The sale by Uber itself would raise about $1bn and be set at or above the valuation Uber achieved in June last year, when it sold a 5 per cent stake to Saudi Arabia for $3.5bn. The secondary share sale, on the other hand, would be for as much as $10bn, and would reflect a market price that took into account the company’s struggles this year.
Source: Uber crafts share sale plan to prop up valuation
Minibar Delivery (www.minibardelivery.com), the leading female-founded on-demand alcohol delivery service, announced that it has raised $5 Million in funding, bringing its total investment capital to $6.8M.
Source: On-demand alcohol delivery service Minibar Delivery picks up $5 mln – PE Hub
In a nutshell, everything is as bad as it sounds. A leader is needed.
Self-driving cars are hard enough. A self-driving company is a recipe for a wreck.
Source: Uber Can’t Keep Driving Itself | WIRED
Amazon just announced its new Instant Pickup points for shoppers to retrieve their items minutes after ordering them. Many have speculated that the service offers a new way for Amazon to encourage users to make impulse purchases. But according to one health expert, the service also presents a new way for Amazon shoppers to get medicines needed for acute health problems.
Source: Amazon Instant Pickup: ideal for prescriptions
Lyft’s product director Taggart Matthiesen told Recode that while the company is focusing on self-driving tech, they will always employ people as drivers. Matthiesen explains that the company already has an advisory board that is working on how human drivers will fit into a vision of a driverless fleet. Humans can do things that self-driving cars simply cannot, such as help with suitcases or assist passengers with mobility impairments.
Source: Lyft still sees a place for human drivers in an autonomous fleet
“We know that many of you are asking why Benchmark filed a lawsuit against Travis last week,” the letter reads. “Perhaps the better question is why we didn’t act sooner.” The firm wrote that they warned Kalanick over a month ago that members of the board were prepared to “resort to litigation” if he did not stop meddling in the search for his replacement.
Source: Benchmark says the firm warned Travis Kalanick over a month ago that it would sue him – Recode
Aldi is building a partnership with Instacart, the Silicon Valley unicorn, to deliver groceries to American doorsteps, as the German discounter looks to slice into the US food market.
Source: Aldi allies with Instacart to battle Amazon in the US
Over the last week, the privately held company’s board voted to take the next step on investment interest from SoftBank, the Japanese conglomerate. It is still considering an offer from a consortium led by Shervin Pishevar, an early investor in the company, to buy Uber shares from an existing investor. The board also earlier voted to go forward with a proposal from a coalition led by the Dragoneer Investment Group to buy stock from Uber’s existing shareholders.
Source: Uber Board Considers 3 Investment Offers to Buy Company’s Shares – The New York Times
Voom is a strategic initiative of Aᶾ, Airbus’ Silicon Valley outpost and is one of a number of companies striving to make urban air travel economical and accessible through the use of ‘pooling’ technology and an on demand platform business model, employed by the likes of Uber and Lyft.
Source: Urban heli taxis take-off – Shephard Media – Aerospace, defence and security news and analysis
This will be very interesting, if Zinio and Scribd figure out how to link world-class journalism to local advertising revenues, too.
Scribd offers publishers a variety of ways to monetize their stories, which appear on the company’s app. The terms include a fixed-fee license for a set of each publisher’s content, or a payment each time an article is read. Previously, the company cut deals with major news organizations including The New York Times, The Washington Post, Wall Street Journal and magazines like Time, Fortune and Bloomberg.
Source: Scribd, on the hunt for a bigger trove of journalism, doubles down on magazines – Poynter