Month: June 2017

Redfin, the popular real estate listings site, has filed for IPO. The Seattle-based company unveiled its filing, suggesting that it will raise $100 million, a placeholder that is subject to change. The timing of the filing implies that Redfin is likely to debut in late July or early August. Because of the JOBS Act, most
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As impact investing gains traction in the market, a new accelerator for tech nonprofits called Fast Forward has raised $2.2 million in philanthropic funding from the nonprofit arms of some of the world’s largest companies and financial services firms. BlackRock, Google.org, Comcast NBCUniversal, and AT&T joined Zendesk, Twilio.org, Hewlett Packard Enterprise, the Nasiri and Rita Allen Foundations
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Facebook’s task is unenviable. Two billion people, all yammering on about literally everything in the world. And hidden in that unending torrent are an unknown number of abhorrent, hateful utterances that would be better off unuttered. But the method Facebook has applied to this problem, a tangled system of ethical arithmetic revealed in a report
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Cabin recently announced it had secured $3.3 million in seed financing for its sleeper-car buses. (I’ll explain that concept in a minute.) The funding was led by Founders Fund’s FF Angel, with participation from half a dozen other investors. This new round of funding will enable Cabin to expand its overnight transportation services regionally and
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Imagine sportswear that not only stays dry through the most sweat-inducing workouts, but also turns perspiration into a design element. Named after the driest desert in the world, Atacama uses microfluidic technology to create textiles that can do just that. The recipient of a grant from the National Science Foundation, Atacama is also exploring how
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iPhone 4 (2010): Eye candy The iPhone 4 focused on looks — and how! It’s a shame our first encounter with it was the infamous lost-in-a-bar unit, because the 4 really was an incredible jump in both quality of design and technology. It would have been exciting to have it revealed with Jobs’s showmanship. At any
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Facebook recently came under fire for allegedly targeting at-risk youth in Australia. A 23-page leaked document details the power of the company’s algorithms to approximate the emotional state of users as young as 14 years old by monitoring their interactions and uploaded content. Advertisers can then learn when users feel “worthless,” “silly,” “overwhelmed,” “nervous,” “defeated,”
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Abl Schools, a nearly two-year-old, San Francisco-based company that makes time and resource management software for middle schools and high schools, has raised $7.5 million in Series A funding. Rethink Education led the round, with participation from Sinovation Ventures and earlier backers Owl Ventures, Reach Capital and First Round Capital. The company, which had raised
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Steve Jobs called the first iPhone “magic.” It was a customary bit of showmanship from Apple’s late-founder, but a decade after that announcement, it’s difficult to overstate the profound impact the smartphone has had on the mobile industry. The first iPhone was met with cautious excitement by many in the press — after all, where
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Meal delivery business Blue Apron opened for trading at $10 per share on Thursday, significantly below the originally proposed range of $15 to $17. It’s also flat compared to the $10 they priced it at last night, meaning the IPO investors have yet to reap any gains. It also suggests that some investors and possibly
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In the nascent connected speaker market, consumers appear to be gravitating toward the more affordably priced Amazon Echo Dot, according to new e-commerce sales data released this morning by Adobe. However, Google’s decision to release its Echo competitor, Google Home, in November paid off well, the study found. During the 2016 holidays, Google Home was
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ClauseMatch CEO Evgeny Likhoded remembers what it used to be like to negotiate contracts. As a former employee of Morgan Stanley, and before that Gazprom, he was on teams that would negotiate contracts and agreements around financial products and the trading of physical commodities. While technology has evolved in many parts of the enterprise, Likhoded says
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