startup

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Starting a Business? Best and Worst States

You might want to head West to Utah

(Newser) - If you want to hang your shingle and start up a small business, there are certain states that are more willing to help out your dreams of a dog-treat bakery or fly-fishing shop. Wallethub crunched the numbers, looking at metrics that included business environment (growth in the number of startups,...

Looking to Start a Biz? Check Out These Cities

Orlando tops WalletHub's ranking of America's most startup-friendly places

(Newser) - It's been a tough few years for business owners across the nation, from the pandemic to rising prices due to inflation. However, current challenges haven't stopped some from mulling over launching their own business—a sign of what WalletHub calls Americans' unstoppable "entrepreneurial streak." In an...

They Played Ads in Doctors' Offices, Are Guilty of Fraud

Outcome Health's former leaders inflated numbers, lied to clients and investors

(Newser) - As far as health-tech startup concepts go, Outcome Health's was fairly basic: It put TV screens and tablets in doctor's offices and waiting rooms and ran big-name pharmaceutical companies' ads on them, reaching a valuation of $5.5 billion in May 2017. But the Wall Street Journal pulled...

They Couldn't Get a Mortgage. Divvy Helped—Maybe

The rent-to-own startup has some unhappy customers

(Newser) - Divvy was partly born out of the American dream realized, or so writes Ainsley Harris for Fast Company . Co-founder and CEO Adena Hefets is the daughter of an Israeli immigrant who "lucked into homeownership through seller financing, after being denied a mortgage," and then was able to help...

His Startup Is About to Go Public. He's Also a Killer

Inside the story of Harel Hershtik

(Newser) - When he was 20 years old, Harel Hershtik planned and executed a murder, shooting his victim in the head and burying the body in a crime that a quarter of a century later is still widely remembered for its grisly details. Today, he is the brains behind an Israeli health-tech...

Another Silicon Valley Whiz Kid Accused of Exaggerating Everything

'New York Times' out with critical story about Ryan Breslow of Bolt

(Newser) - Ryan Breslow dropped out of Stanford in 2014 to start Bolt Financial, which “promised to shake up the boring but important business of online payments,” according to the New York Times, which interviewed dozens of former and current employees, clients, and investors about the company’s current state....

Stripe's New Valuation: $95B
There's a New
Most Valuable Startup

There's a New Most Valuable Startup

Funding pushes Stripe past SpaceX and Instacart

(Newser) - Stripe's new round of funding has left SpaceX and Instacart in the dust. The payments processing company announced it had added $600 million on Sunday, for a valuation of $95 billion. That shoots Stripe past SpaceX, which is valued at $74 billion, and Instacart, which is pegged at $39...

Professor Who Built Startups at School Can Sue Over Firing

Georgia Tech says Joy Laskar used university resources to help his companies

(Newser) - A decade ago, the Georgia Institute of Technology fired a professor, saying that, by launching secret startups tied to his university work, he'd crossed the line between academic research and the tech industry. Joy Laskar was indicted on charges of misusing $1 million in university money but never tried...

Apple to Small Startup: Ditch That Logo or Else

The tech giant sues Prepear over its logo of, you guessed it, a pear

(Newser) - Note to small startups: Try not using a fruit logo. Apple might get mad. The tech behemoth has again filed suit over a fruity logo—this time against a five-employee startup called Prepear that advertises itself with the image of a green pear, Entrepreneur reports. Now Russell Monson, the recipe...

The Wing, Rocked by Controversy, Bids Adieu to CEO

Audrey Gelman resigns from the Wing after backlash from employees

(Newser) - When the Wing was launched in 2016, it was designed to be a co-working space and social club for women only. Now, CEO and co-founder Audrey Gelman has stepped down, amid accusations the startup doesn't put its feminist and racial equality ideals into practice. "The decision is the...

Slack Messages Doom CEO of Luggage Startup
Startup CEO's 
Slack Messages
Did Her In
in case you missed it

Startup CEO's Slack Messages Did Her In

Steph Korey stepping down from luggage company Away after 'Slack bullying' revealed in Verge report

(Newser) - Last week, an explosive expose by the Verge focused on Away, a luggage startup that ex-employees claimed hid a "toxic work culture," despite a cheerful public-facing message of travel and inclusion. In this "cutthroat culture," workers were said to work "exceedingly long hours" and pressured...

Familiar Business Name Has a New Startup

Travis Kalanick, formerly of Uber, is betting on food delivery with CloudKitchens

(Newser) - The ousted founder of Uber is back in the business spotlight with a new startup, one that is attracting big money. The Wall Street Journal reports that Travis Kalanick has gotten $400 million from a sovereign-wealth fund in Saudi Arabia for his company, CloudKitchens. The idea behind the firm revolves...

Report: WeWork Directors Want to Oust Eccentric CEO

Adam Neumann could be pushed out Monday

(Newser) - Directors at office-sharing company WeWork are considering kicking eccentric co-founder Adam Neumann out of the CEO's office, insiders say. Sources tell the Wall Street Journal that a group of directors—including some linked to Japanese conglomerate SoftBank, the company's biggest investor—want him ousted to salvage an IPO...

Attorney: 'Blood on the Hands' of Cities That Allow E-Scooters

Injuries from the motorized devices now a daily problem in ERs

(Newser) - It felt like grains of salt floating around Earl Wilkinson's mouth. "In fact, they were teeth remnants"—the result of the 52-year-old's face-plant during an electric scooter crash. Wilkinson ended up in the emergency room with a broken arm in what BuzzFeed describes as a fairly...

10 Best Big US Cities to Launch a Business

Oklahoma City is first on the list

(Newser) - If you've got the entrepreneurial itch and are on the hunt for the best place to jump-start a business, WalletHub has some insights. The site pulled out more than 180 large US cities and looked at 19 key metrics for each in three main categories: business environment, including the...

Prosecutors: CEO Took 'Hundreds of Thousands' From Own Workers

Isaac Choi, former chief exec of WrkRiot, pleads guilty to wire fraud

(Newser) - The startup's motto was "No games. Just jobs." Except there were some games, too. Isaac Choi, the former CEO of short-lived tech startup WrkRiot—which developed software to be used in job searches before its closure in September 2016—pleaded guilty to wire fraud in federal court...

2017 Killed These Products, Startups

Including a $700 juicer

(Newser) - Think 2017 was rough? Try putting yourself in the shoes of people who spent their energy and fortunes building products and companies, only to see them fall by the wayside this year. BuzzFeed rounds up failed products and startups of 2017, including a $700 juicer and an early internet communication...

This CEO Gives His Warehouse Workers Top Perks, Too

Boxed pays for weddings and unlimited parental leave

(Newser) - When Boxed co-founder and CEO Chieh Huang first pitched his unconventional and highly generous benefits plan to investors a few years ago, some said, "What the hell are you doing?" His company, which takes on the likes of Costco to offer low-cost online bulk purchases with two-day delivery and...

App Fights Traffic Tickets for Less Than the Fine

A startup hires lawyers to go to court for you

(Newser) - Traffic violations can be pricey, with low-level speeding tickets costing as much as $400 in some US cities. After entrepreneur Chris Riley faced a huge fine for going less than 10mph over the speed limit in Miami, he decided to try to "give people access to services [like lawyers]...

5 Best, Worst States to Launch a Business

North Dakota is tops; New Jersey ranks lowest

(Newser) - "Location, location, location" has become a mantra in real estate, but it's also applicable if you're thinking of starting up your own business. WalletHub takes a close look at the business environment, business costs, and access to resources in all 50 states, diving deep into 20 various...

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