Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Bad news for people who love absurd workout gadgets, hair-growing laser helmets, bizarre shape-altering underwear, gnomes, and generally wasting time on a long flight: SkyMall is dead. Katy Stech, bankruptcy reporter at The Wall Street Journal, tweeted this morning that the company behind the in-flight catalog has officially filed for bankruptcy. The SkyMall catalog filed…
On Sunday morning, Dec. 7, Michael Jeffries called some of the senior executives at Abercrombie & Fitch to discuss the holiday season. That was typical Jeffries. He was the creator and chief executive officer of the modern-day Abercrombie and had controlled virtually every aspect of the company for the past 22 years. He approved every piece of…
It’s a measure of how much the economic and cultural landscape has changed in eight years that Apple’s app developers earned as much last year as Hollywood took in from U.S. box offices — $10 billion. There’s more to Hollywood’s revenue stream than the U.S. box office, of course. But as Horace Dediu wrote Thursday,…
January 20, 2015, 7:02 AM EST E-mail Tweet Facebook Google Plus Linkedin Share icons Farm-to-table restaurant chain Dig Inn Seasonal Market has raised $15 million in its Series C round, bringing its total funding to $21.5 million since launching in 2011. The round was led by Wexford Capital, with other other participants including Monogram Capital…
Last year’s crashes of rockets operated by Virgin Galactic and Orbital Sciences came as a reminder of the risks inherent in commercial space ventures. But now a rush of new fundraising in the private space sector shows that investors are still prepared to back the start-ups behind the private space race if the potential reward is…
Begin: WordPress Article Content Everyone’s favorite food-disrupting nutritional slurry, Soylent, has just closed a $20 million funding round, led by existing investor Andreessen Horowitz. Another prior investor in its 2013 $1.5 million seed round, Lerer Ventures, also participated in the new financing, along with Index Ventures. Announcing the raise on his blog, a16z partner Chris Dixton noted Soylent is…
Trigger warning for sexual abuse, stalking, rape, domestic violence and large-scale attacks by hate groups. Last Thursday, I criticized the Linux community for continuing to support and center a leader with a years-long, documented history of unrepentant abusive behavior, someone who has actively and systematically nurtured a hostile, homogeneous technical community, and someone who has…
A bipartisan group of senators is looking for a fresh start for legislation to help out start-ups. On Friday, six lawmakers are introducing a bill that they hope will lend a hand to new small businesses. “As somebody who has spent longer in venture capital than I have in politics, getting a start-up is about…
Facebook report says the social network adds more than $200 million to the global economy. Photo: Reuters class:cT-imageLandscape/cT-imagePortrait SAN FRANCISCO: With 1.35 billion users of its Internet social network, Facebook Inc would rank as the world’s second-most populous nation if it were a country. While its users may populate only a virtual country, Facebook says…
Target to close all 133 Canadian stores; 17,600 employees will lose jobs Target says it will close its stores in Canada, a market that it entered only two years ago. Image: AP Photo/The Canadian Press, Ryan Remiorz/Associated Press By Anita Li2015-01-15 17:18:19 UTC TORONTO — Target is closing all of its stores in Canada, less…