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Loot - Crowdfunding 2.0

It's Official: Gov. signs off on N.C. crowdfunding law

by Lauren K. Ohnesorge Crowdfunding

RALEIGH — A bill signing at WebAssign’s Centennial Campus in Raleigh became a celebration Friday for both executives and officials.

After more than three years of back and forth, a crowdfunding measure has passed the state legislature, making the new fundraising option official for entrepreneurs in North Carolina.

“What North Carolina didn’t have was a type of ‘Shark Tank’  ...

16 hours ago
Loot - IPO watch

Impinj's CEO touts IPO, details how proceeds will be used

by Rachel Nielsen impinj chris diorio

SEATTLE — Impinj's CEO is glad that the company designer of radio tags and tracking software secured an influx of cash via an IPO rather than a sale.

The Seattle company raised more than $67 million when it began trading Nasdaq Stock Market on Thursday under the ticker symbol PI.

The path to Impinj's IPO was dotted with acquisition offers.

CEO Chris Diorio said companies had approached Impinj,  ...

17 hours ago
Startups - Startup peel back

So much for shooting Google in the head: Cyanogen cuts staff, said to be shifting from OS to apps

by Cromwell Schubarth Kirt McMaster Cyanogen

SILICON VALLEY — Big changes and a major workforce reduction were reported on Friday at Cyanogen, the Palo Alto-based mobile operating system startup whose CEO once boasted he was "putting a bullet through Google's head."

Android Police first reported the story, citing unnamed people at the company and others later picked up on it with their own sources.

The company led by CEO Kirt McMaster,  ...

17 hours ago
Startups - Silicon Nation: Austin

Lyft breaks silence in Austin City Hall ridesharing standoff, texts show

by Michael Theis CityCouncil2016 9726

AUSTIN — Lyft Inc. closely monitored Austin City Council’s deliberations in late June over penalties for ridesharing companies that don’t comply with regulations, according to correspondence obtained by the Austin Business Journal.

Lyft's interactions with Austin officials came around the same time that Mayor Steve Adler held a June 15 meeting with Uber Technologies Inc. national, regional  ...

18 hours ago
Media - The streaming wars

Pandora reportedly rejects suitor

by Riley McDermid Pandora

SAN FRANCISCO — Oakland-based media company Pandora rejected a $15-a-share takeover offer floated by Liberty Media that reportedly valued the company at $3.4 billion, a report says.

Shares of Pandora fell about 2 percent to $12 this morning. Pandora told the Business Times Monday that it would not comment on the report.

An activist hedge fund that is the largest shareholder in Pandora began  ...

19 hours ago
Startups - Legal battles

Airbnb sues S.F. over ordinance, hires ex-mayors to help advise it

by Riley McDermid Airbnb

SAN FRANCISCO — Home sharing company Airbnb is suing the City of San Francisco for a host of new regulations and has hired several former mayors to help advise it on how best to deal with civic governments, news reports said this weekend.

Airbnb's federal lawsuit, filed in June but only recently reported, claims the city's newly adopted ordinance that could fine hosts not registered with the  ...

20 hours ago
Startups - Silicon Nation: Washington

Inky wants to change how you check and send email

by Andrew Kim Baggett Dave 09122014 05

WASHINGTON — Perhaps you are a hospital patient, worried about someone seeing your emailed X-rays, or an accountant checking a client's sensitive financial information over an email message. Or you're a CFO of a large company and want to find novel ways to tackle phishing problems that have become an epidemic in the workplace.

One Bethesda company wants to counteract those problems. It's  ...

21 hours ago
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