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Uber's growth comes at a price: Deep losses

​Is Uber’s growth sustainable? The company’s rapid expansion comes at a significant expense to its bottom line, according to new documents which surfaced during the company’s fundraising efforts. Read more »


Uber buys Microsoft's Bing map business to challenge Google Maps

by Emily Parkhurst Uber 2 RS

Approximately 100 Microsoft (Nasdaq: MSFT) engineers are now Uber engineers.

The San Francisco transportation app maker has bought Microsoft's Bing mapping business and will take on the employees working on that system, according to TechCrunch. Terms of the deal were not disclosed.

Uber has been interested in building a mapping product for a while now to replace Google Maps, which is what its  ...

16 minutes ago

Startup figures out how to waste less mayonnaise

by Sara Castellanos orkla

LiquiGlide, the maker of spray-on coating that aims to make products and packaging more efficient, has struck a deal with a Norwegian conglomerate that will allow people to waste less mayonnaise.

The Cambridge-based firm announced Tuesday a licensing agreement with Norwegian conglomerate Orkla ASA that gives the company rights to use LiquiGlide's slippery coating for mayonnaise products in Nordic  ...

1 hour ago

Energy companies to take VC's role in funding startups

by Suzanne Edwards Pramitha

When it comes to startup funding, major energy companies have stepped up the allocation of their resources in recent years by establishing their own venture capital arms and challenging the role that traditional venture capitalists and angel investors play, according to a new report from Virginia-based Landon IP and U.K.-based CPA Global.

Oil and gas companies will fund startups in disruptive  ...

1 hour ago

‘Alternate’ food pioneer Hampton Creek hits mainstream shelves

by Annie Sciacca Josh Tetrick, Hampton Creek

A little over a year ago, Hampton Creek wasn’t in any stores.

Today, the technology startup with a mission to fix the “broken food system” is in more than 15,000 locations and recently signed a deal with global food service company Compass Foods to be its exclusive mayo producer and provide its standard cookie.

The impact of that, said Hampton Creek founder Josh Tetrick, is huge. The  ...

2 hours ago

5 ways rural businesses can get hard-to-find capital and customers

by Cheryl Lynch 5 ways rural businesses can get hard-to-find capital and customers

Growing a rural business requires you to take some steps that you might not otherwise need in a metro areas.

You must tailor your business to the area that you will serve because customers, capital and connections can be harder to come by in rural communities.

Given that almost everyone may be a potential customer, your successes and failures are magnified. You must also plan for economic  ...

3 hours ago

Fast-growing delivery startup Instacart delivers on big ideas

by Richard Procter Apoorva Mehta, Instacart

Instacart, the fast-growing delivery service that now operates in 15 of the largest cities in the United States, started with three hungry nerds.

The company was founded in 2012 by Apoorva Mehta, Brandon Leonardo and Max Mullen.

“A lot of the inspiration was personal need,” Mullen said. “We looked at this as a problem. The way that we shop at grocery stores today cannot possibly be  ...

4 hours ago

Khosla Ventures' Bruce Armstrong on why Big Data is headed for big consolidation

by Cromwell Schubarth Khosla Ventures Operating Partner Bruce Armstrong

Bruce Armstrong, an operating partner at Khosla Ventures, says he gets a sense deja vu when he works with the firm's portfolio companies in the Big Data sector.

Just as the enterprise database sector consolidated around a few major providers after being awash in startups at one time, Armstrong believes Big Data will have a shakeout in the coming years.

In a recent interview, he talked about that  ...

4 hours ago
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