Meet The Man Whose Site Mark Zuckerberg Reads Every DayFor the last decade, Gabe Rivera has been quietly shaping the tech industry’s story for its top executives, investors, and journalists. But is the editor behind Silicon Valley’s Drudge Report ready to reckon with his influence? [ BuzzFeed ] Sexism in start-up investment leaves UK businesses male-dominatedThe funding process for start-ups in the UK discriminates against female entrepreneurs, research has revealed. As little as 9pc of the investment that poured into British start-ups in 2016 went to companies with a female founder, according to data from Barclays and the Entrepreneurs Network. Stitch Fix CEO: We haven’t hit $1 billion in revenue yetOne hot question in e-commerce is how big Stitch Fix — which uses fit and style algorithms and human stylists to create a personalized clothing shipment “fix” — has grown. Last year, industry sources had estimated the startup’s annual sales at more than $500 million. [ Re/code ] Wal-Mart Unveils ‘Store No. 8’ Tech Incubator in Silicon ValleyWal-Mart Stores Inc. is creating a technology-startup incubator in Silicon Valley to identify changes that will reshape the retail experience, including virtual reality, autonomous vehicle and drone delivery and personalized shopping. The incubator will be called Store No. 8, a reference to a Wal-Mart location where the company experimented with new store layouts. Marc Lore, chief executive officer of Wal-Mart’s e-commerce operations, announced the incubator Monday at the ShopTalk conference in Las Vegas. 5 Charts On The State Of The Seed Market In 2017In 2016, the number of seeds has fallen by a 27.6% reduction in the number of seed rounds. But as the chart above shows, the median amount invested in seed rounds continues to increase at about 40% annually. This trend started in 2014 and has continued through the first quarter of 2017. These two forces in opposition netted a 10% increase in total dollars in 2016. Sexual-Harassment Claims Against a ‘She-E.O.’Thinx boss Miki Agrawal wanted to break taboos about the female body. According to some employees, she went too far. [ NY Mag ] Exclusive: Former Obama Adviser Jake Fingert Joins VC Firm Camber CreekAfter a three-year stint serving the Obama Administration, Jake Fingert is starting a new chapter: venture capital. The former White House senior policy adviser for infrastructure has joined real estate-focused venture capital firm Camber Creek as a partner. At the White House, Fingert served on the National Economic Council and managed the Build America Investment Initiative, a government-wide plan to increase infrastructure investment through collaborations with the private sector. He also led the White House “Smart Cities” program, which aims to infuse new technology in U.S. cities. [ Fortune ] Pinterest expects to make at least $500 million in revenue this year, but doesn’t have ‘current plans’ for an IPOPinterest expects to make at least $500 million in ad revenue this year, according to Recode's Kurt Wagner. That number would be a 67% increase from the $300 million in revenue Pinterest reported for 2016. And it would place Pinterest's business growth just behind Snapchat maker Snap Inc., which reported $404 million in revenue in 2016 and is expected by Goodwater Capital to make $1.1 billion in 2017. [ Business Insider ] |