starbucks
AI services startup Hypergiant brings on Bill Nye as an advisor
Hypergiant, a startup launched last year to address the execution gap in bringing applied AI and machine learning technologies to bear for large companies, has signed on a high-profile new…
Indonesia’s Kopi Kenangan raises a sweet $20M to expand its coffee business
Kopi Kenangan, a startup that wants to make quality, fresh coffee affordable to Indonesian consumers, has raised $20 million as it begins to consider overseas expansion in Southeast Asia. The…
As payment and surveillance technologies collide, free speech could be a victim
Anyone who has traveled to Hong Kong knows how ubiquitous the Octopus Card is. Distributed by a company which is majority owned by the Hong Kong government, the cards are…
Featured Article
‘This is Your Life in Silicon Valley’: Philz Coffee CEO Jacob Jaber on tech culture and Blue Bottle
Welcome to this week’s transcribed edition of This is Your Life in Silicon Valley. We’re running an experiment for Extra Crunch members that puts This is Your Life in Silicon Valley in words – so you can read from wherever you are. This is your Life in Silicon Valley was originally started by Sunil Rajaraman and Jascha…
Should your company move into a co-working space, sublease space or traditional office?
It’s a cautionary tale we hear far too often: Company A, hiring staff and growing rapidly, finalized a 10-year lease for office space. One week after move-in they had filled…
In this week’s newsletter: CrowdStrike readies its IPO, Brex eyes a $2B valuation and SoFi lands a whopping $500M.
Allbirds, Everlane investor Maveron turned away more than $70M for its latest fund
Maveron, a venture capital fund co-founded by Starbucks mastermind Howard Schultz, has closed on another $180 million to invest in early-stage consumer startups. The capital represents the firm’s seventh fundraise…
In this week’s newsletter: Y Combinator has a new president, DoorDash raises $600M and startups go on acquisition sprees.
Starbucks plans to double its store count in China to 5,000 in 2021 and Luckin, a one-year-old coffee startup, is matching up by aiming to reach 4,500 by the end…
Shares of Luckin Coffee jumped 20% in its first day of trading on the Nasdaq stock market. After opening at $17.00, shares of the Chinese Starbucks competitor climbed as high…
Another week, another cash-burning tech IPO in the U.S. Following on from Uber’s high-profile listing, ambitious Chinese startup Luckin Coffee has raised up to $650.8 million on the Nasdaq after…
Reality Check: The marvel of computer vision technology in today’s camera-based AR systems
Augmented reality has the potential to instill awe and wonder in us just as magic would. For the very first time in the history of computing, we now have the…
Luckin Coffee, the ambitious Chinese upstart that’s going after Starbucks, could raise nearly $600 million from its upcoming IPO. That’s according to a price range released by the Chinese startup.…
Most of the strategy discussions and news coverage in the media and entertainment industry is concerned with the unfolding corporate mega-mergers and the political implications of social media platforms. These…
Startups Weekly: Will the Seattle tech scene ever reach its full potential?
In this week’s newsletter: WeWork files confidentially for IPO, Lyft loses scooter head and Magic Leap raises MORE money.
Starbucks CEO says Chinese rival Luckin’s ‘heavy discount’ strategy isn’t sustainable
A war of words in the coffee world is brewing after the CEO of Starbucks claimed Chinese upstart Luckin can’t last just days after it filed for a U.S IPO.…
Starbucks challenger Luckin’s fundraising spree continues with $150M investment
Coffee startup Luckin is continuing its fundraising spree as it sets its sights on becoming an alternative to Starbucks in China. The year-and-a-half-old company announced on Thursday that it closed…
WTF are ISAs and can they transform education and spark a startup wave?
Soaring college tuition prices have left Americans drowning in debt without a correspondingly enhanced set of professional skills to show for it. In the past 11 years, US student debt…
Starbucks will anchor the new $400 million food-focused Valor Siren Ventures fund
Starbucks is serving up a steaming hot $100 million cash commitment to anchor a new food-focused fund in partnership with the consumer and tech-focused focused private equity firm Valor Equity…
First China, now Starbucks gets an ambitious VC-funded rival in Indonesia
Asia’s venture capital-backed startups are gunning for Starbucks. In China, the U.S. coffee giant is being pushed by Luckin Coffee, a $2.2 billion challenger surfing China’s on-demand wave, and on…
WeWork could challenge Starbucks in China with new on-demand service
The rise of Starbucks in China, like that in the west, is closely linked to its function as a “third space” for people to hang out between home and work.…
Starbucks expands its delivery service to 6 more US cities, starting with San Francisco
Starbucks on Monday announced an expansion of its delivery service in partnership with Uber Eats, which is now headed to six other major U.S. cities, starting with San Francisco this…
Veteran Googler heads to Lyft to lead team of 1,000-plus engineers
Eisar Lipkovitz, a veteran Google executive who most recently led the video and display advertising team there, is leaving the company to head up engineering efforts at Lyft. As executive…
Money is no object: China’s Luckin sets sights on rivaling Starbucks
A one-year-old Chinese startup called Luckin is busy waging war against Starbucks as the new year unfolds. At an event on Thursday, Luckin announced that it aims to be the…
Venture capitalists remain bullish on Bitcoin and its underlying technology despite sinking crypto prices.
Alibaba just gave Chinese youth another reason to never leave their desk
People in China have a host of reasons not to go outdoors these days. They may be too busy to leave their office, wary of air pollution or have chosen…
Starbucks adding delivery services to more than 2,000 stores via Uber Eats
Starbucks is expanding its partnership with Uber Eats to more than 2,000 stores in the United States next year, about a quarter of all of the company’s locations in the…
Starbucks challenger Luckin snags $200M investment on $2.2B valuation
Luckin, a startup that vows to topple Starbucks’ dominance in China, announced on Wednesday that it’s lifted its valuation to $2.2 billion after raising $200 million in a Series B…
Shujinko brings in $2.8M for its cloud security compliance platform
Shujinko is emerging from stealth today with $2.8 million in seed funding from Unusual Ventures, Defy, Vulcan Capital, PSL Ventures and Vas Ventures.
On-demand trucking app Convoy raises $185M at $1B valuation
CapitalG, the growth equity arm of Alphabet, has led the $185 million round in Convoy, its first investment in the Seattle-based, tech-enabled trucking network. The round brings Convoy’s total raised…
