startup

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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...

Startup Buys Young Blood, Injects It Into Older People

For $8K a pop

(Newser) - It sounds like something out of a sci-fi movie, but it's real: Ambrosia, a startup from entrepreneur Jesse Karmazin, pays for the blood of people under the age of 25, then sells anyone over age 35 a transfusion of the younger blood for $8,000—the only US company...

Google Co-Founder's Flying Car Takes Off

Kitty Hawk Flyer will be available later this year

(Newser) - Airbus' flying car might have competition. Kitty Hawk, a Silicon Valley startup named for the location of the Wright brothers' first controlled flight and backed by Google co-founder Larry Page, has revealed its flying car prototype and says buyers will be able to get their hands on a similar design...

Silicon Valley Invests $120M in Hilariously Inessential Juicer

Human hands are more efficient than Juicero's WiFi-enabled juicer

(Newser) - The Juicero juice machine —basically a fancy WiFi-enabled Keurig machine but for juice—was already an "unnecessary luxury," the Verge reports. Now it's just "flat-out unnecessary." That's because—as revealed by Bloomberg —a pair of human hands work just as well as...

Steve Ballmer's Secret $10M Site on Gov't Spending Debuts

Ex-Microsoft CEO has been compiling monster database for 3 years

(Newser) - Ask Steve Ballmer about the project he's been quietly working on since he retired as CEO of Microsoft , and he starts gushing with the "excitement of a child showing off a new toy," per the New York Times . That three-year project is USAFacts.org , a "first...

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