Security researchers at IBM have found, reported and disclosed 19 vulnerabilities in five popular visitor management systems, which they say can be used to steal data on visitors — or even sneak into sensitive and off-limit areas of office buildings. You’ve probably seen one of these visitor check-in systems before: they’re often found in lobbies…
Breakthrough Energy Ventures, the investment firm financed by billionaires like Jeff Bezos, Bill Gates, and Jack Ma that invests in companies developing technologies to decarbonize society, is investing $12.5 million in a geothermal project development company called Baseload Capital. Baseload Capital is a project investment firm that provides capital to develop geothermal energy power plants…
If Bloomberg and the New York Times are to be believed, later this year Facebook will introduce a cryptocurrency which will allow WhatsApp users to send money instantly. Yes, that’s right: Facebook. Cryptocurrency. Earthquake! Revolution! The world is tilting on its axis! The end times are cometh! Except – um – what exactly are people…
Editor’s Note: Technology, startups, entrepreneurship, unicorns, S-1s. Silicon Valley has created an economic engine unlike any other in the world over the past few decades. That success has come with incredible influence over our society, politics, and economy, an influence that is increasingly under the microscope. Our industry has gained outsized power, and now it…
The day has finally come. U.S. ride-hailing giant Lyft has unveiled its S-1, the official document required by the Securities and Exchange Commission to go public. The San Francisco-headquartered business will debut on the Nasdaq stock exchange under the ticker symbol “LYFT.” JPMorgan Chase & Co., Credit Suisse Group AG and Jefferies Financial Group Inc.…
New Enterprise Associates, the 41-year-old venture firm with offices in Menlo Park; San Francisco; Boston; New York; Chevy Chase, Md.; and Washington, D.C., is raising its biggest fund ever, shows a new SEC filing that shows target of $3.6 billion. The fund, its seventeenth, is just slightly bigger than the $3.3 billion fund the firm…
Another overly niche streaming service is closing up shop. On Friday, Alpha – a geek-friendly streaming service that focused on TV, pop-culture, sci-fi, comics, video games and more – announced it was shutting down. The subscription-based streaming service had been a joint venture between Nerdist and Geek & Sundry, and offered $4.99-per-month access to a…
In Lyft’s S-1 this morning, the company laid out the potential consequences for converting its drivers from independent contractors to W-2 employees. This, of course, has been an ongoing conversation within the gig economy. Those who work as 1099 contractors can set their own schedules, and decide when, where and how much they want to…
The Nordic Web Ventures, the ‘pre-seed’ investment firm founded by Neil Murray in late 2017, has raised a second fund to continue backing very early-stage startups within the Nordic ecosystem. The remit of the new “Fund II” is largely unchanged from the first fund, promising to write the first cheque of between $50,000 and $75,000…
Tesla made a flurry of announcements this afternoon with the highlight being the company’s reveal of its $35k Model 3. That reveal grabbed the most headlines, but updates to the Model S and Model X lines brought the costs of high-end models down with maxed out Performance + Ludicrous Mode versions of the S and…
