2U sells more stock
Landover, Md.-based edtech startup 2U announced it will sell 3.1 million shares with another 400,000 to be sold by other stockholders. The money raised will be used to expand hares of common stock to be used to expand the company's reach and for "general corporate purposes" according to the company's press release. Read more in the prospectus here. old by the selling stockholders.
50 on Fire winners still burning up the city
DC Inno's 50 on Fire awards event is returning this December and as nominations start to roll in we thought we'd take a look at a few of the 2014 winners that have stayed hot this year. Whether it's new money, new space, new clients or all of the above, check out five that made the list last year and have only continued to heat up in 2015.
The return of LivingSocial
Chris Bing went to LivingSocial to talk to CEO Gautam Thakar, who took over last year and has been pivoting the company's focus a great deal since then. Find out how he sees the future of LivingSocial as it moves beyond daily coupons into a new realm of business-focused platform support in his full story here.
Internet on the Metro...eventually
Metro delays are a fact of life. So it's no surprise that since WMATA promised in 2008 to install cell service in its tunnels, we have still been waiting to get into a station to send a text or click a link. But under a new agreement with major wireless companies, full cell coverage should be in place by 2020. Find out how likely that really is in Ryan Ferguson's story here.
