Coinbase fundraising at $1B valuation
Coinbase, a site for buying, selling and storing bitcoin and other cryptocurrencies, is in talks with investors about raising money at a $1 billion valuation, according to a Wall Street Journal report citing unnamed sources. The San Francisco-based company has previously raised $117 million and is reportedly seeking another $100 million.
Food for thought on meal delivery
The meal kit and prepared food delivery space has generated plenty of winners and losers. So far, it’s clear consumers like options that are healthy, convenient, and reasonably priced. The challenge for startups, Crunchbase News reports, is to provide services that satisfy those appetites without generating an unsustainable burn rate.
VR startups hit pause
Virtual reality startups are hitting the pause button on their development efforts as they wait for consumer demand to accelerate, VentureBeat reports. While enterprise VR is faring a bit better, on the consumer side even funded startups aren’t scaling, choosing instead to go into “cockroach mode” until market conditions improve.
|
