PE HUB NETWORK | BeBop Sensors Inc said April 18 that it raised more than $10 million in a Series A round led by Bullpen Capital. BeBop, of Berkeley, California, provides smart fabric sensors.
ANDROID HEADLINES | Spotify should become its own record label according to one industry expert. The world’s biggest streaming service recently announced plans for its own initial public offering but after confirming a huge loss of $1.5 billion in 2017, a number of investors appear to be pretty reluctant when it comes to investing in the company.
DIGITAL TRENDS | Despite having more than 70 million subscribers and at least 140 million active users, Spotify isn’t profitable. During its IPO, the streaming service said it generated $4.99 billion in revenue in 2017, but still posted a loss of $1.5 billion.
MARKETS INSIDER | Spotify's direct public offering confirmed potential Spotify investors' biggest fear — that music rights and licensing fees were a huge cost of doing business. But one industry expert believes there’s one way for Spotify to break out of the music industry's chain: become a music label themselves.
ENTREPRENEUR | The inventor and author Ray Kurzweil likes to say that the next 100 years will resemble 20,000 years of progress if we continue to innovate at our current rate. I think rather that next 15 years will feel like walking into the future -- the way it must have felt at the turn of the 20th century.
TechCrunch | Who needs Amazon when you can make your own online distribution channel? At least, that’s the idea behind Grove Collaborative, a natural home care products company that ships natural cleaning brands like Method and Mrs. Meyer’s.
Enhanced Online News | HomeLight’s agent performance data now available in Yelp’s Home Services category, empowering users to make more informed decisions about the best real estate agents for their needs.
Software Engineering Daily | In 2003, Paul Martino co-founded Tribe.net, one of the earliest social networking sites. Tribe had significant traction, with hundreds of thousands of users. In the early 2000s, hundreds of thousands of users was enough traffic to pose a company with engineering challenges. Paul had studied computer science, and was able to use his knowledge of high-performance computing to write an efficient graph database, and solve the other technical puzzles that the company faced–but the business did not ultimately work out.
The Drum | With the upcoming Dmexco and Ad WeekNew York trade shows on the horizon, the words 'Artificial Intelligence', or 'AI', are likely to be ringing in the ears of attendees. The Drum probes experts on how to tell who actually knows what they're talking about, and who is just using another buzzword.
TechCrunch | We get a lot of weed-related pitches at TechCrunch, but most of them don’t come with the pedigree of Herb‘s investors. Herb is announcing today that it has raised $4.1 million in seed funding led by Lerer Hippeau Ventures, with participation from Slow Ventures, Buddy Media co-founder Michael Lazerow, Bullpen Capital, Shiva Rajarama, Liquid 2 Ventures (the firm led by football legend Joe Montana), Shopify CEO Tobi Lutke, Shopify COO Harley Finkelstein and Adam Zeplain.
Mobile Marketer | The Major League Baseball Players Association, the collective bargaining representative for players in the league, granted a license to sweepstakes app Lucktastic to create free scratch cards that feature star baseball players. MLBPA Fun Packs will be released each week for the remainder of the 2017 season, according to a release made available to Mobile Marketer.