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With a €20 million Series A Snapp opens up ride-sharing in Iran
Oct 09, 11:30AM
Investors have turned Iran into the latest country to embrace the ride sharing and car-hailing app phenomenon. The Iran Internet Group has secured a €20 million Series A round of financing for its ride sharing application Snapp. The South African mobile phone company MTN led the round. It is the only investor. MTN is a major shareholder of Irancell and Iran Internet Holdings. It has a… Read MorePioneer Square Labs' Greg Gottesman on the studio model for high growth startups
Oct 09, 10:30AM
You were a Managing Director at Madrona Venture Group for many years but recently left to found Pioneer Square Labs. You employ a different model for building startups i.e. it is neither a venture capital firm nor an accelerator. How is this new model different or better? The traditional way of starting a company will remain the most common, which is you have an idea and bootstrap it or… Read MoreA decentralized web would give power back to the people online
Oct 09, 8:30AM
Recently, Google launched a video calling tool (yes, another one). Google Hangouts has been sidelined to Enterprise, and Google Duo is supposed to be the next big thing in video calling. So now we have Skype from Microsoft, Facetime from Apple, and Google with Duo. Each big company has its own equivalent service, each stuck in its own bubble. These services may be great, but they… Read MoreThe importance of science fiction to entrepreneurship
Oct 08, 11:00PM
There are three types of science fiction (in my view): crap, serialized crap and hard-science science fiction. The last type contains a wealth of visions of the future, many of which we enjoy today, and is referenced in the names of, or has influenced, many tech startups and world-class entrepreneurs. Read MoreWhy an unhackable mobile phone is a complete marketing myth
Oct 08, 8:00PM
The mobile security market is taking off due to high-profile hackings. Is there such a thing as an unhackable phone? Consider this: The smartphone in your pocket is 10 times more powerful than the fastest supercomputers of just 20 years ago. The complexity is mind-boggling — and so are all the security vulnerabilities. Anyone claiming to sell an “unhackable phone” is… Read MoreSamsung addresses concerns over Galaxy Note 7 replacement issues
Oct 08, 5:40PM
Samsung’s media arm continues code red damage control in the wake of the latest report surrounding a faulty Galaxy Note 7. The incident, which occurred on a Southwest flight earlier this week, further complicates the matters for several reasons beyond the already troubling fact that it played out on a plane – which, thankfully, was still at the gate. The device involved in the… Read MoreThe method in Salesforce's M&A madness
Oct 08, 5:15PM
Salesforce has been on a shopping spree this year, spending in the neighborhood of $5-6 billion on 10 companies. That’s why it was interesting to hear company president, vice chairman and COO, Keith Block talk about what they look for in an acquisition target at a press conference at Dreamforce this week. This is particularly true in the context of rumors that Salesforce was interested… Read MoreHow blockchain can change the music industry
Oct 08, 3:00PM
Since the 1999 launch of Napster’s music-sharing platform, the music industry has been in near-constant turmoil, with dipping revenues, lack of transparency, piracy problems and feuds over the fair distribution of dividends. The blockchain has drawn the attention of investors and professionals in different industries, and is now showing promising signs to change the music industry. Read MoreE2E or GTFO
Oct 08, 1:00PM
Oh, Yahoo. We’re not just mad at you. We’re also really, really disappointed. First it took you two years to figure out that you were hacked by a nation-state. Then you allowed another nation-state — the US government — to scan all of your user’s emails … using a buggy Linux kernel module … without ever telling your security team. Seriously, Yahoo? Read MoreGovernment's refusal to recognize the rise of independent contractors is hurting the economy
Oct 08, 11:30AM
The workforce of the 21st century has been changing for years. Government, only recently perceiving the movement from a traditional workforce to an independent contractor model, is stifling innovation and hurting workers in the process. From Boston to Seattle, we are seeing a myriad of impulsive efforts to regulate everything from how an individual may use their vehicle to whom they allow… Read MoreCrunch Report | Verizon wants $1 billion discount on Yahoo deal
Oct 08, 3:40AM
Verizon wants a $1 billion discount on the Yahoo deal, Facebook launches a standalone Events app, Poland is testing some roads that glow blue at night for cyclists, carriers are accepting Note 7 replacement trade-ins and Maserati is working on an electric vehicle. All this on Crunch Report. Read More
Online food delivery still presents a $210B market opportunity
Oct 08, 3:00AM
I wrote last year about the broad, secular shift to online food ordering, and the significant capital inflows into the space that we were seeing. Fast-forward a year, and we’re now looking at a very different funding environment: international inflows of capital to the food delivery category dropped 69 percent in Q1 ’16, and then dropped another 49 percent in Q2 ’16. Read MoreGoogle shuts down Panoramio
Oct 08, 12:57AM
Panoramio, the location-centric photo sharing service Google acquired in 2007, will show its last image on November 4. For the longest time, Google used Panoramio to augment its Google Maps and Google Earth services with crowdsourced imagery. Now that the company has integrated photo uploads into the Google Maps mobile apps and launched its Local Guides program, Panoramio clearly isn’t… Read MoreDetermining the worth of your SaaS company
Oct 07, 11:00PM
The opaque, confusing and highly volatile practice of valuing a private SaaS business is frustrating for entrepreneurs and investors alike. Furthermore, the lack of transparency adds a tremendous amount of friction to a capital raise or the sale of a company. The reality is, it’s not all that hard to get a quick read on your SaaS company’s valuation. Read MoreGoogle researchers aim to prevent AIs from discriminating
Oct 07, 10:34PM
Garbage in, garbage out — that’s always been a rule of computing, and machine learning systems are no exception. These elementary AIs only know what we tell them, and if that data carries a bias of any kind, so too will the system trained on it. Google is looking to avoid such awkward and potentially serious situations systematically with a method it calls “Equality of… Read MoreNetflix's theater deal is a small step for subscriber growth and a big leap toward an Oscar
Oct 07, 9:48PM
Netflix announced a new theater distribution deal with iPic Entertainment, a theater chain with 15 locations throughout the country. The deal will put 10 Netflix original films (a substantial portion of Netflix’s original films this year) in iPic’s New York and Los Angeles theaters. Getting their content into theaters around the country is a smart move by Netflix, for more reasons… Read MoreSnapchat launches post-roll ads, Story Playlist that loads favorites in bulk
Oct 07, 9:00PM
Snapchat is fighting back against Instagram Stories, which rocketed to 100 million daily users by spotlighting the cloned feature atop the feed. To make Snapchat more “friends first,” it’s moving friends’ Stories above Discover where they used to be to make sure you don’t miss people you care about. And to make it easier to watch all your favorites… Read MoreMophie's charging case is a no-brainer for wireless earbud owners
Oct 07, 8:46PM
Being synonymous with a particular product category is a mixed blessing. Mophie is undoubtedly the best-known name in the battery case business, but the company has been keen to distance itself from the space a bit — or, at the very least, let it be known that it has more to offer the world. Mophie released a whole bunch of new power banks a few weeks back. Necessary, sure, but… Read MoreU.S. officially attributes DNC hack to Russia
Oct 07, 8:16PM
The Department of Homeland Security and the Office of the Director of National Intelligence confirmed today what cybersecurity companies have asserted since emails from Democratic National Committee employees leaked online over the summer: State-sponsored Russian hackers are responsible for the breach. “The U.S. Intelligence Community is confident that the Russian government directed… Read MoreNew Lab is a new home for hardware startups in Brooklyn's Navy Yard
Oct 07, 8:01PM
New Lab, which co-founder David Belt described as “a collaborative workspace” for companies in fields like robotics and artificial intelligence, officially opened last month. The facility is located in Brooklyn’s Navy Yard, in a building that was once used to assemble ships. Belt said he wanted to bring the building back as a manufacturing center, except updated for… Read MoreIf at any time you'd like to stop receiving these messages, just send an email to feeds_feedburner_com_techcrunch+unsubscribe-hmdtechnology=gmail.com@mail.feed2email.net.
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