Highlights from Facebook’s Libra Senate hearing

Facebook will only build its own Calibra cryptocurrency wallet into Messenger and WhatsApp, and will refuse to embed competing wallets, the head of Calibra David Marcus told the Senate Banking Committee today. While some, like Senator Brown, blustered that “Facebook is dangerous!,” others surfaced poignant questions about Libra’s risks. Calibra will be interoperable, so users […]

Bankrupt Maker Faire revives, reduced to Make Community

Maker Faire and Maker Media are getting a second chance after suddenly going bankrupt, but they’ll return in a weakened capacity. Sadly, their flagship crafting festivals remain in jeopardy, and it’s unclear how long the reformed company can survive. Maker Media suddenly laid off all 22 employees and shut down last month, as first reported […]

Reliance Jio partners with Facebook to launch literacy program for first time internet users in India

Mukesh Ambani, India’s richest man, has enabled tens of millions of people — if not more — to come online for the first time with his disruptive telecom network. He has changed how many Indians, once thrifty about each megabyte they spent browsing the internet, consume mobile data today. But many of these first-time internet […]

Calm raises $27M to McConaughey you to sleep

Meditation app unicorn Calm wants you to doze off to the dulcet tones of actor Matthew McConaughey’s southern drawl or writer Stephen Fry’s English accent. Calm’s Sleep Stories feature that launched last year is a hit, with more than 150 million listens from its 2 million paid subscribers and 50 million downloads. While lots of […]

The IPO’d learn investing at First Round’s Angel Track

Startups depend on the angel lifecycle. A few flush post-exit individuals put the first cash into a fresh venture. With some skill and plenty of luck, the early team grows the company into a big success. It sells or goes public and those team members earn a fortune. They then pay it forward by investing […]

How to scale a start-up in school

Julianna Keeling Contributor Julianna Keeling is the founder of Terravive (sustainable packaging company). Formerly Product at Juicero. If you’re serious about starting and scaling your business in school, treat your time in school like an extended incubator. While you may experience high levels of academic stress, your “real world” financial stress and transition to adulthood […]

Kano, the kids-focused coding and hardware startup, inks deal with Microsoft, launches $300 Kano PC

Kano, the London-based startup that builds hardware designed to teach younger people about computing and coding, is taking a significant step forward in its growth strategy today. The startup has inked a partnership with Microsoft that sees Kano launching the Kano PC, a new 11.6-inch touch-enabled, Intel Atom-powered computer, its first to run Windows — […]

Maker Faire halts operations and lays off all staff

Financial troubles have forced Maker Media, the company behind crafting publication MAKE: magazine as well as the science and art festival Maker Faire, to lay off its entire staff of 22 and pause all operations. TechCrunch was tipped off to Maker Media’s unfortunate situation which was then confirmed by the company’s founder and CEO Dale […]

Science publisher IEEE bans Huawei but says trade rules will have ‘minimal impact’ on members

The IEEE’s ban on Huawei following new trade restrictions in the United States has sent shock waves through the global academic circles. The organization responded saying the impact of the trade policy will have limited effects on its members, but it’s hard at this point to appease those who have long hailed it as an open […]

Which public US universities graduate the most funded founders?

Joanna Glasner Contributor More posts by this contributor Big revenues, huge valuations and major losses: charting the era of the unicorn IPO Some reassuring data for those worried unicorns are wrecking the Bay Area A lot of students attend public universities to lessen the financial burden of higher education. At last tally, tuition and fees […]