Entrepreneur.com calls Baltimore #2 hottest startup city that isn't San Francisco or New York
Entrepreneur has named Baltimore as one of the hottest startup cities in the U.S. Among other highlights noted by the business publication, is that Baltimore is "best for education." Entrepreneur makes the case that Baltimore is becoming an edtech hub, specifically naming Citelighter, which has created a cloud-based platform that helps students and teachers share and organize material via a browser plug-in...Read More -Chris Bing
DC startup Caviar is offering free food delivery this week
D.C.-based food delivery startup Caviar is doing a special free delivery service this week for all of its "local deals" restaurants in D.C. Any orders made through Caviar will only cost as much as the food (and whatever tip you want to give). The deal is a celebration of a year since Caviar teamed up with Square payment service. Caviar has since reached over 700 restaurants around the country, including several dozen in D.C. including Ben's Chil Bowl, El Centro and the Black Squirrel.
Uber's internal documents show some troubling financials
Uber may be worth $50 billion according to Wall Street, but internal documents published by Gawker show that the ride-hailing platform is far from profitable. The documents show Uber losing hundreds of millions of dollars over the last few years. On top of that, CEO Travis Kalanick may have been exaggerating about how much revenue growth the company has had as well. The question now is whether this will hurt Uber's valuation and its plans for an eventual IPO. Find out more from Gawker here.
Apple's juggling act this week
Apple has been having a hectic week already. Product rumors, dropping shares and a big cybersecurity warning are all liable to be giving CEO Tim Cook plenty of reason to look forward to the weekend. Check out what's going on with Apple, and whether the company really has anything to worry about, in Chris Bing's story here.
Tesla beats analyst expectations
Tesla came out with its earnings report Wednesday afternoon and beat expectations for both earnings and revenue. Tesla reported revenue of $1.2 billion, just slightly beating the $1.17 billion expected, while its losses came at 48 cents a share rather than the 60 cents per share loss predicted. Despite this, the stock dropped in after-hours trading. Check out the highlights of their second-quarter report in our story here.
How a DC startup is making military deployment a little less lonely
D.C.-based Sandboxx built an app for converting mobile content into letters to send to U.S. soldiers that are “off the grid.” The veteran-founded company is growing fast. Learn more about the origins and future plans for this startup working to make overseas deployment easier in Chris Bing's story here.
President Obama extols the push for diversity in tech
President Obama had all the right questions for the startups he hosted at the White House Demo Day on Tuesday. The Prez gushed about the prospects for tech startups in the U.S. right now and made the case for boosting the diversity of leadership among them. As part of that, dozens of major tech companies and VC firms have promised to push for diversity in their ranks by pledging that women and minorities will be interviewed for executive positions. Check out our full look at the event here.
