Marpin

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You can measure illiteracy around the world just by looking at mobile phone data

Illiteracy takes a massive toll on peoples’ lives, as well as $1.2 trillion out of the global economy each year. People unable to read are shut out of jobs, services, and wider social networks, trapping them in poverty. As the developing world moves online, this disadvantage will only grow …

Emerging Markets

How to tell if your small company needs to expand through acquisitions

Chelsea Stoner Contributor<p>Chelsea Stoner is a general partner with Battery Ventures.<p>The market for mergers and acquisitions, particularly in software, is red-hot: Big private-equity firms, flush with cash, did 170 software deals worth $27.22 billion in the first half of 2016 alone. Beleaguered …

Mergers & Acquisitions

Zenstores seals £400K seed investment

Zenstores — the cloud-based shipping platform for online sellers — has sealed £400k in late seed investment led by Downing Ventures.

Zenstores scores £400K to help online sellers ship

Always be shipping: Hot on the heels of Zeeqo acquiring London-based delivery startup ParcelBright, another company helping online sellers ship their wares has picked up funding.<p>Bristol, U.K.-based Zenstores, which offers cloud-based shipping software targeting the ‘long tail’ of e-commerce, is …

eCommerce

Zenstores, a cloud-based shipping platform for online sellers, secures £400k seed investment led by Downing Ventures | EU-Startups

Zenstores, a fast-growing cloud-based shipping platform for online sellers, has today announced £400k in late seed investment led by Downing Ventures.<p>…

Lessons In Moving Your Startup Overseas To Silicon Valley

As a CEO and immigrant worker (take that, Trump!), I always get asked about moving my company to Silicon Valley. I usually answer that I believe you can build a world-changing organization anywhere, but the job is always easier at your industry’s center of gravity. For fashion, it’s Paris; for …

Silicon Valley

Why Clayton Christensen Is Wrong About Uber And Disruptive Innovation

Silicon Valley has disrupted disruptive innovation, and Clayton Christensen isn’t happy about it.<p>Christensen vaulted to rock-star status in the tech world in 1995 when he introduced the theory of disruptive innovation in the <i>Harvard Business Review</i> (<i>HBR</i>). Two years later, he published his …

Innovation

Mobile Companies Are Just Getting Started

It takes a much heartier stomach to jump into the startup game now than it did a year ago. Zenefits recently became the latest unicorn to face devaluation after compliance issues forced the CEO to resign. Publicly traded tech companies like Twitter weathered layoffs and stock sell-offs.<p>Those few …

Startups

RocketClub Lets Early Adopters Earn A Financial Stake In Startups

When a startup manages a successful exit, its earliest adopters usually don’t get much in return except for bragging rights. RocketClub wants to change that.<p>The platform helps young tech companies recruit users who are willing to complete tasks — including market research, product testing, or …

Startups

Castle Is A Property Management Platform From The Future

Property management is one of those industries that typically lags behind the rest of the U.S. economy in terms of technology, customer service and transparency.<p>Castle, part of YC’s Winter 2016 class, is trying to bring the industry up to date with its automated property management platform.<p>The …

U.S. Economy

Can Emerging Nations Create Their Own Silicon Valleys?

Silicon Valley has dominated the fields of technology and tech investment for the past two decades, operating virtually unchallenged during the zenith of its power. But the investment landscape is changing, bringing shifts in a number of factors that are edging out the major player in the …

Silicon Valley

3 industries being disrupted in developing countries

Elizabeth Gore Contributor<p>Elizabeth Gore is entrepreneur in residence at Dell and Advocate at the United Nations Foundation.<p>More posts by this contributor:<p>What do you call a ‘non-entrepreneur? Cuba’s best hackers<br>• Can We Get Entrepreneurs And Politicians To Speed Date?<p>Entrepreneurs in developing …

Innovation

Meet the foxes behind LA’s latest startup gem

Scrolling through the @shopboxfox Instagram account is enough to notice the clean-cut aesthetic: feminine, driven, artistic. However, the ladies behind LA’s BOXFOX, Chelsea Moore, Sabena Suri and Jenni Olivero, are channeling much more than their social media accounts let on; they are enhancing …

InterAct

Automobile platform Carsome raises $2M to expand in Southeast Asia

Carsome, a Malaysia-based platform that connects car dealers with buyers and sellers, is gearing up to enter new markets in Southeast Asia after raising a $2 million Series A. The round was led by IdeaRiverRun, a Malaysian private equity firm, with participation from IMG Investment Partners and 500 …

Startups

Marketplace app Mercari nabs $75M to become Japan’s first startup unicorn

Mercari, a peer-to-peer marketplace app, has claimed the title of Japan’s first pre-IPO startup unicorn after raising 8.4 billion yen (about $75 million) at a valuation of over $1 billion. This is the Tokyo-based company’s first Series D and brings its total funding to 12.6 billion yen (about $111 …

Startups

Strong Walmart earnings add $5bn to Walton family fortune

Retailer to pay workers at least $10 an hour after reporting revenues of $482bn last year, adding billions more to wealth of family that owns half of company<p>The Waltons, already the wealthiest family in the US with an estimated $149bn fortune, added a further $5bn last year from dividends and share …

Middle-class

Nestle profit dips due to strong franc, deal-making

GENEVA (AP) — Swiss food giant Nestle has reported a drop in profit and sales last year largely because of a stronger Swiss franc, a re-evaluation of some operations and the sale of a stake in L'Oreal a year earlier.<p>Nestle said Thursday that net income fell 37 percent to 9.07 billion Swiss francs …

Nestlé

Apple Pay will help China’s mammoth state banks crush Alibaba offline

Apple Pay goes live in China today.<p>Apple launched its mobile wallet over a year ago, but it is still not doing well in Apple’s native US. But its expansion to China, the fifth country to get Apple Pay, could be different. Chinese consumers are used to mobile payments, thanks to Alibaba’s Alipay and …

FinTech

Mattel's ThingMaker brings 3D printing to iconic '60s toy

NEW YORK — Mattel's ThingMaker was the original at-home maker device of the 1960s, but now the company is giving it a modern reboot, allowing kids to …

Uber CEO delivers stinging attack to city regulators at TED

Uber CEO Travis Kalanick used the TED stage on Tuesday to attack transport regulators for standing in the way of uberPOOL's mission to cut …

Transportation

Google has open-sourced its iOS app testing tool

Google has announced that it’s open-sourced EarlGrey, a testing framework for iOS apps. The company says it’s been used in developing software for Apple’s mobile platform including YouTube and Google’s Calendar and Photos apps.<p>EarlGrey offers features like built-in synchronization that makes it …

US stocks open higher, building on the gains from last week

NEW YORK (AP) — Stocks are opening broadly higher, building on the market's gains from late last week.<p>Banks and retailers had some of the biggest gains Tuesday. Several stocks were also moving on earnings and deal news.<p>Home security company ADT soared 50 percent after agreeing to be acquired by an …

Stock Markets

Chat App Company Tango, Valued At Over $1 Billion, Makes More Layoffs

Messaging app Tango has made further layoffs as new CEO Eric Setton continues to orchestrate changes in a bid to transform the struggling company’s fortunes.<p>Setton, who moved from CTO to CEO last month, split the Tango app into two — a back-to-basics messaging service and a social networking app — …

Mobile Gaming

How alcohol can improve your memory

A few drinks may disrupt the memory system – but in certain circumstances, they can actually aid recall. In this extract from his new book, Idiot Brain, neuroscientist Dean Burnett explains why gossip and booze go hand in hand<p>Why do relationships breakups hurt so much? Why do some people get travel …

The Brain

AstraZeneca wins FDA breakthrough status for key cancer drug | Reuters

LONDON (Reuters) - The U.S. Food and Drug Administration has granted breakthrough therapy designation to AstraZeneca’s biggest new drug hope ‍durvalumab as a treatment in bladder cancer, the drugmaker said on Wednesday.<p>A sign is seen at an AstraZeneca site in Macclesfield, central England May 19, …

Immunotherapy

Why physicists are so excited about 'neutrino effect' - Futurity

It turns out a prediction about neutrinos and the early universe is true. "It's one thing to predict ... but then you look and it's there! It's …

iZettle, the Square of Europe, raises more cash

Payments company iZettle said Friday that it has landed a new round of financing along with introducing a lending service for small businesses.<p>The …

FinTech

The 10 Best Cars At The Detroit Auto Show

From Acura's curvy NSX superhybrid to Infiniti's sophisticated Q60, these are our favorite vehicles from the 2015 North American International Auto Show<p>Detroit, as we call the North American International Auto Show, has always been a spectacle of automotive muscle and mischief. This year's biggest …

Muscle that contracts grown in a lab for the first time

Contracting lab-grown muscle may lead to individualized treatments for patients<p>Lab-grown muscle isn't new. In 2013, a group of researchers created enough muscle to make a burger that they could eat. But until recently, researchers weren't able to grow muscle that could contract in response to an …

Stem Cells

Acceleration in sea level rise far larger than initially thought, study shows

The acceleration in global sea level from the 20th century to the last two decades has been significantly larger than scientists previously thought, …

Sea Level