Startups Weekly: Even Gwyneth Paltrow had a hard time raising VC

This week in startups: Celebrities mingle with VCs at the Upfront Summit, Pinterest preps banks for IPO and Sam Altman has a grand new idea.

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How business-to-business startups reduce inequality

Sibjeet Mahapatra Contributor Share on Twitter Sib Mahapatra first explored VR at Redfin. He is co-founder of Recess Labs and a Venture Fellow at Notation Capital, where he researches frontier tech including AR and VR. More posts by this contributor VR, presence and the case of the missing killer app The bull case for Snapchat […]

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As it raises new cash, Recharge adds homes to its supply of on-demand spaces

Recharge, the business which got its start pitching pay-as-you-go rentals of unused hotel rooms, is adding private homes to its inventory of spaces — offering the first 100 signups in cities where the plan is available a guaranteed income of $1,000 per month. “To celebrate the launch and continue to expand our community early Recharge […]

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TechCrunch Conversations: Direct listings

Last April, Spotify surprised Wall Street bankers by choosing to go public through a direct listing process rather than through a traditional IPO. Instead of issuing new shares, the company simply sold existing shares held by insiders, employees and investors directly to the market – bypassing the roadshow process and avoiding at least some of Wall […]

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No, you can’t hide a security camera in your Airbnb rental photos and call that ‘disclosure’

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One person’s recent experience at an Airbnb has the company apologizing and clarifying its rules on surveillance devices.

Airbnb recently dismissed a privacy concern from one if its users when he discovered security cameras inside his Airbnb rental. The cameras were not mentioned in the Airbnb listing, as required by the company’s rules. After the user went public with his ordeal, Airbnb refunded the user, banned the host, and clarified that the listing did indeed break Airbnb policy.

When Jeffrey Bigham rented a home on Airbnb for himself and his family over the winter holiday break, everything seemed to check out. The Carnegie Mellon University professor detailed in a blog post how he went over the description, checked out the photos, and did his due diligence before renting the home. Read more…

More about Privacy, Airbnb, Security Camera, Tech, and Cybersecurity

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Ahead of IPO, Airbnb achieves profitability for second year in a row

Airbnb, which is expected to go public this year, announced today a number of milestones. For starters, Airbnb says it was profitable on an EBITDA (earnings before interest, taxes, depreciation and amortization) basis for the second year in a row in 2018. In Q3 2018, Airbnb said it had its strongest quarter ever, where it […]

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What3Words breaks the world down into phrases

If you’re down in ///joins.slides.predict you may want to visit ///history.writing.closets or, if you’ve got a little money to spend, try the Bananas Foster at ///cattle.excuse.luggage. Either way, don’t forget to stop by ///plotting.nest.reshape before you fly out. If things go what3words way, that’s how you’ll be sending out addresses in the future. Founded by […]

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Lightspeed announces new $560 million fund for China

Global investor Lightspeed is starting 2019 with its largest-ever fund for China, where it has backed a number of new internet challengers. The firm announced this week that its fourth China fund has closed with a total capital commitment of $560 million. The firm had a massive 2018, with no fewer than five of its portfolio holding IPOs […]

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Did unicorns like Lyft and Uber wait too long?

It was several years ago, at a tech conference in Laguna Beach, Calif., that the venture capitalist Bill Gurley issued one of what would become repeated warnings that startups were staying private too long. Comparing companies that refuse to go public to undergrads whose college careers extend several years past the point that they should, […]

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Changing consumer behavior is the key to unlocking billion-dollar businesses

Revolutionary products succeed when they deliver value to their users. The fact that a product creates a behavior shift is not enough. It must create value to overcome the initial skepticism.

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