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SF’s $1,200-per-month bunk bed ‘pods’ sold out
No vacancies at housing startup despite skepticism.
NEA-Founded Radiology Startup Hits $4 Billion Valuation
Starr Investment Holdings LLC was the sole investor in the round, which brings the company’s valuation to more than $4 billion, the company said.
Antibiotics Developers Seek a Cure for Industry Ills
The bankruptcy of drug developer Achaogen illustrates the challenge facing companies seeking new antibiotics at a time when cash-strapped hospitals are reluctant to splash out on higher-priced medicines.
Tomio Geron
The cost of developing new antibiotics is rising, while cash-strapped hospitals are reluctant to splash out on higher-priced infection-fighting medicines wsj.com/articles/antib… via @WSJVC
4d
Despite High Hopes, Self-Driving Cars Are ‘Way in the Future’
Ford and other companies say the industry overestimated the arrival of autonomous vehicles, which still struggle to anticipate what other drivers and pedestrians will do.
Bitcoin Loses Almost a Third of Its Value as Libra Hype Fades
Regulatory scrutiny of Facebook’s ambitious plan to release a cryptocurrency, called Libra, has spoiled bitcoin’s big rally this year.
Tomio Geron
Regulatory scrutiny of Facebook’s plan to release its own digital coin, called Libra, has spoiled bitcoin’s big rally this year
5d
Elon Musk’s Neuralink Advances Brain-Computer Interface
Neuralink says it is moving its brain-computer interface a step closer to a therapeutic device.
How the Department of Defense Bankrolled Silicon Valley
“The Code,” by Margaret O’Mara, is an ambitious history of the cozy relationship between California’s tech start-ups and the federal government.
Banks Get the Late-Cycle Blues
Quarterly results from a trio of big U.S. lenders showed slowing loan growth and declining net interest margins. Goldman Sachs looks less impacted than peers thanks to a diversification drive but, if the economic cycle does turn, none look...
Tomio Geron
Fundamentals are clearly deteriorating for top lenders. Goldman Sachs’ recent diversification drive makes it only a partial exception. wsj.com/articles/banks… via @WSJ
5d
U.S. Pensions Wrestle With Recession Cash-Crunch Scenarios
Funds are strategizing to avoid stepping over their
Tomio Geron
Many top pension funds are near or above their target allocation to PE
- US public pension plans investing in PE is 3x that of 10 years ago
- Median invested: 7% of assets, up from 4.55% in 2009
- Cash crunch?
wsj.com/articles/u-s-p… via @WSJVC @WSJPE
5d
Tether’s $5 Billion Error Exposes Crypto Market’s Fragility
A Tether employee’s “fat finger” error Saturday spooked the cryptocurrency market, driving down the price of bitcoin by about 12%.
The Dark Side of Amazon’s Job Creation
Is any new job a good job? A look at Amazon’s warehouse jobs, where workers struggle to keep up.
Beyond the Confetti: The Dark Side of Startup Success
The swashbuckling creativity that drives many entrepreneurs can come with inner demons, including depression, substance abuse and other mental-health struggles.
PG&E Knew for Years Its Lines Could Spark Wildfires, And Didn’t Fix Them
Documents obtained by The Wall Street Journal show that the utility has long been aware that parts of its 18,500-mile transmission system were dangerously outdated. That includes towers on the line that sparked last year’s deadly Camp Fire.
Tomio Geron
The failure last year of a PG&E power line that sparked a wildfire, killed 85 people and destroyed a California town, wasn’t an aberration. The company knew major parts of its network could fail.
11d
Nomads travel to America’s Walmarts to stock Amazon’s shelves
To stock Amazon’s shelves, merchants travel the backroads of America in search of rare soap and coveted toys.
Tomio Geron
Nomads travel to America’s Walmarts to stock Amazon’s shelves theverge.com/2019/7/10/2068… via @Verge
11d
Getaround, Turo Take Different Car-Rental Routes
Getaround Inc. trails Turo Inc., which has a similar peer-to-peer rental strategy, in market share, but the startups’ strategies and target markets differ.
Bolt raises $68 million to simplify ecommerce
San Francisco-based ecommerce startup Bolt has raised $68 million for its sophisticated checkout and fraud detection tech.
Uber rival Bolt has closed about $67M in funding at a $1B+ valuation
Uber and Lyft going public may have put closer public scrutiny on the economics of ridesharing, but it hasn’t had a chilling effect on the level of competition in the space. In the latest development, TechCrunch has learned and confirmed that Bolt,...
While Jeffrey Epstein Is in Jail, the Reporter Julie K. Brown Keeps Digging
The case seemed cold when a Miami Herald investigative journalist started looking into it. Then she persuaded accusers to tell their stories.
Tomio Geron
The Jeffrey Epstein Case Was Cold, Until a Miami Herald Reporter Got Accusers to Talk
12d
Richard Branson’s Space Unit to Go Public
Virgin Galactic has plans to become the first publicly listed human spaceflight company. It expects that the deal to go public will give it enough capital to fund the business until its spaceships can commercially operate and send tourists into...
A Second Act for RealReal’s CEO
Julie Wainwright, who was chief executive of online pet supply retailer Pets.com, which closed months after joining the stock market in 2000, is back with another initial public offering.