As we first reported last month, on-demand delivery app Postmates raised additional funding in a round led by Founders Fund, with participation from existing investors. The company is now confirming the total came out to $140 million, giving the Postmates above a $600 million post-money valuation. Brian Singerman from Founders Fund will be joining the board. […]
Month: October 2016
Researchers who studied trips in Seattle and Boston said African-American users might wait up to 35 percent longer for rides than white users. Source: Study Finds Some Uber and Lyft Drivers Racially Discriminate
I asked Washmen, one of the leading startups in Flat6Labs, what makes them different when I visited a few weeks ago. For one thing, the startup, which works in Dubai, is already profitable on an operating basis, said co-founder and COO Jad Halaoui. It only has four employees, has 1,400 monthly users, and charges $2.25 per […]
Editorial: Judges were right to say that the on-demand industry has not turned our concept of work upside down. Ducking out of paying benefits is not a fair route to profits Source: The Guardian view on the gig economy: obligations not excuses to workers are needed | Editorial | Opinion | The Guardian
No matter where your company is in the transition to supporting the on-demand economy, the race started long ago—and there are still several laps to go before the finish line. Source: How The On-Demand Economy Can Scale | Huffington Post
Today, the Department of Labor is announcing the initial beta launch of worker.gov, a new online tool to assist America’s workers in understanding their rights under federal worker protection statutes. The tool guides workers on a structured journey that provides them with opportunities to take action or find help if they have had wages stolen, […]
The market for Zcash is surging – even before the new digital currency has started trading. Source: CoinDesk Investors Are Going Wild for a Digital Currency Called Zcash – CoinDesk
UK employment tribunal rules that Uber drivers are entitled to holiday pay and the national minimum wage. Source: Uber drivers win key employment case – BBC News
LivingSocial becomes another cautionary tale. Source: RIP LivingSocial: Groupon buys its ailing coupon startup rival
As many as half (50%) of survey respondents plan to shop online for gifts, giving the Internet a bigger lead than ever over discount/value department stores (43%), which rank as the No. 2 destination for gift shopping. This rise in Web traffic could bring retailers more cheer from their e-commerce sales. Survey respondents anticipate they’ll […]