The Big Stories
Saudi Arabia invests $3.5 billion in Uber. This investment is the ridesharing company’s largest cash infusion from a single investor. Philipp Berner comments: “You could think it was a series A if it wasn’t for the ‘b.'”
Microsoft opens Windows Holographic to device makers and software developers in a bid to strengthen its position in the augmented reality market. Thomas Nigro tweets: “Microsoft missed the Mobile train, but they’re already on board for the next big things in Tech.”
Guido Vilariño says of Y Combinator: “They always put their money where their mouth is.” The early-stage startup accelerator recently launched a short-term study to see how people act when their basic expenses are covered.
Governments can now spy on citizens right in their living rooms with commercial spyware. New York Times tells the story of Ahmed Mansoor, a human rights activist who discovered he was under surveillance by his government. Tim Shorrock comments: “Ah yes, ain’t the private sector great?”
Barbara Fiala says “Congrats to longtime co-investors Rajeev Madhavan, Christopher Rust on launching Clear Ventures.” The Silicon Valley VC firm just launched a $120 million fund for early stage startups.
Ananda G tweets that “passengers in an autonomous taxi experience terror at first, quickly followed by acceptance and then boredom.” That’s probably a good thing because autonomous taxis may soon be a daily part of our lives. Nutonomy, a self-driving car startup, just raised $16 million with plans to launch autonomous taxis in Singapore this fall.
Salesforce plans to buy Demandware for $2.8 billion in a bid for a piece of the e-commerce marketplace. Shira Ovide tweets: “Fancy. Code name for Salesforce-Demandware deal apparently was ‘Project Champagne.'”
Nokia acquires Withings for $190 million with plans to use the health and fitness gadget maker’s tech to build on existing expertise in preventative healthcare. Berci Meskó says the acquisition “is brilliant if executed correctly.”
The high pressures of founding a startup can almost push you over the edge. These founders share how they de-stress. Gigster tweets one pro-tip: “@Happify can help #founders and others deal with stress.”
Alexey Kistenev, the founder and CEO of Interweb shares how to launch a successful Slack bot. Joe Nekrasz comments: “Interesting info about launching Slack bots, still sort of surprised about slackbot startups.”
Simon Chandler writes that “technological innovation is often simply an innovation in how we think about technology.” Technological breakthroughs depend as much on change in thinking and action as they do pure innovation.
ADP has plans to help companies determine employee flight risk. The human capital management and payroll company hopes its proprietary algorithms will provide companies with valuable insight on how to retain employees. Nathan Wehr comments: “Access and understand your own data, but know the market too.”