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Tech Cocktail


Chicago’s AvantCredit Raises $75M Series C for Online Consumer Lending

avantcredit

The Chicago-based financial tech startup AvantCredit announced the closing of a $75 million round of Series C financing led by Tiger Global Management. In addition, the company has announced a $200 million credit facility led by Victory Park Capital. AvantCredit has grown rapidly since its launch at the end of 2012. The startup has revolutionized the online… Read more »


Macy’s Announces It Will Bring Fashion Incubator to Miami

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Macy’s, the American chain of department stores, announced today that it will bring its fashion incubator to Miami as an effort to foster talent in the city. The announcement was made by Edward Jay Goldberg, the Vice President of Government & Consumer Affairs for Macy’s during the annual Beacon Council One Community One Goal Meeting. Goldberg went… Read more »


4 Reasons You Should Brave the Cold and Startup in Fargo

fargo startup scene

This is part of our series on startup scenes working with UP Global community leaders around the world. See the whole series here. If you think nothing goes on in Fargo, North Dakota, think again: organizers are expecting over 800 people for TEDxFargo: On Purpose tomorrow, followed by TEDxYouth@Fargo on Friday. As organizer Greg Tehven… Read more »


The Thinnest, Long-Lasting Batteries You’ll Ever See

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California-based startup, Imprint Energy, is developing flexible, rechargeable batteries that can be printed on commonly used industrial screen printers. The startup has been testing ultra thin zinc-polymer batteries in wrist-worn devices. The startup’s idea is to make these thin batteries safe for on-body applications which would be otherwise impossible with bulkier lithium-based batteries. The idea is to sell the… Read more »


Starbucks New Charging Stations: Pros, Cons and Speculation

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Wireless charging is coming to Starbucks, starting with its San Francisco Bay Area stores. The coffee giant’s partnership with Duracell Powermat should cut down on brawls between latte swillers eyeing the same wall outlet. Starbucks plans to expand Powermat wireless charging over 2015, until it’s eventually available in every Starbucks and Teavana store. We salute… Read more »



Is Google Glass Becoming Normal?

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Well, the only thing that comes to mind (apart from weird) when we talk about Google Glass is technological advancement. When the news about this wearable computer hit the market, it had become quite obvious that Google was attempting to bring the future one step too close to the people. However, the big question here is whether… Read more »


Zappos Releases an Updated iPhone App

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It seems that iOS users get all the good upgrades first: Zappos has just announced the release of an updated iPhone app that features a new credit card scan feature. The crux of the new feature is that users can skip entering their credit card number when it comes to checking out on their cramped, 4.5… Read more »


South Florida Ramps Up Efforts to Teach Kids How to Code

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Miami’s entrepreneurial community recognizes the value that coding creates to individuals by creating more opportunities professionally. This summer a wave of summer coding programs became accessible for young people of all ages. These organizations aim at helping young people build the skills required to learn how to code. Coding camps are unique because it allows kids to create projects… Read more »


Propser Accelerator to Focus Solely on Women-Led Startups

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The St. Louis Business Journal today reported on a new accelerator opening in the Gateway city. Prosper is launching a startup accelerator that will funnel $600,000 annually into St. Louis area companies. That in and of itself doesn’t make them ground breaking. What does, however, is that Prosper will be focusing solely on funding women-led… Read more »


Being Intelligent Isn’t Going to Save Your Startup

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While a strong case can be made that the upper echelons of society many times over are led by those with the intellectual capacity to invent new technologies, uncover the universe’s deepest secrets, and make decisions on behalf of the world’s micro-societies, the notion that intelligence alone is the defining cause of such domination - isolated from… Read more »


ParkWhiz Raises $10M Series B for Prepaid Parking Service

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ParkWhiz announced this morning that it has closed a $10 million Series B round of funding for its prepaid parking service. The round was led by Jump Capital. Other participants include current investors Hyde Park Venture Partners, Alexis Ohanian, Amreesh Modi, Henry Feinberg, and Hyde Park Angels. Founded in 2006, ParkWhiz offers consumers a way… Read more »


The New Yorker Offers “Summer-Long Free-For-All” Online

the new yorker free

On a note to readers today, The New Yorker announced that non-subscribers will have free access to everything published in both the print and online versions. This means free access not only to new content published, but also a selection of past content based on the demand of readers. For avid readers and The New Yorker‘s… Read more »


5 BS Myths About Starting A Startup Debunked

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Having “your first” comes with plenty of unsolicited advice and a little side eye. For instance, during my first startup, my mom gave me more than side-eye. I got full-on stink eye! “YOU ARE GOING TO LEAVE YOUR GOOD PAYING JOB AND DO A STARTUP?” Kind of like having kids or getting married, suddenly people… Read more »