This post is by Russ Garland from Venture Capital Dispatch
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Traditional insurance policies don’t work for the on-demand economy. Slice Labs has ambitious plans to change that as an insurance platform for on-demand workers, Cat Zakrzewski reports for VentureWire. The startup wants to provide sensible policies starting with ride-sharing drivers and Airbnbproperty renters. The company closed $3.9 million in seed funding led by Horizons Ventures and XL Innovate. Slice founders Tim Attia, Stuart Baserman and Ernest Hursh have previously worked in the insurance industry. Mr. Attia said currently on-demand workers don’t understand what their insurance options are. Many in the gig economy do these jobs part time or on the side and don’t earn enough to justify buying an expensive annual insurance policy, Mr. Attia said.
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ELSEWHERE AROUND THE WEB:
Online Auctioning Made Easier With Asia-Based Apps. Instead of listening to music or playing videogames during his daily train commute in Singapore, Jay Pang uses the down time for something different: selling rare sets of Legos via his smartphone. Mr. Pang frequently manages listings for his online business using a new e-commerce app called Shopee, The Wall Street Journal reports. The app was created by a unit of Garena Online, a fast-growing Internet startup in Singapore valued at $2.5 billion.
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