Category Archives: economy

VCs say Silicon Valley isn’t the gold mine it used to be

In the days leading up to TechCrunch Disrupt SF 2018, The Economist published the cover story, ‘Why Startups Are Leaving Silicon Valley.’ The author outlined reasons why the Valley has “peaked.” Venture capital investors are deploying capital outside the Bay Area more than ever before. High-profile entrepreneurs and investors, Peter Thiel, for example, have left. Rising rents are making it impossible for new blood to make a living, let alone build businesses. And according to a recent survey, 46 percent of Bay Area residents want to get the […]

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Meet the startups in the latest Alchemist class

Alchemist is the Valley’s premiere enterprise accelerator and every season they feature a group of promising startups. They are also trying something new this year: they’re putting a reserve button next to each company, allowing angels to express their interest in investing immediately. It’s a clever addition to the demo day model. You can watch the live stream at 3pm PST here. Videoflow – Videoflow allows broadcasters to personalize live TV. The founding team is a duo of brothers — one from the creative side of TV […]

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Zortrax launches a new high-speed, high-resolution printer, the Inkspire

Zortrax has launched a new printer, the Inkspire, that prints using an LCD to create objects in high-quality resin in minutes. The printer – essentially an upgrade to traditional stereolithography (SLA) printers – uses a single frame of light to create layers of 25 microns. Most SLA printers use a laser or DLP to shine a pattern on the resin. The light hardens the resin instantly, creating a layer of material that the printer then pulls up and out as the object grows. The UV LCD in […]

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3DHubs, once a community 3D printing service, is now sourcing all 3D prints internally

3D Hubs, like MakeXYZ, was a community-based 3D printing service that let anyone with a printer sell their prints online. Founded in the heyday of the 3D printing revolution, the service let thousands of makers gather a little cash for making and mailing prints on their home 3D printers. Now, however, the company has moved to a model in which its high-end partners will be manufacturing plastic, metal, and injection molded parts for customers willing to pay extra for a professional print. “Indeed, more focus on high […]

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The Winklevoss stablecoin is one small step toward crypto acceptance

A stablecoin is a cryptocurrency pegged 1-to-1 with another “stable” currency. In most cases, these coins are pegged to the US dollar and, as such, allow for true transfers of actual fiat currencies between parties using the blockchain. If you’re nodding off right now thinking about this, I would posit that these moves, however minor right now, are an important step forward in cryptocurrency acceptance. The latest stablecoin to hit the virtual streets is the Gemini Dollar. This coin comes on the heels of the much-ridiculed Tether, […]

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Airbnb for Work is getting bigger

Experiences, not cash, are the new corporate bonus. At least, according to Airbnb. With that mantra in mind, the $31 billion company is expanding the part of its business that targets business travelers, called Airbnb for Work. The new effort will help them tap into a large market they’ve been missing out on—non-travelers. Airbnb is adding three new features. The first addition allows businesses to use Airbnb Experiences, the part of the app or website where travelers can book tours or events for their vacations, to arrange […]

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A new foreign investment bill will impact venture capital and the US startup ecosystem

Bobby Franklin Contributor Bobby Franklin is the president and chief executive of the National Venture Capital Association and previously served as an executive vice president for the CTIA – The Wireless Association. More posts by this contributor The startup community must defend merit-based immigration Ensuring foreign-born founders can grow their startups in the U.S. President Trump’s time in office has been punctuated by rising tension with China on a host of economic issues. He’s received bipartisan criticism for the impact of tariffs on Chinese goods and the […]

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Credit Karma acquires mortgage platform Approved

Credit Karma, the service best known for providing free credit score monitoring and other financial advice (mostly to millennials), is getting into the mortgage business. The company today announced that it has acquired Approved, a mortgage platform that brings modern technology to a process that even today often still involves faxing documents back and forth. The companies did not disclose the financial details of the transaction. At first glance, this may seem like a bit of an odd acquisition, given that Approved is mostly a service for banks […]

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Gusto raises $140 million to go after small business payroll and benefits with more gusto

Gusto, which sells payroll, benefits and human resources management and monitoring services to small businesses, has raised $140 million in its latest round of funding. The company said it will use the money to add new services to increase payment flexibility for employees. The company launched a new service called Flexible Pay, which gives employees a way to get paid no matter when a company’s pay schedule dictates. It seems sort of like a payday loan, where a percentage of the salary is taken by Gusto for […]

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What every startup founder should know about exits

Benjamin Joffe Contributor Benjamin Joffe is a partner at HAX. More posts by this contributor 70 years of VC innovation 2017 crowdfunding guide The dream of a startup founder can often be summarized by the following well-intentioned, and mostly delusional quote: “We’ll raise a few rounds and in a few years we’ll IPO on Nasdaq.” But a more likely scenario looks something like this.: You invest a few years of hard work to build something of value. One day you receive an acquisition offer out of the blue. […]

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