Airbnb, the short-term rentals startup valued at $25.5 billion, is suing San Francisco after the city passed legislation that would penalize it for unregistered hosts. Read more »
MINNEAPOLIS—Startup accelerator Gener8tor is expanding to the Twin Cities market and scouting for office space as it prepares to launch a six-week version of its program in Minnesota this year.
The organization hired Mark McGuire to lead the Minnesota program. He was most recently an entrepreneur in residence at American Family Insurance's venture arm and before that co-founded four companies, ...4 minutes ago
BOSTON—Startup Institute, a Boston company that offers full- and part-time immersive education programs for those interested in the innovation sector, is seeking a new leader to replace its outgoing CEO, Diane Hessan.
Hessan has been the CEO of Startup Institute since October 2014 and announced in an email on Saturday that she will be leaving her position at the end of June.
An active search ...49 minutes ago
BOSTON—Today, PureTech Health is launching a new company based on technology from MIT to analyze subtle changes in a person’s voice as a way to screen for mental health conditions like depression, as well as respiratory and cardiovascular problems.
Sonde Health has an exclusive license for what it calls a “vocal biomarker analysis” — health monitoring audio analysis technology developed ...1 hour ago
SAN FRANCISCO—Troubled San Francisco-based fintech Lending Club will lay off 12 percent of its staff and has disclosed that its ex-CEO made more than $700,000 in loans to family members, in a bid to inflate monthly loan volume.
Renaud Laplanche and several other executives were ousted last month after an internal probe found that about $22 million in loans were made despite investor's explicit ...1 hour ago
SILICON VALLEY—Sidewalk Labs, Google’s secretive urban development division, plans to revitalize public transportation with subsidized ride-sharing and more efficient public parking.
Columbus, Ohio, will be the company’s first test site for its new urban technologies, according to The Guardian. The city recently won Google’s Smart City Challenge grand prize and will receive $50 ...2 hours ago
PHILADELPHIA—Social network company MeetMe agreed to acquire mobile flirting app startup Skout for $28.5 million cash and approximately 5.37 million shares in the social discovery company — estimated at $54.6 million.
San Francisco-based Skout will remain a separate brand and standalone mobile app following the closing of the acquisition, expected Oct. 1, and MeetMe said it has extended job ...3 hours ago
SAN FRANCISCO—For decades, the investment decisions have been determined by “information that can fit into an Excel spreadsheet,” according to Hendrik Bartel, founder and CEO of SF-based TruValue Labs.
But new forms of data, combined with techniques like natural language processing and cognitive computing, are quickly changing that reality. And if startups like TruValue are successful, it ...3 hours ago
Carol J. Warner commented on How a new company became the go-to for ancient rock stars on Sunday, June 19th
Adela J. Bowen commented on Electric car maker expands footprint to take on Tesla on Wednesday, June 22nd
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