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Tech Cocktail

Brazil’s Easy Taxi Raises $40M to Continue Global Expansion

easytaxi

Global startup Easy Taxi raised US$40 million in Series D funding led by the Russian Phenomen Ventures with the participation of German Tengelmann Ventures. Backed by Rocket Internet, the Brazilian taxi hailing app startup has expanded its services in Latin America, Africa, the Middle East, and Asia. In the last year alone, Easy Taxi has added 150,000 drivers to their network and completed rides in… Read more »



Net Neutrality: Bad for Consumers, Deadly for Startups

netneutrality

Net neutrality is a hot-button topic, and for good reason. The Federal Communications Commission and the U.S. Supreme Court are rapidly pushing us toward a future eerily similar to the highly controlled media world of “The Hunger Games” by not supporting net neutrality. The collapse of Internet equality makes it all but impossible for entrepreneurs… Read more »


GE, Local Motors Launch FirstBuild Micro-Factory in Louisville

LocalMotors

General Electric, Local Motors and University of Louisville have joined forces to open the FirstBuild Micro-factory. The micro-factory will be a place for “online and local community members to design products and help solve engineering challenges that will fast-track community driven innovation to market.” The opening of the FirstBuild Micro-Factory follows the announcement that GE partnered with Local… Read more »



Zvi Band: The Key to Successful Networking is Practice and Effort

TCSessions_ZviBand

During Frank Gruber’s recent Startup Mixology stop in Washington D.C. at the Crystal Tech Fund, he sat down with a panel of guests to talk about different facets of starting up, launching new products, and leveraging networks for success. When Zvi Band, CEO of Contactually, took the mic, he made an interesting point: it’s obviously all… Read more »


NYC is a Step Closer to Turning Payphones Into Free Wi-Fi Hotspots

nyc-wifi

Earlier this week, bids were due to the City of New York for a city planning initiative that would turn 10,000 of NYC’s old payphones into free wireless Internet kiosks. According to the GigaOm, 60 companies participated in the NYC Department of Information Technology and Telecommunications (DoITT) planning meeting that happened in May. Google, Cisco Systems,… Read more »


Fired from His Startup, Marc Barros Turned to Blogging

Marc Barros fired

Editor’s note: This article was originally published on Hunter Walk’s blog, reposted with permission.  I first “met” entrepreneur Marc Barros via his blog One Entrepreneur’s Perspective, which contained a solid string of posts analyzing why GoPro succeeded while his action camera startup Contour struggled. As we got to know each other IRL, I was excited to hear about his… Read more »



Kaplan and Techstars Announce the 2014 Kaplan EdTech Accelerator Class

Kaplan

It was today announced that 12 education-technology startups have been officially selected to participate in the Kaplan EdTech Accelerator in New York City. Kaplan, the global education company and largest subsidiary of the Graham Holdings Company, is partnering with Techstars to power the three month immersive mentorship and business development program. The common thread that… Read more »


EveryoneOn Partners with Sprint to Bring Internet to 50,000 Students

ConnectED

EveryoneOn, a nonprofit devoted to closing the digital divide, is working with Sprint to provide low-income students across the country with affordable home broadband. The D.C.-based organization is working with the telecommunication company to implement their commitment of providing high-speed wireless broadband service for up to 50,000 students at schools across the country starting this… Read more »


Why Some Cab Drivers Are Supporting Uber and Lyft in Miami

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Last week, Miami-Dade commissioners gave the initial approval to allow ride-for-hire companies like Uber and Lyft to operate in Miami. This is a positive step towards finding a solution to the ongoing battle between public demand for transport alternatives to the yellow cab and vested private interests. However, the proposal is likely to face stiff resistance when it comes up… Read more »


Restaurants and Grocers Now Have Easier Access to Locally-Grown Food

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Everyone (or, at least, most people) wants local food – there’s no denying that. From our local grocery stores and Trader Joe’s, to farmers markets and even our very own gardens, we consumers have grown to associate “local” with freshness, health, sustainability, and community support. Direct Local Food, a Boise-based startup, is helping to increase access… Read more »



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 »