Accel leads HotelTonight’s $37M Series E
TechCrunch--Last minute hotel booking app HotelTonight has closed a $37 million Series E round of funding — having last raised in early 2014. The 2010 founded company has raised a total of $117.69M to date, according to CrunchBase, with a valuation pegged at $463M.
Fund Investors Load Up on Property Debt
The Wall Street Journal--The state of Kentucky’s $16 billion pension fund has long invested a portion of its assets in commercial-real-estate funds managed by private-equity firms, but lately it is more interested in funds that make loans than those that buy property.
Alexa and Cortana May Be Heading to the Office
The Wall Street Journal--The next assistant in many offices could be named Alexa or Cortana. In 2016, Silicon Valley obsessed over how text-based bots in apps like Slack could make employees more efficient, turning complicated tasks or forms into conversational texts. Now, following the success of Amazon Inc.’s Alexa and Alphabet Inc.’s Google Home, people in the technology industry are increasingly thinking about how such voice-activated devices can be made useful in the workplace.
How AI Is Transforming the Workplace
The Wall Street Journal--Move over, managers, there’s a new boss in the office: artificial intelligence. The same technology that enables a navigation app to find the most efficient route to your destination or lets an online store recommend products based on past purchases is on the verge of transforming the office—promising to remake how we look for job candidates, get the most out of workers and keep our best workers on the job.
The inaugural CNBC Upstart 25: Promising young start-ups
CNBC--The inaugural Upstart 25, CNBC's first-ever list of promising young start-ups, features a diverse group of companies that are building brands and breaking industry barriers on the path to becoming tomorrow's household names.
Snap: Rewriting ‘Art of War’ for social networking — by not documenting anything
TechCrunch--Social networks may be the most valuable and durable types of businesses powered by “network effects,” the phenomenon of products or services becoming more powerful the more people use them. The social-networking companies in our recently launched Network Effect Index — a group of current and formerly public consumer-Web companies valued at $1 billion or more — outperformed the S&P by over 170 percent in the last five years, the most of any business category in the index.
SumUp co-founders are back with bookkeeping AI startup Zeitgold
TechCrunch--The next time you go to your favorite restaurant or cocktail bar, talk with the manager about bookkeeping. Chances are that they’ll tell you that they waste a ton of time collecting and recording various documents. German startup Zeitgold wants to automate this pesky process so that you can spend more time on your actual business.
Keys to ascending the consumer-internet throne
TechCrunch--“Category kings,” defined as market-share leaders in particular business sectors, often wind up creating the majority of the market value relative to their competition.
How real investors separate AI hype from reality
VentureBeat--Artificial intelligence has captured public imagination, dominated media coverage, and driven furious volumes of investment and acquisition activity. In the midst of this hype cycle, spotting the difference between phony wannabes and true investments can be a challenge.
Tech Executives Brace for Changes to Visa Programs
The Wall Street Journal--The prospect of change to the visa system for highly-skilled foreign workers has some executives in the technology industry on edge, though impact on the industry could vary widely depending on how any adjustment is made.
Build bridges instead of walls
TechCrunch--I watched our new administration’s immigration policy play out this weekend with a sense of dread (along with much of the rest of America).
Forbes 30 under 30 Finance: Europe
Forbes--The members of this year’s 30 Under 30 Europe list are culled from over one thousand online nominations and research by a team of reporters at Forbes and across Europe.
30 Under 30 Venture Capital: Meet The Top Young Tech Investors For 2017
Forbes--Back the right company as a venture capitalist, and you can find yourself in the boardroom of tech's next big thing, working closely with entrepreneurs as they build the next Facebook, Uber or Airbnb and reaping rewards that have turned a select few into billionaires.