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Top Tech Startup Stories of the Week
- At to the top is Peter Thiel departure from Combinator after ending part-time partner program. Last Friday’s announcement of Peter Thiel departure from Y Combinator came as a surprise to a lot of folks in the tech community. Peter Thiel is one of the most the most powerful influncers in Silicon Valley. It is not very clear why Thiel and Y Combinator ended their relationship but a lot of people still think it partially has to do with Thiel’s support of President Trump.
- Airbnb acquired two startups in a week. Airnb made two major acquisitions within one week. On AdBasis published a note on its site stating that the deal closed on November 13. We also published a news story on November 16 about Airbnb acquisition of Accomable, a startup that helps you find disability-friendly rentals. Unlike Accomable, AdBasis is a controlled testing environment and analytics tool for A/B and multivariate tests on search, display, and mobile ads. The acquisition will strengthen Airbnb with ads it needs to grow its customer base.
- Neufund is the startup everyone in Europe is talking about. Last week, Neufund was covered by major news media outlets for raising $11 million in new funding. However, what is so spectacular about the company is the fact that is the first startup to come up with a novel way to fund ventures. It provides a blockchain-based fundraising. The young startup provide creators with the tools to fund their ventures by going directly to those who believe in their success.
- Axios Raises $20 Million From Investors. The Arlington Virginia-based Axios Media raised $20 million with plans to use the funding to expand its newsroom, according to The Wall Street Journal.
- G:loot, a Swedish startup wants to become “Spotify for e-sports.” Swedish startup G:loot wants to bring e-sports to the masses. E-sports is a multi million dollar industry and G:loot wants to capture a piece of the martket. According to 2017 Global Esports Market Report, the global market is expected to grow 41 percent to $696 million. G:Loot is currentlu organizing a world championship – called Global Loot League or GLL – in the most popular e-sports games right now, a South Korean sensation called PlayerUnknown’s Battlegrounds.