Congrats guys and happy to say we knew you when. INRIX a leading provider of real-time traffic information and connected driving services worldwide, announced it has completed the acquisition of ParkMe, a Santa Monica, CA company that helps consumers find parking, make reservations and mobile payments worldwide. This deal makes INRIX the preferred provider of parking information and services to leading automakers, transportation agencies and drivers around the world.
One question everyone asks is what investors look for when deciding whether or not to fund a startup. Having a high-caliber team with a good track record and a clear value proposition are givens. But the bottom line is that it comes down to the numbers. VCs are looking to make investments that pay off big.
After releasing its first ever report, Amazon has left many consumers and users wondering about a number of things. Of all Fortune 500 companies dealing with tech, Amazon is the last one to disclose publicly the number of data requests it has received from the government. Between January and May 2015, Amazon has indicated it has received about 813 subpoenas with 542 already responded to.
The considerable hype that Jet.com received prior to its launch created high hopes for the subscription shopping program. In the months and days leading up to its debut, Jet CEO and founder Marc Lore tried again and again to downplay the notion that his company would compete head-to-head with Amazon. Those efforts failed, but now that it’s live, consumers and analysts can and will decide on their own whether it fulfills their expectations — not to mention Lore’s recurring promises.
ScholarshipOwl, a free online membership service that matches students to U.S. college and graduate-school scholarships and then automates the application process, has opened the beta version of its service to all users. During a closed part of the beta process, the site attracted more than 25,000 members.
Uber isn’t some niche startup anymore. Due to impressive growth in the past few years, accompanied by headlines reveling in its successes and controversies, Uber has established itself as an innovative transportation service poised for further expansion in the future. In fact, one of Uber’s investors recently said the company could be worth more than $40 billion with an estimated annual growth of an astounding 800 percent.
Launched in Los Angeles in 2012, early-stage venture capital firm Karlin Ventures has announced a new elite tech fellowship program that will kickoff today. The program will feature four master classes each year, giving groups of 12 to 15 rising industry leaders an opportunity to learn directly from experts on specialized topics in areas such as business development, marketing, engineering, and product management.
The startup ecosystem is not just made up of entrepreneurs and investors; it also includes lawyers, bankers, HR and payroll providers as well as financial services providers. These service providers do more than provide a service; they are partners and important players within your startup ecosystem, providing guidance, connections, and support.