Odds and Ends 

In venture capital, its still the age of the unicorn

Howie Xu At the time, the piece defined a new breed of startup — the $1 billion privately held company. When Lee did her first count, there were 39 “unicorns”; an improbable, but not impossible number.. Today, the once-scarce unicorn has become a global herd with 376 companies on the roster and counting. But the proliferation of unicorns begs raises certain questions. Is this new breed of unicorn artificially created? Could these magical companies see their valuations slip and fall out of the herd? Does this indicate an irrational exuberance…

Read More
Odds and Ends 

Data.world raises $12M to help Fortune 500 companies close the great data divide

Airbnb, Uber, Lyft, Warby Parker and a long list of other startups of the 21st century have appointed C-level employees to roles focused exclusively on data science. These digital-age companies have established “data cultures,” which provide employees broad access to high-quality data, advocate for data literacy and have data-driven decision-making processes, according to Carl Anderson, who previously led data analytics and data science at Warby Parker and WeWork. Fortune 500 companies are still a long way from this ideal. Data.world, a sort of social networking site for data projects and teams,…

Read More
Odds and Ends 

In its push to compete in Southeast Asia, WeWork is pouring $500 million into the region

Less than two weeks ago, WeWork took the wraps off a new massive round of funding $500 million from the Chinese private equity firm Hony Capital, the Japanese internet giant SoftBank, Greenland Holdings, and China Oceanwide. Now, the company is announcing that its pouring that exact amount $500 million into expanding into Southeast Asia and Korea. As part of that effort, it has also spent an undisclosed amount to acquire a 1.5-year-old, Singapore-based co-working company Spacemob. Spacemobs founder and CEO, Turochas Fuad will become managing director of Southeast Asia for…

Read More
Odds and Ends 

WeWork has acquired venture-backed Fieldlens

WeWork, the seven-year-old, New York-based co-working juggernaut that more recently entered into the business of co-living, has been making a series of small acquisitions with some of the $1.8 billion that it has officially gathered from investors. Its latest acquisition: Fieldlens, a 5.5-year-old mobile communication system for the construction industry that aims to replace calls, texts, emails and all the other back and forth thats typically sent between building owners, contractors, subcontractors, architects and everyone else involved in a construction project. WeWork was already one of Fieldlens biggest customers and,…

Read More