Before we start Christian is talking about the taxi medallions in New York, once considered a fancy and lucrative investment. Now they are in a steady decent due to Uber, Lyft, and their competitors. This can also be taken as a sign of disruption of a traditional (taxi) market:
Why taxi medallions cost $1 million – Reuters http://ow.ly/Aw7Z30aoYm4
Taxi Medallions: Golden Investment on the Streets of New York – WSJ http://ow.ly/ysx230aoTX3
NYC yellow cab medallion prices falling further – Business Insider Deutschland http://ow.ly/y7uy30aoTXc
Christians food for thought: Self-Driving Trucks Are Going to Hit Us Like a Human-Driven Truck http://ow.ly/3saJ30ap2pk
82,4 mn Euros in 2016 invested in German InsurTech startups http://buff.ly/2jpY15E
BBVA blows Lendico VC round http://www.gruenderszene.de/allgemein/lendico-krise
Berlin only No 4 in Europe’s startup capitals, behind Paris London and Stockholm http://buff.ly/2kUFyn2
Hamburg-based crowdfunded private cloud hardware startup Protonet had to file for insolvency http://ow.ly/AKDI30a5ssu
Two Executives to Leave Uber, Adding to Departures – The New York Times http://ow.ly/fyOX30a5qoz
Morning Agenda: The Exodus From Uber Continues – The New York Times http://ow.ly/EOXf30a5qvG
In Video, Uber CEO Argues With Driver Over Falling Fares – Bloomberg http://ow.ly/HaZ230ap1dR
Growth vs. Profits: Uber’s Cash Burn Dilemma http://buff.ly/2kbB8oL
SoundCloud needs more money, or it may sell at a fire-sale price wrote Recode here http://ow.ly/kWg2309SWuj
Our story, we left SoundCloud pretty early on! http://www.gruenderszene.de/allgemein/soundcloud-bewertung-geruechte
Spotify, which would like to go public next year, says it has more than 50 million paid subscribers worldwide. Apple Music says it has more than 20 million paid subs.
SoundCloud’s stall has been out in the open for some time. Investors pegged its value at $700 million in 2014, and since then it has raised money twice — including last year’s $70 million Twitter investment — at the same valuation.
The service says it has 175 million monthly unique users, but it hasn’t updated that number since 2014, either.
The third biggest German Kickstarter ever is bankrupt. It was meant to become a great looking induction designer water boiler, but things didn’t work out. The “remaining money” shall be reimbursed, the founders said. How much of the 800.000 Euros collected still “remained”, was not publicly confirmed.
Marguerite talks about the Single European Payment Area (SEPA), learn more here: https://en.wikipedia.org/wiki/Single_Euro_Payments_Area
German startup Holoplot wins SXSW Interactive Innovation Award in the category Music and Audio. They build advanced sound walls that allow focused sounds in a train station e.g., coming out of a wall with more than a thousand sound units, specifically aiming at passers-by.
Horse Analytics, offering a wearable for horses, made it into the finals of the SXSW Accelerator pitches. “Your horse in your pocket” is their claim.
Lamp Startup lampenwelt.de gets an additional 120 million Euro in funding. A true hidden champion.
BaFin said to be close to handing insurance license to Berlin-based fintech incubator FinLeap http://ow.ly/lqC930a48UM
“Der Fall Ikarus”
German media continue their critical takes on Rocket Internet. This time, it was the weekly Wirtschafts Woche which came up with an analysis about Oliver Samwer and the ongoing crises at Rocket. Summary: “No plan, no profits, no new ideas: Oliver Samwers Startup Manufactory runs in crisis mode. Will Delivery Hero and Hello Fresh offer the chance of a turnaround? Confidential Documents raise concerns.”
Clark.de, one of Bloomberg’s 50 most promising startups
These Are the 50 Most Promising Startups You’ve Never Heard Of said Bloomberg in March 2017. Now we want to change that for one of these startups! Clark.de an InsurTech from Germany, headquartered in Frankfurt am Main.
Here is the interview (we did publish it in the meantime http://ow.ly/gfvm30apSQ8)
This is how the Fintech center TechQuartier tries to attract bank related startups.
Frankfurt School of Management’s First startup night – March 16 – a big success!
Parcel service Hermes acquires majority stake in Frankfurt-based startup Liefery http://ow.ly/Xz2z30a4A5g
Stuart Cameron emailed us, the CEO of Uhlala – a company which supports, promotes and connects LGBTI people and women in leadership. With their Unicorns in Tech community, they are organizing Germany’s first LGBTI hackathon „Love to the Front” in Berlin on the 31st April. It’s hosted by Erasys.
More at http://unicornsintech.com/work/hackathon/ or at unicornsintech.com, then scroll down to events.
Also, do not miss Startup Radio in Berlin – covering and moderating the technology panel of the first International Cannabis Business Conference to be held in Germany after legalization.
Brief Introduction by Marguerite to Cannabis Startup world – including her coverage of the ICBC April 9-11 event – go to the website in the notes.