• Sonos will attempt to avoid the same fate suffered by fellow hardware companies FitBit and GoPro, whose share prices have dropped 80% since they went public

    13 days ago - By Business Insider

    Sonos' IPO last week showed a promising forecast for the home audio system company, with shares eventually level ling out to about $19.
    The company is now valued at $1.5 billion , but investors are concerned about Sonos' long-term endurance as it gravitates toward producing products with longer shelf lives, which result in longer replacement cycles.
    As this chart from Statista shows, the track record of other consumer hardware companies like Fitbit and GoPro is a trajectory that Sonos should avoid. Both companies saw encouraging IPO results before declining sales eventually caused share...
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  • Your banking data was once off-limits to tech companies. Now they're racing to get it

    Your banking data was once off-limits to tech companies. Now they're racing to get it

    13 days ago - By Washington Post

    Facebook says banks and credit-card companies have shown interest in partnerships that would boost the sharing of users' account balances, recent transactions and other financial data.
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  • What's the best way to get Americans to actually recycle?

    13 days ago - By Fast Company

    Increasingly, it seems like it's supporting expanding bottle deposit programs. But big beverage companies want any solution but that.
    In 2010, Pepsi set a goal : The company wanted to help raise the recycling rate for drink containers in the U.S. from around 38% to 50%. The company and PepsiCo Foundation spent $55 million on recycling efforts, from the Dream Machine -a kiosk that with rewards for recycled bottles-to support for the Closed Loop Fund , which helps cities implement curbside recycling. But the most recent numbers for the U.S. beverage container recycling rate show that it has...
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  • Klara picks up $11.5 million to improve communication in healthcare

    13 days ago - By Tech Crunch

    Health tech continues to make impressive strides forward, but some pieces of the healthcare puzzle are still lagging way behind.
    Communication is one of those pieces. But a startup called Klara, which just received $11.5 million in Series A, is looking to change that.
    FirstMark Capital led the round, with participation from existing investors Lerer Hippeau, Project A Ventures, and Atlantic Labs, alongside a few angels including Zac Weinberg and Nat Turner , Vivek Garipalli and Clark Valberg .
    Led by founders and co-CEOs Simon Bolz and Simon Lorenz, Klara looks to rethink the way that...
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  • In the midst of a recycling glut, a fuel cure?

    13 days ago - By Stl Today

    At a time when Philadelphia is having to pay to get rid of household trash it used to sell to recyclers, a South Jersey company says it wants to build a plant here that would recycle plastics, waste food, and...
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  • A CEO who sold his company for $800 million has helped build four $1 billion companies - here's why he thinks investors should get in early on one of tech's unsexy, neglected markets

    A CEO who sold his company for $800 million has helped build four $1 billion companies - here's why he thinks investors should get in early on one of tech's unsexy, neglected markets

    13 days ago - By Business Insider

    Bryan Johnson, who sold his company Braintree to PayPal for $800 million in 2013, has created a fund called OS Fund to invest in "deep tech" companies centered on the areas of science and technology.
    Of the 28 companies OS Fund has invested in since 2013, 26 saw an increase in their valuation, two were acquired, and four are now valued at $1 billion or more.
    Now, Johnson has raised a second fund, OS Fund II, to further more science-backed pursuits.
    "If you go to someone with money, and say, 'Hey, why don't you invest in science stuff?,' they'll probably say no," says Bryan Johnson...
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