Sizing up a strategic VC: The questions we wish people asked


SPONSORED: Presented by Providence Ventures Entrepreneurs can easily scour the news wire for articles related to the age-old question: “What Should I Ask a Prospective VC?” As opposed to retreading familiar ground, I’d like to tackle the topic from a perspective near and dear to my heart: Namely, the nuances of inviting a “Strategic” investor into…Read More

This former Uber (and Lyft) exec just raised $15 million for his controversial e-scooter startup: Bird

Travis VanderZanden. If you’ve been following the fast-changing transportation industry, it’s a name that may sound familiar. Until September 2016, VanderZanden was VP of growth at Uber and before that, COO of its fierce rival Lyft, which had acquired his on-demand car wash company, Cherry, in 2013. It was a dramatic few years for VanderZanden, once he joined the ride-hailing race.… Read More

Mapbox makes another acquisition to bolster its navigation toolkits

 Mapbox, the Softbank-backed developer of mapping applications that competes with Google Maps TomTom and Here, has acquired the intellectual property and developers behind MapZen’s Valhalla project in a bid to strengthen its navigation toolkits. The acquisition, made as Mapzen was winding down, brings the Valhalla development team in-house for a bargain price that Mapbox chief executive… Read More

Berlin’s Ada Health raises $47 million for global expansion of its AI-driven medical app


Using a mix of artificial intelligence and human doctors, Ada Health has seen a surge of users for its telemedicine app that has investors swooning and ready to bet big on the Berlin-based startup.

Today, Ada Health announced it has raised $47 million in venture capital in a funding round led by Access Industries, June Fund, and Berlin-based Cumberland VC. In addition, the company said that William Tunstall-Pedoe, an AI entrepreneur who originally helped develop Amazon’s Alexa, also invested in the round.

“The future of healthcare lies in a much more patient-centric model where individuals have actionable insights at their fingertips, and doctors and artificial intelligence work together to support patients throughout their healthcare journey,” said Daniel Nathrath, CEO and co-founder of Ada Health, in a statement. “We’ve seen incredible traction since launch, receiving countless messages each day about how we’ve helped someone identify an important health issue and get to Continue reading "Berlin’s Ada Health raises $47 million for global expansion of its AI-driven medical app"

Slack confirms it has raised $250 million at $5 billion valuation amid growing competition


Workplace collaboration platform Slack has closed its long-rumored new round of funding at $250 million, led by SoftBank’s Vision Fund, as it seeks to beat back a growing list of competitors with deep pockets.

According to Bloomberg, Slack said it is still sitting on most of the $591 million it had previously raised. The latest round will give the company “operational flexibility.”

San Francisco-based Slack has been one of Silicon Valley’s hottest startups in recent years. But that success has attracted numerous competitors, including Microsoft, which launched Teams earlier this year; Atlassian, with its HipChat service workplace collaboration; Google, which launched Hangouts Chat this year; and Facebook, which is still pushing its Workplace service.

So $250 million only sounds like a lot of money until you look at those competitors’ balance sheets.

Still, according to Bloomberg, Slack has passed 9 million weekly active users and 6 million daily Continue reading "Slack confirms it has raised $250 million at $5 billion valuation amid growing competition"

Slack confirms it has raised $250 million at $5 billion valuation amid growing competition


Workplace collaboration platform Slack has closed its long-rumored new round of funding at $250 million, led by SoftBank’s Vision Fund, as it seeks to beat back a growing list of competitors with deep pockets.

According to Bloomberg, Slack said it is still sitting on most of the $591 million it had previously raised. The latest round will give the company “operational flexibility.”

San Francisco-based Slack has been one of Silicon Valley’s hottest startups in recent years. But that success has attracted numerous competitors, including Microsoft, which launched Teams earlier this year; Atlassian, with its HipChat service workplace collaboration; Google, which launched Hangouts Chat this year; and Facebook, which is still pushing its Workplace service.

So $250 million only sounds like a lot of money until you look at those competitors’ balance sheets.

Still, according to Bloomberg, Slack has passed 9 million weekly active users and 6 million daily Continue reading "Slack confirms it has raised $250 million at $5 billion valuation amid growing competition"

Crunch Report | Tinder Unveils New Gold Subscription

Crunch Report 6.28 Today’s Stories  Tinder’s new subscription, Tinder Gold, lets you see who already likes you Google unveils Advr, an experimental Area 120 project for advertising in VR Equal Rights Center sues Uber for denying equal access to people who use wheelchairs Waymo’s self-driving van hits the desert to see if it can stand the heat The latest in the Binary Capital blowup —… Read More

StdLib just raised $2 million to connect businesses via APIs

 Keith Horwood wants to be known in tech circles as an agent for good, and he seems to be working toward that end with StdLib, his roughly two-year-old startup that abstracts away infrastructure using “serverless” architecture, allowing developers to write everything from simple functions to complex business logic, then deploy their code as scalable, fully­ documented web APIs. Read More

Kalanick is out, but Uber’s VCs royally screwed up, too, say industry watchers

 Travis Kalanick, who last night resigned from his post as CEO of ride-share giant Uber, has taken the blame for the company’s very long list of problems, from allowing a culture of sexual harassment to thrive, to skirting the law with its Greyball program, to mishandling the medical files of a customer raped by one of the company’s drivers (for starters). But many view the VCs… Read More

Uber investors who called it “toxic” are satisfied by plans for change

 Freada and Mitch Kapor broke rank with typical investor silence in the face of scandals at their portfolio companies by publicly criticizing Uber in February, saying it was “toxi” and had “a culture plagued by disrespect, exclusionary cliques, lack of diversity, and tolerance for bullying and harassment of every form.” But today, the couple who invested in Uber starting… Read More

Jeremy Liew says to forget the critics and watch “Planet of the Apps” for its window onto pitch meetings

 Reviewers have not been kind to Apple’s first TV offering, “Planet of the Apps.” Variety had a particularly entertaining, if biting, take, with writer Maureen Ryan likening the show to “something that was developed at a cocktail party, and not given much more rigorous thought or attention after the pitcher of mojitos was drained.” Earlier today, we talked with one… Read More

The best Meeker 2017 Internet Trends slides and what they mean

 Here are the must-read stats about what’s happening with internet adoption, smartphones, ads, e-commerce, entertainment, gaming, enterprise healthcare, China, India and startups. We’ve picked the most important slides from legendary Kleiner Perkins partner Mary Meeker’s massive 355-page 2017 Internet Trends report, deciphered the complex data and explained why… Read More

Read Mary Meeker’s essential 2017 Internet Trends report

 This is the best way to get up to speed on everything going on in tech. Kleiner Perkins venture partner Mary Meeker’s annual Internet Trends report is essentially the state of the union for the technology industry. The widely anticipated slide deck compiles the most informative research on what’s getting funded, how Internet adoption is progressing, which interfaces are resonating,… Read More

Crunch Report | Instagram Grows To 700M Users

Crunch Report April 26 Today’s Stories  Instagram’s growth speeds up as it hits 700 million users Twitter desperately needed a hit first-quarter and somehow managed to deliver Amazon’s new Echo Look has a built-in camera for style selfies Uber is making it easier to see your rider rating Investor Chris Sacca is retiring from venture capital Credits Written and Hosted by: Anthony Ha Filmed… Read More

Flush with funding, Instacart accelerates US expansion

 Grocery delivery startup Instacart recently closed a $400 million Series D round of funding at a valuation of $3.4 billion. Now, the company is putting that capital to work by accelerating its expansion across the US, and offering free Instacart Express memberships to entice new users wherever it goes. According to the company’s Vice President of Product, Elliot Shmukler, the company… Read More