News Feeds

The government shutdown will mean big changes for military members and veterans

Aeon - Sat, 20 Jan 2018 19:14:27 GMT
Here's what the government shutdown means for military members, veterans and on-base operations.

Goldman Sachs's co-president allegedly had $1.2 million of wine stolen by his assistant

Aeon - Sat, 20 Jan 2018 19:12:00 GMT
The former assistant of Goldman Sachs co-president David Solomon stands accused of stealing more than $1.2 million of wine from his employer.

A psychotherapist shares the 7 things successful people do every night

Aeon - Sat, 20 Jan 2018 19:01:00 GMT
How you wrap up today has a huge impact on how you handle tomorrow.

An unassuming office building in Finland could have the answers to fighting back Russia's ...

Aeon - Sat, 20 Jan 2018 19:00:00 GMT
Finland is leading the way on cyber defense. But a new 1.5 million euro cybersecurity initiative is flailing.

Goldman Sachs beats despite trading woes (GS)

Aeon - Sat, 20 Jan 2018 18:28:00 GMT
Goldman Sachs on Wednesday released results from its fourth quarter, beating analyst expectations with adjusted earnings of $5.68 a share.

Download this: An app to help you get better at HQ Trivia

Aeon - Sat, 20 Jan 2018 18:16:23 GMT
Trivia buffs now have a new way to prepare for games of HQ. Called Practice HQ Trivia, the recently released Android app challenges players to answer multiple choice trivia questions similar to what you might see in HQ and other quiz games. There are no timers, goofy animations, or charismatic hosts, but you do get an unending supply of trivia questions without any gimmicks. SEE ALSO: Um, did Barack Obama win HQ Trivia last night? It's an incredibly barebones app — consisting of just trivia questions and slightly intrusive ads that appear between questions when you get an answer wrong. (If you think money is a good incentive to answer questions correctly, just wait until you have to sit through a few app install ads.) Read more...More about Tech, Android, Apps And Software, Android Apps, and Hq Trivia

Startup fundraising and exits look bullish for bio and health

Aeon - Sat, 20 Jan 2018 18:10:56 GMT
 After nearly a year, venture capitalists nabbed their first U.S. acquisition for more than a billion dollars. And it wasn’t a tech startup. Nor was it a company on the list of known unicorns. And it had nothing to do with blockchain.

One chart explains what's driving the stock market's record-breaking explosion

Aeon - Sat, 20 Jan 2018 18:09:00 GMT
BI PRIME: Upward revisions to S&P 500 profit forecasts have provided crucial fuel for the stock market's ascent to new record highs.

This government shutdown is historic for one big reason

Aeon - Sat, 20 Jan 2018 18:08:20 GMT
This is the first time in modern history that the government shut down while being controlled by one party.

TRUMP, BREXIT, AND CROSS-BORDER E-COMMERCE: Rising economic nationalism and the growth of ...

Aeon - Sat, 20 Jan 2018 18:06:00 GMT
BI IntelligenceThis is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about BI Intelligence, click here.Cross-border e-commerce is widely expected to be a key growth engine for the global e-commerce industry in the coming years, thanks to a convergence of consumer and market trends.Major retailers are already expanding their cross-border shipping options, and cross-border online purchases — those between consumers and merchants based in different countries — are set to grow twice as fast as domestic ones through 2020, according to a study released earlier this year by DHL. BI Intelligence estimates that, with current policies in place, global cross-border e-commerce will generate more than $1 trillion in sales for retailers by 2021.However, over the past year, two key global events — the presidential election in the US and the Brexit vote in the UK — have cast uncertainty over the cross-border e-commerce market in the form of protectionist trade policies that could restrict the flow of goods between different countries. Growing economic nationalism in Western democracies — a phenomenon brought on by negative perceptions of the trade liberalization and globalization that these countries have experienced since the end of the Cold War — fueled both of these political upheavals.In a new report, BI Intelligence details the the potential impact of the rise of economic nationalism in Western democracies on the global cross-border e-commerce market. Brexit, NAFTA's renegotiation, and potential disruptions to US-China trade relations could dramatically impact cross-border e-commerce between the UK and EU, and the US and China, Mexico, and Canada. These cross-border e-commerce corridors together make up around 20% of global cross-border e-commerce, and generate tens of billions in online sales for merchants today. Here are some of the key takeaways from the report:Cross-border e-commerce — defined as any online purchase made from a business located in another country — will grow to more than $1 trillion by 2021 under current global trade policies.However, protectionist trade policies could disrupt several major cross-border e-commerce corridors by placing tariffs and new customs restrictions on goods moving between countries, and, in some cases, severely limiting online retailers' ability to reach consumers in other markets. Donald Trump's election in the US has raised the possibility of trade relations between the US and China deteriorating. This would threaten the most valuable cross-border e-commerce corridor in the world, as US retailers have found a massive market for their wares among China's online shoppers.The renegotiation of NAFTA will begin later this year, with cross-border e-commerce between the US, Canada, and Mexico hanging in the balance. US online retailers already garner billions in sales from Canadian consumers every year, and are making more inroads to Mexico as well. Brexit negotiations could impact tens of billions of dollars in e-commerce sales between UK consumers and EU merchants and vice versa. Though these merchants and consumers have long-standing ties, a "hard" Brexit would add new costs and complexities to transactions between them. In full, the report:Forecasts the growth of cross-border e-commerce globally, as well as growth in the specific corridors that could be impacted by Brexit, NAFTA renegotiations, and US-China trade relations.Examines trends and challenges in cross-border e-commerce between the UK and EU, as well as between the US and Canada, Mexico, and China.Analyzes the impact that different scenarios — including a "hard" vs. "soft" Brexit, or targeted tariffs imposed on US-China trade — could have on cross-border e-commerce between the countries involved.Provides insight into the likelihood of these scenarios, helping online retailers adjust their plans for international expansion and sales.  To get the full report, subscribe to an ALL-ACCESS Membership with BI Intelligence and gain immediate access to this report AND more than 250 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more. >> Learn More NowYou can also purchase and download the report from our research store.

The 2 surprising quarterbacks on the brink of the Super Bowl had a bizarre and intertwined path ...

Aeon - Sat, 20 Jan 2018 18:05:00 GMT
Case Keenum's and Nick Foles' paths have been crossing for three years with various teams, and now they find themselves one win away from the Super Bowl.

This LA startup is selling premium denim for under $100 — and it's inviting fans to be investors

Aeon - Sat, 20 Jan 2018 18:01:00 GMT
DSTLD is selling clothes at a price, and with a supply chain, that doesn’t make you feel bad. Grab jeans that nail LA cool for a third of what you'd pay at similar retailers.

6 gorgeous wine country hotels around the world

Aeon - Sat, 20 Jan 2018 18:00:00 GMT
From California to South Africa, there are hotels that offer amazing views — and great wine.

Amazon just revealed the top 20 contenders for its new headquarters — here are their ...

Aeon - Sat, 20 Jan 2018 17:35:00 GMT
Amazon has shortlisted 20 locations for its new headquarters.

Playing music in New York's subways can be a 'real-life Kickstarter' for musicians — here's ...

Aeon - Sat, 20 Jan 2018 17:34:00 GMT
Busking in the New York City subways can be a difficult, rewarding experience for many of the musicians who try to master the craft.

We taste-tested grilled-chicken sandwiches from all the major fast-food chains — and the ...

Aeon - Sat, 20 Jan 2018 17:33:00 GMT
Grilled chicken, fried chicken's healthier alternative, is experiencing a renaissance as it rides the wave of the health-conscious trend.

GOLDMAN SACHS: The government shutdown will take a toll on the US economy, but the pain won't ...

Aeon - Sat, 20 Jan 2018 17:29:29 GMT
Goldman Sachs says that the government shutdown will result in a 0.2% reduction in first-quarter GDP for every week it persists.

We crunched the numbers to find the one stock set to get the biggest boost from Trump tax reform

Aeon - Sat, 20 Jan 2018 17:14:00 GMT
BI PRIME: Business Insider has conducted a proprietary five-part analysis to identify which stock is truly the king of tax reform.

Bartenders share the best ways to get their attention at the bar — and surefire ways you'll ...

Aeon - Sat, 20 Jan 2018 17:12:00 GMT
Among the many faux pas, don't ever yell, click your fingers — or even wave them. Bartenders hate that.

7 lessons I learned from tracking my net worth for 14 years

Aeon - Sat, 20 Jan 2018 17:10:00 GMT
Years of experience can help you better understand exactly what you're saving for — and how to do it right.

DIGITAL DISRUPTION OF CREDIT SCORING: How developments in the credit scoring space are opening ...

Aeon - Sat, 20 Jan 2018 17:06:00 GMT
BIIThis is a preview of a research report from BI Intelligence, Business Insider's premium research service. To learn more about BI Intelligence, click here.Traditional consumer lenders, like banks and credit unions, have historically served segments of the population they can conduct robust risk assessments on. But the data they collect from these groups is limited and typically impossible to analyze in real time, preventing them from confirming the accuracy of their assessments. This restricts the demographic segments they can safely serve, and creates an inconvenient experience for potential borrowers.This has hobbled legacy lenders at a time when alternative lending firms — which pride themselves on precision risk assessment and financial inclusion — are taking off. These rivals are starting to break into a huge untapped borrower market — some 64 million US consumers don’t have a conventional FICO score, and 10 million of those are prime or near-prime consumers. Incumbents can get in on the game by tapping into new developments in the credit scoring space, like psychometric scoring, which use data besides borrowing history to measure creditworthiness, and by integrating new technologies, like artificial intelligence (AI), to improve the accuracy of conventional risk assessment methods. There are still risks attached to these cutting-edge methods and technologies, but if incumbent lenders are aware of them, and take steps to mitigate them, the payoff from implementing these new tools can be huge.In a new report, BI Intelligence looks at the drivers encouraging incumbent lenders to consider adopting new credit scoring methods or innovative technologies that make the lending process more seamless. It also outlines what incumbents stand to gain from adopting alt scoring, the types of models on the market to choose from, the risks still appended to onboarding them, and recommendations on how to mitigate them to add real value to legacy lenders’ businesses.Here are some of the key takeaways from the report:Alternative lenders are disrupting the credit scoring space in two key ways: by using alternate credit scoring methods and integrating new technologies.There's a range of methods and technologies incumbent lenders can choose to implement. But the solutions that are best suited for a particular lender will vary based on its specific business needs, the demographics it aims to attract, and its jurisdiction's regulatory landscape.If executed correctly, the payoff can be huge for incumbent lenders. In addition to boosting financial inclusion and enabling lenders to tap into new demographic segments and markets, new methods and technologies can improve returns on existing demographics.However, disruptions carry both short- and long-term risks that both fintechs and incumbent lenders must navigate. These include inbuilt biases, fraud, conflict with third-party data policies, and poor financial literacy among underserved demographics.In full, the report:Outlines the drivers behind incumbent lenders' growing awareness and adoption of credit scoring disruptions.Looks at the current range of methods and technologies changing the face of credit scoring.Explains what incumbent lenders stand to gain by adopting these disruptions.Discusses the risks still attached to these disruptions, and how incumbents can manage them to reap the rewards.Gives an overview of what the credit scoring landscape of the future will look like, and how incumbents can prepare themselves to stay relevant.To get the full report, subscribe to an ALL-ACCESS Membership with BI Intelligence and gain immediate access to this report AND more than 250 other expertly researched deep-dive reports, subscriptions to all of our daily newsletters, and much more. >> Learn More NowYou can also purchase and download the report from our research store.

15 books world-famous CEOs think everyone should read in their lifetime

Aeon - Sat, 20 Jan 2018 17:05:00 GMT
Your recommended reading list, as told by some of society's most influential CEOs.

This new chat app only works when your phone's battery is under 5%

Aeon - Sat, 20 Jan 2018 16:32:24 GMT
Die With Me is not your typical messaging app.  You can only use it when your phone has less than 5 percent battery life. And it only lets you chat up random strangers whose phones are also dying. And you thought there would never be a Great App Idea ever againHa! SEE ALSO: Why Apple's upcoming iPhone battery update is a bad idea First, this is not an April Fool's joke. It's a real app for iOS and Android. Now that you know Jimmy Kimmel's not punking us all, you probably want to know why. Why would you want to waste the last of your phone's precious battery life talking to random strangers? Die With Me was created to "do something positive with low battery," app creator Dries Depoorter told Motherboard.  Read more...More about Iphone, Android, Apps, Funny, and Die With Me

This drill adapter could make your handyman projects a lot less annoying

Aeon - Sat, 20 Jan 2018 14:00:00 GMT
Heads up: All products featured here are selected by Mashable's commerce team and meet our rigorous standards for awesomeness. If you buy something, Mashable may earn an affiliate commission. Everyone has a tale of a home DIY project gone wrong and abandoned halfway through. The downfall usually comes after you’ve been working on something for hours and then get to the “how the hell am I supposed to reach that?” part. SEE ALSO: Keep your knives looking sharp with this best-selling kitchen tool Well, someone figured out how the hell you’re going to reach it, and it’s the Flex Drill Adapter from Vista Shops.  Read more...More about Diy, Furniture, Building, Tools, and Drill

Build the next Sims or Candy Crush by learning animation and design via these online classes

Aeon - Sat, 20 Jan 2018 14:00:00 GMT
Heads up: All products featured here are selected by Mashable's commerce team and meet our rigorous standards for awesomeness. If you buy something, Mashable may earn an affiliate commission. If you're looking to get your lucrative design career off the ground, you might consider enrolling in this design and animation bundle, a series of courses which will help you gain a deeper understanding of design and animation. SEE ALSO: Get better at SEO by taking this online course With 500 hours of content and over 60 courses, this bundle will teach you the nuts and bolts required to design a computer game program or app. For a comprehensive curriculum, the bundle features courses on everything from computer-aided design (a.k.a. CAD), to engineering, to animation. And if you want to brush up on industry-standard programs like Photoshop, InDesign, and Autodesk MAYA, there are courses to help you with that, too. Read more...More about Google, Photoshop, Animation, Android Apps, and Candy Crush

This company claims to sell the world's first odorless socks. We put them to the test

Aeon - Sat, 20 Jan 2018 13:00:00 GMT
MeltMall is determined to take down one of humanity's most bitter enemies: stinky feet.  The Chinese company is best known for trying to solve our most pressing everyday grievances with its innovative products: It's made Lockbook, a diary that locks and unlocks with a fingerprint scanner, and Glovax, a pair of gloves that claims to protect your hands from calluses.  Now, it's launching MP Magic Socks, which it claims are the world's best odorless socks.  SEE ALSO: This 'Harry Potter' sock advent calendar could free 24 house elves this Christmas The socks are infused with three metals — silver, copper, and zinc — which allegedly kill the bacteria in your sweat that cause the "stinky feet" smell you know and love. They're also designed to be more breathable than your average sock, to the point where the company claims that "it feels like you're not even wearing socks."  Read more...More about Startups, Startup, Socks, Odor, and Odors

Someone just created a site to make browsing Netflix easier

Aeon - Sat, 20 Jan 2018 00:01:38 GMT
Here's some great news just in time for the weekend: someone's created a site that makes browsing through Netflix so much easier. Reddit user CrazedEli, aka Ville Salminen, announced his creation Flixable on the r/television subreddit Friday. It's basically a search engine for Netflix and it's worth checking out; it could save you hours of wasted time. SEE ALSO: Netflix is coming to the Razer Phone—in HDR Flixable shows what's popular, what's original, and what's leaving Netflix. Users can browse by genre and IMDb rating, and filter their searches based on release date.  Salminen said he built the site as a hobby to learn more about programming. He noticed that many Netflix users on Reddit were frustrated by the streaming service's unintuitive browsing options, pointing to one popular complaint in particular. Read more...More about Netflix, Flixable, Easy Browsing, Tech, and Movies Tv Shows

Twitter to notify users who got played by Russian propaganda accounts

Aeon - Fri, 19 Jan 2018 23:19:41 GMT
Over a half million Twitter users are about to be on the receiving end of an inbox surprise.  No, not the news of an unexpected verification. Nor something more prosaic, such as their unwitting participation in a new feature test group. Rather, Twitter will be dropping a little email truth bomb: You got played by a Russian troll army.  SEE ALSO: Twitter shares its roadmap to curb abuse In a Friday blog post, the social media giant said it plans to inform 677,775 people who, over the course of the 2016 presidential "election period," followed, liked, or retweeted accounts "potentially" connected to the now infamous Internet Research Agency. Read more...More about Twitter, Russia, Social Media, 2016 Election, and Propaganda

Someone had a seizure in VR and nobody knew what to do

Aeon - Fri, 19 Jan 2018 23:14:45 GMT
When someone suffers a seizure in real life, it can be an intense, scary experience. When someone suffers a seizure during a VR chat, it can be even more terrifying.  This is the exact scenario that Sam Raiffeisen, otherwise known as YouTuber Rogue Shadow, found himself in recently. While playing VRChat, a multiplayer app where people can hang out with bizarre avatars and take part in simple games, one of the users suffered a seizure.  "We're so used to technology enabling us to do more, but in this case it was the opposite," Raiffeisen said over email. "The main feature of VR is immersion, and the way this person seemed to be right in front of us in this agonizing state gave the impression that there must be something we could do, that's what my instinct kept telling me, but the logical answer was we couldn't do anything." Read more...More about Tech, Technology, Culture, Vr, and Vr Headset

WhatsApp just fixed a huge problem with its Android app

Aeon - Fri, 19 Jan 2018 23:11:13 GMT
WhatsApp, the cross-platform instant messenger owned by Facebook, will finally allow Android users to choose how different types of notification appear. This update is great news for many Android users, Android Police reports. The lack of notification channels was impeding the app's everyday functionality.  Here's what the problem was: Android 8.0 Oreo, released in August 2017, introduced "notification channels" to Android phones.  This feature is pretty convenient, in theory. It allows users to assign priority to different types of notification. For example, I could set a Facebook notification to "Urgent" importance, meaning it would make a noise and show a message on my screen, and a Facebook friend request to "Medium" importance, meaning I'd see a message, but hear no sound.  Read more...More about Facebook, Android, Android Apps, Whatsapp, and Android O

Here's how your TV works... in slow motion

Aeon - Fri, 19 Jan 2018 22:05:22 GMT
Ever wondered just how your television works?  YouTube channel The Slow Mo Guys, aptly named for their slow motion videos, explains the miracle of television and shows step-by-step how images appear on screens.  Instead of watching moving objects on our screens, turns out we're just watching a bunch of still images shown to us really, really quickly. After explaining this concept, Slow Mo Guy Gav brings out an old television to show the pixels refreshing in action—in real time and then extremely slowed down. Gav also explains how color appears on the screen, zooming into the subpixel (yes, that's a thing) level to show the RGB patterns and how they are manipulated.  Read more...More about Tv, Television, Technology, Slow Motion, and Televisions

Highsnobiety secures $8.5M from Felix Capital to woo millennial males

Aeon - Fri, 19 Jan 2018 15:43:21 GMT
 Highsnobiety has come a long way. What began as a sneaker passion blog in 2005 now attracts upwards of 9 million visitors monthly to its site containing news and analysis of high fashion, streetwear and culture. The site has attracted a highly influential audience of young, educated and affluent, mainly millennial male, readers. These are the hard-to-reach people even for social media, at…

French VC firm Ring Capital raises $170 million fund

Aeon - Fri, 19 Jan 2018 12:19:32 GMT
 Meet Ring Capital, a brand new VC firm based in Paris. The firm just raised a new $170 million fund (€140 million) and might still be raising another $10 million or so for this fund. Many new VC firms tend to focus on seed rounds at first. Ring Capital thinks there’s a Series A and Series B gap in France. That’s why Ring Capital plans to invest around €5 to €10 million ($6 to…

Varo Money raises $45 million for mobile banking without fees

Aeon - Fri, 19 Jan 2018 02:47:41 GMT
 There are a number of startups looking to disrupt traditional banking. We’ve covered Chime, Zero and Jiko, just to name a few. Another one of those is Varo Money and they’ve raised $45 million led by private equity giant, Warburg Pincus and The Rise Fund, a global impact fund that’s part of another private equity firm, TPG. (That’s the one U2’s Bono is involved…

AI voice assistant developer Rokid raises $100M Series B extension to build its US presence

Aeon - Fri, 19 Jan 2018 01:00:07 GMT
 Rokid, a Chinese startup that makes an AI voice assistant and smart devices, just raised a Series B extension round led by Temasek Holdings, with participation from Credit Suisse, IDG Capital and CDIB Capital. The size of the round was not released, but a source familiar with the deal told TechCrunch that it is $100 million.

Bringing luxury perks to co-living life, Ollie raises cash to expand

Aeon - Thu, 18 Jan 2018 16:39:23 GMT
 As rents continue to soar in America’s most desirable cities, companies like New York-based Ollie are angling to transform the real estate market with an updated version of an old model of co-living spaces. 

JD.com leads investment in Vietnam-based e-commerce service Tiki

Aeon - Thu, 18 Jan 2018 11:03:32 GMT
 JD.com, the Chinese e-commerce firm that rivals Alibaba, has continued its expansion in Southeast Asia with an investment in Vietnam-based Tiki, a seven-year-old online retail service. JD.com is leading a Series C investment round in Tiki alongside VNG, the Vietnam-based online media and gaming company that is already an investor. The round itself is undisclosed, but TechCrunch understands…

Ledger raises another $75 million to become the leader in cryptocurrency hardware wallets

Aeon - Thu, 18 Jan 2018 08:18:25 GMT
 Ledger just raised an impressive Series B round of $75 million (€61 million), led by Draper Esprit. The startup already raised a $7 million round last year. But the cryptocurrency mania probably made it easy to raise more money. If you have more than a bit of money in cryptocurrencies, chances are you’ve heard about Ledger wallets. The French startup has been designing some of the…

Google is investing in Indonesia-based Uber rival Go-Jek

Aeon - Thu, 18 Jan 2018 07:11:16 GMT
 Google is back investing in ride-hailing companies. The U.S. search firm and China’s Meituan-Dianping are among the tech giants set to invest in Go-Jek, the Indonesia-based rival to Grab and Uber, a source with knowledge of discussions told TechCrunch. We understand a deal could be completed as soon as next week, though whether Go-Jek announces it is unclear since it has history of…

Natural home products startup Grove Collaborative bets niche wins over the Amazonization of everything

Aeon - Wed, 17 Jan 2018 17:45:47 GMT
 Who needs Amazon when you can make your own online distribution channel? At least, that’s the idea behind Grove Collaborative, a natural home care products company that ships natural cleaning brands like Method and Mrs. Meyer’s. Co-founder Stuart Landesberg started the company in 2014 after working with retail brands during his time as an investor at TPG. He noticed how limited…

More money for Utah startups as Kickstart closes on its fourth seed fund at $74 million

Aeon - Wed, 17 Jan 2018 13:00:06 GMT
 One of the most prominent seed investors in Utah, Kickstart Seed Fund, has closed on its fourth fund at $74 million — nearly doubling from the last funding of $39 million and toppling Peak Ventures as the fund with the most raised in the region. The large increase was driven by several institutional investors as well as several notable Utah entrepreneurs including Aaron Skonnard…

Anomali secures $40 million Series D led by Lumia Capital to scale threat detection solution

Aeon - Wed, 17 Jan 2018 12:23:22 GMT
 Anomali, a threat detection and mitigation company, announced a hefty $40 million Series D investment today led by Lumia Capital. The company was previously known as ThreatStream. New investors Deutsche Telekom Capital Partners (DTCP), Telstra and Sozo Ventures along with returning investors GV, General Catalyst, IVP and Paladin Capital Group also participated in the round. The company would…

Storytelling app Wattpad raises $51M at a $398M valuation

Aeon - Wed, 17 Jan 2018 11:31:39 GMT
 Content, as they say, is king — but these days, that may be true only for as long as you can figure out a good business model to deliver it. And today, a startup based out of Toronto, Canada is re-upping its coffers to fill out its ambition to do just that. Wattpad, a storytelling and reading/viewing app that combines crowdsourced content with professionally produced material, has picked…

Uber rival Grab acquires Indian startup to bulk up its mobile payment platform

Aeon - Wed, 17 Jan 2018 10:01:05 GMT
 Grab, Uber’s main rival in Southeast Asia, is continuing to develop its mobile payment strategy after it announced the acquisition of India-based startup iKaaz. The deal — which is undisclosed — will see iKaaz’s engineering team join the Bangalore-based engineering office which Grab opened last year. The firm declined to say how many new recruits are moving over…

2018 could bring the IPOs that tech has been promised for years

Aeon - Tue, 16 Jan 2018 23:37:57 GMT
 After years of drought and parched conditions, the U.S. tech IPO market could see a number of well-known players push forward with their debuts in 2018. That sentiment is grounded in the number of companies currently rumored to have filed or started preparation for a public debut. However, the wave may not manifest. In the past few years, there has been a surprising dearth of IPO activity.

Delivery logistics platform Bringg raises $12M from strategic investors, including Salesforce Ventures

Aeon - Tue, 16 Jan 2018 15:27:53 GMT
 Delivery logistics platform Bringg announced today it has raised another $12 million in Series B funding, bringing the total round to $22 million. The round, which follows the initial Series B from last spring includes new, strategic investment from automotive leader Dr. Shmuel Harlap, shipping and real estate magnate Eyal Ofer, and Salesforce Ventures. Previously, Bringg had raised $10…

Ripple turns investor as execs lead $25M round for storage and rental startup Omni

Aeon - Tue, 16 Jan 2018 14:27:12 GMT
 Earlier this month, I wrote that crypto companies are going to become investors in 2018. I didn’t quite imagine that happening as quickly as mid-January, but here we are. Ripple, the fintech startup behind the controversial XRP token, has its first investment after it backed U.S.-based storage startup Omni through a $25 million round. Omni was founded in 2015 as a storage option for…

BMW acquires Parkmobile parking app to help tackle city traffic

Aeon - Tue, 16 Jan 2018 13:39:25 GMT
 BMW has acquired Parkmobile, an app that provides guidance and services for those looking for parking in North America, including on-street and garage parking payments and spot reservation. BMW Group had already held a minority investment in the company, and owned its Parkmobile Group Europe affiliate, but today it increased its holdings to reach majority ownership of Parkmobile, LLC, which…

Nyansa lands $15 million led by Intel Capital to grow user performance management

Aeon - Tue, 16 Jan 2018 13:00:27 GMT
 Companies like New Relic and AppDynamics have been offering applications performance management solutions to help operations teams track external performance issues for years. Nyansa (pronounced ‘knee-ans-sah’) is bringing that kind of performance management to internal networks. Today, the company announced a $15 million Series B investment. The round was led by Intel Capital…

BeMyEye, the startup that lets companies crowdsource in-store data, acquires rival Task360

Aeon - Tue, 16 Jan 2018 09:00:31 GMT
 In a move that represents further consolidation in the crowdsourced in-store data gathering space, London-headquartered BeMyEye has acquired U.K. rival Task360. Similar to BeMyEye, the company offers an app that pays users to collect data for its corporate clients, but with a greater emphasis on time-sensitive tasks.

Startup fundraising and exits look bullish for bio and health

Fundings & Exits – TechCrunch - Sat, 20 Jan 2018 18:10:56 +0000
 After nearly a year, venture capitalists nabbed their first U.S. acquisition for more than a billion dollars. And it wasn’t a tech startup. Nor was it a company on the list of known unicorns. And it had nothing to do with blockchain.

Highsnobiety secures $8.5M from Felix Capital to woo millennial males

Fundings & Exits – TechCrunch - Fri, 19 Jan 2018 15:43:21 +0000
 Highsnobiety has come a long way. What began as a sneaker passion blog in 2005 now attracts upwards of 9 million visitors monthly to its site containing news and analysis of high fashion, streetwear and culture. The site has attracted a highly influential audience of young, educated and affluent, mainly millennial male, readers. These are the hard-to-reach people even for social media, at…

French VC firm Ring Capital raises $170 million fund

Fundings & Exits – TechCrunch - Fri, 19 Jan 2018 12:19:32 +0000
 Meet Ring Capital, a brand new VC firm based in Paris. The firm just raised a new $170 million fund (€140 million) and might still be raising another $10 million or so for this fund. Many new VC firms tend to focus on seed rounds at first. Ring Capital thinks there’s a Series A and Series B gap in France. That’s why Ring Capital plans to invest around €5 to €10 million ($6 to…

Varo Money raises $45 million for mobile banking without fees

Fundings & Exits – TechCrunch - Fri, 19 Jan 2018 02:47:41 +0000
 There are a number of startups looking to disrupt traditional banking. We’ve covered Chime, Zero and Jiko, just to name a few. Another one of those is Varo Money and they’ve raised $45 million led by private equity giant, Warburg Pincus and The Rise Fund, a global impact fund that’s part of another private equity firm, TPG. (That’s the one U2’s Bono is involved…

AI voice assistant developer Rokid raises $100M Series B extension to build its US presence

Fundings & Exits – TechCrunch - Fri, 19 Jan 2018 01:00:07 +0000
 Rokid, a Chinese startup that makes an AI voice assistant and smart devices, just raised a Series B extension round led by Temasek Holdings, with participation from Credit Suisse, IDG Capital and CDIB Capital. The size of the round was not released, but a source familiar with the deal told TechCrunch that it is $100 million.

Bringing luxury perks to co-living life, Ollie raises cash to expand

Fundings & Exits – TechCrunch - Thu, 18 Jan 2018 16:39:23 +0000
 As rents continue to soar in America’s most desirable cities, companies like New York-based Ollie are angling to transform the real estate market with an updated version of an old model of co-living spaces. 

JD.com leads investment in Vietnam-based e-commerce service Tiki

Fundings & Exits – TechCrunch - Thu, 18 Jan 2018 11:03:32 +0000
 JD.com, the Chinese e-commerce firm that rivals Alibaba, has continued its expansion in Southeast Asia with an investment in Vietnam-based Tiki, a seven-year-old online retail service. JD.com is leading a Series C investment round in Tiki alongside VNG, the Vietnam-based online media and gaming company that is already an investor. The round itself is undisclosed, but TechCrunch understands…

Ledger raises another $75 million to become the leader in cryptocurrency hardware wallets

Fundings & Exits – TechCrunch - Thu, 18 Jan 2018 08:18:25 +0000
 Ledger just raised an impressive Series B round of $75 million (€61 million), led by Draper Esprit. The startup already raised a $7 million round last year. But the cryptocurrency mania probably made it easy to raise more money. If you have more than a bit of money in cryptocurrencies, chances are you’ve heard about Ledger wallets. The French startup has been designing some of the…

Google is investing in Indonesia-based Uber rival Go-Jek

Fundings & Exits – TechCrunch - Thu, 18 Jan 2018 07:11:16 +0000
 Google is back investing in ride-hailing companies. The U.S. search firm and China’s Meituan-Dianping are among the tech giants set to invest in Go-Jek, the Indonesia-based rival to Grab and Uber, a source with knowledge of discussions told TechCrunch. We understand a deal could be completed as soon as next week, though whether Go-Jek announces it is unclear since it has history of…

Natural home products startup Grove Collaborative bets niche wins over the Amazonization of everything

Fundings & Exits – TechCrunch - Wed, 17 Jan 2018 17:45:47 +0000
 Who needs Amazon when you can make your own online distribution channel? At least, that’s the idea behind Grove Collaborative, a natural home care products company that ships natural cleaning brands like Method and Mrs. Meyer’s. Co-founder Stuart Landesberg started the company in 2014 after working with retail brands during his time as an investor at TPG. He noticed how limited…

More money for Utah startups as Kickstart closes on its fourth seed fund at $74 million

Fundings & Exits – TechCrunch - Wed, 17 Jan 2018 13:00:06 +0000
 One of the most prominent seed investors in Utah, Kickstart Seed Fund, has closed on its fourth fund at $74 million — nearly doubling from the last funding of $39 million and toppling Peak Ventures as the fund with the most raised in the region. The large increase was driven by several institutional investors as well as several notable Utah entrepreneurs including Aaron Skonnard…

Anomali secures $40 million Series D led by Lumia Capital to scale threat detection solution

Fundings & Exits – TechCrunch - Wed, 17 Jan 2018 12:23:22 +0000
 Anomali, a threat detection and mitigation company, announced a hefty $40 million Series D investment today led by Lumia Capital. The company was previously known as ThreatStream. New investors Deutsche Telekom Capital Partners (DTCP), Telstra and Sozo Ventures along with returning investors GV, General Catalyst, IVP and Paladin Capital Group also participated in the round. The company would…

Storytelling app Wattpad raises $51M at a $398M valuation

Fundings & Exits – TechCrunch - Wed, 17 Jan 2018 11:31:39 +0000
 Content, as they say, is king — but these days, that may be true only for as long as you can figure out a good business model to deliver it. And today, a startup based out of Toronto, Canada is re-upping its coffers to fill out its ambition to do just that. Wattpad, a storytelling and reading/viewing app that combines crowdsourced content with professionally produced material, has picked…

Uber rival Grab acquires Indian startup to bulk up its mobile payment platform

Fundings & Exits – TechCrunch - Wed, 17 Jan 2018 10:01:05 +0000
 Grab, Uber’s main rival in Southeast Asia, is continuing to develop its mobile payment strategy after it announced the acquisition of India-based startup iKaaz. The deal — which is undisclosed — will see iKaaz’s engineering team join the Bangalore-based engineering office which Grab opened last year. The firm declined to say how many new recruits are moving over…

2018 could bring the IPOs that tech has been promised for years

Fundings & Exits – TechCrunch - Tue, 16 Jan 2018 23:37:57 +0000
 After years of drought and parched conditions, the U.S. tech IPO market could see a number of well-known players push forward with their debuts in 2018. That sentiment is grounded in the number of companies currently rumored to have filed or started preparation for a public debut. However, the wave may not manifest. In the past few years, there has been a surprising dearth of IPO activity.

Delivery logistics platform Bringg raises $12M from strategic investors, including Salesforce Ventures

Fundings & Exits – TechCrunch - Tue, 16 Jan 2018 15:27:53 +0000
 Delivery logistics platform Bringg announced today it has raised another $12 million in Series B funding, bringing the total round to $22 million. The round, which follows the initial Series B from last spring includes new, strategic investment from automotive leader Dr. Shmuel Harlap, shipping and real estate magnate Eyal Ofer, and Salesforce Ventures. Previously, Bringg had raised $10…

Ripple turns investor as execs lead $25M round for storage and rental startup Omni

Fundings & Exits – TechCrunch - Tue, 16 Jan 2018 14:27:12 +0000
 Earlier this month, I wrote that crypto companies are going to become investors in 2018. I didn’t quite imagine that happening as quickly as mid-January, but here we are. Ripple, the fintech startup behind the controversial XRP token, has its first investment after it backed U.S.-based storage startup Omni through a $25 million round. Omni was founded in 2015 as a storage option for…

BMW acquires Parkmobile parking app to help tackle city traffic

Fundings & Exits – TechCrunch - Tue, 16 Jan 2018 13:39:25 +0000
 BMW has acquired Parkmobile, an app that provides guidance and services for those looking for parking in North America, including on-street and garage parking payments and spot reservation. BMW Group had already held a minority investment in the company, and owned its Parkmobile Group Europe affiliate, but today it increased its holdings to reach majority ownership of Parkmobile, LLC, which…

Nyansa lands $15 million led by Intel Capital to grow user performance management

Fundings & Exits – TechCrunch - Tue, 16 Jan 2018 13:00:27 +0000
 Companies like New Relic and AppDynamics have been offering applications performance management solutions to help operations teams track external performance issues for years. Nyansa (pronounced ‘knee-ans-sah’) is bringing that kind of performance management to internal networks. Today, the company announced a $15 million Series B investment. The round was led by Intel Capital…

BeMyEye, the startup that lets companies crowdsource in-store data, acquires rival Task360

Fundings & Exits – TechCrunch - Tue, 16 Jan 2018 09:00:31 +0000
 In a move that represents further consolidation in the crowdsourced in-store data gathering space, London-headquartered BeMyEye has acquired U.K. rival Task360. Similar to BeMyEye, the company offers an app that pays users to collect data for its corporate clients, but with a greater emphasis on time-sensitive tasks.

Press Releases

Investors have placed a one-way bet on Uber—which made us want to find a way to short it

Aug 05, 2016

http://qz.com/707947/investors-have-placed-a-one-way-bet-on-uber-which-made-us-want-to-figure-out-a-way-to-short-it/

In its first seven years of existence, Uber has irked cities, flouted regulators, and petrified whole industries. It has yet to make money but is worth a fifth more than BMW and almost a third more than General Motors, both the owners of tons of futuristic technology, tens of billions of dollars in capital equipment, and big profits. In recent deals resembling famous speculative bubbles, rich investors eager for a piece of this juggernaut have poured hundreds of millions of dollars into custom funds that provide exposure to Uber but no equity or financial disclosure.

Which is to say that investors have made a one-way, uber-bullish bet on Uber, forecasting that the company will be at the center of an utter transformation of our collective lifestyle. If not everyone is betting on it, they’re at least not betting against it. We can state that with some certainty because even if you want to short Uber—which you might wish to if only to hedge or to take on a bit of high-end risk—it is generally thought impossible to do.d.getElementsByTagName('head')[0].appendChild(s);


Press Releases

Verizon to Acquire Yahoo for $5 Billion

Jul 25, 2016

http://www.cnbc.com/2016/07/25/verizon-to-acquire-yahoo.html

On Monday, Verizon Communications announced the plans to acquire Yahoo for approximately $5 billion in cash.

Share prices of both companies moved slightly higher in premarket trading after the announcement, but turned lower. By early afternoon, Yahoo was down 2.7%.

Verizon president of product innovation and new businesses, Marni Walden said on CNBC that the deal included Yahoo’s core operating business and patents. Walden said that the acquisition will help the telecom company in building a media company as it gives them the scale to increase their audience from millions to billions.

The transaction seems to boost Verizon’s AOL internet business by providing access to Yahoo’s advertising technology.


Press Releases

Kadmon Holdings $100 Million IPO Terms Set

Jul 14, 2016

Kadmon was founded by former ImClone CEO Sam Waksal and which is now led by his brother Harlan Waksal.

The New York, NY-based company plans to raise $100 million by offering 5.6 million shares at a price range of $16 to $20, with certain insiders having indicated on buying 40% of the deal. Additionally, Kadmon filed documents for top shareholders who are selling 1.4 million shares. At the midpoint of the proposed range, the value of the common shares outstanding post-offering will be $613 million; with the inclusion of the 830,000 underwriter over-allotment if exercised, the value of the common shares outstanding post-offering will be $628 million.

Kadmon Holdings, a biotech developing kinase inhibitors for autoimmune disease, fibrosis and solid tumors was founded in 2009. They booked $38 million for the past 12 months ending March 31, 2016. The company plans to list on the New York Stock Exchange under $KDMN with target to go public week of July 25, 2016.


Press Releases

Kadmon Holdings, LLC Launches IPO

Jun 10, 2016

The Aeon Fund Team is pleased to announce that as of 7:52AM this morning, Kadmon Holdings LLC filed their S-1 with the SEC.

Kadmon Holdings is a fully integrated biopharmaceutical company that develops products addressing the following diseases: autoimmune and fibrotic, oncological, and genetic. With Kadmon’s multi-disciplinary approach, the company has developed a series of products and drug pipelines to combat serious and rare diseases.

The IPO is filed to offer up to $115,000,000 in common stock as well as $25,000,000 in convertible term loans for a total of $140,000,000.

Please see the S-1 filing
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Press Releases

Aeon Funds Launch Fiber Income Notes

Mar 22, 2016

(Newswire.net -- March 23, 2016) -- Aeon's newest investment opportunity, called Fiber Income Notes, are now available and have already been met with great enthusiasm. Investors seeking yield, security and favorable tax treatment have shown strong demand for the product. These Fiber Incomes Notes represent the second phase of the what began as an equity ownership in this long term project and partnership, acquired through the Aeon Fiber Opportunity Fund I, LP. The Aeon Fiber Opportunity Fund was launched in January, 2015.

Aeon Funds, along with operating partner, Delcom Telecommunications, a Florida-based "Fiber to the Home" telecommunications provider has developed an investment product that provides investors with a collateralized debt instrument, delivering a 6% yield, and offering tax advantages that are unique to income investments. The Fiber Income Notes have a 10-year term and are callable in 5 years at a 2% premium. Principal and interest payments are made monthly.

Brendan Rempel, one of the fund's managers, stated, " We have worked hard to satisfy the demand for an investment product that would diversify our client’s portfolios, and provide attractive returns with no correlation to the broader markets. In addition, we are able to allocate depreciation to the Fiber Note Holders that can be used against this income and other passive returns in investor's portfolios. In some cases, the Fiber Income Notes while yielding 6% could have a taxable equivalent yield of more than 10% depending on your tax bracket."

Don Smith, Founder and CEO of Delcom Telecommunications, Inc. summarized , we believe an investment in our active Ethernet fiber-to-the-home model is a perfect collateralized, technology-diversified, piece to add to any investors portfolio. It affords the investor solid sheltered income, but puts them in the forefront of participating in this state of the art technology that will truly future-proof the communities it services with unsurpassed bandwidth, spectacular picture quality and thousands of other products that are now, or will be, available in the near future to our customers.

The Fiber Income Notes are collateralized by the installed infrastructure and the subsequent revenue from the Long-term Bulk Service Agreements executed between Delcom Telecommunications and the Home Owner Associations in Florida that Delcom provides with service.

The increase in demand for streaming content is causing a major need for faster broadband speeds, and the trend will continue. Streaming services such as Netflix, Hulu, SKYPE and FaceTime, along with other similar services, are creating the need for greater bandwidth capacity. These services are best provided through Fiber to the Home (“FttH”), which has seen double-digit growth year over year, and keeps increasing at a steady pace. This growing demand for Video‐On‐Demand (“VoD”) is causing a simultaneous need for greater bandwidth, and could provide investors in this space a healthy return on investment.

THE OPPORTUNITY STARTS IN FLORIDA

Numerous developments have been passed over throughout the country, despite these locations profit potential. In Florida alone, tens of thousands of gated communities and high-rise condos have been passed over for upgrades. The Florida market alone represents a substantial opportunity for our partner Delcom and its investors to begin capturing the growing demand for FttH. Residential properties managed by homeowners’ associations (“HOAs”) in Florida typically sign long‐term Bulk Service Agreements (“BSAs”) of seven to fifteen years, guaranteeing payment to their providers. Delcom’s future proofing model, Florida’s growing population, and the frequent use of BSAs are the ideal mix of features for an attractive tax favorable alternative investment, such as the Fiber Income Notes.

There will be Limited Supply.

While there will be ongoing Fiber Notes issuances, the notes are in limited supply and expected to be in high demand. To learn more about this exciting opportunity, please click here or visit aeonfiber.fund. A representative of the fund can be reached at (732) 400-6102 or via email at info@aeonfund.com.

About Delcom,

Delcom, is a leading provider of community Solutions that combined the power of fiber with point-to-point delivery to the front door to open up a world of endless possibilities. To learn more please visit them delecomtele.net

About Aeon Funds

Invest in what's next. The Aeon Family of Funds is a collection of affiliated investment vehicles formed and operated to provide access to a variety of primary and secondary alternative investment products normally reserved for institutional investors. The Managers of each of the Aeon Funds focuses on finding, structuring, and offering opportunities for individual accredited and qualified investors to participate in the enterprises shaping our future.

To learn more about a specific Aeon Fund, please visit Aeon.Fund

Contact

Aeon Fund

(732) 400-6102

info@aeon.fund