Month: May 2017

Alex Wilhelm is the editor-in-chief of Crunchbase News and co-host of Equity, TechCrunch’s venture capital-focused podcast. More posts by this contributor: 2017 is miles ahead of 2016 when it comes to IPOs. Instead of the mere two tech IPOs we had this time last year, there have been at least 10, depending on what you count
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The tech industry is opening its eyes to the possibilities of raising money using cryptocurrencies like bitcoin and Ethereum through ‘initial coin offerings,’ and it’s about to see the first ICO from a major venture-backed company. Last week, Kik, a messaging app popular with young people in North America, announced an ambitious plan to launch its own currency
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Taxi drivers in Spain are protesting against ride-hailing apps Uber and Cabify today, holding strikes in multiple cities and a protest march in the capital. Early reports suggest 20,000 protestors took to the streets in Madrid. Meanwhile, both companies are continuing to recruit drivers — using another Spanish startup, Jobandtalent, to help them do so. For example, the below ad running
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CrowdJustice, a startup that brings crowdfunding to “public interest” litigation, has raised $2 million in seed funding for U.S. expansion. First Round Capital, and Venrock led the round, with participation from Bessemer, and previous investor Kindred Capital. The company also counts Bela Hatvany (first investor in JustGiving) and Jonathan McKay (Chairman of JustGiving) as backers.
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Taxi drivers in Spain are striking today in cities including Madrid, Barcelona and Valencia to protest at what they see as the exploitative practices of ride-hailing transportation apps Uber and Cabify. Cab drivers in Barcelona are staging a 24 hour strike and will be taking their distinctive black and yellow cars to Madrid to take part in a demonstration in the
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Naspers has taken a bite out of yet another food delivery startup, with its commitment to lead and $80 million investment in the Indian online ordering and food delivery startup, Swiggy. The global internet and entertainment conglomerate has invested in several online food ordering and delivery companies worldwide, including the Brazilian company iFood and, in Mexico, SinDelantal. Earlier
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The UK Prime Minister is using the annual G7 summit of seven of the world’s major industrialized democracies to push for more to be done about online extremism, including co-ordinating on ways to force social media platforms to be more pro-active about removing and reporting extremist content to authorities. Theresa May is chairing a counter-terrorism session at the
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Mercedes-Benz announced the price of its new electric 2017 Smart Fortwo: $23,800 for the hard-top coupe and $28,000 for the cabrio with a sliding canvas roof. The new coupe’s price is $1,200 less than the outgoing model, but the cabrio’s price is exactly the same. Besides the price, there are some practical improvements for the
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