Small/Start up Business News

By Christopher Saleh | Relevant news and information for small or start up businesses that need to operate with strategy required to survive and thrive in today's market.

Judge approves $85 billion AT&T/Time Warner merger

<b>What just happened?</b> Following a six-week trial, the AT&T and Time Warner merger has been officially approved. US District Judge Richard Leon ruled …

Net Neutrality

T-Mobile and Sprint agree to merge, finally

T-Mobile and Sprint finally agreed to a massive telecom merger after years of negotiations punctuated by two breakups.<p>The agreement would leave just three major wireless carriers in the United States and must clear antitrust regulators. The combined company, which will take on the name T-Mobile, …

Telecoms

Uber acquires bike-share startup JUMP

Uber has acquired bike-sharing startup JUMP for an undisclosed amount of money. This comes shortly after TechCrunch reported that JUMP was in talks with Uber as well as with investors regarding a potential fundraising round involving Sequoia Capital’s Mike Moritz. At the time, JUMP was …

Startups

How 2 Entrepreneurs Went From Living in a Car to Building a $10 Million Business

A Shark Tank deal with Mark Cuban certainly didn't hurt... but neither has personally gaining knowledge that you can then provide to others.<p>If you're a fan of <i>Shark Tank</i>, you saw Shaan Patel close an investment deal with Mark Cuban in Season 7 for his test-prep startup, Prep Expert SAT & ACT …

Marketing

Music streaming service Spotify files to go public, lost $1.5 billion last year

Streaming service Spotify announced Wednesday its plan to go public.<p>The company will begin trading on the New York Stock Exchange under the ticker …

Morgan Stanley

Dropbox files to go public with over $1.1 billion in annual revenue

Cloud storage company Dropbox filed to raise $500 million in a public offering on Friday, giving investors a first look at the books of a coveted …

Venture Capital

Uber is preparing to sell Southeast Asia unit to Grab in exchange for stake in company: Sources

Uber is preparing to sell its Southeast Asia business to Singapore's Grab in exchange for a sizable stake in the company, according to two sources …

Lydia raises $16.1 million to become the PayPal of mobile payments

French startup Lydia is raising a $16.1 million round (€13 million) led by CNP Assurances with existing investors XAnge, New Alpha AM, Oddo BHF and Groupe Duval also participating.<p>Lydia isn’t the first startup that wants to replace PayPal, and also probably not the last one. But it’s clear that the …

FinTech

CNN throws in the towel on Casey Neistat and Beme

<b>UPDATE: Jan. 25, 2018, 1:03 p.m. EST</b> <i>This piece has been updated after Casey Neistat removed his video announcing his split with CNN.</i><p>Almost two years …

Former employees say Lyft staffers spied on passengers

Similar to Uber’s “God View” scandal, Lyft staffers have been abusing customer insight software to view the personal contact info and ride history of the startup’s passengers. One source that formerly worked with Lyft tells TechCrunch that widespread access to the company’s backend let staffers …

Online Privacy

New Ways to Raise Money in 2018

Venture capital is disrupting itself--here's what you need to know.<p>Planning on raising money in 2018? Good, because there's lots of good news, like:<p>More money than ever, overall. From 2014 to 2017, the average VC fund size doubled.<br>• A new sensitivity to racial and gender dynamics that has many VCs on …

Venture Capital

SurveyMonkey is expected to go public later this year

It would be one of the most closely-watched IPOs of 2018.<p>The 19-year-old polling company SurveyMonkey is preparing to go public later this year, according to people familiar with the company’s plans, accelerating its conversations with bankers ahead of what would be one of 2018’s most …

Silicon Valley

Chart: Here are the U.S. states that attracted the most venture capital in Q4

Looking for venture capital? You better cruise the streets of San Francisco and the boulevards of Silicon Valley.<p>California remains the number one …

Venture Capital

WeWork Is Buying Meetup Amid an Increasingly Disconnected World

<b>As a company, Meetup</b> has long embraced its position as a small, mission-driven operation. While other social software companies from the Web 2.0 era, …

Startups

Nvidia Bars Use of its Consumer Video Cards in Data Centers – Except for Blockchain

The chipmaker Nvidia has altered the terms of service for its GeForce and Titan graphics cards to prohibit their use in data centers, or large-scale …

Artificial Intelligence

Cybersecurity startups raked in $7.6 billion in VC money in 2017 — twice as much as the year before

Cybersecurity has repeatedly been in the news of late, and startups that specialize in it are raking in investments as a result.<p>Venture capitalists invested twice as much money in cybersecurity startups in 2017 as they did the year before, according to new data from CB Insights.<p>Globally, venture …

Smart lock maker Otto suspends operations

Otto showed the world its digital lock in August. Four months later, the company has suspended operations. Hardware is hard. It’s a cliche for a reason.<p>The company made the decision just ahead of the holidays, a fact that founder and CEO Sam Jadallah recently made public with a lengthy Medium post …

Startups

Do good companies ICO?

There has been a veritable explosion in the use of initial coin offerings (abbreviated ICO, sometimes also referred to as a token generating event or TGE, or a WTFLOL) to fund startups. Calculating the total investment in these offerings is complicated, but Coindesk puts the total right now at …

Venture Capital

F.C.C. Repeals Net Neutrality Rules

WASHINGTON — The Federal Communications Commission voted on Thursday to dismantle rules regulating the businesses that connect consumers to the internet, granting broadband companies the power to potentially reshape Americans’ online experiences.<p>The agency scrapped the so-called net neutrality …

Net Neutrality

A timeline of events that led to the downfall of Travis Kalanick at Uber

Uber’s 40-year-old chief executive Travis Kalanick has resigned from the ride-sharing company.<p>On June 20, the New York Times reported that Kalanick, who helped found the company in 2009, resigned after five of Uber’s major investors sought his removal. Kalanick will reportedly stay on as a director …

Sexual Harassment

Snapchat goes public at $29bn and makes co-founders tech billionaires

Snap Inc’s IPO pushes Evan Spiegel and Bobby Murphy’s company ahead of Twitter and potentially creates a serious rival for Facebook<p>Snap Inc, the company behind disappearing messaging app Snapchat, has gone public with stocks soaring 44% on their first day of trading and valuing the company at $28bn.<p>…

Evan Spiegel

Groupon founder Andrew Mason is back with a cool new startup

Groupon founder Andrew Mason launched another new startup on Tuesday. It's called Descript.<p>Descript takes an audio file, say a recording for a podcast, and automatically transcribes it in a few minutes using artificial intelligence. It then links every word on the transcribed word processing …

descript

Tech giants are using open source frameworks to dominate the AI community

Tech giants such as Google and Baidu spent from $20 billion to $30 billion on AI last year, according to the recent McKinsey Global Institute Study. Out of this wealth, 90 percent fueled R&D and deployment, and 10 percent went toward AI acquisitions.<p>Research plays a crucial role in the AI movement, …

Uber's new CEO says he banned employees from using secure messaging apps for Uber business

Uber's new CEO has been trying to clean-up the mess cofounder Travis Kalanick left behind. One sweeping change was a total crackdown on secure …

Two years after going public, Square is now worth more than Twitter

Jack Dorsey’s payments company has edged past Jack Dorsey’s tweeting company.<p>Jack Dorsey’s “other” company, Square, is now worth more than Twitter. As of this afternoon, the mobile payments firm had a market value of $16.5 billion — more than a billion dollars above Twitter’s market cap, according …

Jack Dorsey

MoviePass now has an annual subscription plan that works out to $7.50 a month

MoviePass is not letting up on disrupting the movie theater ecosystem.<p>The startup has announced an annual subscription plan that's hard to beat.<p>For a limited time a one-year subscription to MoviePass will only cost $89.95 ($6.55 processing fee included). If you do the math, that's $7.50 a month. …

5 Ways to Make a Social Impact in Your Business

The many paths to making a positive social imprint.<p>Most business owners hope to make a positive difference in the world. To varying degrees, many of them do. However, the drive to build a company that has a direct social impact has led to it becoming a loaded term where not all social enterprises …

Innovation

How to Overcome the Biggest Challenges in Hiring Top Talent

The biggest names in HR share how anyone looking for top talent can overcome the industry's biggest challenges.<p>Unemployment is at an all-time low. The job market is now largely candidate-driven, and there are more jobs available than candidates to fill them. For hiring professionals, that means …

Human Resources

Alibaba smashes its Single’s Day record once again as sales cross $25 billion

Alibaba has set another Single’s Day record after the e-commerce giant sold over $25 billion of product on the Chinese biggest online shopping date.<p>The full number comes in at 163.8 billion RMB, that’s roughly $25.3 billion, in GMV — that’s “gross merchandise volume” which is used to measure a …

eCommerce