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Analyst Says iPhone 6s Will Have A Luxe Rose Gold Option
May 12, 12:38PM
Apple’s next iPhone (likely the ‘iPhone 6s’ if it keeps with recent naming conventions) could come in a luxury rose gold finish, according to KGI Securities analyst Ming-Chi Kuo (via AppleInsider). The analyst, who has a good track record of calling Apple product plans ahead of their official announcement, shared info about the rose gold option in a research note today, and… Read More
Europay, MasterCard, Visa: A Primer
May 12, 12:00PM
The cyber breaches and system hacks affecting Target, Home Depot, Neiman Marcus and other large retailers over the past two years have resulted in billions of dollars of credit card fraud. This growing epidemic has led to increased calls for a more robust credit card security system. Read More
In Big Media Push, Verizon Buys AOL For $4.4B [Memo From AOL CEO Tim Armstrong]
May 12, 11:09AM
So this just happened. AOL, owner of TechCrunch, is getting acquired: U.S. carrier Verizon said in a statement that it is buying the company for $4.4 billion, or $50 per share. We’ve just been sent an internal memo about the deal that we are embedding below. AOL will become a subsidiary of Verizon as part of the deal, overseeing a bigger push into content and mobile video by… Read More
European Hardware Accelerator Woos Chinese Investors
May 12, 10:32AM
Back in summer 2013 shiny new European hardware accelerator, Startupbootcamp HighTechXL, began the search for its first cohort of startups. The 11 teams in its second edition raised a total of $6.3 million on Demo Day and directly afterwards, it said today. Read More
SoftBank's New President Is Former Google Head Of Business Nikesh Arora
May 12, 8:33AM
SoftBank, the Japanese telecom giant that is also one of Asia’s most prolific startup investors, has named Google’s former chief business officer, Nikesh Arora, as its new president and potential future chief executive officer. Read More
Rocket Internet's Carspring Is A Marketplace For Pre-Owned Cars
May 12, 8:15AM
Rocket Internet, the German ‘startup factory’ and e-commerce behemoth, is de-cloaking its latest venture today. Founded by two ex-McKinsey management consultants, Peter Baumgart and Maximilian Vollenbroich, Carspring is a marketplace for pre-owned cars. Read More
Aliyun, Alibaba's Cloud Computing Unit, Takes Its First Steps Into The Middle East
May 12, 7:14AM
Aliyun, the cloud computing arm of Alibaba, announced today that it has signed a joint-venture agreement with Dubai-based holding company Meraas to bring it services to companies and government organizations in the Middle East and North Africa. Read More
Periscope Decouples From Twitter To Let New Users Sign Up With A Phone Number
May 12, 6:10AM
I’m not sure about you, but most of my friends in real life — aka people I didn’t meet through the internet or work — don’t actually use Twitter. It makes sense, therefore, that Periscope — the super-shiny-new-fangled-live-streaming-service that Twitter bought and is pushing hard right now, has decoupled from its parent and can now be used by those who do… Read More
Alfred Purchases WunWun Tech, Employees In Fire Sale
May 12, 5:43AM
After nearly three years delivering anything you want on-demand (in the greater New York City area), WunWun is shuttering. As part of the close, Alfred is purchasing assets, including key WunWun technology and parts of the WunWun team. Read More
Uber Is Testing Cash Payments In India
May 12, 4:47AM
Uber is synonymous with its cashless payment experience, but that’s about to change. At least in India, initially. Read More
FTC Officials Back Tesla's Right To Sell Cars Direct To Consumers
May 11, 11:36PM
Key officials at the FTC aren’t mincing words in a new post defending the right of manufacturers to sell directly to consumers: Part of the U.S. regulatory trade organization’s executive team detailed its wider position following the publication of a letter of comment specific to new legislation in Michigan that would ease that state’s blanket ban on manufacturer-direct… Read More
Tech Giants Pile On In Support Of The NSA-Curtailing USA FREEDOM Act
May 11, 10:52PM
Following previous gestures of support, a grip of technology trade groups representing the industry’s largest players signed and released a letter expressing support for the House’s USA FREEDOM Act, a bill that would curtail the government’s bulk surveillance programs. Read More
Scorching FinTech Market Keeps Attracting New Players As NerdWallet Raises $64 Million
May 11, 10:09PM
NerdWallet, the six-year-old company launched with $800 by company co-founder and chief executive, Tim Chen, has raised $64 million in its first round of outside financing. Read More
Rackspace Plunges 11% On Lackluster Q2 Guidance
May 11, 10:02PM
After reporting its earnings, including a profit meet and a small revenue miss, shares of Rackspace are down sharply in after-hours trading. The cloud-focused company’s guidance for its current quarter failed to match expectations, clouding investor sentiment about Rackspace’s future growth. Read More
Mosaic Offers Color 3D Printing Using An Ingenious Automatic Mixing System
May 11, 10:00PM
Mosaic Manufacturing made waves a few weeks ago with the launch of the Palette, a system for printing multi-colored 3D objects. We were lucky enough to hang out with the team in Montreal where they showed us their device in the flesh, proving that they probably have one of the most compelling color printing add-ons in the market. Read More
Shervin Pishevar and Scott Stanford's SherpaVentures Is Raising $175M For A Second Fund
May 11, 9:58PM
SherpaVentures, the venture fund run by Shervin Pishevar and Scott Stanford, is raising a new $175 million fund, according to a filing with the SEC. This is the second fund from SherpaVentures for investing in startups at the Series A or Series B stage, and it is just a bit more than the $150 million it raised in Fund I. In addition to these main funds, Pishevar and Stanford have a $250… Read More
ScaleFT Wants To Make Managing Public Clouds Safer, Raises $800K Seed Round
May 11, 9:30PM
ScaleFT, a new DevOps startup founded by a number of former Rackspace executives and engineers, today announced that it has raised an $800,000 seed round with a strategic investment by Rackspace and participation from a number of angel investors, including CoreOS CEO Alex Polvi (who himself previously worked at Rackspace). Read More
Equity Crowdfunding Platform FlashFunders Is Automating Securities Law For Seed-Stage Rounds
May 11, 8:45PM
Thanks to the JOBS Act, the world of equity crowdfunding is blowing wide open. FlashFunders, an equity crowdfunding platform, is announcing a new program that automates the process for entrepreneurs, making it entirely free to raise or invest in a seed round. Read More
Rand Paul Appoints Bitcoin-Friendly Overstock CEO To Tech Counsel
May 11, 7:41PM
Sen. Rand Paul (R-KY) has appointed Overstock.com CEO Patrick Bryne to his tech counsel, a group that includes Michele Weslander Quaid of Google, and Brandon Hudgeons of Schoox and will help shape the presidential candidate’s tech platform. Read More
Wiith Is Like Tinder For Meeting New Friends, Not Dates
May 11, 7:19PM
If you’re looking to meet new people but don’t want to explicitly commit to it being a date, as on Tinder, a new app called Wiith wants to help. The social app aims to connect nearby people who share the same interests and have them join up for local activities and events – like a more informal version of Meetup, perhaps. The idea that the younger, mobile generation… Read More
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