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Swiping right on virtual relationships
Sep 23, 12:36AM
Sextech entrepreneur and advocate Bryony Cole is planning for a future when entire relationships exist in virtual reality.
White House says a draft executive order reviewing social media companies is not "official"
Sep 22, 9:18PM
A draft executive order circulating around the White House “is not the result of an official White House policymaking process,” according to deputy White House press secretary, Lindsay Walters. According to a report in The Washington Post, Walters denied that White House staff had worked on a draft executive order that would require every federal agency to […]
Cinematic train wreck, "The Room", is now on YouTube in its entirety
Sep 22, 6:48PM
The Room has been ranked with Plan 9 From Outer Space as a strong contender for the “best” worst movie ever made — and it’s now available in its entirety on YouTube. Written, directed, and starring Tommy Wiseau, The Room belongs in the same category as Plan 9, and Coven (which was immortalized in the 1999 documentary American […]
Comcast outbids Fox in $40B battle for Sky
Sep 22, 6:33PM
Comcast has outbid Twenty-First Century Fox for the UK's Sky, a final step in what's been a years-long takeover battle between the two media conglomerates.
Corporate venture investment climbs higher throughout 2018
Sep 22, 6:00PM
Many corporations are pinning their futures on their venture investment portfolios. If you can't beat startups at the innovation game, go into business with them as financial partners. Though many technology companies have robust venture investment initiatives—Alphabet's venture funding universe and Intel Capital's prolific approach to startup investment come to mind—other corporations are just now doubling down on venture investments.
Singapore is the crypto sandbox that Asia needs
Sep 22, 5:31PM
Singapore Blockchain Week happened this past week. While there have been a few announcements from companies, some of the most interesting updates have come from regulators, and specifically, the Monetary Authority of Singapore (MAS). The financial regulator openly discussed its views on cryptocurrency and plans to develop blockchain technology locally. For those who are unfamiliar, Singapore historically […]
Fintech startups: Apply to exhibit for free as a TC Top Pick at Disrupt Berlin 2018
Sep 22, 5:25PM
Fintech promises to be one of the hottest topics at Disrupt Berlin 2018, and you can take that to the bank — see what we did there? On 29-30 November thousands of attendees will descend on Berlin, and what better way to get your fintech business in front of them than to exhibit in Startup Alley? Oh […]
Seven reasons not to trust Facebook to play cupid
Sep 22, 5:00PM
This week Facebook has launched a major new product play, slotting an algorithmic dating service inside its walled garden as if that’s perfectly normal behavior for an ageing social network. Insert your [dad dancing GIF of choice] right here. Facebook getting into dating looks very much like a mid-life crisis — as a veteran social […]
Understanding Renaud Laplanche's next Upgraded act
Sep 22, 4:45PM
Renaud Laplanche spent ten years building LendingClub. In the process, he created an industry from scratch. Circumventing conventional banking channels for consumer credit began in 1996 when Chris Larsen started E-LOAN, which ultimately led to Prosper Marketplace. But LendingClub, which Laplanche founded in 2007, was and remains the poster child for the business of marketplace […]
A Lime scooter rider died this morning in Washington, D.C., marking the second fatality this month
Sep 22, 1:35AM
Lime, the 18-month-old, San Francisco-based company whose bright green bicycles and scooters now dot cities throughout the U.S., launched a pilot program in Tacoma, Washington, today, but that tiny victory might have felt short-lived. The reason: on the opposite side of the country, a Lime rider was killed today by an SUV while tooling around Washington […]
Japan's Hayabusa 2 mission lands on the surface of a distant asteroid
Sep 21, 10:55PM
The coolest mission you haven't heard of just hit a major milestone: the Japanese Hayabusa 2 probe has reached its destination, the asteroid Ryugu, and just deployed a pair of landers to its surface. Soon it will touch down itself and bring a sample of Ryugu back to Earth! Are you kidding me? That's amazing!
Mithril Capital Management, cofounded by Ajay Royan and Peter Thiel, is leaving the Bay Area
Sep 21, 9:04PM
>From its glass-lined offices in San Francisco’s leafy Presidio national park, six-year-old Mithril Capital Management has happily flown under the radar. Now it’s leaving altogether and relocating its team to Austin, a spot that, among others the firm had considered, has “enough critical mass of a technical culture, an artisanal culture, an artistic culture, and […]
VCs say Silicon Valley isn't the gold mine it used to be
Sep 21, 9:01PM
In the days leading up to TechCrunch Disrupt SF 2018, The Economist published the cover story, ‘Why Startups Are Leaving Silicon Valley.’ The author outlined reasons why the Valley has “peaked.” Venture capital investors are deploying capital outside the Bay Area more than ever before. High-profile entrepreneurs and investors, Peter Thiel, for example, have left. Rising […]
Polestar unveils first production EV with aim to overtake Tesla
Sep 21, 6:58PM
Polestar debuted its first production EV and previewed its electric car line in New York with the CEO squarely taking aim at Tesla. The Volvo subsidiary pulled the cover off its Polestar 1, which it positioned less as a hybrid and more as a fully electric (gas optional) car to attract fence sitters to EVs.
Twitter says bug may have exposed some direct messages to third-party developers
Sep 21, 6:41PM
Twitter said that a “bug” sent user’s private direct messages to third-party developers “who were not authorized to receive them.” The social media giant began warning users Friday of the possible exposure with a message in the app. “The issue has persisted since May 2017, but we resolved it immediately upon discovering it,” the message […]
Instagram denies it's building Regramming. Here's why it'd be a disaster
Sep 21, 6:05PM
Instagram tells me Regramming, or the ability to instantly repost someone else’s feed post to your followers like a retweet, is “not happening”, not being built, and not being tested. And that’s good news for all Instagrammers. The denial comes after it initially issued a “no comment” to The Verge’s Casey Newton, who published that […]
Early-bird tickets close today, 9/21
Sep 21, 4:30PM
TC Sessions: AR/VR on October 18 at UCLA is gearing up to be a great show. Early-bird sales end after today, September 21. Don’t miss out on the biggest savings for this event — book your $99 tickets here before prices go up by $100. The stage will feature some of the industry's most groundbreaking […]
Interiors startup Clippings raises $15.4M Series B with Advance Venture Partners
Sep 21, 4:22PM
Back in April we saw that eporta, a London-based B2B interiors marketplace startup, had raised $8 million in a Series A funding round led by US investor Canvas Ventures. Eport has digitized the catalogues of furnishing manufacturers and allowed businesses to order direct, cutting out the middle-men. Now London is continuing its obsession with interior […]
Luxury fashion marketplace Farfetch closes at $28.45, up 42% on its first day of trading on NYSE
Sep 21, 3:31PM
It’s been a strong year for tech IPOs so far, and it looks like today’s debut of Farfetch — a UK-based shopping site for luxury fashion — is on trend, so to speak. The company opened trading today — on NYSE under the ticker FTCH — at $27, making for a decent pop of 35 […]
On-demand trucking app Convoy raises $185M at $1B valuation
Sep 21, 3:03PM
CapitalG, the growth equity arm of Alphabet, has led the $185 million round in Convoy, its first investment in the Seattle-based, tech-enabled trucking network. The round brings Convoy’s total raised to $265 million and values the company at $1 billion. New investors T. Rowe Price and Lone Pine Capital participated in the financing alongside existing […]
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