Tech News

Countingup, a startup from founder of Clear Books, raises ​$750K to merge banking and accounting

TechCrunch -

 Countingup, a new fintech startup from Tim Fouracre, who previously founded cloud accounting software Clear Books, wants to simplify the life of sole traders by reinventing the business bank account. Specifically, Fouracre’s vision is that for one-person enterprises, business banking and accounting software should be merged so that book keeping and filing accounts can be automated. Read More

SoFi held acquisition talks with Charles Schwab

TechCrunch -

 SoFi, the online lending giant, held conversations with Charles Schwab about a potential acquisition by the brokerage firm, according to a source with knowledge of the discussions. The M&A talks were first reported by the Financial Times and were said to take place earlier this year. In addition to Charles Schwab, the FT reported that there were discussions with several other unnamed… Read More

Automile raises $34M Series B led by Insight Venture Partners for its vehicle fleet tracking and management service (Alex Konrad/Forbes)

Techmeme -

Alex Konrad / Forbes:
Automile raises $34M Series B led by Insight Venture Partners for its vehicle fleet tracking and management service  —  Jens Nylander's career has followed an unusual progression from MP3 players to plumbing trucks.  —  As a college student in his native Sweden, Nylander had launched …

Unlike the Internet and smartphones, new technology waves like AI and self-driving cars tend to favor cash-flush data-rich tech incumbents rather than startups (Jon Evans/TechCrunch)

Techmeme -

Jon Evans / TechCrunch:
Unlike the Internet and smartphones, new technology waves like AI and self-driving cars tend to favor cash-flush data-rich tech incumbents rather than startups  —  There's a weird feeling afoot these days, in the Valley, and in San Francisco.  Across the rest of the world — Denver, Santiago …

Google 'actively investigating' reports of Pixel 2 XL screen burn-in (Dieter Bohn/The Verge)

Techmeme -

Dieter Bohn / The Verge:
Google ‘actively investigating’ reports of Pixel 2 XL screen burn-in  —  Bad to worse  —  Over the weekend, people with review units of the Pixel 2 XL began noticing a problem.  No, not the already-known issues of muddy color and grainy textures when viewed in low-light, but one that's potentially more worrisome: screen burn-in.

Chinese online lender Qudian raised $900M in US IPO, closed up 22% on its first day of trading on Wednesday (Financial Times)

Techmeme -

Financial Times:
Chinese online lender Qudian raised $900M in US IPO, closed up 22% on its first day of trading on Wednesday  —  Qudian, one of China's largest online lenders, had a debut to remember on the New York Stock Exchange this week.  Its shares closed up 22 per cent, making a multi-millionaire of founder and chief executive Min Luo.

Unboxing Stitchfix’s S-1

TechCrunch -

 When Zuiily went public in 2013, it sparked a resurgence of interest in an otherwise lagging e-commerce market. Quickly trading up to reach an $8B market cap — valuing the company at over 10 times revenues — Zulily became the poster child of the flash sales boom. Over the ensuing months and years, concepts such as curated commerce, conversational commerce, flash sales,… Read More

UK regulators order 450+ sites to remove casino games allegedly targeting the under-18 crowd, following an investigation by The Times (Jon Fingas/Engadget)

Techmeme -

Jon Fingas / Engadget:
UK regulators order 450+ sites to remove casino games allegedly targeting the under-18 crowd, following an investigation by The Times  —  Have you ever seen a gambling machine or website that was all too conspicuously aimed at children?  British regulators certainly have.

Hiya, spun out from Whitepages a year ago, raises $18M Series A for its smart caller ID technology (Ingrid Lunden/TechCrunch)

Techmeme -

Ingrid Lunden / TechCrunch:
Hiya, spun out from Whitepages a year ago, raises $18M Series A for its smart caller ID technology  —  Hiya came to life a year ago when it was spun out by Whitepages to take on TrueCaller and others in the world of smart caller ID services.  Using machine learning analytics on a vast database …

Essential Phone price drops $200 to $499, a few months after its debut; current US customers get online credit toward other Essential purchases (Darrell Etherington/TechCrunch)

Techmeme -

Darrell Etherington / TechCrunch:
Essential Phone price drops $200 to $499, a few months after its debut; current US customers get online credit toward other Essential purchases  —  Essential has an offer that's honestly very hard to refuse: The price of the Essential Phone (PH-1, going by technical model number), is now $200 cheaper, so $499 off-contract and unlocked.

Essential Phone gets a $200 price drop, existing customers get credit

TechCrunch -

 Essential has an offer that’s honestly very hard to refuse: The price of the Essential Phone (PH-1, going by technical model number), is now $200 cheaper, so $499 off-contract and unlocked. That’s an amazing price for their debut smartphone, which remains my favorite in terms of straight up industrial design (and it has one of the best color-tuned displays in devices right now in… Read More

Defensible strategies for food tech entrepreneurs facing the Amazon juggernaut

TechCrunch -

 Ever since Amazon’s acquisition of Whole Foods became official in August, food tech entrepreneurs have been holding their collective breath in anticipation of what comes next. First prices dropped; now, apparently, they’re on the rise. Without knowing Bezos’ ultimate vision for an Amazon-owned Whole Foods, food tech companies must decide whether and how to compete. I offer… Read More

Oliver Cabell raises $1.2 million to slip into the shoe business

TechCrunch -

 Oliver Cabell, a Los Angeles-based startup selling bags and other accessories, has raised $1.2 million to slip into the shoe business. The company’s high end canvas and leather bags caused a bit of a stir around TechCrunch’s offices a few years ago (we were too busy using the bags to review them) — and now the company’s ready to try on footwear to see how the new… Read More

Survey of 1,011 US tech workers: 43% worry about losing their job due to age, 87% say diversity possibly or definitely has a positive impact on performance (Raj Mukherjee/Indeed Blog)

Techmeme -

Raj Mukherjee / Indeed Blog:
Survey of 1,011 US tech workers: 43% worry about losing their job due to age, 87% say diversity possibly or definitely has a positive impact on performance  —  In many cultures, elders are held in high regard as a source of wisdom.  —  In the world of tech, it often seems—not so much.

The rise of big data policing

TechCrunch -

 A towering wall of computer screens blinks alive with crisis. A digital map of Los Angeles alerts to 911 calls. Television screens track breaking news stories. Surveillance cameras monitor the streets. Rows of networked computers link analysts and police officers to a wealth of law enforcement intelligence. Real-time crime data comes in. Real-time police deployments go out. This high-tech… Read More

Take a look at Apple’s first ‘Town Square,’ its most beautiful retail store yet

TechCrunch -

 This weekend, Apple took the wraps off of its first “Town Square” retail store in Chicago. The location marks Apple’s 497th retail store. The new space replaces the company’s flagship North Michigan Ave store which opened in 2003. TechCrunch took a tour with Apple’s senior VP of retail, Angela Ahrendts, and saw the ins and outs of the company’s latest… Read More

Google says it plans to take a percentage of fees for subscriptions publishers get via its upcoming subscriber targeting tools (Madhumita Murgia/Financial Times)

Techmeme -

Madhumita Murgia / Financial Times:
Google says it plans to take a percentage of fees for subscriptions publishers get via its upcoming subscriber targeting tools  —  Google plans to share revenues with publishers which benefit from the company's new digital subscription tools, in a scheme comparable to its successful advertising revenue model.

Tesla reportedly made deal to open a manufacturing facility in Shanghai

TechCrunch -

 Tesla has reportedly made a deal with the government in Shanghai to open up a manufacturing facility in the city’s trade-free zone, the Wall Street Journal reports. Foreign car-makers traditionally partner with local manufacturers, but that will reportedly not be the case with Tesla. Instead, Tesla will own the entire factory. That means Tesla will be able to cut some costs of production… Read More

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