Startups

Khosla-backed one drop blood test startup Genalyte has hired former Facebook exec Kevin Lo as president of the company. Lo comes to Genalyte after leading “connectivity efforts” at Facebook “for the four billion people not online, and the 1.5B under-served who use the Internet at ‘2G’ speeds,” according to his LinkedIn profile. Before that, Lo
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The unbundling of the cable media empire is well underway, as players like Netflix grow and others like Hulu and YouTube offer live TV service. YouTube TV, in particular, is executing an aggressive rollout, just yesterday making the service available to another 34 markets. That brings us to a total of 83 U.S. markets in
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Last month San Francisco-based Bitwise Investments announced a passively managed index fund comprised of the top 10 cryptocurrencies by market capitalization. The fund rebalances once a month, and all assets are held in cold storage. Essentially its an easy way for investors to gain some passive exposure to cryptocurrency without having to worry about which
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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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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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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
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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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Uber has settled its lawsuit with a woman (Jane Doe) who accused its now-former CEO Travis Kalanick, president of business in Asia Eric Alexander and SVP of business Emil Michael of improperly obtaining her medical records after she was raped by an Uber driver in Delhi, India. “A settlement has been reached and the Parties
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Bitcoin’s price has risen stratospherically, a fact that leaves many minor players in the market with massive gains and many bigger players millionaires. But is this a bubble? Are the gains real? And are the bitcoin whales in for a sad Christmas? First we must understand what drives bitcoin price and, in particular, this boom.
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Burrow, a startup bringing a Casper-style approach to manufacturing and delivering sofas, is announcing that it has raised $4.3 million in seed funding. This might not sound like the most obvious area for a startup to tackle — unless you’ve had the experience of trying to carry a couch up a twisty flight of stairs,
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Historically, financial organizations have watched forlornly through the front window while startups have adopted new and cool tools like Slack, Twitter, and Convo. Now they can join in the fun with something called Echofin. You can imagine the product as a sort of hyper-powered Slack for financial groups. Users can message each other and view
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Earlier this year, Syte.ai, which develops visual search technology for fashion brands, raised $8 million from investors including top Asian tech firms NHN, Line Corp. and Naver. Now it’s unveiling a new API that makes adding visual search accessible to more e-commerce sites. Called Visual Search for All, the white-label feature can be integrated into
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It’s been a bad few months for internet freedom in China (and really a bad few decades, but who is counting?). The government brought into force a broad-ranging “cybersecurity law” earlier this year that empowers Beijing to take unilateral control over critical internet infrastructure, while also mandating that foreign companies keep all citizen data local
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Viola, the Israel-based technology investment group, is launching new independent VC fund targeting fintech startups from anywhere in the world. Dubbed Viola FinTech, the “cross-stage venture fund” has an initial closing of $100 million but will extend that towards $120-150 million. It is backed by global banks, insurance companies and asset managers from North America,
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