Tech

From food delivery to housing: Former Favor founders raise millions for Sunroom Rentals

4 days ago   |   By Tech Crunch

Real estate tech startup Sunroom Rentals , which leases units on behalf of property managers and apartment owners, has raised $11 million in a Series A round of funding led by Gigafund.
Ben Doherty and Zachary Maurais, former founders of the delivery app Favor, launched Sunroom in May 2018 with the mission of “boosting the profitability” of mid-size property managers and apartment owners by giving them a way to outsource their leasing operations.
The pair sold Favor to Texas grocer H-E-B in 2018 and soon after shifted their focus on building out Sunroom. The Austin-based company has...
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VC firms are launching SPACs, raising billions of dollars to potentially buy startups they're invested in

VC firms are launching SPACs, raising billions of dollars to potentially buy startups they're invested in

4 days ago   |   By Business Insider

Summary List Placement These days, more venture capital firms are either forming their own special purpose acquisition companies, or SPACs, or having internal conversations about doing so. A SPAC would let them launch a startup onto the public markets, even one from their own portfolios.
Peter Hébert, a founding partner at Lux Capital, whose SPAC started trading on the stock market last fall, said he's had at least 60 phone calls with venture capitalists who are asking if they should jump on the trend.
Lightspeed Venture Partners is among the SPAC-curious, according to Barry Eggers, a...
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How Miso Robotics went from scrappy fast-food robot startup to raising $37 million in VC, and why its founder will never give up on crowdfunding campaigns

How Miso Robotics went from scrappy fast-food robot startup to raising $37 million in VC, and why its founder will never give up on crowdfunding campaigns

4 days ago   |   By Business Insider

Summary List Placement Miso Robotics made headlines nearly three years ago when it debuted a burger-flipping robot, Flippy, at a fast-food restaurant in Southern California. Flippy was billed as the world's first autonomous robotic kitchen assistant - one that would work alongside, not replace, restaurant workers.
Flippy became an instant celebrity, often drawing large crowds at CaliBurger in Pasadena, California, the fast-food chain piloting the robot.
"We did have people come into the shop every single day to come see the robot. There was a little bit of a cult following," Buck Jordan...
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The Latest: U.S. FDA approves J&J single-shot vaccine

The Latest: U.S. FDA approves J&J single-shot vaccine

WASHINGTON - The U.S. now has a third vaccine to prevent COVID-19. Read more ...

A Trader Joe's employee says he was fired after he asked the company's CEO...

A Trader Joe's employee says he was fired after he asked the company's CEO to enhance its COVID-19 protections

Summary List Placement A New York City man said he was fired by Trader Joe's after he sent a letter to the company's CEO requesting the company make several changes he said... Read more ...

Marc Benioff's strategy to expand beyond Salesforce's roots in sales...

Marc Benioff's strategy to expand beyond Salesforce's roots in sales software is paying off in a big way, latest earnings show

Summary List Placement Despite a turbulent 2020, Salesforce reported strong earnings on Thursday for its fourth quarter and full year, with annual revenue growing 24% . The... Read more ...

Warren Buffett's Berkshire Hathaway posts lower profits, reveals $25 billion...

Warren Buffett's Berkshire Hathaway posts lower profits, reveals $25 billion in stock buybacks last year

Summary List Placement Warren Buffett's Berkshire Hathaway posted a 9% drop in operating earnings in 2020. The billionaire investor's company took a $10 billion writedown on... Read more ...

Biden hails House passage of $1.9T virus bill, now to Senate

Biden hails House passage of $1.9T virus bill, now to Senate

WASHINGTON - The House approved a $1.9 trillion pandemic relief bill that was championed by President Joe Biden, the first step in providing another dose of aid to a weary... Read more ...

From dreams of the presidency to 'Flyin Ted': How Ted Cruz became the most...

From dreams of the presidency to 'Flyin Ted': How Ted Cruz became the most ridiculed senator in US politics

Summary List Placement Texas Sen. Ted Cruz, a man once touted as the next president, is on a downward spiral. The Republican senator has found himself back in the spotlight for... Read more ...

Warren Buffett warned that 'hot' stocks fade, joked about his age, and...

Warren Buffett warned that 'hot' stocks fade, joked about his age, and celebrated America in his annual letter. Here are the 10 best quotes

Summary List Placement Warren Buffett released his yearly letter to Berkshire Hathaway shareholders. The investor warned that frenzies around fad stocks eventually... Read more ...

Warren Buffett admitted a 'big' mistake, touted Berkshire Hathaway's past...

Warren Buffett admitted a 'big' mistake, touted Berkshire Hathaway's past deals, and cautioned traders in his annual letter

Summary List Placement Warren Buffett published his annual letter to shareholders on Saturday. The Berkshire Hathaway CEO made a "big" mistake in overpaying for Precision... Read more ...

Black and LatinX female founders received record funding last year, but...

Black and LatinX female founders received record funding last year, but still got less than 1% of total venture funds

Summary List Placement On paper, diverse female founders appear to be killing it. Last year, Black and Latinx women raised $3.1 billion in venture funding - up from $1 billion... Read more ...

The US government launched a tip line for VCs and startups to blow the...

The US government launched a tip line for VCs and startups to blow the whistle on China. Why isn't Silicon Valley snitching?

Summary List Placement For an informant calling in with a hot tip about a potential national security threat, the generic voicemail greeting provides little sense of urgency or... Read more ...