Startup Roundup May 12, 2016


Softbank reveals exciting details on Indian tech startups — Quartz

Japan’s Softbank Group announced its earnings for fiscal 2016 on May 10, throwing some light on the otherwise secretive Indian startups. 


Asian Startups Hit by Venture-Capital Slowdown – WSJ

In early February, Yin Sang, a prominent Chinese entrepreneur, sent an email to all 600 employees at his karaoke-booking startup: His firm was running out of money after failing to raise funds and wouldn’t be able to pay staff salaries. 


Fintech conflicts of interest may hurt start-ups

The LendingClub CEO’s resignation underscores the web of relationships between Wall Street alums and marketplace loan buyers. 


Inside Israel’s Secret Startup Machine – Forbes

Even in the hallowed annals of teenage hackerdom, this never-before-told story might top them all. In the early 1990s Avishai Abrahami found himself, as required for most Israelis when they graduate from high school, enlisting in the Israel Defense Forces. But Abrahami had been assigned to a division he wasn’t allowed to speak of, not even to his parents–a crack cybersecurity and intelligence team known as Unit 8200. 


Here Comes Hyperloop One: Startup Raises $80 Million | Fast Company | Business + Innovation

The Hyperloop—a futuristic magnetic levitation transportation system that promises to make it possible for people or cargo to travel at 750 miles an hour in comfortable pods between San Francisco and Los Angeles in as little as 30 minutes—could be very big business. 


Startups: ‘Housing is a hurdle if you’re coming to Stockholm’ – The Local

Fewer than 100 people showed up to join the protest, far less than the 1,200 who signed up on Facebook, but its organizer, US entrepreneur Tyler Crowley, told The Local he was “not disappointed” with the turnout. 

French Power Company Takes Control of Silicon Valley Battery Startup – Fortune

French energy giant Engie has bought an 80% stake in Green Charge Networks, a California-based startup that sells battery systems and software that help building owners store and manage energy. 


Sympathy for the devil: Why do so few music startups succeed? – Music Business Worldwide

The digital music market continues to grow, but life remains tough for music tech start-ups. Rdio bit the dust before Christmas and Cür Music, had a fight on its hands to meet payment deadlines to labels, which it has now done. Even some of the bigger players are not without their problems as MBW has alluded to


14-year-old turns down $30M offer for startup

The digital music market continues to grow, but life remains tough for music tech start-ups. Rdio bit the dust before Christmas and Cür Music, had a fight on its hands to meet payment deadlines to labels, which it has now done. Even some of the bigger players are not without their problems as MBW has alluded to

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s