Tech Startup News, powered by Zaphne for 04-30-2018

Top 5 Startups 2018

Miami tech leaders talk about the future of the city’s startup ecosystem.

Back in 1998, when the Miami Herald launched its first ever Business Plan Challenge, Miami had no real startup community. The inaugural event of Refresh Miami, the tech booster nonprofit Breslin co-founded, was a meeting at the Starbucks on Alton Road and 16th Street in Miami Beach in 2006. Matt Haggman, who had just taken over as Miami director for the Knight Foundation, announced that entrepreneurship would now be the Knight Foundation’s priority for Miami. Miami’s startup ecosystem finally caught the nation’s attention in the winter of 2014, Breslin says, when Refresh hosted an. While the fate of the region’s multibillion-dollar startup, augmented reality software company Magic Leap, hangs in the balance, the presence of both giants has helped lift Miami’s national profile. 

Another pernicious divide plaguing Miami’s ecosystem is that many of those working on startups are business entrepreneurs – not tech developers or designers. Miami Mayor Francis Suarez has said he is trying to do as much, announcing recently he would give tech companies moving into. Part of Miami’s challenge may simply be reputation – Miami has never been known as a hub for developers. Dual Kauffman rankings show Miami as America’s top community for new startup activity – but near the bottom for scale ups. When it comes to the average number of employees per high-tech firm, a. 

new report from the Miami Urban Future Initiative puts Miami second to last – 52nd among large U.S. metros. Betsy Atkins, a Miami-based entrepreneur and a frequent guest on national business media networks, says Miami is still working its way up to second-tier tech hub status. 10 Key moments that shaped the ecosystem Late 1990s: Manny Medina establishes Terremark as a leading telecoms firmApril 2006: Refresh Miami holds its first brainstorm session2008-2009: Housing crisis shifts investment into tech – and Wynwood, where land is cheapDecember 2010: Panther Coffee opens in Wynwood, serving as an anchor and catalyst for WynwoodWinter 2012: Matt Haggman launches Miami entrepreneurship initiative at the Knight FoundationJune 2012: Wynwood LAB co-working space opens its doorsSeptember 2013: Endeavor accelerator lands in MIamiWinter 2014: First eMerge conference heldJuly 2016: First Venture Cafe night held at Cambridge Innovation Center MiamiFebruary 2018: Miami named No. 1 city for co-working10 Startups To Watch Caribu. 

Keywords: [“Miami”,”startup”,”tech”]
Source: http://www.miamiherald.com/news/business/technology/article208993854.html

Three Insurance Tech Startups Announce Moves To Hartford

Ten startups hailing from five states and five countries took to the stage to share presentations honed over four months of close collaboration with Hartford insurance anchors, daily networking downtown and practice pitch nights at noisy city breweries. Three of the startups said they’re relocating to Hartford, two more hope to build teams here and several said they’ve vastly changed their businesses based on their time in the accelerator. The inaugural Hartford InsurTech Hub held a showcase of its first 10 participating startups on April 18, 2018. Kaushik Tiwari, founder and CEO of insurance technology startup TrueDime, presents at the Hartford InsurTech Hub’s Demo Day on April 18, 2018. Tiwari, whose chief technology officer studies at Trinity College in Hartford, says he came to this city because he believes in insurance. 

The hub itself was supported by a $1.5 million grant from CTNext – a division of the state’s main investment arm, Connecticut Innovations – and matching funds from Travelers, The Hartford, Cigna, White Mountains Insurance Group, USAA and other partners of the hub. Wednesday’s showcase also marked the completion of the first major element of Hartford Innovation Places, a quasi-public initiative by CTNext to transform the capital into a center of enterprise and economic development in the areas of insurance, medical technology and aerospace and advanced manufacturing. Though nicknamed the Insurance Capital of the World, Hartford has the fifth-strongest insurance cluster in the nation – employing almost 36,000 people – and the local industry lost nearly 20,000 jobs between 2004 and 2014, according to the Innovation Places strategic plan. CAPTION. Candlewood Suites open a new hotel in Hartford on Market Street just down the road for the Hartford Yard Goats Stadium and XFINITY Theatre. 

Candlewood Suites open a new hotel in Hartford on Market Street just down the road for the Hartford Yard Goats Stadium and XFINITY Theatre. CAPTION. UConn’s downtown Hartford campus was officially opened Wednesday with remarks by dignitaries and a ribbon cutting, breathing new life into the historic Hartford Times building. UConn’s downtown Hartford campus was officially opened Wednesday with remarks by dignitaries and a ribbon cutting, breathing new life into the historic Hartford Times building. 

Keywords: [“Hartford”,”insurance”,”city”]
Source: http://www.courant.com/business/hc-biz-hartford-insurtech-accelerator-20180418-story.html

Phoenix Rising: How A Tech Startup Oasis Emerged in the Arizona Desert

Serial entrepreneur and Phoenix, Arizona, native Derek Neighbors had a software engineering degree, a passion for new technology and an entrepreneurial itch. Instead, Neighbors joined a growing number of startup founders who decided to start and scale their companies in Phoenix. In 2008, he and his co-founder, Jade Meskill, rolled up their sleeves and set to work building Gangplank, a startup co-working and event space in Chandler, for tech-obsessed creatives like himself. In the process, Neighbors has also helped cultivate a blossoming tech ecosystem in what was once a startup desert. With zero annual snowfall – compared to the average U.S. 

city, which receives about 26 inches of snow per year – and with 299 bright and sunny days per year, the famously balmy climate is enough to attract people to the Phoenix area all on its own. Neighbors, too, enjoys the affordable flight options out of Phoenix Sky Harbor International Airport. The Gangplank community always rises up when they’re needed. Several Phoenix area public entities, including the Arizona Commerce Authority and the Greater Phoenix Economic Council, as well as nearby Arizona State University, are actively pitching in to encourage area entrepreneurial innovation, and have been for some time. The nearby college town of Tempe, situated approximately 10 miles to the southeast of downtown Phoenix, is leading area economic development, beginning with building a bioscience hub to attract startups and enterprise companies in the health industry. 

Several big-name and up-and-coming Silicon Valley tech companies have recently set up shop in Greater Phoenix, helping to foster the area’s innovation and talent tech boom. For its part, Co+Hoots has assisted many larger companies and brands that now operate nationally and internationally in launching in Phoenix. There’s a built-in startup community that tech entrepreneurs can easily tap into. 

Keywords: [“Phoenix”,”startup”,”city”]
Source: https://www.freeenterprise.com/how-phoenix-became-a-tech-startup-oasis-in-the-desert/

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Tech Startup News, powered by Zaphne for 04-29-2018

Dublin Tech Summit – DTS: Where Today’s Leaders Meet Tomorrow’s Technology

DTS18’s Official Music Partner beatvyne will host the MUSICxTECH stage which will see a gathering of the world’s leading experts to highlight new technologies in a changing global music industry, with a focus on the fan experience. It will explore how new technologies such as Mixed, Augmented and Virtual Reality, Artificial Intelligence, Blockchain and new immersive live experiences are positively changing the current music landscape and how these technologies can be incorporated by artists and the industry in new ways. Beatvyne’s MxT stage will give access to the latest tech, encouraging interdisciplinary and cross-cultural collaborations to jointly enhance the music industry for good. MxT2018 has been acknowledged by involved companies such as Live Nation, Shazam and Amazon Music as the missing link to today’s technology and progressive step to positive change. We are looking how to incorporate the latest technological disruptions for the benefit of the music industry over the next five to ten years with the aim to inspire new and groundbreaking experiences with industry professionals, techies and creatives alike. 

Keywords: [“Music”,”industry”,”new”]
Source: http://dublintechsummit.com

Financial Tech Startup Webinar

For you start your own tech startup in different industries and markets. During our tech startup program you will learn and navigate through. Platforms for you to integrate into your own tech startup process. To implement and integrate into your own tech startup or. Products, projects, prototypes or services in your tech startup. 

Quality tech ideas into your own tech startup process. Find your first clients and customers for your tech startup and. Which platforms, models and tools to integrate into your tech startup. During this session we will explore the coding process of your tech startup. Other technical solutions for your tech startup to work efficiently. 

During this session we will explore the consulting process for your tech startup. During this session we will explore management process of your tech startup. 

Keywords: [“Tech”,”Startup”,”During”]
Source: https://www.atechup.com/product/financial-tech-startup-webinar

Plug and Play Startup Camp Incubator

Landlords who own and manage fewer than 10 rental units lack access to the same tools, resources and information available to large, nationwide property managers. The tools that larger managers use are both too costly and too complex for someone with a smaller portfolio. As a result, DIY landlords use technology that is not designed for the tasks they are trying to accomplish, which adds extra time and headaches to the problems. Our online platform guides landlords and tenants through every step of the rental process. We do this with automated prompts, reminders and access to all of the tools they need. 

We help landlords find tenants, screen tenants, create and electronically sign attorney-reviewed lease agreements, collect rent online directly from tenants and manage maintenance requests. 

Keywords: [“tenants”,”manage”,”Landlords”]
Source: http://plugandplaytechcenter.com/startupcamp

STARTUPTECH UNLEASHED – Start-up events to foster the entrepreneurial spirit.

StartupTech Unleashed Inc was created by the need for new and existing business startups to help foster growth and nurture ideas from the conception stage to global domination. We will be focusing on Startups, Technology & Social Innovation in Canada and the USA. We host events in: Toronto,ON Kitchener/Waterloo,ON Hamilton,ON Montreal, QC Buffalo,NY. Start-Up Tech Unleashed is more than just an event organization it is designed to truly help guide and nourish the entrepreneurial spirit. Educate the business owner to develop the idea and get it off the ground. 

Once launched, know how two expedite the business growth through mentoring and knowledge from business leaders. 

Keywords: [“business”,”event”,”idea”]
Source: https://startuptechunleashed.com

Apply to Nintendo Switch + Tech

Nintendo Switch + Tech, managed by Scrum Ventures, seeks to find technologies that could lead to new experiences on Nintendo Switch. We welcome applications for all types of technologies that could be leveraged by Nintendo as the company continues to innovate experiences for the Nintendo Switch, ranging from hardware to software. Opportunities are wide open for startup teams of all stages, research teams at universities, or technology teams from larger corporations worldwide. A selective group of chosen applicants will have the unique opportunity to talk with the engineers behind the Nintendo Switch and demo their technology. 

Keywords: [“Nintendo”,”technology”,”Switch”]
Source: https://www.f6s.com/switchplustech/apply

We asked 140 start-up founders about Toronto’s tech scene. Here’s what they said

We asked 140 start-up founders about Toronto’s tech scene. Toronto’s top entrepreneurs on start-up stereotypes, wild investor stories and who they admire most. In June, Toronto Life sent a questionnaire to dozens of start-up founders and tech company CEOs in the Toronto-Waterloo Corridor. We asked them what they love about working in the GTA, what tech buzzwords they hate and what they’d be doing if they couldn’t run their own business, among other burning questions. The best thing about running a start-up in Toronto is. 

The worst thing about running a start-up in Toronto is. 

Keywords: [“Toronto”,”start-up”,”tech”]
Source: https://torontolife.com/tech/tech-package-2017-startup-founder-survey

Tech Startup Papi

Velkommen hjem! Denne tidslinjen er stedet der du kommer til tilbringe mesteparten av tiden din. Her får du øyeblikkelige oppdateringer om det som er viktig for deg. Si mye med lite Når du ser en Tweet du liker, kan du trykke på hjertet for formidle dette til personen som skrev tweeten. Les det nyeste Få oversikt over hva folk snakker om akkurat nå. 

Få mer av det du elsker Følg flere kontoer for få oppdateringer om emner som interesserer seg. Gå aldri glipp av et øyeblikk Få med deg de mest interessante historiene mens de utspiller seg. 

Keywords: [“F”,”som”,”deg”]
Source: https://twitter.com/justjg_

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Tech Startup News, powered by Zaphne for 04-28-2018

CUE Business Solutions

Together with our Business Adviser, Paul Bennett, you’ll explore where you are with your business idea or fledgeling business and agree what support you need to move you forward. It could be through one of our accelerator programs in marketing, finance or business and development skills or our intensive 12-hour business Launchpad. New Programmes. LaunchPad.: 12 intensive hours that will test your business idea to the limits. Acceleration Programmes in: Marketing: the customer proposition, digital marketing strategies, and social media to get your business out there and noticed, launching an innovative brand and group mentoring. 

Business and Development Skills: starting your own business, pitching your business idea, General Data Protection Regulation, business planning using the 1-page lean canvas model, new product development and group mentoring. We’re flexible – you can, of course, design your own support programme, with the help of our Business Adviser. You’ll receive approximately 12 hours of support that will help you fire up and move on with your business idea. If your business has reached a maturity we will discuss further support you can access – whether it is brand development, support for developing a prototype or accessing a grant. Our Business Adviser contacts all potential clients to ensure you are in a position to benefit from our support. 

You must be a pre-start business that has a technology-based business idea and you live in Coventry or Warwickshire. Otherwise, you need to be a business newly registered in the past 12 months based in Coventry or Warwickshire. Spending an hour really digging into your business could be exactly what you need. 

Keywords: [“business”,”support”,”development”]
Source: https://www.cuebusinesssolutions.com/technology-start-up

10 Under-the-Radar Tech Startups to Watch

The tech startups gearing up to make waves in 2013 are far more than just predictable apps – they’re solving real problems and changing the way we interact with our daily technology, from hardware that authenticates smartphone transactions to digital billboards to Near Field Communication technology. To find out more, I asked a panel of successful young entrepreneurs to share which startups they’re keeping an eye on in the new year. SnowShoe is a startup located here in Madison, Wis. They recently developed the SnowShoe Stamp – a piece of hardware used to authenticate smartphone transactions. Lauren Friese, TalentEgg Inc. 

BetterCloud is the tech startup to watch in 2013. Most of us have been using Google for our personal email, chat, calendar, docs, voice and much more. Google’s business suite, Google Apps, is becoming the leader for company messaging and collaboration, and as companies adopt the suite and leave Microsoft behind, they need tools to manage, secure and train their users. In two quarters, our repeat business jumped from 35% of all customers to 52% – no single company has had more of an impact on our numbers than these guys. We all have files in Gmail, Box, Dropbox, our desktop and more. 

The more items that are tagged around you, the more you will be able to control your surroundings. This company is a little more than a year old, but they’re already killin’ it with 30,000+ customers. Jonathan Abrams, who previously founded or co-founded Friendster, HotLinks, Socializr and the Founders Den, is taking a new approach at social news with startup Nuzzel. With so much news in our social channels, Nuzzel helps prioritize. 

Keywords: [“more”,”startup”,”business”]
Source: https://mashable.com/2013/01/29/tech-startups-to-watch

Startup London

Connecting the community to build bigger and better startups. Pay it forward & help to build London’s startup community. Join us each month to share ideas, network and grow your business we London startup founders. Learn by doing in an intensive 54-hour startup grind, while connecting with the entire startup community. Startup London is an exciting addition to our community that will support entrepreneurs and social entrepreneurs in navigating the successes and challenges that come along with starting any new venture. 

Being part of the broader entrepreneurship movement across Canada will put London on the map and connect us to other startup communities. Integrating entrepreneurs of all types, whether profit-driven or socially focused, will allow for collaboration and innovation across fields, and will clearly illustrate the impact these entrepreneurs have on our community and economy. Startups are the embodiment of creativity and talent coming together to develop new innovations that move us forward as a city. They are also a way for this talent to remain connected to and a part of our communities in a time when retention is critical to London’s future. Connecting individuals, early stage companies, and more established startups will be a key component for London to develop into a hotbed of technical talent and success. 

Startup London has the focus and attention to turn the dreams of many into a reality on the ground. Supporting startups is a core piece of unLondon’s mandate and being able to connect with a national initiative was a key piece of our decision to support Startup London. 

Keywords: [“startup”,”London”,”community”]
Source: http://www.startuplondon.ca

StartupNorth

Hoist – Halifax Outreach Initiative for Startups and Technology Hoist is a new tech club for teens interested in coding, design or….Comment on Facebook. Being able to build traction, to build trust, to build satisfaction and happiness. Every release should build the relationship with your customers. Maintaining a vision will help you navigate the ups and downs that come with building a startup. There are a lot of other events happening in Toronto, if you need a break down of the events read How we raised a $2MM seed round in 2 weeks wp. 

Me/p4tFC-6tyn … See More.See Less.How we raised a $2MM seed round in 2 weeks. In May, we raised a $2MM seed round for Wealthsimple. It took us 2.5 weeks to raise from 15 amazing investors We Should Be Building Empires wp. There have been an increasing number of Canadian You are supposed to break the rules … 

See More.See Less.You are supposed to break the rules. Great entrepreneurs truly do not care about the rules. If you haven’t noticed, there are a lot of rules. Some come and go with the times, others never seem to go away: You are supposed to dress a c… One Post to Rule Them All wp. 

Keywords: [“build”,”Rule”,”startup”]
Source: http://www.startupnorth.ca

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Tech Startup News, powered by Zaphne for 04-27-2018

7 tax incentives for UK digital & technology startups

Having taken the risk and side-stepped the typical job route to become a tech entrepreneur and wealth-creator, its a good job that there are still some tempting UK tax incentives out there to support you. Entrepreneur’s Relief – if you hold 5% or more of the shares in your startup for 12 months and work as an officer / director or employee, then when you come to sell the shares your effective tax rate will be just 10% on the gain. Sure beats an income tax top rate of 45%! Make sure you take this into account when setting up your company to ensure founders maximise this essential tax relief. You’d be gutted if you unwittingly held just 4% of the shares! 

R&D tax credits – get rewarded by the tax man for innovating in your sector by claiming this lucrative tax relief. Many entrepreneurs mistakenly believe that this tax incentive relates solely to industries with scientists wearing white lab coats but this couldn’t be further from the truth. This relief applies across industries – I have enjoyed particular success in the tech sector, for example, I have secured a £250k tax refund for a tech startup that had been advised by its accountants that it wouldn’t qualify for this relief! Most repayments are processed by HMRC within 30 days of a claim and you only have 2 years to make a claim before you’re time-barred. Enterprise Investment Scheme – angel investors and private individuals are incentivised to invest in higher risk investments like early stage start-up companies with tax breaks like the Enterprise Investment Scheme. 

Now is not the time for the exact detail suffice to say that many tech or digital startups would fall within the qualifying criteria thereby allowing smart investors to reclaim 30% income tax relief subject to certain limits. Get paid at mouthwatering tax rates compared to most employees – once you get past the pre-revenue stage and start making profits, shareholders of small companies have the flexibility to structure their remuneration package to optimise take-home pay. Why pay up over 20%, 40% or even 45% income tax and incur huge National Insurance costs on employee salaries when you can pay yourself a combination of a small salary, dividends which, if carefully managed, can result in £nil income tax or NI for c£40k of remuneration. Get 100% tax relief on your new equipment – so you need to invest in new Macbooks, laptops, servers and other gadgets for your business. You can claim 100% tax writing down allowances against profits on your ‘first’ £200,000 of capital expenditure each year Patent innovation box – coming soon will be a ‘patent box’ which will allow income or profits on registered patents to attract lower company tax rates of c10% (as opposed to a current lowest corporation tax rate of 20%. 

If you’d like to discuss how any of these tax incentives could be applied in your business, please drop me a line via the contact page or you can find professional specialist advice and help at ip tax solutions. 

Keywords: [“tax”,”Relief”,”employee”]
Source: http://businessn2k.com/7-tax-incentives-for-uk-digital-technology-startups

How one Sydney start-up is connecting smart cities to citizens

In an era of smart cities – that are designed to be productive, accessible and liveable – driving down pothole-ridden streets should be an annoyance of the past. The concept of smart cities remains exactly that, an idea yet to materialise and a theory yet to transition into practice. A platform designed to allow citizens to report real-time issues, while proposing solutions to everyday city problems. Built on Amazon Web Services, the smart city application encourages communities to flag, share and discuss topics locally, allowing users to receive notifications to raise awareness and promote neighbourhood discussions. Driven by a desire to improve city conditions across Australia, starting with Sydney, the start-up is stripping back layers of technology to solve daily challenges for residents. 

For the smartphone wielding citizens of Sydney, OpenCity – which currently houses more than 2,000 users in Australia – is currently focusing on abandoned trollies, responding to user feedback via the cloud platform. Spinning off from Rüppells Griffon – a data analytics and geospatial solutions provider – OpenCity provides four core functions for application users. Firstly, the platform allows citizens to discover new issues, before capturing the problem through images, text or GPS to accurately depict the situation. Currently, the model is free of charge in a bid to encourage both councils and citizens to conduct healthy discussions around smart cities. Secondly, the start-up also dives deep into the technology stack, leveraging machine learning to ensure systems are smart enough to understand the images being received by users. 

In building an advanced application, Ouriques and the OpenCity team – backed by Rüppells Griffon expertise – is creating a solution that isn’t bound by borders or laws. With the business already live in Australia, and Brazil following a mid-2017 launch, OpenCity is now targeting the lucrative US market. 

Keywords: [“city”,”problem”,”OpenCity”]
Source: https://www.arnnet.com.au/article/637509/how-one-sydney-start-up…

Coding Autism: The Startup Empowering Autistic Adults in the Tech Industry

Opportunities for autistic adults to work in the tech industry are lacking. The reality is 90% of adults with autism in the US are unemployed. There has been a surge in tech companies seeking to hire people with autism due to a theory that typical autistic characteristics, such as attention to detail, affinity for repetitive tasks, and introversion, are all traits that lend themselves to becoming a successful employee within the tech industry. One company harnessing this theory and turning it into action is Coding Autism. The startup, founded this year, is empowering autistic adults through professional and social skills training, teaching people coding, web development, and software and engineering skills. 

Providing a range of services all centered around vocational, social and communication skills, Coding Autism is giving autistic adults, and students, the independence to turn STEM-related studies into careers. An estimated 500,000 autistic teenagers will be entering into adulthood in the next 10 years, which is why Coding Autism is aiming to inspire the next generation of neurodiverse STEM leaders. By keeping students engaged through high school and into vocational programs or universities, Coding Autism can help identify and develop STEM learning at a young age and prepare them for tech jobs. By 2019, Coding Autism’s mission is to reach 1,200 autistic youths and adults through STEM and Social Skills program online and in person. Coding bootcamps and immersive programs are not the only services Coding Autism provides. 

Coding Autism is changing the narrative surrounding Autism and Asperger’s. With an expected 1 million tech positions to be unfulfilled by 2020, Coding Autism is offering companies a pool of untapped talent to fill their computer science related roles. 

Keywords: [“autism”,”coder”,”autistic”]
Source: https://sociable.co/technology/coding-autism

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Tech Startup News, powered by Zaphne for 04-26-2018

This startup looks to take on Amazon Go tech

AiFi, a computer vision startup, has developed its own technology to enable in-store shopping without the need for physical checkout, much like the Amazon Go store, according to a press release. The technology has a great deal of potential because consumers are interested in using it, and it makes in-store shopping significantly more convenient, which could help brick-and-mortar stores better compete with e-commerce. The advantage that AiFi’s technology holds is that it can be added to existing stores that are significantly bigger than the Amazon Go store, Steve Gu, CEO of AiFi, told Business Insider Intelligence. The technology uses a network of cameras and sensors that can be introduced into various store types. This means that retailers other than Amazon, and ones that are bigger than 1,800 square feet, which is the size of the Amazon Go store, will have the opportunity to introduce such a shopping experience. 

Big-box retailers and grocers in particular would benefit from cashierless technology, as consumers often buy a number of products in one trip, creating a lengthy and inconvenient checkout process that scalable technology like AiFi’s could help eliminate. A number of competitors to Amazon Go are popping up, but they may face the same issues and delays that Amazon’s technology did. Amazon Go’s debut was delayed multiple times itself, and even though AiFi has tested its technology in-house, it’s possible that its plans to start a pilot with a New York grocer this year could face similar problems when facing public traffic. Another startup, Standard Cognition, has developed similar technology, as has JD.com, but until these technologies debut and succeed in the public eye, it’s hard to know which will present a true threat to Amazon Go. However, Amazon isn’t banking on the failure of others, and is already expanding Amazon Go to new locations to try to establish itself as the leader in cashierless technology. 

Amazon is reportedly looking to open new Amazon Go stores, and this quick expansion following its January introduction suggests that it may be trying to beat competitors to market. By opening more stores, Amazon can collect more data and improve its technology before others make a full entry into the market, helping it stay one step ahead of its competitors even after they open their stores. Provides an overview of the numerous applications of AI in retail, using case studies of how retailers are currently gaining an advantage using this technology. 

Keywords: [“technology”,”Amazon”,”store”]
Source: http://www.businessinsider.com/this-startup-looks-to-take-on-amazon-go-tech-2018-2

New York’s programming ed tech startup, General Assembly, sells to Adecco for $413 million – TechCrunch

The European human resources services company Adecco Group said that is acquiring the New York-based, programming, design, and management training startup General Assembly for $413 million. With the acquisition, Adecco adds to its ability to provide job training and re-skilling services for businesses. It’s proof that General Assembly’s own business has come a long way since its early days as a startup offering continuing education or training programs for new entrants into the tech-enabled white collar workforce. General Assembly was worth $440 million after its last, $70 million investment round, according to a report in Axios, which means that early stage investors will see a nice return on their investment while many later stage backers – including Wellington Management and Fresco Capital are looking at some pretty flat returns. It’s not an ignominious outcome for General Assembly, which brought in $100 million in 2017, but not the exit that many in the New York tech ecosystem had hoped for. 

Over time, General Assembly became less of a consumer facing business and transitioned into one that was serving primarily business clients – which means access to Adecco Group’s over 100,000 businesses is a big boon to the company’s continued expansion plans. The company will continue to operate as a separate division and will continue to be led by Jake Schwartz, General Assembly’s founder and chief executive. Schwartz will report to Sergio Picarelli on Adecco’s executive committee. Adecco has been on a mini-shopping spree lately for venture-backed human resources startups. Earlier this year, the company acquired Vettery in a $100 million deal. 

It’s clear that technology is radically transforming the human resources industry – with new startup companies offering matching, vetting, training, and retraining technologies for employers and job seekers alike. With these two acquisitions Adecco seems to be pulling the trigger on the starting gun for consolidation in the space. 

Keywords: [“Assembly”,”General”,”Adecco”]
Source: https://techcrunch.com/2018/04/15/new-yorks-programming-ed-tech-startup-general-assembly-sells-to-adecco-for-413-million/

Tour Tech Startup Redeam Turns to Industry Vets for Funding

Redeam, a travel startup based in Boulder, Colorado, strives to solve one of the travel industry’s least sexy problem. The company tells tourist sites, museums, and other attraction operators that it can help automate and digitize many of their manual processes currently done with paper and Excel spreadsheets. Some of Thayer’s early investments have included revenue management software provider Duetto, which in February raised an $80 million Series D; marketing analytics company Adara; and vacation rental management company Sonder. JetBlue Technology Ventures has also participated in the round, having previously invested in roughly a dozen travel-related companies, such as insurance arbitrage company Flyr, ground transport search business Mozio, and the service for booking hotel rooms by the hour, Recharge. The relatively young firm is based in Menlo Park, California, and primarily seeks early-stage investments in business-to-business technology companies. 

As a bellwether, the company’s funding suggests three trends. Investors have grown leery of investing in consumer-facing startups that one of the giant technology companies, such as Google, Facebook, or Priceline, might too easily replicate in-house instead of buy via an acquisition. As examples, the company’s technology touches all tickets sold by CitySightseeing/Gray Line New York, Ripley’s Believe It or Not, and the Metropolitan Museum of Art. On the downside, the company doesn’t yet have a partnership with TripAdvisor or its Viator brand. The company has done some market research and believes that the effective total cost of dealing with suppliers is somewhere about $5 per voucher, on average, when considering typical labor costs and hours involved. 

For now, Redeam certainly has the advantage of being the first company to have an appealing marketing message to suppliers eager to fix a painful problem. Not every company has to become the next PayPal to deliver value. 

Keywords: [“company”,”travel”,”Redeam”]
Source: https://skift.com/2018/03/05/notable-travel-industry-veterans-help-fund-tour-tech-startup-redeam/

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