Announcing the $150 Million “Rise Of The Rest” Seed Fund

Heads up!!! Entrepreneurs and Startups!
Announcing the $150 Million “Rise Of The Rest” Seed Fund

The rest shall rise, this is so great for founders outside of Silicon Valley @Revolution – A Bevy Of Billionaires Join Steve Case’s $150 Million ‘Rise Of The Rest’ Startup Fund

“MY TAKE: Why we launched #RiseOfRest seed fund?” said Steve Case.


At Revolution, we believe that some of the most compelling investment opportunities in the next decade will emerge from startups in cities all across the United States — not just in Silicon Valley. With the addition of the Rise of the Rest Seed Fund, Revolution is now positioned to support startups at every stage of their lifecycle. More on our new $150M Fund…

Via Steve Case

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Famed VC Jim Breyer on finding the next Mark Zuckerberg (and much more)


Famed VC Jim Breyer on finding the next Mark Zuckerberg (and much more)

Connie Loizos
TechCrunch November 8, 2017

Jim Breyer

Yesterday, at the Web Summit conference in Lisbon, we caught up with Jim Breyer, among the most famous venture capitalists in Silicon Valley thanks to a decades-long track record of smart bets, most notably in Facebook.

Yesterday, at the Web Summit conference in Lisbon, we caught up with Jim Breyer, among the most famous venture capitalists in Silicon Valley thanks to a decades-long track record of smart bets, most notably in Facebook. Breyer was the managing partner at Accel Partners, which invested $12.7 million in Facebook in 2005 when the company was priced around $100 million, and that returned many billions of dollars to its investors after the company went public in 2012.

In 2013, Breyer segued out of the firm, opening up his own family office, called Breyer Capital, where he has continued to make bold bets. Breyer has also partnered over the years with the Chinese firm IDG Capital Partners, which formerly collaborated with Accel Partners and where Breyer Capital has since become an anchor investor in a series of funds that now manage more than $4 billion.

Breyer will be taking the stage today, but he also sat down with us behind the scenes yesterday to talk about Facebook, Softbank, and ICOs, among other factors playing an outsize role in the startup ecosystem. You can find much of that conversation below, edited for length.

TC: You’ve just come to Lisbon from China. How much time do you spend there?

JB: I’m there four times a year. I probably have 100 partners who are part of IDG China, where Breyer Capital is a sponsor and I’m a general partner on the investment committee and we cover 10 cities in China.

TC: Meanwhile, you’re also overseeing Breyer Capital, your family office. How active is that, and is its focus exclusively on U.S. companies?

JB: We make six to 10 new investments a year, investing in artificial intelligence and deep learning mostly, and how it applies to finance, healthcare, publishing, and other large verticals, and yes, [the investments are stateside].

Breyer Capital, it’s a family office, makes six to 10 new investments a year, starting in 2013. Still a partner in historical Accel funds, investing in AI mostly and deep learning and how it applies to finance healthcare publishing and other large vertical. Breyer stateside investments.

TC: Before sitting down today, I’d seen a CNBC interview you’d given, where you said you expect to see a number of big companies focused around artificial intelligence that are even bigger, much bigger, than Facebook and its ilk today. I think of Google and Facebook and Amazon and Apple as having an insurmountable lead, given the monopoly they have on these huge data sets. Why are you so sure that’s not the case?

JB: Mark Zuckerberg, Tim Cook, [Alibaba founder] Jack Ma, [Tencent founder] Pony Ma, [Baidu founder] Robin Li — these are phenomenal founder-driven companies and I expect the Apples, Facebooks, Amazons, Alphabets, and Baidus will only get stronger in many ways. But the early stages to apply deep learning and true artificial intelligence to large verticals [is immense].

For example, doctor recommendations around cancer research — both in the U.S. and China, where we can pull together data from hospitals, analyze that data in ways that have never been possible before, and provide better potential advice to doctors and nurses — those are just great opportunities for startups.

TC: That sounds great. At the same time, I’m still confused as to how nascent AI teams get very far. It seems that most are either getting pulled into these bigger companies before their companies can really prove themselves, or else they’re having to focus on very small verticals — like assessing the health of cabbages — and building a data set around them. Can AI teams still build big defensible businesses?

JB: I’m no longer on the board of Facebook, but I have these conversations with Mark Zuckerberg and Sheryl Sandberg all the time, and it’s interesting. Facebook continues to grow dramatically but they’re also optimistic about startups and building new companies than ever before. Yes, there are strong founder-driven companies, but I don’t think it’s about fringe opportunities.

TC: You mentioned AI in healthcare. Where else do you see these bigger opportunities?

JB: I’m an investor in [the publicly traded video distribution platform] Bright Cove, and out of Brighcove came Circle Internet, which is a four-year-old blockchain company that’s applying AI to financial services to address how to deliver better payment services around the world, who should receive some lending, and should whether they should receive it it in euros, pounds, dollars, or different coins. A lot of that is AI applied to the blockchain and to digital currencies.

TC: You think we’ll see giant AI companies. Do you think you’ve met the next Mark Zuckerberg yet?

JB: I don’t think I’ll ever find a Mark Zuckerberg. And the combination of Mark Zuckerberg and Sheryl Sandberg, who I helped Mark hire in 2008 – I don’t think I’ll ever find a team like that again. Sheryl’s opportunities to make Mark better, Mark’s opportunities to make Sheryl better – that combination is the best single leadership combination in the world. In fact, they’re two of the key references on so many of the new deals that I do.

TC: You’re getting their advice on potential investments?

JB: Absolutely — and reference checks on people who might be from Google or Apple or Amazon. Not a day goes by when I’m not in contact with Facebook executives about a potential new deal or recruiting. They’ve been a wonderful source of both references on new deals in AI, specifically, or in talent management and referrals of executives who I meet who are potentially future founders or future executives of these AI companies.

TC: Does that put the company or executive or founder on the watch list of Facebook and — for good or bad — does it increase the likelihood that Facebook will try and gobble them up at an early stage?

JB: The experience I have is that when I’m meeting with the top talent, the ability at some point – say 12 or 24 months from now – to speak with Sheryl Sandberg or Mark Zuckerberg or some of the senior people at Facebook, they view it as a big positive.

TC: Are Sheryl Sandberg and Mark Zuckerberg de facto venture partners of yours, or is that overstating things?

JB: That would be too much. But they are very much part of almost every due diligence process that I’ve done.

TC: Do you help them with their diligence? Do either of them make private investments?

JB: They don’t make too many private investments, but I certainly offer them advice and sometimes they listen on either people or opportunities or . . . different elements of Facebook and its global opportunities.

TC: Speaking of Facebook, can you comment on these newly revealed ties between early Facebook investor Yuri Milner and the Kremlin? He’s very well-regarded in Silicon Valley circles. Does this development change anything?

JB: I’m a fan of Yuri. I’ve known him since 2010. I just don’t know more than that. He’s a very good investor. Would it affect your dealing with Milner right now?
[Shrugs.] I just don’t know [what’s going to happen].

TC: I’ve heard you say that according to experts you’ve talked with, AI will have the same self-learning ability as humans by 2050. How does that impact how you proceed as an investor?

JB: I take a 20-year view on investing. With AI, I’m firmly in the camp that the benefits for the next couple decades far outweigh the negatives. Based on the very best computer scientists who I routinely meet with, at Stanford, MIT, Berkeley, Tsinghua, Oxford and Cambridge – there is a belief that the pace is extraordinary. But it’s likely not before 2050 where we reach a point of singularity and the robots and the machine learning is potentially more intelligent than what is today human intelligence.

TC: And then? Are you worried about the world your grandchildren will be navigating?

JB: I absolutely believe that philosophically, we should be thinking about the ethical implications long term of artificial intelligence and how it’s applied, and that should be part of what we do as investors and entrepreneurs and academics. Those are discussions that I love being a part of. I don’t think that we can just push that aside and not have those discussions.

TC: Do you think there will be a limited number of companies and jobs? Will people be relying on a basic income? What do you see beyond 2050? What about 100 years from now?

JB: I love that, that’s real long term! [Laughs.] I think the pie will get bigger for almost everyone, [with] the right implementation of technologies. I’m on the board of Harvard University and I’m part of the president’s search, and I’ve been spending a lot of time with presidential candidates. And these are questions I ask many of the academics I’m talking with, and I think we’ll see universities, colleges and education very positively affected by these technologies, because I think we can educate students around the world. Teaching will improve. Most importantly, learning will improve if we all take a long-term view, and I believe many jobs will be created that we can’t predict right now.

TC: Do you think we’ll need to regulate artificial intelligence, as Elon Musk has suggested time and again needs to happen?

JB: I think it would be a huge mistake to actively regulate artificial intelligence and artificial intelligence technologies. I do think there’s a role for government officials to be thinking about jobs as they related to artificial intelligence. But in terms of regulation, it would be a mistake because we’re just at the beginning of innovation [and because] it’s global. In many ways, we’re in a race with other economies – whether China or some of the European centers that are trying to recreate Silicon Valley-like hubs – so I think it would be a mistake to regulate research at this point.

TC: Where are we going to see the most growth in coming decades? In the states? In Europe? In China? Do you think Silicon Valley will lose its place as the power center of tech?

JB: I would never bet against Silicon Valley, having done this for a couple of decades. Silicon Valley and China will remain so much at the center.

TC: And on a par with one another?

JB: I think so. China has five million graduating engineers every year. That’s 10x [the number of engineers graduating each year from U.S. schools]. We have the very best universities in the world. At the same time, China is developing a phenomenal group of technologists, engineers, and mathematicians.

TC: We haven’t talked about Japan, but how does Softbank change the landscape, in your opinion? Does the capital at its disposal change everything?

JB: It does. I know the SoftBank leadership. We’ve co-invested together. We compete at times. The late-stage venture capital business is forever changed by what Softbank is doing.
For the earliest-stage companies, where there might be a group of brilliant scientists and engineers, 20 to 30 people, and they aren’t looking to raise $50 million; they’re looking to raise $10 million. It’s very competitive still and it’s where I love to partner and compete. The opportunity to scale and build a global business is still very high.

TC: Do you think SoftBank is a kingmaker? I suppose there’s a chance they’ll actually drown some companies in capital, but I’d be worried if they funded a competitor of mine.

JB: In certain segments where capital and scale make such a difference, Softbank is going to change the nature of the game. For a lot of industries in a lot of segments, such as AI, you’re trying to find 10 or 20 of the very best medical AI researchers in the world, and that’s where it’s the talent scarcity more than a capital scarcity that plays a central role. But for certain other businesses, SoftBank is making a very big difference.

TC: Before you go, ICOs. Here to say? Short-term phenomenon?

JB: I think they’ll be a part of the overall financing landscape over the next five to 10 years, and that we’ll see ICOs and different coins. It’s very hard to predict: Does Ethereum win? Which other coin might it be? But for sure, the nature of fintech and digital finance will result in more fundraising options for entrepreneurs at all stages. I just don’t think it will change overnight.

TC: You own bitcoin. Have you participated in any pre-sales of ICOs?

JB: Not yet, but I’m looking closely and globally. There are a lot of opportunities that I’m evaluating but I haven’t decided are compelling at this point.
This article originally appeared on TechCrunch.


G-Summit in Pebble Beach on August 23-25th, 2017!

G-Summit in Pebble Beach on August 23-25th, 2017!

Make high-level connections and get the inside scoop on AI’s current state from G-Summit Pebble Beach.

IMG_4121 IMG_4122 IMG_4128

AI’s role in healthcare, autonomous driving, finance, and logistics, we’ll cover hard science perspectives from multiple disciplines to find common ground. Some examples:

In a discovery that concludes an 80-year quest, Stanford and University of California researchers found evidence of particles that are their own antiparticles. These Majorana fermions could one day help make quantum computers more robust.

Nanotechnology is rapidly entering the world of smart materials and taking them to the next level. Will artificial photosynthesis secure a sustainable future? Can we create a real-life invisibility cloak? Two top scientists from UC Berkeley will show you the amazing discoveries by using nanotechnology.

The physical origin of dark energy, which makes up about 70% of the contents of the Universe, may be the most important unsolved problem in all of physics, providing clues to a unified quantum theory of gravity. Learn more from astrophysicist, Alex Filippenko.

These RoundTable topics include:
The Future of Learning in Intelligent AI Assistants (Carnegie Mellon)
Understanding Video (Facebook)
AI, A Curse or Blessing for Cyber Security (Didi)
Deep Learning Isn’t Magic – Assessment of Technology, Research, and Opportunities (Allen Institute for AI)
Autonomous & Connected Cars (Tesla)
AI in Human-Human and Human-Machine Interactions (Amazon)
AI Building AI – Automatic Design of Deep Networks (Sentient)
The Democratization of AI at Google (Google)
The Partnership on AI – Coming Together Around Best Practices in AI (Microsoft)

Guests & Speakers Include:
Chief Scientist, Salesforce
Chief AI Officer, Citadel
Chief Architect, VP of Cloud, Xiaomi
Founding Head of Machine Learning Department, Carnegie Mellon University
Chairman, Mail.Ru Group
Partner, Hillhouse Capital
Professor of Physics, Stanford University
Chief Executive Officer, Allen Institute for Artificial Intelligence
Chief Strategy Officer, Softbank Robotics NA
Director of AI Research, Apple

The ten companies participating in the AI Startup Top 10 at G-Summit Pebble Beach.

For a full list of guests and speakers attending G-Summit, click here:

A New Startup –BRANDLESS™, an Online eCommerce Platform for Everything You Want to Buy for Just for $3 Raised $50 Million in New Funding Round


Heads Up!!!#Entrepreneur #Startup #Aug2017

A New Startup –BRANDLESS™, an Online eCommerce Platform for Everything You Want to Buy for Just for $3 Raised $50 Million in New Funding Round from New Enterprise Associates, Cowboy Ventures, Redpoint Ventures, and Google Ventures

BRANDLESS™ – Based in San Francisco and Minneapolis, BRANDLESS™ was brought to life on July 11, 2017. They’re a group of thinkers, eaters, doers, and lovers of life with big dreams about changing the world. Their mission is deeply rooted in quality, transparency, and community-driven values. Better stuff, fewer dollars. It’s that simple.

Tina Sharkey is the Co-founder and CEO at BRANDLESS™. She is is passionate and curious. The intention for the year that she shared with the team is “WHOLE.” 
Ido Leffler is the Co-founder and Chairman at BRANDLESS™. He is audacious and passionate. The intention for the year that he shared with the team is “LIVE.”

BRANDLESS™ business model acts as the opposite of a model employed by eCommerce giants like Amazon and, where the price varies considerably based on an algorithm and whether you choose free return shipping, respectively. Instead, everything is a reliable, fixed price regardless of when you’re shopping and what experience you’re looking for. Starting today, customers will find everything from dish soap to olive oil for sale on the site. Therefore, BRANDLESS™, pitching itself as the “Procter & Gamble for millennials,” offers a host of essential consumer items for a single low price of $3. Instead of a big logo emblazoned on a product, the actual attributes of the product are listed on the package instead.

Brandless 1

BRANDLESS™ was created in 2016 by Sherpa Capital venture partner Tina Sharkey and entrepreneur Ido Leffler. The brand just closed a $35 million Series B round led by New Enterprise Associates, which brought the startup’s total venture funding to $50 million. Investors include Cowboy Ventures, Redpoint Ventures, and Google Ventures

The idea, in a nutshell, is “democratizing access to awesome stuff at really fair and affordable pricing,” according to Sharkey.

The name of BRANDLESS™ game is simplicity. There are only two real choices to make on BRANDLESS™ website: What do you want, and how much of it do you want?

BRANDLESS™ Blog- Awesome Strangers

“You might be thinking BRANDLESS™ sounds too good to be true. And trust us, we spoke to lots of skeptics when we shared the stealth BRANDLESS™ story early on. The response was so remarkable we wanted to capture it on film.”

“So, on June 28, 2017, we invited a group of Awesome Strangers to our lab for a blind taste test. They knew nothing about Brandless. As predicted, the responses did not disappoint. Seeing really is believing.” You may want to try this at home and tell us how it went at

Screen Shot 2017-08-08 at 9.00.45 AM


BRANDLESS™ is also offering a subscription service called “B.More.” The membership, which runs $36 a year, lowers the free shipping threshold from $72 to $48. For all other orders, a flat shipping rate of $9 is charged. The founders promised more benefits for B.More members, including a donated meal to the nonprofit Feeding America, in addition to the donation that is already made after eachB RANDLESS™ transaction.

Ultimately, Sharkey says that Brandless is about reclaiming one’s identity through “the freedom to allow people to define themselves as who they are, and not what a brand or a society is projecting onto them.”

The future of grocery shopping is online—and incredibly cheap. On the heels of the news that Amazon is buying Whole Foods for $13.7 billion, a new company is selling hundreds of pantry staples for $3 or less on its new site, Brandless. The online store, launching today, July 11, is removing most of the markups across food, beauty, and household items, and co-founder Tina Sharkey hopes that you’ll replace your favorite brands with their “products of similar quality.”

“There’s an average savings of 40 percent across our whole Everyday Essentials assortment, but in many cases it’s much higher—up to 360 percent,” Sharkey tells Bon Appétit of the initial 200-plus item collection. They call this price difference “brand tax,” which is essentially paying more for a name you recognize. This doesn’t just apply to the Heinz ketchups and JIF peanut butters of the world—generic brands also have price markups. Customers also won’t be paying a premium for food values with BRANDLESS™. Most of their foods are organic, and all are fair trade, non-GMO, free of any artificial preservatives, flavors, and colors, and fully against animal testing.

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Artsy – Visual Art Online Platform Has Raised $50 Million at $275 Million Valuation in New Funding Round

Artsy – Visual Art Online Platform Has Raised $50 Million at $275 Million Valuation in New Funding Round

New York startup that helps broker art sales online has picked up funding and board members


Artsy has raised $50M to support their goal of creating a larger, more vibrant and diverse art ecosystem. This is a major step for the company and validation of Artsy’s model of partnering with and empowering the art industry–rather than competing with it.

“Artsy excited to use these funds to expand the art market and support a world with more art, artists, and the institutions that support them–a world where art becomes as ubiquitous as music” said Carter Cleveland, Artsy’s chief executive and original founder.

The market for buying, selling and learning about visual art online is getting a significant boost today. Artsy, the New York startup that has positioned itself as the go-to place for all things arty — a platform for people to learn about visual art online as well as explore opportunities to buy and sell work — has raised $50 million in funding.

The company is not disclosing its valuation but deal intelligence service Pitchbook notes that it is $275 million post-money (and $225 million pre-money).

The global art market is currently valued at around $44 billion annually, and about $3.75 billion of that was spent online in 2016, according to The European Fine Art Foundation, a rise of about 15 percent over 2015.

New York startup Arsty charges galleries a subscription fee for connecting them to buyers. It charges auction houses a commission to connect buyers with art work.

Competitors of Arsty include Berlin-based online auction house Auctionata Inc. and New York-based ArtBinder Inc.

Carter Cleveland, Artsy’s co-founder and CEO, said in an interview that the plan is to use the investment to dive deeper into auctions, which today are the fastest-growing part of the site after the company secured partnerships with Christie’s, Sotheby’s and Phillips, the three leading brick-and-mortar auction houses.

Cleveland said Artsy has seen auctions quadruple in number on the platform in the last year, and now Artsy accounts for one-third of all received bids for auctions it hosts, and 9% of all sales.

Mr. Cleveland was joined at Artsy by co-founders Dasha Zhukova and Wendi Murdoch after the two had made contributions to the seed round, he said.

Artsy enables more than $20 million worth of art sales per month from a user base of 2 million unique visitors per month (who also visit it for its content, which includes an in-house magazine and other informational content) across its businesses that include its more than 1,800 commercial galleries as a member network of art gallery partners spanning more than 90 countries, according to the company.

The Series D, which brings the total raised by Artsy to around $100 million, was led by Avenir Growth Capital, a new firm out of New York, and includes a very long list of investors of 56, according to the Form D we spotted (TechCrunch). They include investment firm Avenir Growth Capital and included Mr. Kushner’s Thrive Capital, L Catterton and Shumway Capital. Mr. Kushner is brother to Jared Kushner, President Donald Trump’s senior adviser and son-in-law. New individual investors in the art destination include Mr. Gebbia and Liberty Media Chief Executive Greg Maffei. The art dealer Larry Gagosian (founder of Gagosian Gallery), Airbnb co-founder Joe Gebbia, members of the Rockefeller and Acquavella families, Greg Maffei of Liberty Media, Dasha Zhukova (Artsy co-founder, founder of Garage Museum of Contemporary Art and partner of Russian oligarch Roman Abramovich), board members Wendi Murdoch (also an Artsy co-founder), Sky Dayton (Earthlink, Boingo), and new board members Rich Barton (Expedia, Glassdoor, Zillow) and Bob Pittman (MTV co-founder, iHeartMedia CEO), and “such a proud seed investor” said Jim Breyer founder and CEO of Breyer Capital.

New York-based Artsy, incorporated as Inc., features images of paintings, photography and sculptures, and it enables people to contact sellers. Artsy partners with museums, galleries, art fairs and others behind artists’ work.


IMG_3224Pablo Picasso, “Nature morte au verre sous la lampe” (“Still Life with Glass under the Lamp”), 1962. Auction house Phillips sold this painting via Artsy, a marketplace for art. PHOTO: IMAGE COURTESY OF PHILLIPS / PHILLIPS.COM

“Technology is the next big frontier in the art market,” said art dealer Larry Gagosian, an early and returning investor in the company.

Under the deal, iHeart Media Chief Executive Bob Pittman, Benchmark Capital venture partner Rich Barton and Avenir Growth Capital co-founder Andrew Sugrue have agreed to join the board.

Founded in 2009, Artsy features art offered from galleries, auction houses and art fairs that can be accessed via its website and app. In 2016, Artsy began offering bids in live auctions, in a partnership with auction houses Christie’s, Sotheby’s , Phillips and Heritage.

The funding signifies an interesting shift in the relationship between art and the internet.

Art was one of the early movers when it came to early e-commerce efforts, with startups in the 1990s building portals to sell work from established dealers and artists, and companies like eBay and Amazon partnering with the auction houses to bring lots and their auction ethos to the web.

Much of that never really went anywhere, though, partly because of skepticism about whether it was possible to be able to authenticate work well enough on digital platforms, partly because the majority of buyers and sellers were not digitially-oriented, and, in the case of services like live auctions, whether the infrastructure was there to make it work. But the art market has evolved. Galleries and artists now directly use the internet to spread the word about their work, buyers are more digitally savvy, the quality of networks and devices has vastly improved; and the infrastructure that goes into making the art market run has caught up with the times: if you look at pictures of works of art on Artsy, you can zoom in to get very granular detail, and there is a long vetting process by way of the dealer connection, much like the relationship clothing site Farfetch provides between high end fashion houses and boutiques and buyers.

Artsy has been one of a group of startups that has reaped the benefits. (Others include Catawiki and Auctionata in Europe.)

“Art is one of the last consumer verticals that has not gone online,” Cleveland said today. “When we first started out, a lot of people asked us, ‘Will you ever be able to convince the industry?’ Well, we did that and then we were asked, ‘Would anyone actually ever bid on expensive artworks on there?’ Now we can definitively say Yes.” Fun fact: Artsy was part of the first-ever Disrupt lineup of startups back in 2010 (its old URL no longer directs to the site, though).

Going forward, there are plans to add in more features as well. One of the sticking points so far has been that Artsy doesn’t have video for their auction streams. The reason, Cleveland said, is because of the transaction distance on its platform: it attracts a global audience and so buyers can be up to 3,000 miles away from where the sale is originating, “one of the furthest of any streamed e-commerce site online,” Cleveland said. That means offering video would have too high a latency and so real-time bidding would not work.

Another is to push more sales, of course, as a way to bringing more turnover and activity into the market.

“Despite an estimated $3 trillion of art assets in the world, only $44 billion trades in a given year—and less than 2 percent of qualified buyers participate in this market due to high transaction costs, long lead times, and limited transparency on pricing and value,” said Sugrue, in a statement.

“We believe Artsy will bring this last major consumer category online and thereby substantially expand the size of the global art market. We look forward to working with Artsy to make a larger, more connected art market a reality.”

Artsy is not disclosing its valuation except to say that it is definitely higher than before. We’re still trying to find out what it is.

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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.

Screen Shot 2017-07-13 at 3.21.46 AM

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.

Screen Shot 2017-07-13 at 12.13.51 AM

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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Keytruda (Pembrolizumab) The PD-1 immunotherapy drug – New Cancer Drug Is So Effective Against Tumors, the FDA Approved It Immediately

Keytruda (Pembrolizumab) The PD-1 immunotherapy drug – New Cancer Drug Is So Effective Against Tumors, the FDA Approved It Immediately

Pembrolizumab is known as a PD-1 blocker, an emerging type of immunotherapy drug that helps the immune system find cancer cells and attack tumors. According to the New York Times, this is the first time a drug has been approved for use against tumors that share a particular genetic profile, regardless of where they appear in the body.


On May 18, 2017, the U.S. Food and Drug Administration granted regular approval to pembrolizumab (KEYTRUDA, Merck and Co., Inc.) for patients with locally advanced or metastatic urothelial carcinoma who have disease progression during or following platinum-containing chemotherapy or within 12 months of neoadjuvant or adjuvant treatment with platinum-containing chemotherapy.

FDA also granted accelerated approval to pembrolizumab for patients with locally advanced or metastatic urothelial carcinoma who are not eligible for cisplatin-containing chemotherapy.

The study was small, and there was no control group (i.e., a group that didn’t receive pembrolizumab that scientists could compare results against), but the results were so striking that the FDA has already approved pembrolizumab for patients whose cancer comes from this particular genetic abnormality.

Dr. Jack Jacoub, a medical oncologist and director of thoracic oncology at MemorialCare Cancer Institute at Orange Coast Memorial Medical Center in Fountain Valley, Calif., tells Yahoo Beauty that the study was “interesting, welcomed, and exciting.”

There has been a general opinion that the immune system is integral in the development and spread of cancer, he points out, and these new findings show that targeting the immune system to treat cancer can be effective.

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Full prescribing information for pembrolizumab is available at:

FDA granted pembrolizumab priority review status for these indications. Prior to the submission, pembrolizumab received Breakthrough Therapy Designation for the second-line indication. An additional trial is required to confirm clinical benefit of pembrolizumab for the first-line indication. A description of FDA expedited programs is in the Guidance for Industry: Expedited Programs for Serious Conditions-Drugs and Biologics, available at:

Healthcare professionals should report all serious adverse events suspected to be associated with the use of any medicine and device to FDA’s MedWatch Reporting System by completing a form online at, by faxing (1-800-FDA-0178) or mailing the postage-paid address form provided online, or by telephone (1-800-FDA-1088).


The RealReal Company Just Raised $50 Million in VC Funding – led by this Female-Founded Company


Heads up! #Startup #Entrepreneur
Finally, freat news for the RealReal appears to be the real real thing.

Julie Wainwright, founder and CEO of consignment website of the RealReal Company Just Raised $50 Million in VC Funding – led by this Female-Founded Company.

Venture Capital’s Funding Gender Gap Is Actually Getting Worse – What is perhaps more surprising is that things haven’t improved—and have actually worsened—over the past year.

Venture capitalists invested $58.2 billion in companies with all-male founders in 2016. Meanwhile, women received just $1.46 billion in VC money last year, according to data from M&A, private equity, and venture capital database PitchBook. That massive disparity is due both to the differences in the number of deals and the average deal size by gender.

On Tuesday, the consignment company confirmed that it has raised $50 million from private equity firm Great Hill Partners in the biggest round led by a female-founded company this year, according to data from M&A, private equity, and venture capital database PitchBook.
That brings the company’s fundraising total to $173 million, making it one of the most well-capitalized women-run startups; Rent the Runway has received $179 million in funding so far after closing its Series E round last December. The clothing rental company’s $60 million round was the biggest raised by female founders in recent history, according to Forbes.

The RealReal news comes a little over a year after the startup closed its $40 million Series E round, but raising capital didn’t initially come easily to founder and CEO Julie Wainwright. Speaking to Fortune in March, she said she had initially found it difficult to woo investors.
“When you have different businesses that aren’t proven that may appeal more to a female [customer], a female investor is going to be able to evaluate that” better than a male investor could, she said. “I think in general, most VCs are trying to do their jobs, but there are a lot of unconscious biases.”

Wainwright recalled one particular episode when—in a pitch meeting—a male VC put his shoes on the table and told her that he could not see ever wanting to sell them or buy another man’s shoes. Needless to say, he is not a current investor.

TechCrunch reports that The RealReal is on track to sell $500 million through the platform this year and, in another parallel to Rent the Runway, may be opening a series of brick-and-mortar stores this year.

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The Nanotech In Fashion Is On Demand


The Nanotech In Fashion

Nanoparticles are increasingly used as coatings on clothing to make it waterproof, microbicidal, UV-blocking or antistatic.

The #NanoTech textile engineering and surface design of apparel clothing. Industrial applications of nanomaterials can be found in a wide variety of branches. Most people would be familiar with health care and electronics.

However, apparel industry benefits greatly with synthetic textiles incorporating nanotechnology that enable fabric with self-cleaning properties. Antibacterial, water-proof and flame retardants are becoming mainstream. nanotechtimelines-1600 (1)

Carbon Nanotech

The secret to a material’s strength lies in the properties of the atomic bonds connecting one atom to another. Carbon atoms have extremely strong bonds. Using nanotechnology, scientists manipulate carbon’s atomic structure to form hollow, carbon-based tubes that are super small (approximately 100,000 times thinner than a human hair), super light and stronger than steel. Researchers at the University of Texas’ Nanotech Institute have developed artificial muscles from carbon nanotubes that contract 30,000 percent per second (human muscles contract around 20 percent per second). They can operate at extreme temperatures, which makes them especially attractive for space applications and is one reason why the Air Force Office of Scientific Research has teamed up in this area. So far, there are no human applications, but a “smart skin,” on an aircraft would have the ability to change appearance in situations of danger.


Smart Tool-less Manufacturing in Nanotech Fashion Sports/Fitness/Yoga

Henry Ford’s early customers could have any color car, so long as it was black. In the marketplace, the greatest barrier to choose is cost. Elite athletes can drop thousands of dollars on custom-fit equipment, but for most players, it’s just a dream. Now, affordable, in-store diagnostics, including 3-D body scanners that analyze body geometry and kinematics, coupled with “tool-less” or direct digital manufacturing in place of molded dies or templates, are making custom-fit a true possibility. University research labs are helping to make the technology a reality. Scientists at Cornell University’s College of Human Ecology are using 3D body scanners that image about 300,000 points on the body to develop virtual try-on systems and clothes that can be custom-made on the spot. Caine is guardedly optimistic: “This will happen, but I’m not sure when.”

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Global investments and demand in nanotechnology

It’s hard to find reliable information on how big global investment in nanotechnologies, particular in the private sector, nevertheless; the importance of nanotechnology is clearly high.

In 2003 the total demand for everything’s nano such as material, tools and devices was estimated $ 5-8 billion with a growth rate of 30% yearly. Without anything taken for granted, this information should imply spending of nearly $30 billion in 2008.

The market for nanotechnology-related textiles reached $13.6 billion in 2007 and is predicted about $115 billion by 2012 according to the book “New-product development, product development in textile’s Innovation and Production” published in 2012 by Woodhead Publishing Limited.conceptsystem-nanotechnology-1600

Nanotechnology is a priority in the United States innovation strategy, and in support of the President has the Federal Budget since 2001 spend almost total of $21 billion, whereof they provide around $1.5 billion for the National Nanotechnology Initiative (NNI) 2015, according to the official site

Research from 2008, shows that nanotechnology has a high priority also in other competing markets such as European Union (EU) invested around $1.7 billion and Japan $950 million (Nanotechnology research and development).

Other Asian countries on the nano-bandwagon, China’s investment around $430 million, Korea $310 million and Taiwan $110 million. The same years spend US government $1.55 billion


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