Startup Robinhood, a No-Fee Stock-Trading App — Now is Worth $1.3 Billion


The founders of Robinhood, a no-fee stock-trading app, were initially rejected by 75 venture capitalists — now their startup is worth $1.3 billion

Vlad Tenev, the Co-Founder and Co-CEO of Robinhood. Robinhood is an app built around one promise: no-fee stock trading.

The app itself is stylish and simple, a big part of why it won an Apple Design Award. It makes stock trading cheap, intuitive, and mobile.

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Robinhood launched in December 2014 and quickly became a favorite among younger people looking to invest without paying $7 per trade. Since its launch, Robinhood has amassed hundreds of thousands of users and facilitated over $1 billion in trades, according to TechCrunch.

The app itself is stylish and simple, a big part of why it won an Apple Design Award. It makes stock trading cheap, intuitive, and mobile.

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Startup WeWork Has Raised $760 Million at a $20 Billion Valuation in New Funding Round – Now The Most Valuable Office REIT’s in The World and They Are Still Private


WeWork has raised about $760 million at a $20 billion valuation in new funding round, according to filings with the Delaware Department of State.

WeWork has raised $760 million in a new Series G funding round, which according to sources close to the deal, puts the co-working space company’s valuation now stands at $20 billion, unnamed sources told Forbes, which previously reported the funding round. That would be higher than the $16.9 billion valuation last estimated by CB Insights.  With the latest valuation, WeWork now tops the market caps of office REITs like Boston Properties ($18.25 billion) and Vornado Realty ($17.7 billion).

WeWork, considered a so-called sharing economy start-up, aims to let companies share a working space instead of taking on the overhead of a permanent office. As of the end of 2016, WeWork had 110 locations across the world. The start-up has said it plans to expand in cities like London, Beijing, Paris, and Detroit this year.

CEO Adam Neumann said last month that WeWork is generating $1 billion a year in revenue and will launch an initial public offering at some point, according to Reuters. WeWork members pay an average of $650 a month, Reuters reported.

WeWork one of many unicorns — start-ups valued at $1 billion or more — to eye a public offering as the private market cools from its peak between 2014 and 2016. Venture capital investing is in the midst of a “self-correction” period, according to a new report from the National Venture Capital Association and PitchBook.

“There’s optimism of a strong year ahead for venture-backed IPO activity,” the report said this week.

WeWork has raised about $1.8 billion from investors and venture capital funds since it began operations six years ago.

SoftBank Group Corp (9984.T) invested $300 million in WeWork in March, the first of a much larger funding round that could total up to $3 billion, according to a person familiar with the matter who spoke on condition of anonymity. (Reuters)

Two years ago, less than 1 percent of WeWork’s business was generated by Fortune 500-type companies. That figure is now about 30 percent and growing, Neumann said, interpreting that as a sign of a viable business model.

A communal housing model called WeLive, which the company has launched in New York City and Crystal City, Virginia, is 100-percent leased, but Neumann said the are no immediate plans to expand the concept as WeWork tries to perfect the product.

“WeLive is going to be a tremendous success,” he said.

He praised NYSE Group President Tom Farley, who runs the exchange, for his persistence in seeking WeWork’s listing. NYSE Group is owned by Intercontinental Exchange Inc (ICE.N). Neumann, who was quizzed by Farley in front of almost 200 people at the lunch, said his company will conduct an IPO, but did not say when that might occur.

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WeWork, according to documents filed publicly with the Delaware Secretary of State on June 30th, issued 13.2 million new shares of preferred stock at a price of $57.90. This follows a $300 million investment made by Japan’s Softbank in March 2017. (We’re currently trying to confirm the investor of the June round–WeWork declined to comment on the latest investment and current valuation).

Founded by Adam Neumann and Miguel McKelvey in 2010, WeWork has grown from 1,000 members and two locations its first year operation to more than 120,000 customers in 156 offices. Now customers who pay on average $650 a month each, Neumann said. Five to 10 new sites open every month.

Launched in New York, WeWork’s ambitions have since gone global offering offices in 49 cities across 15 countries. With new $20 billion valuation, WeWork now tops the market caps of large REITs like Boston Properties Vornado.

In 2017 it opened new spaces in cities like Beijing, Buenos Aires, Paris, and Sao Paulo. New projects in Mumbai, Bogota, and Melbourne are expected to come online this year. And while its first clients were scrappy start-ups and freelancers, WeWork has moved heavily into the corporate market, leasing offices to companies ranging GM and IBM to Spotify and Salesforce.

The latest funding will fuel further expansion into new territories. And with Softbank on board in a big way, expect an aggressive push into Japan and across Asia.

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Goldwater Capital just produced one of the first detailed equity research reports on Snap Inc.

This venture firm ” Goldwater Capital ” just produced one of the first detailed equity research reports on Snap Inc.IMG_0089

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Understanding Snapchat – The Next Facebook or Another Twitter?

The First Avocado Café in the World is Coming Soon – Spring of 2017


#AvocadoCafé #InnovationF&B #Startup #HealthWellness #Spring2017

The First Avocado Café in the World – Amsterdam’s ‘The Avocado Show Restaurant” Is All About Your Favorite Fruit.

The Avocado ShowAmsterdam is getting a snazzy all-avocado café called The Avocado Show. The restaurant is set to open within the first quarter of 2017, will give diners avocado options for breakfast, lunch, dinner, and everything in between.

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If you’re a fan of avocado toast, avocado buns, and avocado anything, make sure your passport isn’t expired. That’s because a restaurant devoted to the bumpy fruit is opening its doors in Amsterdam (where it seems all things green are encouraged). 

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Three intrepid restaurateurs in the ultra-hip De Pijp neighborhood of Amsterdam are putting the finishing touches on a restaurant where avocados will be prominently featured in every damn dish on the menu. Dubbed the Avocado Show, this new cafe from super fruit–loving friends Julien Zaal, Jaimie van Heije, and Ron Simpson will serve breakfast, lunch, and dinner daily, plus late night snacks to appeal to clubgoers. The Avocado Show will be a restaurant serving up all things avocado, from avocado bun burgers (which are nonsense, but they look nice on Instagram) to avocado chocolate smoothies.

‘The possibilities are endless,’ the founders told Algemeen Dagblad. ‘Our only rule is that the dishes need to contain the green super fruit in one way or another.’

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Billed as Europe’s very first avocado Café, the restaurant’s all-avocado menu includes 2016’s trendiest avocado-centric items (buns, toast, etc.), as well as a few unexpected additions. Namely, a chocolate-avocado smoothie, for those who want a more decadent take on the drink. While the United States has plenty of options for those looking to get their fix, avocados are still gaining in popularity across the Atlantic. The restaurant’s cofounders, Julien Zaal and Ron Simpson, along with chef Jaimie van Heije, hope that The Avocado Show is the catalyst to a culinary revolution.

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Trendy Blue Wine for Young People

Heads up!! #Startups #Entrepreneurs


Gïk, a Spanish Winemaking Startup Company. The wine is “a sweet and blue drink with 11.5% vol (alcohol).”


The Gïk team that created the wine is apparently all young people with no traditional wine education, all in their 20s something with no prior experience with the product. They are not business people but creators: designers, programmers, artists and musicians.

Gïk, the vino is created from different Spanish vineyards which an undisclosed combination of red and white grapes that has “no aging procedure.”; wineries are located mainly in La Rioja, Zaragoza, León and Castilla-La Mancha.

Gïk is produced through a pigmentation process. The “juice is hued neon blue with anthocyanin (two organic pigments found in grape skin) and indigo (a dye extracted from the Isatis tinctoria plant), and a non-caloric sweetener is added as well.”

They’ve spent the last two years conducting research in collaboration with the University of the Basque Country and Food Tech. research departments. Quality control checks are rigorous and all the elements used comply with the regulations for food products in the European Union.


A bottle sells for about $11, and is currently available in Spain, France, the United Kingdom, the Netherlands, and Germany, with U.S. expansion in the works.


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How to Get Your Startup Funded by VCs?


Heads up! #Entrepreneur #Startup

A Great Discussion About How VCs Look for Investing In Startup:

The host: Randall Lane, Editor Forbes Magazine

Jim Breyer, the billionaire who gave Facebook its first venture investment, discusses what it takes for young entrepreneurs to get VCs to open their wallets.

Peter Boyce, Co-Founder of the Rough Draft Ventures.

Joshua Kushner, the founder of Thrive Capital.

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This UK Fintech Company Raises £12M in Series D funding led by Taipei Fubon Bank (台北富邦銀行)


London-based fintech company Nutmegannounced that it has raised £12 million in a Series D funding round that was led by Taiwan’s second largest financial services firm – Taipei Fubon Bank, according to Tech City News.

The funding follows Nutmeg’s funding round last month that raised £30 million led by Hong Kong’s financial advice firm Convoy. The current funding round has brought Nutmeg’s total to £42 million.

Nutmeg, an online wealth manager, has currently attracted a total of £71m over the past five years and according to the statements, the funds will be used to boost the company’s innovation, expansion as well as maintaining its growth.

“There is a very significant market opportunity before us, in the UK and beyond, and we are going to capture it. With these new funds, we will continue to invest in product innovations which disrupt the industry and deliver a better deal – and a better experience – for customers. And, we are going to expand into new categories and new territories,” Martin Stead, CEO of Nutmeg, told Tech City News.

For this funding round, Nutmeg is supported as a corporate advisor by Magister Advisors. Also international law company Taylor Wessing played as the legal advisor on the deal.

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Every US Company Worth $1B+ In One Map

The United States is home to 98 unicorn companies that are each valued at $1B+. As of 12/19/2016, nine private US companies are worth over $10B. The three most valuable unicorns in the US are Uber ($68B), Airbnb ($30B), and Palantir Technologies ($20B), and all of them are located in California, the state with by far-and-away the most unicorns. Ten other US states are also home to at least one company worth $1B+. Rounding out the top three are New York and Massachusetts.

US unicorns are worth approximately $657B. Combined, these companies have raised just over $121B.

According to the CB Insights database and the real-time global unicorn tracker, CB Insights visualized the locations of every US-based unicorn in the map below.

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Want to Feel of Any Place on Earth in Seconds – Matcha Makes Your Dream Come True

Matcha is an edge-to-edge chaotic fire hose of Instagram Stories grouped by context — there is an endless amount of content. It can take you to Chile, London, or nearly any place in the world and try to pull Stories from those regions. The result is like sticking your head into a cold flowing river — a snapshot of inappropriate raw human interaction and genuinely funny moments.

In essence, Matcha gives you the general feeling of any place on earth in seconds. By design, you can zero in on any user’s story or just traverse forever in the void. You can also watch your friend’s stories as well as curated/suggested stories using Instagram’s algorithm. Oh, and you can stream Live Videos too.

Matcha embraces the chaos and walks you to the edge of sensory overload. Your reward is a wildly addictive adventure around the world.

Check out Matcha and lose yourself everyday. 🍵