startups

Latest

  • A sign advertising the online seller Etsy Inc. is seen outside the Nasdaq market site in Times Square following Etsy's initial public offering (IPO) on the Nasdaq in New York April 16, 2015. Etsy's IPO has been priced at $16 per share, a market source told Reuters, valuing the online seller of handmade goods and craft supplies at about $1.78 billion. REUTERS/Mike Segar

    Etsy warns of merchant payment processing delay due to Silicon Valley Bank collapse

    Following the collapse of Silicon Valley Bank, Etsy is warning sellers it may take longer than usual for the company to process some payments.

    Igor Bonifacic
    03.12.2023
  • SANTA CLARA, CALIFORNIA - MARCH 10: Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Silicon Valley Bank was shut down on Friday morning by California regulators and was put in control of the U.S. Federal Deposit Insurance Corporation. Prior to being shut down by regulators, shares of SVB were halted Friday morning after falling more than 60% in premarket trading following a 60% declined on Thursday when the bank sold off a portfolio of US Treasuries and $1.75 billion in shares to cover declining customer deposits. (Photo by Justin Sullivan/Getty Images)

    Roku says it could lose 25 percent of its cash after Silicon Valley Bank fails

    The sudden collapse of Silicon Valley Bank has put more than a quarter of Roku’s cash at risk.

    Karissa Bell
    03.10.2023
  • Clark County Commission Chairman Steve Sisolak reports on donations to a victims fund, including a $3 million donation from MGM Resorts International, during a media briefing at the Las Vegas Metro Police headquarters in Las Vegas, Nevada, U.S. October 3, 2017. REUTERS/Las Vegas Sun/Steve Marcus

    Nevada governor backpedals on plan to allow tech companies to form local governments

    Nevada Governor Steve Sisolak is retreating from his plan to introduce legislation that would have allowed tech companies to form local governments within the state.

    Igor Bonifacic
    04.26.2021
  • CANADA, TORONTO, ONTARIO - 2018/12/20: Part of a 'Peloton' gym bicycle which is in exhibit on a luxurious store located in Yonge Street. Downtown district of the Canadian city. (Photo by Roberto Machado Noa/LightRocket via Getty Images)

    Peloton will pay $420 million to acquire fitness equipment maker Precor

    In a press release, Peloton today confirmed its plans to acquire Precor, a maker of home and commercial-grade workout machines, for $420 million. The deal is expected to close by the end of 2021.

    Chris Velazco
    12.21.2020
  • PARIS, FRANCE - NOVEMBER 21: A visitor tries a virtual reality helmet Magic Leap One during the Virtuality Paris 2019 show on November 21, 2019 in Paris, France. Magic Leap is an American startup working on augmented reality technology. The virtual reality show and immersive technologies, Virtuality takes place from 21 to 23 November 2019 in Paris. (Photo by Chesnot/Getty Images)

    Magic Leap layoffs reportedly affect about half its workforce

    Magic Leap announced that it's laying off employees at every level of the organization, after compounding financial troubles.

    Marc DeAngelis
    04.22.2020
  • ASSOCIATED PRESS

    Senate bill aims to make user data 'portable' across social networks

    Three senators think they have a way to address some of the antitrust concerns around social media companies. Today, Sens. Mark R. Warner (D-Virginia), Josh Hawley (R-Missouri) and Richard Blumenthal (D-Connecticut) will introduce a bill that would force social media companies to make user data "portable," so that it can be easily transferred to competing (read: smaller) services.

    Christine Fisher
    10.22.2019
  • ASSOCIATED PRESS

    SpaceX 'rideshare' program launches satellites for just $2.5 million

    For space tech startups and other small companies doing research, one of the biggest hurdles is actually getting to space. SpaceX is looking to change that. Today, it announced a SmallSat Rideshare Program, which will allow small satellite operators to book a spot on regularly scheduled Falcon 9 launches.

    Christine Fisher
    08.05.2019

  • Mexico's CES 2018 presence is the start of something big

    For many technology entrepreneurs and startups, CES is where dreams are born. It's the place where their concepts and products are showcased to the masses for the first time ever, all with the hope of making a dent in one of the most thriving industries at the moment. Over the past 12 years, that's been the case for Manuel Gutiérrez-Novelo, a 47-year-old Mexican entrepreneur and inventor who has been attending the show since the 2000s. Gutierrez has launched a number of products throughout the years at CES, including what he calls the world's "first" virtual reality viewer connected to a computer, in 2006.

    Edgar Alvarez
    01.12.2018
  • Illustration by D. Thomas Magee

    How Bodega typifies Silicon Valley’s cultural ignorance

    On Wednesday a story about two ex-Google employees receiving an obscene amount of money for a bad idea hit social media and was met with a level of outrage you could feel through the screen. If you're online in any way whatsoever, you likely know I'm talking about Bodega. The excellent article, Two Ex-Googlers Want To Make Bodegas And Mom-And-Pop Corner Stores Obsolete, hit several raw nerves with a wide range of people. This fury is so crystallized because "Bodega" -- an overfunded, probably doomed, glorified vending machine startup positioned as a bodega killer -- stands for everything Silicon Valley represents to us. Whereas in reality, the very concept of a bodega stands for the absolute opposite of Silicon Valley.

    Violet Blue
    09.15.2017
  • DenijalZemanic via Getty Images

    People won't stop stealing this company's rentable umbrellas

    Sharing E Umbrella, a Chinese startup that allows people to share umbrellas as they would bicycles has run into some early problems with its business model: specifically, people don't bother to return the items once they are out of the rain. According to a report in the Thepaper.cn last Thursday, the company announced that most of its umbrellas had gone missing within just weeks of the sharing scheme's launch.

    Andrew Tarantola
    07.10.2017

  • Pursue startup success at any cost in 'The Founder'

    If you've ever wanted to play through a cynical take on Silicon Valley in a Sims-like fashion, Francis Tseng has a game for you. It's called The Founder and this dystopian look at the founding and success of a startup comes in the form of a browser-based game. You start out in 2001, plotting to take over the world after naming your company, picking a business and adding your first employee. Of course, you're working in an apartment like all new companies do.

    Billy Steele
    01.27.2017
  • Andrew Harrer / Bloomberg via Getty

    Why is Johnson & Johnson getting into startups?

    Everyone knows Johnson & Johnson, the conglomerate behind Band-Aid, Tylenol and Johnson's Baby Shampoo. By comparison, very few folks outside the tech industry will have heard of Hax, a Shenzen-based startup incubator. Now, however, the pair are hooking up to find, develop and invest in startups that want to develop a consumer healthcare device. If you're dreaming up a gadget that'll help keep babies safe, ease period pain or seal wounds faster, then applications are due before the end of the year.

    Daniel Cooper
    12.07.2016

  • A tech accelerator grows in Brooklyn

    At its peak, the Brooklyn Navy Yard employed as many as 70,000 people, building maritime vessels like the USS Maine, Missouri and Monitor. Military shipbuilding isn't coming back to Brooklyn anytime soon, and neither are those particular jobs. But industry is returning to the borough -- just not shipping in the military sense. Think more along the lines of product shipping, thanks to facilities like New Lab. This is about more than giving startups a place to set up shop. New Lab is about building a community -- not just to employ more New Yorkers, but to spur further innovation in one of the largest cities in the world.

    Kris Naudus
    09.23.2016
  • Michael Short/Bloomberg/Getty Images

    Google is opening a dedicated space for startups in San Francisco

    With its close ties to San Francisco and Silicon Valley, Google naturally has its hands in the region's huge startup economy. To further its involvement, the company has announced plans to open a 14,000 square foot space right in the heart of San Francisco to work directly with various startups and developers. Google hasn't released a ton of details yet, but it says that the space will hold events including the company's Codelabs, Design Sprints and Tech Talks. It'll also host meetups of the Google developer community.

    Nathan Ingraham
    08.18.2016

  • Amazon announces category just for Kickstarter projects

    Looking for a crowd-sourced gadget, but don't actually want to run the risk of backing a Kickstarter? Good news: Amazon just launched a hub for completed, successful Kickstarter products. The product category lives on Amazon's Launchpad page -- a digital store for start-ups that sell crowdfunded and first run products on consignment. Kickstarter projects have always been present on Launchpad, but now they have there very own category and landing page.

    Sean Buckley
    07.27.2016
  • Michael Short/Bloomberg via Getty Images

    Google confirms a new in-house startup incubator

    Big companies have always supported startups to do the nimble and risky innovating they could not, even building their own investment arms to directly fund them. But sometimes those startups are founded by ex-employees of big companies that break out of corporate limitations. Following rumors last month, Google officially confirmed that it will launch its own in-house incubator, likely as a way of retaining entrepreneurs and keeping marketable ideas in-house.

    David Lumb
    05.20.2016

  • LG converts its smaller, crazier projects into startups

    For every idea a big corporation decides to show to the public, there are thousands sat in a vault down in its R&D labs. LG is the latest to decide that it might be worth trying to spin a profit from some of the projects that were previously consigned to the bin. The Korean conglomerate has announced that it's spinning out two startups that'll live or die on the strength of their execution. Much like Sony's toe-in-the-water approach to crowdfunding, the setup is all about throwing niche concepts at the wall and seeing what sticks.

    Daniel Cooper
    05.16.2016

  • Google and AOL team up to stop tech talent leaving NYC

    New York City may be the Big Apple, but it plays second fiddle to Silicon Valley when it comes to technology. That's why a number of companies located there including (Engadget's parent company) AOL, Bloomberg and, yes, California-based Google and Facebook have formed an advocate association called Tech:NYC. In a blog post, AOL's Tim Armstrong and New York venture capitalist Fred Wilson say "we feel that the NYC tech community deserves a more formal organization to represent itself before local and state governments and the business community and civic sector."

    Steve Dent
    05.03.2016

  • HTC's Vive X program will invest $100 million in VR startups

    HTC is aiming to jump-start VR development with its new Vive X fund, an accelerator that will support and promote startups working in the new medium. Vive X is backed by a $100 million investment fund (mostly from HTC), and it'll kick off in Beijing next month (with San Francisco and Taipei to follow). As with most accelerator programs, it'll offer mentorship, work space and, naturally, some investment capital to a selected group of startups. After a few months, the chosen companies will show off their projects at celebratory demo days (again, something common to this type of program).

    Devindra Hardawar
    04.26.2016

  • On the Brink of Greatness: Senior Startup Challenge

    Silicon Valley is a young, vibrant place that values youth as a commodity above all else, so what can it do for older people? Can technology offer something for the folks that aren't scooting around on self-balancing skateboards? That's the question Steve Goldbloom and his crew want to ask with this week's episode of mockumentary On the Brink of Greatness. He's taken representatives from five local startups to the Piedmont Gardens retirement community to face the wrath of a shark tank.

    Engadget
    03.03.2016
Next