Enjoius raises $1.4 million to bring its party planning services to you

Just in time for the holiday season, a group of prominent Los Angeles entertainment and technology executives have come together to back the new startup, Enjoius, which aims to make it easier for hosts to plan their perfect party. Committing to the $1.4 million round of funding were Nancy Tellem, the … More…

Do VC woes extend to portfolio companies? For Rothenberg, probably not

Joanna Glasner Contributor A couple of acquisitions involved companies that had already stopped offering their services. Generally speaking, if an early-stage company that is not known to be in distress gets acquired, backers make money. This seems to be the pattern for most of the Rothenberg portfolio company acquisitions to … More…

Macys credit card processors stop working on Black Friday

It’s one of the biggest shopping days of the year, but retail giant Macy’s can’t get its credit card processors to work. Customers have been waiting in lines across the United States to buy discounted items, only to find out that the machines won’t take credit cards or gift cards. … More…

Alibaba invests $2.9B in hypermarket operator Sun Art to continue its offline retail push

Alibaba is continuing its expansion into offline retail after the Chinese e-commerce giant bought up more than one-third of one of Chinese most prolific operators of hypermarket stores. The firm announced today it has spent HK$22.4 billion (around US$2.88 billion) to acquire of 36.16 percent in Sun Art Retail Group, a Hong Kong-listed … More…

Canadian grocery chain orders 25 Tesla electric Semi trucks

Tesla’s Semi is off to a promising start, despite there being no official pricing information available yet: In addition to a Walmart pilot, Canadian grocery giant Loblaw is purchasing 25 of the heavy duty all-electric transport trucks (via Canadian Press), with a $5,000 deposit for each upfront even though pricing … More…

Startup studios go Hollywood as CAA launches Creative Labs

The ties that bind the tech industry and Hollywood continue to get tighter as the Creative Artists Agency launches a startup studio to develop new businesses with — and for — its roster of clients. Continuing a tradition that began with the incubation and launch of Funny or Die (alongside … More…

Unboxing Stitchfixs S-1

Ezra Galston Contributor Stitch Fix’s numbers – especially for FY 2016 (and presumably prior) – are so far outside the normal distribution, that they look more like the growth of a viral social app than a commerce company. My personal guess is that Stitch Fix, with its differentiated & innovative … More…

Build your own token sale with CoinLaunchs CoinCreator

Building a token sale is at once quite simple — you build a token and sell it — and quite complex. A number of issues crop up immediately, including, but not limited to, the need for an expensive team of lawyers, marketers, social media experts and, until now, an expensive … More…

Petuum secures $93M Series B to push AI into the mainstream

With a shortage of machine learning developers bearing down on the industry, startups and big tech companies alike are moving to democratize the tools necessary to commercialize artificial intelligence. The latest startup, Petuum, is announcing a $93 million Series B this morning from Softbank and Advantech Capital. Founded last year by Dr. Eric … More…

Where human intelligence outperforms AI

David Kline Contributor David Kline is a journalist, author and intellectual property strategist. More posts by this contributor: A new (old) way for product makers to defeat patent roadblocks With every new trend comes a counter-trend. And so despite the current excitement over the wonders of artificial intelligence, one company is … More…

Activehours raises $39 million for its new take on cash advances

Nine months after raising $22 million for its unique take on the cash-advance business, Activehours has gone back to the venture capital well and pulled out another $39 million in financing. Led by Andreessen Horowitz, with participation from the company’s early-stage investors Matrix Partners, Ribbit Capital, and March Capital Partners, … More…

Iflix raises $133M for its Netflix-style service for emerging markets

Iflix, an Asia-based startup providing Netflix-like streaming services in emerging markets, has landed $133 million in fresh funding to accelerate its business. The investment was led by U.S. media conglomerate Hearst, which counts BuzzFeed, Vice and Roku among its investment portfolio. The group was joined by anothernew backerEDBI the corporate … More…