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From JFK photographer to turkey coop resident: The extraordinary life of Burt's Bees' Shavitz

From photographer to honey-peddling hippie to turkey coop resident, the bearded man whose image still appears on tubes of Burt’s Bees lip balm was anything but an ordinary entrepreneur. Read more »

Innovation

Taking a selfie? You may have just bought something

by Brian Feldt selfie millenials

Innovation in the payments sector continues to rapidly transform the way we buy goods and services.

The latest: purchasing via the selfie.

The technology is being developed by MasterCard, which has its Global Technology and Operations center in O’Fallon, Missouri, where much of the work involves maintaining and innovating the company’s payment network and developing new technology.


 ...

11 hours ago
Media

With Hugh Hefner's daughter at the helm, Playboy was able to do what most tech companies can't (Video)

by Mary Johnson

When Christie Hefner, daughter of Hugh, was CEO of Playboy Enterprises, women comprised more than 40 percent of her executive team.

If she could do that, a reporter for Bloomberg TV asked her in a recent interview, why can’t more of the country’s tech companies diversify their executive ranks?

Hefner, now chairman of Hatch Beauty, conceded there is no one “silver bullet to fix it,” and  ...

12 hours ago
Loot

How much 'robo' is too much 'robo' for personalized 'robo-investing'?

by Michael del Castillo Rovo-investing?

When Jon Stein co-founded Betterment in 2008 the idea of a robot investor was so foreign, there was barely even a word for it.

“Today, nobody denies that change is coming,” said Stein, who is the company’s CEO, during the 100th broadcast of Breaking Banks a radio show and podcast, which we attended earlier today.

But by the time the other guests weighed in, including two of New York’s  ...

13 hours ago
Loot

23andMe adds $79.1M in funding, hires head of new drug therapy team

by Gina Hall Anne Wojcicki

DNA testing startup 23andMe raised $79.1 million in funding, according to a new regulatory filing.

The company is planning to raise up to $150 million, according to its paperwork. While the company did not disclose who participated in the round, it has raised $111.9 million to date from investors such as Google Ventures, New Enterprise Associates, MPM Capital, Yuri Milner and Google co-founder  ...

13 hours ago
Startups

Photox, a company that will Botox your photos, and the kinks in its startup journey

by Kasra Kangarloo Botox injection stock

Any number of unforeseen glitches can trip up a young startup — never mind the obvious headaches of raising capital, building a team and figuring out if you're even selling a sellable product. Sometimes it can be something as small as not knowing which obscure rule Apple Inc. will use to bar your app from the Apple store.

That was the story with Alexandria, Va.-based startup Photox, an  ...

14 hours ago
Hatched

Seattle launches incubator for small manufacturers

by Steve Wilhelm Cast parts

Seattle is funding its first-ever manufacturing incubator to encourage small start-up companies within the city.

The effort is small, just $100,000 from fees generated by the city’s New Markets Tax Credits program, a federal tax credit financing tool.

But the hope it that it will help fund a facility that can be shared by several small manufacturers, and which will provide them with equipment  ...

14 hours ago
Loot

What drives this Venrock partner who invests in the Dollar Shave Club, AppNexus and more?

by Gary M. Stern David Pakman

David Pakman has morphed from serving as the chief executive officer of eMusic to being named a partner at Venrock, a major New York venture capital firm that’s invested in prominent startups like Dollar Shave Club, AppNexus and YouNow.

So what does a top venture capitalist look for? On what basis does he analyze a company when it hasn’t turned a profit? How does he rate the potential? What  ...

16 hours ago
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