• On-demand shipping startup Shyp is shutting down

    6 monthes ago - By Tech Crunch

    After rocketing to a $250 million valuation in 2015 amid a massive hype cycle for on-demand companies, on-demand startup Shyp is shutting down today.
    CEO Kevin Gibbon announced that the company would be shutting down in a blog post this afternoon. The company is ending operations immediately after, like many on-demand companies, struggling to find a scalable model beyond its launching point in San Francisco. Shyp missed targets for expanding to cities beyond its core base as well as pulled back from Miami. In July, Shyp said it would be reducing its headcount and shutting down all...
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  • The CEO of hyped trading startup Algomi is out

    The CEO of hyped trading startup Algomi is out

    6 monthes ago - By Business Insider

    Stu Taylor, the CEO of hyped bond trading startup Algomi, has left the firm, according to people familiar with the matter.
    Algomi runs the Honeycomb Network, a platform that lets investors see which dealer is best placed to make corporate bond trades happen. The firm has won a bunch of fintech awards, and counts investment from Lakestar, Euronext, AllianceBernstein and S&P Global.
    In November, it launched Algomi ALFA, a pre-trade fixed income data aggregation and market surveillance tool for bond investors. That followed Algomi's acquisition of AllianceBernstein's ALFA platform earlier in...
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