Mark Cuban says founders who delay IPOs are 'destroying our economy'

The Shark Tank star investor and Dallas Mavericks owner argues the reasons being offered to remain private aren't good enough. Read more »

Startups - The on-demand economy

Former Medifast CEO's meal delivery startup hopes to stand out with tech, short prep

by Sarah Gantz garden fresh vegetables

BALTIMORE—Baltimore meal delivery startup Terra’s Kitchen is counting on short meal prep times, vegetarian options and a high-tech delivery system to beat out growing competition when the company launches on the East Coast March 1.

Terra’s Kitchen was founded in February 2015 and in July did a soft launch on the West Coast to fine-tune its service.

Terra’s Kitchen joins a fast-growing  ...

14 minutes ago
Loot - IPO watch

Palantir co-founder Lonsdale calls LinkedIn plunge a bad sign for unicorns

by Cromwell Schubarth Joe Lonsdale

SILICON VALLEY—The huge drop for LinkedIn on Friday is a bad sign for Silicon Valley "unicorns," according to Joe Lonsdale, the Formation 8 venture investor who co-founded Palantir Technologies.

The Mountain View professional networking company is one of the businesses whose value is based on a "network effect" that presumes that today's revenue is just scratching the surface of future  ...

59 minutes ago
Loot - Bootstrappin'

Startup proves you can launch a biotech without the help of VCs

by Don Seiffert Brugger on left, Malley on right

BOSTON—Fifteen months after its official launch with a focus on developing a vaccine for pneumonia, Affinivax is still proving that you don’t always need the backing of venture capitalists to run a biotech firm.

Today the small Cambridge company says it’s getting a $2.5 million equity investment from the Bill & Melinda Gates Foundation to help fund pre-clinical research on the  ...

1 hour ago
Loot - VC maneuvering

Tech banker who advised AOL Time Warner merger launches venture fund

by Anthony Noto Terence Kawaja

NEW YORK—A new venture capital fund is launching with some well known advisers at the helm.

Terry Kawaja, the founder and CEO of New York-based Luma Partners, has begun fundraising for a new fund. Leading the initiative with him are Sumeet Jain and Carey Lai.

Kawaja, a longtime tech banker, advised the 2000 merger between AOL and Time Warner. Prior to founding Luma, he was co-head of digital  ...

2 hours ago
Rebel Brands - Planet for sale

Groupon can't fly you to Mars for Valentine's Day, but it's got next best thing

by Lewis Lazare mars planet

CHICAGO—Groupon, the Chicago-based online deals company, has gone all the way to Mars in search of the perfect Valentine's Day gift.

Though Groupon (NASDAQ: GRPN) apparently isn't the first enterprising organization on planet Earth to try this, it is undercutting the competition and selling what it claims to be an acre of land on Mars for $15, less than half Groupon's original asking price of  ...

3 hours ago
Startups - Super Bowl 50

NFL, Stanford show off the future of sports in startup competition

by Jody Meacham nfl tech event

SILICON VALLEY—One day soon, the instant replay you see during a National Football League game might come from a camera embedded in a player’s jersey. Buying tickets for next week's game could be done with just a text message.

Those were among the concepts pitched Saturday at "NFL 1st & Future," an startup competition sponsored by TechCrunch and hosted by the Stanford University Graduate  ...

7 hours ago
Startups - Puget Sound Business Journal

Seattle startup exports French cooking

by Melissa Crowe Sansaire

PUGET SOUND—French-style sous vide cooking isn’t just for the hyper-foodie. Sansaire, a Seattle startup that manufactures a device for water-bath cooking, is bringing the technology to home kitchens worldwide.

Sansaire started in August 2013 after a record-breaking Kickstarter fundraiser. It boasts the title as Kickstarter’s No. 1 most-funded food product and it reached its $100,000 target  ...

22 hours ago
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