The New York startup ecosystem will get a big boost from the $1.1 billion sale of Tumblr to Yahoo. The exit, one of the biggest New York has seen, shows that with content becoming important, New York is finding its footing on the startup stage..
Congrats to Rent the Runway and Spotify, two of the inaugural 'Disruptor 50'. Next year expect to see Storefront on the list.
It was only about three weeks ago when the team behind predictive intelligence app Sherpa announced a hefty seed round and that it was rolling the app out to private beta users. Now it seems they’re all ready for prime time… with a few changes.
Since there’s already a glut of mobile apps named Sherpa floating around out there, founder and CEO Bill Ferrell thought it was high time for a bit of rebranding — to that end Sherpa has been renamed Osito, and it’s ready for you to download in the iOS App Store.
Here’s a bit of background in case you haven’t been keeping tabs..
Diamonds may be a girl’s best friend, but so are designer heels, Chanel purses, and fine leather jackets, particularly when they are at a price she can afford.
The RealReal has raised $14 million to grow its luxury online resale marketplace, which it claims is “second only to eBay.” The startup’s team of professional stylists and fashion experts hand-select and authenticate pre-owned designer goods from brands like Chanel, Dior, Gucci, Hermes, Louis Vuitton, and Cartier. The goods are sold in 72 hour flash sales for prices at up to 90% off the original cost.
New Yorkers spreading the news about The Real Real (NY ABC News 7)
Congrats to Bill & team for entering private beta. Sherpa instantly makes your Iphone more valuable, using predictive intelligence & location to present information you need precisely when you need it.
The digital music service has added another 1 million subscribers since December, bringing its global total of paying customers to 6 million..
“The business is continuing to expand very quickly,” Rent the Runway co-founder and CEO Jennifer Hyman told WWD, where the news was first reported, indicating that the company would invest the new funding “in people, marketing and scaling our operation to make sure we are delivering incredible customer experiences.”
“Over the next year, we have plans to expand our showrooms,” she added, referring to real-world retail locations where consumers can try on outfits and get advice from Rent the Runway style advisors..
Hedge funds have amassed a record size of assets. If only their results were as impressive.
Article at WSJ
