Sep
30

Tesla is sending hundreds of battery packs to Puerto Rico in the wake of major hurricanes (TSLA)

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A sign saying "Send Tesla" is spelled out with remnants of a nearby house destroyed by Hurricane Irma as the occupant camps on the site twelve days after the devastating storm raked the island, on the northern shore of St. John, U.S. Virgin Islands September 16, 2017. Reuters/Jonathan Drake

A plea for Tesla to send help to Puerto Rico was spelled out with the remnants of a house torn apart from Hurricane Irma — and the electric car marker is now sending aid.

In addition to building electric cars, Tesla also sells an at-home battery pack, the Powerwall, that can capture energy generated by solar panels. Tesla is now shipping hundreds of Powerwalls to Puerto Rico as the island continues to suffer from power outages, Bloomberg first reported.

Puerto Rico was already grappling with power outages after Hurricane Irma, a cateogry 5 storm, hit the island. At least 60,000 people were already without power when Hurricane Maria, a category 4 storm, knocked out power for the entire island's 3.5 million residents.

Generators are currently helping power high-priority buildings like hospitals, but power likely won't return to the entire island for another six months. Tesla's Powerwall could help bridge the gap in some areas as Puerto Rico works to repairs its electrical grid.

Tesla employees are on the ground in Puerto Rico to help install battery packs and repair solar panels, a Tesla spokesperson confirmed to Business Insider.

Get the latest Tesla stock price here.

Original author: Danielle Muoio

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Sep
30

Travis Kalanick appoints Ursula Burns, John Thain to Uber’s board

 Former Uber chief Travis Kalanick has appointed two more people to the ridesharing company’s board.One of the seats is going to Ursula Burns, former CEO and Chairwoman of Xerox. The other is going to John Thain, who has served as CEOs of CIT Group, Merrill Lynch and the New York Stock Exchange.A spokesperson for Kalanick provided us with the following statement:“I am happy to… Read More

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Sep
29

October 5 – 370th 1Mby1M Mentoring Roundtable for Entrepreneurs - Sramana Mitra

Entrepreneurs are invited to the 370th FREE online 1Mby1M mentoring roundtable on Thursday, October 5, 2017, at 8 a.m. PDT/11 a.m. EDT/8:30 p.m. India IST. If you are a serious entrepreneur, register...

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Original author: Maureen Kelly

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Sep
29

Roku nearly doubles since IPO, up another 13% on day two

 Digital streaming business Roku has soared in its public debut. After pricing its IPO Wednesday at $14 per share, Roku finished its first day of trading at $23.50, up nearly 68%. And by the end of Friday, Roku closed at $26.54, or up 90% in less than 48 hours. The company is now valued at about $2.6 billion. So this must be great news for the company, right? Well, sort of. Read More

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Sep
29

Bootstrapping to $30 Million from Florida: SproutLoud CEO Jared Shusterman (Part 2) - Sramana Mitra

Sramana Mitra: What prompted you to go dig into jewelry? What was the trigger for jewelry? Jared Shusterman: We had a family friend who who was a consultant for jewelry retailers. I was lucky enough...

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Original author: Sramana Mitra

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Sep
29

369th Roundtable Recording On September 28, 2017: With Jana Eggers, Nara Logics - Sramana Mitra

In case you missed it, you can listen to the recording here:

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Original author: Maureen Kelly

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Sep
29

10 Podcasts with Investors on Seed Financing for Startups - Sramana Mitra

Once upon a time, there used to be Seed and Series A as financing options for startups. Now, we have pre-seed, seed, pre-Series A, and THEN Series A. And the Series A can often be a small $1-3...

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Original author: Sramana Mitra

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Sep
29

Billion Dollar Unicorns: CrowdStrike Joins the Club - Sramana Mitra

According to a report by Markets and Markets, the global endpoint security industry is estimated to grow from $11.62 billion in 2015 to $17.38 billion by 2020. That translates to an 8% annualized...

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Original author: MitraSramana

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Sep
29

Building a Two-Sided Marketplace: LawnStarter CRO Ryan Farley (Part 5) - Sramana Mitra

Sramana Mitra: Did you raise funds at the Techstars demo day or did you raise funds afterwards? Ryan Farley: Most of it was afterwards. We pieced together a round of a lot of individual angel...

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Original author: Sramana Mitra

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Sep
28

Here are the 12 startups in Techstars NYC’s Summer 2017 class

 The 12 startups of Techstars NYC‘s latest class are taking over tonight’s NY Tech Meetup. This “community demo day” is part of Managing Director Alex Iskold attempt to rethink the traditional accelerator demo day. (Don’t worry, the startups will get to meet with investors too, through one-on-one sessions during Techstars’ investor week.) I recently visited… Read More

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Sep
28

Accela gets acquired by Berkshire Partners as it looks to move govtech services to the cloud

 Boston-based private equity shop Berkshire Partners announced this afternoon that it is acquiring Accela — a nearly 20 year old startup that sells regulatory management solutions to government clients. Accela has gone through a troika of CEOs in the last year. Previously acting CEO Mark Jung replaced Maury Blackman last October who had managed the company for about a decade. We… Read More

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Sep
28

American Airlines teams up with Casper to offer new in-flight sleep products

 American Airlines and Casper are announcing a new partnership that could help passengers (like me) who have trouble sleeping on flights. They’re not going as far as putting Casper mattresses on planes. Instead, they say they worked together to create eight new sleep products designed to improve in-flight slumber. Those products include a mattress pad that fits over your seat, a… Read More

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Sep
28

Angry Birds-maker Rovio priced IPO, valuing company at $1 billion

 Angry Birds-maker Rovio Entertainment priced its IPO at 11.50 euros, at the top of its proposed range. It raises 30 million euros in proceeds.This values the company a little above $1 billion, just half of the $2 billion the company was previously said to be hoping for. The company previously raised at least $42 million in venture funding from Accel, Atomico, Felicis Ventures and… Read More

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Sep
28

Roundtable Recap: September 28 – AI Startup CEO Jana Eggers Says There IS Bias Against Women Entrepreneurs - Sramana Mitra

During this week’s roundtable, we had as our guest Jana Eggers, CEO of Nara Logics, Inc., an AI startup that has successfully pivoted from B-to-C to B-to-B under her leadership. We discussed...

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Original author: Sramana Mitra

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Sep
28

Bootstrapping to $30 Million from Florida: SproutLoud CEO Jared Shusterman (Part 1) - Sramana Mitra

Jared bootstrapped his company with his Barmitzvah money. Read his wonderful story! Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from? Where were you born, raised,...

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Original author: Sramana Mitra

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Sep
28

369th Roundtable For Entrepreneurs Starting NOW: Live Tweeting By @1Mby1M - Sramana Mitra

Today’s 369th FREE online 1Mby1M roundtable for entrepreneurs is starting NOW, on Thursday, September 28, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join. All are...

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Original author: Maureen Kelly

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Sep
28

369th Roundtable For Entrepreneurs Starting In 30 Minutes: Live Tweeting By @1Mby1M - Sramana Mitra

Today’s 369th FREE online 1Mby1M roundtable for entrepreneurs is starting in 30 minutes, on Thursday, September 28, at 8:00 a.m. PDT/11:00 a.m. EDT/8:30 p.m. India IST. Click here to join. All...

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Original author: Maureen Kelly

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Sep
28

Varsity Tutors acquires First Tutors in the UK to start expanding internationally

 Varsity Tutors, the education platform that connects students with tutors, has today announced the acquisition of First Tutors in the UK. This marks the first major international expansion for Varsity Tutors, which has raised $57 million since launch in 2011. The terms of the deal were not disclosed. Varsity Tutors originally launched as a platform that would connect tutors with students and… Read More

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Sep
28

Airbus and HAX create an accelerator program for flying taxi tech

 Aeronautics industry giant Airbus is teaming up with hardware early-stage investment firm HAX to create a four-month accelerator program based in Shenzhen focused on a high-flying goal – “urban air mobility.” The program will seek to guide startups working on various aspects of flying cars and aerial city transportation, including air traffic management, perception systems… Read More

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Sep
28

Billion Dollar Unicorns: Valuation for WeWork Continues to Soar - Sramana Mitra

According to a report by Emergent Research, the global number of co-working members are projected to grow 41% annually over the next four years through 2020. Co-working company and Billion Dollar...

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Original author: MitraSramana

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