OrderUp deal fetched $69M from Groupon
Groupon paid $69 million in cash to acquire OrderUp, a Baltimore food delivery startup whose backers included Revolution Ventures, in July, according to a Groupon SEC filing. The deal could include another $20 million "subject to the achievement of specified financial metrics and other conditions," the filing says. Revolution Ventures had led a $7 million Series A for OrderUp in August 2014. — Kyle Alspach
The US CTO thinks tech startups should look to disrupt government
U.S. CTO Megan Smith thinks the government could use some disruption, tech startup style. She shared her thoughts on why tech entrepreneurs should take a tour working for the government while hanging out with data analytics startup Zoomdata in Reston for Startup Day Across America Wednesday morning. Find out why she thinks startups should be involved in governing and how so many women are the unsung heroes of the computer revolution our report here.
A fast-growing DC IoT startup
D.C.-based Internet of Things startup Senseware is getting some solid traction for its physical environment sensors and software platform. Find out what's next for the startup and how it will start using the data its collecting to help its clients in Chris Bing's report here.
PayPal buys the Obama campaign CTO's startup
PayPal has acquired the mobile shopping app developer created by the CTO of President Obama's 2012 campaign. Harper Reed founded Modest only six months ago as a tool to help stores build mobile shopping apps. Now PayPal has picked it up for an undisclosed amount, a deal Reed said fits his goals for extending the Modest's currently limited reach. Find out more in PayPal's announcement here.
Rosetta Stone's CEO has a new lesson plan for you
Former Rosetta Stone CEO Tom Adams has a new project, Smartly, a different kind of edtech platform from the famous language software. Smartly is less focused on one kind of education and instead is about changing how teaching is done using “bite-sized” lessons. Find out how Adams plans to totally alter the educational system in Chris Bing's story here.
