Car-sharing network Turo expands service in UK

Turo — the peer-to-peer car-sharing marketplace sometimes referred to as the ‘Airbnb of cars’ — is expanding to the UK. And this time, everyday car owners can actually use it. The San Francisco-based company expanded to the UK once before in 2016. But at the time, the Turo platform was only offered to small rental […]

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Mobile social network Path, once a challenger to Facebook, is closing down

It’s that time again, folks, time to say goodbye to a social media service from days past. Following the shuttering of Klout earlier this year, now Path, the one-time rival to Facebook, is closing its doors, according to an announcement made today. (Yes, you may be surprised to learn that Path was still alive.) The […]

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Mary Meeker, author of the Internet Trends Report, is leaving Kleiner Perkins

Mary Meeker is leaving Kleiner Perkins to build a new fund and she’s taking the firm’s growth team with her, as first reported by Recode. Meeker, widely known for her annual Internet Trends Report, joined the firm in 2010 after two decades as a managing director at Morgan Stanley. She was well-established as a tech analyst on Wall Street. In Silicon Valley, she quickly built a reputation as one of the best.

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Playing the global game, Sequoia can cut checks for up to $1 billion

As the shadow of SoftBank (and its $100 billion fund) looms large over the investment landscape, Sequoia Capital is pushing the upper limits of the checks it’s willing to write to global growth-stage companies up to $1 billion. With a B. That’s the word from Sequoia’s global managing partner Doug Leone speaking onstage at Disrupt […]

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Women-only co-working space The Wing is launching an app to help its members stay connected

The Wing is bringing the physical world it’s created for professional women through its co-working spaces to the digital world, with the launch of a social networking app, slated to become available later this month.

The co-working company created the app to connect its members and keep them up to date on The Wing’s programming. For now, the app will only be available to paying Wing members.

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Munich Re buys IoT middleware startup, relayr, in deal worth $300M

Berlin based Internet of Things (IoT) startup relayr, whose middleware platform is geared towards helping industrial companies unlock data insights from their existing machinery and production line kit by linking Internet connected sensors and edge devices to platform controls, has been acquired by insurance group Munich Re in a deal which values the company at […]

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Sino-US investment firms are targeting over $4 billion for new funds launched this year

As limited partners increasingly demand greater exposure to emerging market opportunities, venture capital firms with a focus on Asia are bulking up their funds and chasing deals in an increasingly competitive race to own stakes in the next generation of local startups with global aspirations. Over the last year, firms, including DCM Ventures, GGV Capital, Matrix […]

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Gusto raises $140 million to go after small business payroll and benefits with more gusto

Gusto, which sells payroll, benefits and human resources management and monitoring services to small businesses, has raised $140 million in its latest round of funding. The company said it will use the money to add new services to increase payment flexibility for employees. The company launched a new service called Flexible Pay, which gives employees […]

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Ellen Pao memoir adaptation among 7 new Shonda Rhimes projects for Netflix

When Shonda Rhimes left ABC last August for Netflix, both she and the studio kept a tight lid on their plans. We could only imagine where the twists and turns that her future stories would take us. Well, now we know. This week, Rhimes’s production company Shondaland and Netflix announced seven projects that she will make […]

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