Tag Archives: startup

April Koh, 29, becomes youngest woman to run a multi-billion-dollar startup


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He bought porn with $1.3 million in startup funds, feds say. Now he’s going to prison


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A Silicon Valley startup founder moved to Austin to flee San Francisco’s high housing costs and said ‘FOMO’ will prompt more in the ‘hive-minded’ Bay to move to newer tech hubs


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The CEO of a Silicon Valley startup was quietly fired after allegedly spending over $75,000 at strip clubs and charging it to a company credit card

The CEO of a Silicon Valley startup was quietly fired after allegedly spending over $  75,000 at strip clubs and charging it to a company credit cardTurvo named a new CEO in November named Scott Lang. The company was last valued at $ 435 million, according to Pitchbook.



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Ford Is Getting a New Electric Vehicle from Michigan Startup Rivian

Ford Is Getting a New Electric Vehicle from Michigan Startup RivianFord's $ 500 million investment is another check mark for the startup American electric-truck company.



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Ford invests $500 mn in electric vehicle startup Rivian

Ford invests $  500 mn in electric vehicle startup RivianFord Motor Co. said Wednesday it was investing $ 500 million in Rivian as part of a strategic partnership with the startup developing electric pickup trucks and sport utility vehicles. The tieup will enable Ford to develop its own branded electric vehicle using Rivian’s “flexible skateboard platform,” according to a statement from the two companies. “As we continue in our transformation of Ford with new forms of intelligent vehicles and propulsion, this partnership with Rivian brings a fresh approach to both,” said Jim Hackett, Ford president and chief executive.



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Tech Startup Investors Are Wary of Warren's Plan to Protect Them

Tech Startup Investors Are Wary of Warren's Plan to Protect Them“To reach consumers you have to pay Facebook and Google” for advertising and attention, said Garry Tan, co-founder and managing partner of Initialized Capital. Large companies “spend billions of dollars a year on Facebook and Google ads,” he said.



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A real roasting: Coffee startup Luckin set to overtake Starbucks in China

A real roasting: Coffee startup Luckin set to overtake Starbucks in ChinaAfter only a year in business, startup Luckin Coffee said Thursday it will open 2,500 stores this year to dislodge Starbucks and become China’s largest coffee chain. The company said it plans to have more than 4,500 stores in China by the end of 2019, taking it past the US coffee giant, which has over 3,600 stores across the country. China is Starbucks’ second biggest market after the United States.



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Ford enters scooter wars with acquisiton of startup Spin

Ford enters scooter wars with acquisiton of startup SpinFord Motor Co. agreed Thursday to acquire the electric scooter-sharing startup Spin, entering the fast-growing segment of last-mile urban mobility. “The acquisition of Spin is the latest strategic move by Ford in the mobility space, as the company builds a mobility portfolio to help customers get places more easily, more quickly and less expensively,” Ford said in a statement. Ford’s move adds a major new player to the hot segment that includes Uber, Lyft and others operating in dozens of cities worldwide, allowing smartphone users to unlock and ride the scooters and leave them anywhere, with no dock required.



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Founder of 'revolutionary' US blood-testing startup once valued at $9bn charged with fraud

Founder of 'revolutionary' US blood-testing startup once valued at $  9bn charged with fraudTheranos was established by Elizabeth Holmes in 2003 when she was just a 19-year-old Stanford drop out. Within a year it had won $ 6m (£4.5m) backing from investors attracted by Ms Holmes’s desire to disrupt the industry monopoly over blood tests – and she was toasted as a rising star of Silicon Valley. Ms Holmes and Mr Balwani claimed the Theranos analyser could perform a full range of clinical tests using tiny blood samples drawn from a finger stick, asserting that its results were more accurate, reliable and faster than those from conventional blood tests.



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