Analyzing the spectrum of corporate innovation from R&D to VC

 Over the coming decade, ongoing corporate exploration of the incubator, accelerator, and venture capital models will expand the use of these additional forms of external innovation. Read More

Another smart card bites the dust, as Plastc ends operations and leaves pre-orders unfulfilled

 Plastc is throwing in the towel today. The smart card maker sent a message to backers (which now also graces the startup’s homepage) announcing that it’s “exploring options” for filing Chapter 7 and, more importantly, is shutting down all operations as of today. Read More

NerdWallet just laid off over 40 people, including its VP of growth

 Personal finance startup NerdWallet recently let go of more than 40 employees, TechCrunch has learned. As part of the changes, NerdWallet VP of growth Henry Hsu left the company and NerdWallet COO Dan Yoo is moving into an advisory role. Read More

MakeSpace raises $30 million to store your belongings

 If you live in New York, you’ve seen the subway ads. MakeSpace wants to free your apartment of clutter. And now the self-storage startup is getting $30 million to execute on their vision. This follows another $17.5 million raised last year. Venture capitalists from 8VC, Upfront Ventures, Harmony Partners and Summit Action believe that there’s a $30 billion market opportunity… Read More

Orange is launching a bank because reasons

 French telecom company Orange is launching a bank this Summer in France. Orange CEO Stéphane Richard listed some of the features behind Orange Bank this morning at a press conference. And let’s just say that it doesn’t sound as groundbreaking as the company thinks.
Just like N26, Revolut and others, you’ll be able to control your payment card directly from your phone. Read More

Alibaba’s Ant Financial may have won the bidding war for MoneyGram after upping its offer to $1.2B

 Ant Financial, the Alibaba affiliate company focused on financial services, appears to have finally won its battle with Euronet to acquire MoneyGram, the U.S.-based cross-border payments service, after it increased its bid to $1.2 billion. Read More

Simple is closing some customer bank accounts, and users are mad as hell

 Simple, the online banking service that promised to be a better alternative to big banks like Chase or Citibank, is falling short of some users’ expectations. This time, it comes as a result of the sudden and surprising notice customers received alerting them that their accounts would be closed next month. Read More

Uber shares growing financials to distract from negative publicity

 Uber, the popular ride-hailing startup shared a grip of new financial metrics with Bloomberg today. The numbers indicate that the company is still growing at an impressive pace, and that despite staggering losses may be getting a handle on its cash burn. The company’s numbers have leaked in various quantities before, but today’s disclosure is a welcome dose of sunlight. That Uber… Read More