Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Begin: WordPress Article Content Giphy, the Google of GIFs, has closed a $55 million Series C funding round at a valuation of $300 million post-money. The round was led by Lightspeed Venture Partners with participation from General Catalyst Partners, RRE, Betaworks, Lerer Hippeau Ventures, CAA and other existing Giphy investors. Giphy launched out of betaworks…
Might B.o.B. and Neil deGrasse Tyson have to take their mixtape beef elsewhere? According to the Financial Times, music streaming service SoundCloud could be in trouble unless it raises additional capital in the next 12 months. At the end of 2014, SoundCloud reported a gain of $17.35 million in revenue for the year, yet experienced…
Begin: WordPress Article Content Include: Need For Transparency And Accountability Tech companies have gotten better about disclosing their diversity data, but there are still a ton of companies that haven’t done so. In the reports that do exist, what’s often missing are insights around retention rates, which can be good indicators of a company’s culture and what…
Theranos chief executive Elizabeth Holmes gestures as she speaks at a technology conference in October (Glenn Chapman/AFP/Getty Images) Theranos, the high-profile Silicon Valley company that promised to revolutionize blood testing, was warned by federal regulators this week that its Newark, Calif. laboratory has “deficient practices” that “pose immediate jeopardy to patient health and safety,” according…
Photo: Diane Bondareff/AP Photo. A (formerly) pregnant woman in New York City has an Uber horror story that will definitely beat yours, no matter how long your driver listened to the Dave Matthews Band. Fortune reports that when David Lee’s wife went into labor last November, they ordered an Uber to take them and…
Joshua Topolsky, co-founding editor of our Vox Media sister site* The Verge and most recently head of digital at Bloomberg, is working on a new digital media project that will cover a broad range of topics including politics, culture and business. The holding company name is Independent Media, and the new site, which doesn’t have a name…
“I thought nothing was unacceptable as long as I could close the door and have some small space to myself.” This is an internet post about a startup founder who recently enrolled in social assistance programs, namely food stamps and Medicaid. “I went to a building in Brownsville last week that had padlocks on the…
Paul Graham is Still Asking to be Eaten An Obviously Critical Response to “Economic Inequality” by Paul Graham robotorgy.tumblr.com I’ve been asked by a bunch of people today to comment on this essay “Economic Inequality,”penned by self-described “essayist” Paul Graham, the subject of a poem I recently wrote entitled, “Paul Graham is Asking to be…
Uber’s losses grew to nearly a billion dollars in the first half of last year, nearly 50% more than its full-year losses in 2014, according to confidential documents issued by the company as part of financing efforts last year. Net revenue in the first half of 2015 was $663 million, the documents showed. (Scroll down…
The night before a big meeting with a Swiss drug company in 2008, Theranos Inc. founder Elizabeth Holmes and a colleague sat in a Zurich hotel, sticking their fingers with a lancet. They drew drops of their own blood to try the company’s testing machine, but the devices wouldn’t work, says someone familiar with the…