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The forgotten ‘Facebook of China’ is sold for $20M

Renren, which was once heralded as the ‘Facebook of China’ and later became China’s answer to MySpace after falling out of fashion among its core young users, is selling its social networking business. Renren’s parent company Beijing Qianxiang Wangjing has agreed to sell all tangible and intangible assets of renren.com …

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The top 10 cities for $100M VC rounds in 2018 so far

Crunchbase News recently profiled a selection of U.S. companies’ largest VC raised in 2018, and no surprise here: the 10 largest rounds all topped out well north of $100 million. A major driver of global venture dollar growth is the relatively recent phenomenon of companies raising $100 million or more in a single venture round. …

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Growing pains at venture-backed Moogsoft lead to layoffs

Eight months after bringing in a $40 million Series D, Moogsoft‘s co-founder and chief executive officer Phil Tee confirmed to TechCrunch that the IT incident management startup had shed 18 percent of its workforce, or just over 30 employees. The layoffs took place at the end of October; shortly after, …

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Nikola Motor unveils a new hydrogen semi truck designed for Europe

Nikola Motor has started taking reservations for Tre, the startup’s first hydrogen-electric truck built for the European market. Nikola Motor, which less than a year ago announced plans to build a $1 billion hydrogen-electric semi truck factory in a suburb of Phoenix, said it’s in the preliminary planning stages to identify the …

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Make people valuable again

David Nordfors Contributor More posts by this contributor The future of business is good jobs as a service The future of work is 5 billion customers looking for a good job Vinton Gray Cerf, a co-founder of i4j — innovation for jobs, is widely hailed as one of “the fathers …

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