Category Archives: Collaborative Consumption

misterb&b hits the equity crowdfunding trail to expand into hotels

Homosexuality is illegal in a third of the counties on this planet; in eight countries it is punishable by death. In the febrile atmosphere of today’s politics, hate-crime incidents in the U.S. increased by 17 percent from 2016 to 2017, according to the FBI. More than 20 of those incidents were crimes against an individual’s sexual orientation — the largest increase since 9/11. Similar hate-crime statistics have increased in the U.K. and several other western countries. It’s strange and saddening to think that men, women and gender […]

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Paris sues Airbnb for illegal listings and seeks $14.2 million

The City of Paris first warned Airbnb, and it is now taking action. The mayor of Paris, Anne Hidalgo, told the JDD that the city is suing the company for 1,010 illegal listings. The fine could be worth as much as $14.2 million (€12.625 million). Based on current legislation, you can’t rent an apartment more than 120 days a year. If you want to rent an apartment on Airbnb in Paris, you first must register your apartment with the city. The city then gives you an ID […]

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Ahead of IPO, Airbnb achieves profitability for second year in a row

Airbnb, which is expected to go public this year, announced today a number of milestones. For starters, Airbnb says it was profitable on an EBITDA (earnings before interest, taxes, depreciation and amortization) basis for the second year in a row in 2018. In Q3 2018, Airbnb said it had its strongest quarter ever, where it saw “substantially more” than $1 billion in revenue. The following quarter, Airbnb found a replacement for former CFO Laurence Tosi, who left amid tension between him and Airbnb CEO Brian Chesky. To […]

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Testing times for second wave scooter startups

Investors are still pouring millions into scooter startups, albeit sometimes at flat valuations. At the same time a little cash is flowing the other way, in cases where cities have realized the importance of prioritizing the needs of the local environment and its citizens, over and above the ambitions of VCs for a swift and lucrative exit. Scooter startups affected by such regulatory bumps in the road are, unsurprisingly, rather less keen to shout about this sort of policy friction and the negative cash and ride flow it generates. […]

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Managed by Q ends 2018 with a fresh $25 million in funding

Managed by Q, the office management platform that launched back in 2013, has today revealed that it raised an additional $25 million as a part of its Series C, led by existing investors RRE and Google Ventures, with participation from new investors DivCo West, Oxford Properties and others. The fresh capital brings the total round to $55 million. Managed by Q launched as an all-encompassing platform for office management, offering IT support, supply inventory management, cleaning and equipment repair. Since, the company has added a full-fledged marketplace, […]

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The limits of coworking

It feels like there’s a WeWork on every street nowadays. Take a walk through midtown Manhattan (please don’t actually) and it might even seem like there are more WeWorks than office buildings. Consider this an ongoing discussion about Urban Tech, its intersection with regulation, issues of public service, and other complexities that people have full PHDs on. I’m just a bitter, born-and-bred New Yorker trying to figure out why I’ve been stuck in between subway stops for the last 15 minutes, so please reach out with your […]

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Cove.Tool wants to solve climate change one efficient building at a time

As the fight against climate change heats up, Cove.Tool is looking to help tackle carbon emissions one building at a time. The Atlanta-based startup provides an automated big-data platform that helps architects, engineers and contractors identify the most cost-effective ways to make buildings compliant with energy efficiency requirements. After raising an initial round earlier this year, the company completed the final close of a $750,000 seed round. Since the initial announcement of the round earlier this month, Urban Us, the early-stage fund focused on companies transforming city […]

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Meet Uber’s newly promoted chief product officer, Manik Gupta

Manik Gupta got his first taste of solving logistics nightmares when, fresh out of college, he was delivering Palm Pilots around Singapore. He’d started a precursor to Groupon called BuyItTogether. “We were a full-stack marketplace where we were also delivering the goods. That’s what caused us to not have good profit margins. Actually, zero profit margins,” he recalls with a laugh. His new gig isn’t earning profits either. Uber lost nearly $1 billion last quarter. But the company sees Gupta’s experience with delivery and maps as crucial […]

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Uber launches rider loyalty Rewards like credits & upgrades 9 cities

Uber’s new loyalty program incentivizes you not to check Lyft or the local competitor. Riders earn points for all the money they spend on Uber and Uber Eats that score them $5 credits, upgrades to nicer cars, access to premium support and even flexible cancellations that waive the fee if they rebook within 15 minutes. Uber Rewards launches today in nine cities before rolling out to the whole U.S. in the next few months, with points for scooters and bikes coming soon. And as a brilliant way […]

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Fantasmo pivots to scooter cameras that keep them off sidewalks

GPS is too inaccurate to tell if a scooter is being driven or parked in off-limits areas. But as scooter startups compete for permits from city governments, they need a way to prove their riders play by the rules. That’s where Fantasmo’s new scooter positioning camera comes in. The augmented reality mapping startup had been building the Camera Positioning Standard to give self-driving cars, robots and AR games a dynamically updated understanding of the real world around them. But now Fantasmo is focusing on the urgent use […]

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