Roundup of news and ideas from the world of startups – Week ending 18th March 2018
News you can use
High Speed Trading and Artificial Intelligence – We are beginning to see the increased adoption of machine-enabled investment management techniques including high speed trading, stock picking and portfolio re-balancing. Many of these activities are performed by skilled humans, traders trained in mathematical and analytical techniques who follow the steps highlighted above starting from Data Gathering to the implementation of a course of action.
BlackBerry sues Facebook, WhatsApp, Instagram over patent infringement: What’s the big deal?
This week, Blackberry (NYSE: BB), the tech giant that ‘invented’ smartphones, filed a patent infringement lawsuit against Facebook, whatsapp and instagram in the Los Angeles federal court. Blackberry’s move highlights a number of significant issues with patents, including monetizing their ‘value,’ the investment in portfolio of patents, and their role in protecting investments in Research and Development.
Digital payments firm Wibmo acquires start-up Mypoolin – US-based digital payment company Wibmo Inc has bought Bengaluru-based payment solution provider Mypoolin in a cash and stock deal. The Wibmo-Mypoolin deal was valued above $1 million and all existing investors will get a combination of stock and cash
Startup shut and failed last week
DSW abandons and liquidates Ebuys – There are different reasons why startups succeed and fail. Many startups get acquired and begin to enhance the value of the acquiring firm. A couple of years ago, the footwear and accessories retailer DSW announced it was acquiring Ebuys for $62.5 million to enhance its eCommerce capabilities. On Tuesday, the retailer announced it was shuttering the Ebuys business.
Pet Care Startup Baroo Shuts Down – This week, Baroo, a Boston-based pet care startup, announced it was shutting down operations. Based in Boston, Baroo had over 100-person staff, including 100 part-time pet handlers who provide building residents with $20 dog walks, $70-a-night pet-sitting, and grooming services that run as high as $600. Founded in 2015, Baroo had raised $3.5 million in funding.