financing of its own. The San Francisco-based company confirmed that it’s raising $200 million, led by GIC, a Singaporean sovereign wealth fund. Existing investors Khosla Ventures and Spark Capital are also participating. Affirm’s valuation is estimated to be between $1.5 billion and $2 billion,
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Instagram made a big hire last week when it brought on board Ameet Ranadive, Twitter’s former VP of revenue product. At Instagram, Ranadive is working as director of product overseeing the Wellbeing team, “which helps promote positive behavior on Instagram and protects the community from bad behavior and content,” he posted on Twitter on Friday.
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The city of Paris’ officials told the AFP that they have asked Airbnb and competing platforms to comply with new regulation. The Mayor’s Office has flagged around 1,000 apartments that are not registered with the city. Since December 1st, you have to register your apartment with the city if you want to list it on
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In the year 2020, when the Earth is overrun by aliens, it will be mandated by the Galactic Council of Extraterrestrial Life that all children must walk around with 3D-printing backpacks. Why not get a head start with the MakeX Migo backpack that lets you carry your ultra-small 3D printer anywhere you need to go?
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Researcher Michael Myng found a deactivated keylogger in a piece of software found on over 460 HP laptop models. A full list of affected laptops is here. The keylogger is deactivated by default but could represent a privacy concern if an attacker has physical access to the computer. “Some time ago someone asked me if
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That didn’t toque too long! The Boring Company has now sold 30,000 hats to fund its hole-some mission, founder Elon Musk tweeted today. That’s double the sales Musk announced just three weeks ago. Production will be capped at 50,000 hats, so if the current momentum doesn’t fez out, trilby all gone soon. Over 30,000 hats
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Lumoid, a tech gear rental startup is no longer in business and its founder Aarthi Ramamurthy is moving on to Facebook. The startup launched as just a “crazy idea,” when it came out of Y Combinator four and half years ago, Ramamurthy wrote on a Facebook post this weekend announcing the shut down. Lumoid went on
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Although U.S. businesses may be poised for massive tax reductions, most tech startups have little immediate reason to celebrate. After all, the vast majority are unprofitable. So cutting the corporate income tax rate from 35 percent to 20 percent, as Congress has opted to do, has zero effect on their near-term finances. That said, what
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