CoInvent Newsletter (05/31/15)

This is a weekly digest about tech/venture news and startup events you should bookmark. Subscribe for free @ Subscribe to any of the following lists for region-specific event alerts: New York, San Francisco, Los Angeles. For previous newsletter archive, visit

We’ve changed our weekly newsletter delivery time to Sunday evening starting today. Monday morning isn’t ideal since it’s either too late on the East Coast or too early on the West Coast. Our staff are hard at work at CoInvent these few months to introduce a new project to this community. You should expect to hear more about it in the next week or two. Stay tuned! Congrats to #Sell for winning the social demo hours event hosted at SF Vault last week. I had a hard time believing that was a real company while talking to the #Sell founder last Thursday. They are reinventing online classifieds. The prize is worth almost $3,000. Check out what they do @ Thanks to Vault for co-hosting the event, one of the most creative communities that I’ve ever seen! A rising tide raises all boats. There is so much going on in the booming tech market these days that it has positively affected the commercial real estate market as well. Just last week, Uber unveiled the design concept for its new, 420,000 square-foot San Francisco headquarter. The two-building corporate campus is scheduled to open up in a few years, according to TechCrunch. According to Biz Journals, Google submitted early plans for a 595,000-square-feet building on 18.6 acres it controls in Mountain View last week to build at least one futuristic, glass-domed office project. Bloomberg recently also did a story on the rising commercial real estate market especially in the Bay Area and how tech companies are all engaged in land grabbing additional office spaces now. Go GSW! Quick reminder for the two upcoming demo events in LA and NY. Submit your applications here. Tickets available here (NY) and here (LA). We will announce demo startups this coming week. Industry News Recode Acquired by Vox Media Recode announced last week that it has been acquired by Vox Media. It’s said that this is an all-stock deal. Financial terms are not disclosed. There has been no dull moments in the media industry lately. The most recent news prior to this one is the AOL/Verizon deal, which we had discussed here before. Now there has been chatters that Comcast, investor in Vox Media and Recode, could end up buying them both. Vox Media Adds ReCode to Its Stable of Websites — Link The Verge and Recode are joining forces — Link The Vox Media-Re/code deal, explained by Vox Media’s CEO — Link A Note to Our Readers (Video) — Link Comcast, investor in Vox Media and Recode, could end up buying them both — Link Apple’s Chief Design Officer Apple has become the center of the headlines again. The company just created its first ever “Chief Design Officer” role for Jony Ive last week. Besides, the Apple car rumor has become more and more real these days. What would an iCar look like anyway? Jony Ive promoted to ‘Chief Design Officer,’ handing off managerial duties July 1st [Tim Cook Memo] — Link When Stephen Fry met Jony Ive: the self-confessed tech geek talks to Apple’s newly promoted chief design officer — Link On Jony Ive’s Promotion to Chief Design Officer — Link Newsworthy Meet the tech CEO who’s offering free college tuition to his employees’ children — link Report: Journalists are largest, most active verified group on Twitter — link BuzzFeed’s news is growing, but still a small part of its traffic — link Breaking silence, Richard Fuld speaks on Love, Putin and ‘Rocky’ — link It’s official: Charter to acquire Time Warner Cable in deal valued at $78.7 billion — link Dell Ventures and Intel Capital invest $45 million in DocuSign — link Twitter has held talks to acquire Flipboard — link Yahoo must face email spying class action: U.S. judge — link Introducing audience insights — link Gmail now has 900M active users, 75% on mobile — link Amazon launches free same-day delivery for prime members in 500 U.S. cities, including Seattle — link Avago agrees to buy broadcom for $37 billion — link F.C.C. Chief seeks broadband plan to aid the poor — link Amazon plans to add its own line of food — link HBO now is coming to android and chromecast this summer — link Morgan Stanley backs ad tech startup GumGum in prep for IPO — link Path got acquired by DaumKakao — link Everything google announced at Google I/O 2015 in one handy list — link Beepi Is raising a ‘Monster Round’ to expand the used-car marketplace — link The founder of the Silk Road drug marketplace has been sentenced to life in prison without parole — link Exclusive: Jess Verrilli leaving Twitter for Google Ventures — link Google Sells 17 million chromecast devices, clocks 1.5 billion casts — link Snapchat raises another $500 million from investors — link IRS says thieves stole tax Info from 100,000 — link Google, Yahoo have had talks to buy Flipboard — link Top Ten Venture Deals (Past 7 Days) 1. Snapchat, a California-based photo messaging app, has raised $537 million in a Series F funding from Glade Brook Capital Partners and New York-based York Capital Management. 2. Baihe, a Beijing-based online dating service provider, has raised $241 million in a Series D of funding from undisclosed investors. 3. Didi Kuaidi, the largest taxi-hailing startup in China, has raised $142 million led by Weibo, the Chinese microblogging platform. 4. Virgin Pulse, a Massachusetts-based workplace well-being company, has raised $92 million in Series B funding. The round was led by Insight Venture Partners, and was joined by existing investor Virgin Group. 5. Trustpilot, a Copenhagen-based leading review community for global online shoppers, has raised $73.5 million in a Series D round of funding led by Vitruvian Partners, with participation from existing investors DFJ Esprit, Index Ventures, Northzone and Seed Capital Denmark. 6. Tegile, a Newark-based leading provider of flash-driven storage arrays , has raised $70 million in a Series D round from new investors Capricorn Investment Group, Cross Creek Advisors and Pine River Capital Management. Existing investors — August Capital, Meritech Capital Partners, Western Digital and SanDisk — also participated in the round. 7. DocuSign, a San Francisco-based electronic signature company, has raised $45 million in a Series F round from Dell Ventures and Intel Capital. 8. Rubrik, a palo Alto-based startup with a hybrid cloud and on-premises backup offering, has raised $41 million in Series B funding led by Greylock Partners. 9. GumGum, a Santa Monica-based leading in-image and in-screen ad platform, has raised $26 million in Series C funding led by Morgan Stanley Expansion Capital, with participation from New Enterprise Associates, Upfront Ventures and First Round Capital. 10. Jobandtalent, a Madrid-based leading job matching platform, has raised $25 million in a Series A round led by Pelayo Cortina Koplowitz, along with Qualitas Equity Partners, Kibo Ventures, Fundacion Jose Manuel Entrecanales, and Nicolas Luca de Tena. New Funds London’s Passion Capital Raises $69M For Its Second Early Stage Fund — link Zodius Capital raises Rs $110 million for investments in internet, technology companies — link Airware And DJI/Accel Launch Drone Investment Funds — link ‘Big Bang Theory’ Stars Launch Scholarship Fund — link Events Calendar 1. [Ignited Spaces, Los Angeles] June 11th — CoInvent LA Social Demo Hours, Co-hosted with Ignited Spaces Demo startups will be announced soon. Drinks and refreshments are made possible with no extra charge by Ignited Spaces and CoInvent. Dress code is business casual. Apply @ RSVP @ 2. [Anchin, New York] June 25th — CoInvent NY Startup Demo Night, Co-hosted with Anchin This is CoInvent’s annual demo night event in NY. Apply to pitch your startups @ Food and drinks are included with admission. Get tickets @ 3. [Suite 36, New York] September 3rd — CoInvent NY Startup Happy Hour @ Suite 36 A private event for founders, entrepreneurs, investors, and startup professionals. RSVP’s required. Attend for free @ Recommended Readings

-Andrew @CoInventNetwork