SoundCloud will soon collapse if investors don’t vote for a rescue funding round tomorrow. The stumbling music streaming community site had to suddenly lay off 40 percent of its staff last month. Now it’s asking investors for $169.5 million at a pre-money enterprise valuation of just $150 million, according to Axios‘ reliable business editor Dan Primack. That’s
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Filecoin, the much-anticipated cryptocurrency that will eventually power a distributed file storage system, is opening its ICO today at 12pm PT / 3pm ET today. Last week Filecoin concluded a much talked about “advisor” sale that brought in a total of $52M from ~150 investors including Sequoia Capital, Andreessen Horowitz, Union Square Ventures, Winklevoss Capital
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Things are not going so well for Blue Apron this morning after reporting its second-quarter earnings (its first earnings report ever), and the stock is crashing as a result of it. The company’s stock is down more than 14 percent on the earnings report, which came in pretty mixed compared to what Wall Street wanted.
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Interest in blockchains is at an all-time high, but there are still plenty of technical issues to solve, especially for enterprises that want to adopt this technology for smart contracts and other use cases. For them, issues like throughput, latency, governance and confidentiality are still major stumbling blocks for using blockchains. With its new Coco
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Glint, a stealthy London fintech startup that promises a new “global currency,” has raised £3.1 million from a plethora of individual backers in the financial services and asset management space, alongside early-stage investor Bray Capital. They comprise Haruko Fukuda, former CEO of the World Gold Council and NED of Investec Bank; Oliver Bolitho, formerly Chairman
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Nextdoor, the social media platform for neighborhoods, is rolling out a real estate listings feature, showcasing housing for sale in local communities. The idea is to formalize behavior that’s been happening organically, suggests CEO Nirav Tolia. “These real estate conversations are already happening,” he said, so Nextdoor wanted to devote a section to it.  
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When AWS today became a full-fledged member of the container standards body, the Cloud Native Computing Foundation, it represented a significant milestone. By joining Google, IBM, Microsoft, Red Hat and just about every company that matters in the space, AWS has acknowledged that when it comes to container management, standards matter. AWS has been known
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Subscription streaming service Seeso will be shutting down later this year. The NBCUniversal-owned service made the announcement today on Facebook. It was revealed earlier that several Seeso originals, including HarmonQuest and My Brother My Brother and Me, will be moving to Vrv, a gamer- and geek-focused streaming video service from digital media company Ellation. (Ellation PR would
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Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor: For the average American, the name “SoftBank” doesn’t mean much. It’s neither soft nor, technically, a bank. It’s a sprawling Japanese mobile carrier, internet service provider and holding company for other businesses ranging from cloud services and self-driving cars to energy trading. And
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Curbside, a startup powering same-day shopping experiences for traditional brick-and-mortar retailers, including CVS, is today announcing a new partnership with Yelp that will allow consumers to shop in Yelp’s app, then pick up their items locally. For shoppers, the idea is that they’ll be able to browse area businesses’ products and promotions in Yelp, then
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