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Alphabet-owned Google sibling Sidewalk Labs is partnering with Plaza Ventures to set up a new venture capital fund. Quayside Venture Partners (QVP) will invest in Canadian start-ups focused on issues such as sustainability, mobility and housing affordability. The fund will include a $10 million commitment from Sidewalk Labs, tied to its proposed Quayside development in Toronto. It is expected tha...
WeWork’s failed attempt to go public led to a slashed valuation and a diminished ability to invest in rapid growth. Co-working rivals may spy an opportunity. Once one of the world’s fastest-growing and most highly-valued startups, WeWork is gaining a new reputation. The company saw its valuation spiral after scrutiny surrounding its now-withdrawn IPO revealed that it had...
A real estate business that received the backing of Property Innovation (Pi) Labs, a leading Proptech VC, is raising equity capital through crowdfunding. Track, which serves as a property and fund manager for homeowners, is raising £250,000 (appr. $328,000) on Seedrs for 11% of company equity. Track has raised nearly £160,000 from 48 individual investors, which is roughly 65% of its fundraising...
In the final installment of the #StartupLife series for 2019, I am making things personal. The PropTech startup founders who agreed to be a part of the series opened up their hearts and shared the worst and best moments in their careers to date for the readers of this column. Startups are consumed by four main things: their team, their product, getting funding and ...
Since I began working in the late ‘80s, I’ve weathered many market cycles. Some were mild, others devastating. Each time, however, similar mistakes and patterns emerged. Market cycles went south once greed led to lax vetting from banks, lenders, and investors. In today’s tech ecosystem, the same pattern has emerged; when cash is plentiful, entrepreneurs too of...
Since I began working in the late ‘80s, I’ve weathered many market cycles. Some were mild, others devastating. Each time, however, similar mistakes and patterns emerged. Market cycles went south once greed led to lax vetting from banks, lenders, and investors. In today’s tech ecosystem, the same pattern has emerged; when cash is plentiful, entrepreneurs too of...
Hospitality company Sonder has ambitions to become the next-generation Hilton or Marriott as part of its plan to radically redefine the industry. The San Francisco-headquartered firm has raised a total of $360 million in funding and has been putting the money to use growing in cities across the world. Speaking at Skift Short-Term Rental Summit, Sonder co-founder and CEO Francis Davidson said it ...
With about a year under its belt, a team that has grown from one to four, and a second project launching soon, Kin is starting to get its footing. The company, which partners with developers to provide programming to alleviate the isolating nature of urban living for young families, is all about community, and CEO Britt Zaffir said that permeates through how her team conducts business every day....
Take a quick look around you. Right now, you are probably surrounded by a rich tapestry of technologies working hard to improve the way you live and work. Some are obvious, some are hidden. You are looking at one right now. Tangible tech like computers and mobile phones are easy to identify, but they represent only a small fraction of the gadgets, gizmos, systems and...
Armed with algorithms, robotic warehouses and cashierless stores, Amazon.com Inc. is commonly seen as an existential threat to traditional grocers. In recent weeks alone, Amazon confirmed plans for a mainstream supermarket to complement its pricey Whole Foods Market chain, and the company plans to bring i...