Start Up Tweets

GeekWire

Seattle adding $1 million neighborhoods at a blistering rate, putting city among top U.S. markets
Posted on Thursday August 17, 2017

Seattle
The Seattle area’s soaring home prices are putting the city and its surrounding neighborhoods in exclusive company when it comes to pricey housing in the United States. A new analysis from Zillow, the Seattle-based real estate technology company, found that Seattle is among cities with the highest number of $1 million neighborhoods. Zillow found that nearly one in 20 residential ZIP codes in the U.S. meet that definition, and that there are a total of 1,280 neighborhoods in the country where at least 10 percent of the homes are worth seven figures. Zillow also said that 346 neighborhoods have been… Read More

VC fundraising on pace to exceed $40B for 4th consecutive year in North America and Europe
Posted on Thursday August 17, 2017


Venture capital firms certainly have no shortage of cash to invest in startups. PitchBook released its 2017 PE and VC Fundraising report today for North America and Europe. Through July, $27.5 billion has been raised across 165 firms as venture fundraising is on pace to exceed $40 billion for the fourth consecutive year. It’s also approaching the record $51 billion raised last year. While funds are increasing in average and median size, the number of overall funds is decreasing year-over-year, PitchBook noted. But the decline is being offset by huge funds like NEA’s $3.3 billion New Enterprise Associates 16, the… Read More

RealNetworks teams up with Chinese broadcaster CIBN to strengthen streaming offerings
Posted on Thursday August 17, 2017


Seattle-based RealNetworks has struck a deal with CIBN Oriental Network to help the Chinese broadcaster enhance its TV and mobile video streaming capabilities. CIBN is one of seven networks in the restrictive Chinese market licensed to distribute media over the internet instead of through a cable provider, similar to a service like Netflix or Amazon Prime Video. Using RealNetworks’ RealMedia HD video codec, CIBN will be able to speed up its streaming service while reducing data costs and storage requirements and providing higher image quality, the companies say. “Applying RealNetworks’ innovative technology into our platform helps build a customized and localized… Read More

Simple lays off 33 employees as top executives depart banking company
Posted on Thursday August 17, 2017


Simple is cutting staff as it shifts its focus to building better technology. The Portland-based company slashed about 10 percent of its staff on Wednesday, including several executives, according to The Oregonian. The Oregonian noted that Simple’s chief marketing officer, chief people officer, vice president of operations, and vice president of engineering were all let go. Michelle Broderick, Simple’s CMO for the past two years, was one of 20 staffers who recently began working out of a new office in Seattle. We’ve followed up with Simple in regard to impact on the Seattle office and will update this post when we… Read More

More bikes?! How the latest entrants in Seattle’s crowded bike-share market plan to compete
Posted on Thursday August 17, 2017


Seattle has been inundated by thousands of neon bicycles since Spin and LimeBike launched in late July — and it’s just the beginning. Two more companies have filed for permits to operate in Seattle, one of which is rolling out its fleet of stationless, shareable bikes this week. In interviews with GeekWire, executives with Ofo and VBikes say they think there’s room for two more bike sharing companies on Seattle streets. Tomorrow, Ofo is will beginning a gradual rollout of the 1,000 bicycles that Seattle regulations currently permit each company to operate. VBikes is also planning a Seattle launch, though it has not yet… Read More

Cloudflare drops protection of Daily Stormer as tech fallout from Charlottesville continues
Posted on Thursday August 17, 2017


Two days after it tried to have it both ways by keeping the Daily Stormer as a client, Cloudflare has reversed course and pulled its services, which protect websites against denial-of-service attacks. Cloudflare CEO Matthew Prince told The Verge that he decided to end its association with the neo-Nazi site after realizing that supports of that site’s hateful ideology were starting to consider Cloudflare an ally to their cause. After a woman protesting a white supremacist march in Charlottesville, Va. was killed by a white supremacist on Saturday, the Daily Stormer published a demeaning article about the victim, and that… Read More

Trump supporters converge on Seattle’s Lenin statue, shout ‘tear it down’ and debate passersby
Posted on Thursday August 17, 2017


A handful of self-described supporters of President Donald Trump converged on Seattle’s Fremont neighborhood Wednesday to call for the removal of a statue of Russian Communist revolutionary leader Vladimir Lenin that has stood in the neighborhood for 22 years. Protesters Wednesday wore Make America Great Again hats and held signs that said “Lenin = Hitler,” “100 Million Dead” and “Alt-Left Hate,” and they chanted slogans such as “Shame on Seattle,” “Tear hate down,” and “Genocide is not a joke” at passing cars and people grabbing lunch in the arty, tech-heavy neighborhood. Fremont is home to offices of such tech companies as Google,… Read More

Omeros looks to raise $70M in stock offering to fuel drug development pipeline
Posted on Thursday August 17, 2017


The Omeros Corporation, one of Seattle’s biggest biotech companies, is looking to raise approximately $70 million in a follow-on public stock offering. The company is offering 3 million shares at $22.75 per share. The funds will help the company continue development of OMS721, an antibody-based small molecule drug that is being studied as a treatment for immune system disorders. That drug is approaching the end of its clinical trials, and will likely be submitted to the FDA for approval soon, a process that the new funds will support. The company also has a handful of other drugs in its pipeline, including ones aimed… Read More

Microsoft President Brad Smith goes back to school to surprise math student who wrote him a letter
Posted on Thursday August 17, 2017

Brad Smith and student
When Fernley, Nev., middle school student Sky Yi was assigned to write a letter to a favorite business, to learn how math is being used in the real world, he chose Microsoft. “Of course, I picked Microsoft, since you guys manufacture every spoiled, squeaky little teener child’s favorite thing, the Xbox,” Yi wrote in his letter to Brad Smith, the company’s president and chief legal officer. “Also, you guys have awesome computer software and hardware. In fact, I’m typing this on Microsoft Word.” He added, “I bet whoever is getting this letter, whether it be your secretary or whatnot, is… Read More

Amid outcry, Trump disbands two business councils – but tech is a separate issue
Posted on Thursday August 17, 2017

Trump Strategic and Policy Forum
President Donald Trump says he’s disbanding two of his business advisory councils, focusing on manufacturing as well as strategy and policy. The move comes amid a wave of criticism and resignations sparked by last weekend’s deadly violence at a white nationalist rally in Charlottesville, Va. The Strategic and Policy Forum reportedly decided to disband today even before Trump’s announcement, which was issued via Twitter: Rather than putting pressure on the businesspeople of the Manufacturing Council & Strategy & Policy Forum, I am ending both. Thank you all! — Donald J. Trump (@realDonaldTrump) August 16, 2017 Some of the business leaders… Read More

Start Up Tweets

TechStory

SoftBank to Invest $200 Million in Logistics Startup Rivigo
Posted on Thursday August 17, 2017

 17 August 2017, India: Japanese conglomerate Softbank is eyeing logistics industry as it is set to infuse $200 Million in Gurgaon-based logistics startup Rivigo. The investment, if it goes through, could value the three-year-old company at nearly $1 billion, one of them said, while another pegged the potential funding at $200-400 million. These people declined […]

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Bitcoin Prices at Record $4393, 4x from Last Year
Posted on Thursday August 17, 2017

17 August 2017, India: The world’s most popular cryptocurrency Bitcoin has crossed $4,000 mark and is all set to cross $5,000 mark by end of this month. Markets hit a high of $4,418, according to the BPI, and at press time are currently trading at an average of $4,393.27. Bitcoin prices have got a lift […]

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Headstart Ahmedabad Presents Startup Saturday – Scaling Up The Franchise Business
Posted on Thursday August 17, 2017

Your new venture is catching fire and you need to ramp up operations quickly to handle demand. Where should you look for pointers? Try McDonald’s, Burger King or Wendy’s. The Start-Up Genome Project analyzed thousands of high tech start-ups and found that successful companies progressed through four predictable phases. Dubbed the “Marmer Stages,” each involved […]

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Government Puts a Tab on Chinese Phones- Vivo, Oppo, Xiaomi Over Data Privacy
Posted on Thursday August 17, 2017

17 August 2017, India: The government has asked all smartphone manufacturing companies, majority of them are Chinese, to outline the procedures and processes adopted by them to ensure security and privacy of users’ data as per the report by The Mint. As many as 21 phone makers, including leading Chinese brands Vivo, Oppo, Xiaomi and […]

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Uber Ropes in Brooks Entwistle- ‘Man who climbed Mt. Everest’ as CBO of Asia Pacific
Posted on Thursday August 17, 2017

17 August 2017, India: Amidst the controversies and vacant CEO position, Uber has appointed Brooks Entwistle as Chief Business Officer, Asia Pacific. As a key member of Uber’s regional leadership team, Brooks will be responsible for business development, including autonomous vehicle alliances, in addition to corporate development and experiential marketing across the Asia Pacific region. […]

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Microsoft’s Patent For Augmented Reality Based Light Guide Display
Posted on Thursday August 17, 2017

We are surrounded a number of electronic gadgets that have display technology. This could have the various negative impact on your eyes. Microsoft has decided to resolve this using light guide display based on augmented reality for this purpose.    Why this technology? The need for a display that is safe for you arise from the […]

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How to Transition to the Future of Performance Management
Posted on Thursday August 17, 2017

In today’s dynamic business landscape, employees are the most valuable resource to an organization to gain a competitive edge in the market. So it becomes absolutely essential to ensure that your company has a pool of engaged, happy and motivated workers! Disengagement of work staff leads to a huge drop in productivity levels, and ultimately […]

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Early Backer Foxconn Writes Down 80% Investment in Snapdeal
Posted on Wednesday August 16, 2017

16 August 2017, India: One of the early backers, Foxconn Technology has written down 80% of its $200 Million investment in Jasper Infotech- parent company of Snapdeal. During its regulatory filing for six months ended June 30, FIH Mobile said it has recognized an impairment loss of US$ 160 million for its investment as per […]

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Spoiler Alert: Game of Thrones Episode 6 Leaked
Posted on Wednesday August 16, 2017

16 August 2017, India: For all the Game of Thrones fans out there, the next episode of the ultimate series has been leaked way before its telecast. Episode 6 of Game of Thrones was leaked not by hackers but aired by mistake by HBO Spain as per multiple reports. Yes, Episode 6 of #GameofThrones has […]

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Chennai-based Detect Technologies Raises Funding from Multiple Investors
Posted on Wednesday August 16, 2017

16 August 2017, India: IoT tech startup DeTect Technologies has raised an undisclosed amount of funding from IIM Ahmedabad’s CIIE, Axilor Ventures and angel network Keiretsu Forum. Around 15 investors on the Keiretsu network invested in the company, led by entrepreneur Anil Jain’s AJ Ventures as per the report by ET. Founded by alumni Daniel […]

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