startup

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Prosecutors: CEO Took 'Hundreds of Thousands' From Own Workers

Isaac Choi, former chief exec of WrkRiot, pleads guilty to wire fraud

(Newser) - The startup's motto was "No games. Just jobs." Except there were some games, too. Isaac Choi, the former CEO of short-lived tech startup WrkRiot—which developed software to be used in job searches before its closure in September 2016—pleaded guilty to wire fraud in federal court...

2017 Killed These Products, Startups

Including a $700 juicer

(Newser) - Think 2017 was rough? Try putting yourself in the shoes of people who spent their energy and fortunes building products and companies, only to see them fall by the wayside this year. BuzzFeed rounds up failed products and startups of 2017, including a $700 juicer and an early internet communication...

This CEO Gives His Warehouse Workers Top Perks, Too

Boxed pays for weddings and unlimited parental leave

(Newser) - When Boxed co-founder and CEO Chieh Huang first pitched his unconventional and highly generous benefits plan to investors a few years ago, some said, "What the hell are you doing?" His company, which takes on the likes of Costco to offer low-cost online bulk purchases with two-day delivery and...

App Fights Traffic Tickets for Less Than the Fine

A startup hires lawyers to go to court for you

(Newser) - Traffic violations can be pricey, with low-level speeding tickets costing as much as $400 in some US cities. After entrepreneur Chris Riley faced a huge fine for going less than 10mph over the speed limit in Miami, he decided to try to "give people access to services [like lawyers]...

5 Best, Worst States to Launch a Business

North Dakota is tops; New Jersey ranks lowest

(Newser) - "Location, location, location" has become a mantra in real estate, but it's also applicable if you're thinking of starting up your own business. WalletHub takes a close look at the business environment, business costs, and access to resources in all 50 states, diving deep into 20 various...

Startup Buys Young Blood, Injects It Into Older People

For $8K a pop

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

Google Co-Founder's Flying Car Takes Off

Kitty Hawk Flyer will be available later this year

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

Silicon Valley Invests $120M in Hilariously Inessential Juicer

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

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

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

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

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

Startup Bucks Tradition With Neon-Blue Wine

Regulators are not pleased with Gik

(Newser) - To respect the rules of the game or break them? Sometimes, that is the question. And a startup in Spain has just learned that at least in the world of wine, rule-breaking is rather frowned upon. Last year, Gïk challenged Spain's wine establishment by rolling out a neon-blue...

Tech CEO in Hot Water for Threatening Trump

'Bring it secret service' has indeed brought Secret Service to PacketSled's Matt Harrigan

(Newser) - Passions ran high on election night, but perhaps too much so for the CEO of a San Diego cybersecurity startup. Per the Los Angeles Times , Matt Harrigan of PacketSled put up a now-deleted series of heated comments on Facebook (still visible in apparent screen captures on Reddit ) as the...

A Drink Is Making People Sick, and Algae Might Be Why

The latest dispatch from the Soylent saga

(Newser) - Over the past several months, a tiny fraction of consumers of a meal replacement powder and energy bar put out by the company Soylent have complained of pretty adverse digestive reactions , including vomiting and uncontrollable diarrhea. Since 2013 the Silicon Valley startup has been producing its nutrient-dense, just-add-water powder—"...

This Guy's Job Is to Walk People, Not Dogs

Meet Chuck McCarthy, the 'People Walker'

(Newser) - For aspiring LA-based actor Chuck McCarthy, poop was the hurdle. He was considering becoming a dog walker to help make ends meet, but decided he just couldn't stomach the idea of dealing with all the doo-doo, reports KABC . So he began to joke about walking people instead, with no...

Ex-Employee Recounts Her Silicon Valley 'Nightmare'

Startup WrkRiot has gone offline amid the controversy

(Newser) - Just a month after starting at a Silicon Valley startup, a marketing professional from Dallas has taken to Medium to accuse her already former employer of fraud and more—and the startup is suddenly scrubbing its online presence clean. Penny Kim detailed her life since a July 2016 job offer—...

How This 'Fastest-Growing Company' Lost Everything

Inc. goes inside the 'cautionary tale' of Fuhu

(Newser) - Nearly a year after the once extremely promising and successful tablet company Fuhu went broke, Inc. sat down with CEO Jim Mitchell and President Robb Fujioka—the "headstrong" mastermind—to sort out what went wrong where. The great unraveling of a company that was No. 1 on the Inc....

Walmart Drops $3.3B on an Amazon Killer
 Walmart Drops $3.3B 
 on an Amazon Killer 
the rundown
Aug 8, 2016 8:50 AM CDT

Walmart Drops $3.3B on an Amazon Killer

Acquisition of Jet.com announced Monday

(Newser) - It's a year-old startup that wasn't yet profitable. Now Jet.com enters the books as the largest-ever e-commerce startup acquisition. Walmart announced Monday that it would purchase the site for $3.3 billion, with all but $300 million of that in cash; the rest takes the form of...

Top 6 US Cities for Young Entrepreneurs

Austin is No. 1

(Newser) - Some cities are better than others when it comes to offering opportunities to young entrepreneurs. MoneyRates.com has ranked the best ones based on population growth, educational level, taxes, and how many of these workers are already bringing home a nice paycheck. The Lone Star State gets more than one...

Startup Buys 50-Year-Old Company in 'Weird' Deal

EVA Automation hasn't released anything in its 2-year history

(Newser) - "You’re not going to hear about a weirder deal today," declares TechCrunch after a decades-old British speaker company was bought by a tiny Silicon Valley startup this week. Founded in 1966, Bowers & Wilkins boasts pages of audio products for sale. Founded in 2014, EVA Automation has...

'Tight-Lipped' Startup Is Taking Over Palo Alto

Some complain Palantir Technologies is making it tough for the little guys

(Newser) - When it comes to the legions of Bay Area startups, Palantir Technologies may not be a household name, but after reading this, you're not likely to forget it. Described by the Mercury News as "secretive" and "tight-lipped," Palantir's name is a nod to a crystal...

These NYC Apartments Offer Little Privacy, Free Beer

WeLive communal spaces available for $1,375 monthly

(Newser) - Sleeping behind a curtain in Manhattan is now as affordable as $1,375 per month. The WeWork team known for communal work spaces has just launched a building of communal living spaces in New York City's Financial District where rent starts at $1,375 monthly. That price will get...

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