Startups

H-E-B has acquired Favor, the on-demand delivery service out of Texas. Favor will continue to operate as an independent wholly owned subsidiary of the grocery chain. The company first launched in 2013, bringing a Texas-tailored approach to on-demand delivery. While many on-demand services, such as Postmates, focus on high-density areas like NYC and San Francisco,
0 Comments
There are many reasons startups fail. Unfortunately, we just didn’t have enough time and ran out of money. Unfortunately, the customers just didn’t care enough about our offering. Unfortunately, the channel just wasn’t economically efficient. Unfortunately, I had the wrong person running engineering (or marketing, sales, finance etc.). Unfortunately, we were screwed anyway so we
0 Comments
MVPindex and Umbel, two companies delivering social media data to the sports and entertainment industries, are teaming up. The combined company will be led by MVPindex’s co-founders, with Stan Woodward serving as CEO, Shawn Spieth as president and chairman and Kyle Nelson as chief marketing officer. Umbel will be represented on the executive team as
0 Comments
Uber lost $4.5 billion last year, but CEO Dara Khosrowshahi said he’s not worried. Speaking at the Goldman Sachs Technology and Internet Conference in San Francisco on Wednesday, the newly appointed chief defended the company’s financials, saying that “we can turn the knobs to get this business even on a full basis profitable, but you would sacrifice
0 Comments
Good morning and happy Wednesday, everyone! Here is a thing that falls under Today In Very Good Things: Pinterest is going to, finally, finally, let you move pins around on your boards. This seems really small and trivial but, really, this is one of the biggest quality of life improvements to the service that I’ve seen
0 Comments
Homebrew is announcing the close of its third fund. This time they’ve raised $90 million, an increase from $50 million in 2015 and $35 million for its debut fund in 2013. Led by Hunter Walk and Satya Patel, the seed-stage venture firm has spent the past five years investing in U.S.-based startups at the onset. Several of
0 Comments
You probably know Chamillionaire from the song “Ridin,’” but did you know the Grammy Award winner is also a successful startup investor? He has had several favorable outcomes, including Cruise, which sold to General Motors and Maker Studios, which was bought by Disney. Now he’s trying his hand at a startup of his own. If you’re
0 Comments
If the latest seed-funded startups have their way, this is what your future will look like. You’ll find your mortgage through a company named Morty, refill your contact lenses with Waldo and get your cannabis news from Herb. (Which is not to be confused with Bud, the startup that handles your banking.) Later, you can use Cake Technologies to pay the
0 Comments
Studio, a startup that delivers coaching, music and competition to treadmill runners’ smartphones and smartwatches, is getting a boost from treadmill maker Life Fitness. Studio founder and CEO Jason Baptiste explained that through this partnership, Studio’s classes will be available on Life Fitness treadmills in gyms, starting with the ones that are equipped with the
0 Comments
Flux, the London fintech startup founded by former early employees at Revolut, has deepened its partnership with U.K. challenger bank Starling to add Flux-powered loyalty points to Starling’s mobile banking app. It builds on earlier Flux integration that sees Starling support item-level digital receipts powered by Flux and supported merchants (to date, this includes all
0 Comments
French startup Cityscoot announced a $50 million round of financing yesterday (€40 million). RATP Capital Innovation and Inventure Partners are leading the round, with existing investors Caisse des Dépôts and LeasePlan also participating. Cityscoot operates an electric scooter-sharing service in Paris and plans to expand to other cities in France and Europe. You can now
0 Comments
SEC chairman Jay Clayton made clear today that his agency, along with the Commodity Futures Trading Commission, remains acutely concerned about initial coin offerings and cryptocurrency trades. In fact, toward that end, they’d like more expansive powers when it comes to protecting customers on cryptocurrency exchanges from fraud. “When you have an unregulated exchange, the ability to manipulate prices
0 Comments