In: Start Ups
The 10 things not to do when pitching a venture capitalistJanuary 11, 2020
There’s a lot in the press these days about the behavior of some venture capitalists toward women entrepreneurs. The industry –…Read More
How Richard Branson gets fresh water on his private islandMarch 6, 2016
Having your own private island is not just about the beautiful views, the privacy, and living the good life.
It's also about some of the more practical things, like figuring out the best way to get water and energy on the island.
Sir Richard Branson's Necker Island, which also functions as an exclusive resort, is part of the British Virgin Islands, but it is quite independent when it comes to producing the energy and fresh water that the island uses.
We spoke to Chief Engineer Adam Simmonds, who showed us how he and his team convert the salt water of the Caribbean Sea into as much as 65,000 gallons of usable water a day.
Originally published in October 2012.
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Startup bank Mondo raised a crazy £1 million in just 96 seconds in its crowdfunding campaignMarch 6, 2016
App-only bank Mondo has raised £1 million in just 96 seconds, days after investor demand for the bank crashed crowdfunding website Crowdcube,
Mondo had to “pause” the launch of its crowdfunding campaign on Monday after demand from punters looking to buy shares in the company crashed Crowdcube's platform. Mondo had notified 44,000 people that its campaign was going live.
Crowdcube beefed up its technical chops in response and the campaign went live at 1 p.m. Thursday, selling out in record time.
1 minute, 36 seconds – the fastest @Crowdcube round ever! Thank you everyone ?
— Mondo (@getmondo) March 3, 2016
Crowdcube co-founder Luke Lang tweeted:
That is the fastest equity raise ever! Not just on @Crowdcube. Congrats 🙂 https://t.co/g1OQ0Bvznh
— Luke Lang (@lukelang) March 3, 2016
Mondo CEO and co-founder Tom Blomfield told Business Insider: “I'd love to thank all the people who invested for such a huge vote of confidence. Thousands of people have helped us sha..Read More
23andMe CEO Anne Wojcicki has a secret talent that she uses to drive her kids crazyMarch 6, 2016
Anne Wojcicki is well-known in the tech industry for a lot of reasons.
She's cofounder and CEO of genetics testing company 23andMe, a restaurateur (Bumble is her kid-friendly cafe in Los Altos, California). She's the sister of YouTube CEO Susan Wojcicki and ex-wife of Google founder Sergey Brin.
But one thing you probably didn't know about her was that she has a hidden talent that she discovered in high school.
She's “good at making bird calls,” she confessed on a YouTube video called Inside the Grind.
It's not exactly a super power but it is extremely useful for driving her kids crazy, she says with a laugh.
She's not kidding about this talent. She demonstrated a few bird calls in the video.
SEE ALSO: A famous IBM employee took her baby to an IBM conference and had to deal with a smart aleck
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NOW WATCH: This woman is getting famous for building hilariously terrible robots
This new ‘Six Flags’ ride may be the most mind-bending amusement park attraction yetMarch 6, 2016
Six Flags created a new roller coaster called “The New Revolution” that requires riders to wear virtual reality glasses as they barrel down 3,500 feet of track.
Produced by Zach Wasser. Video courtesy of AP and Six Flags Entertainment.
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Astronaut Scott Kelly’s mind-blowing photos from his record-breaking year in space will make you fall in love with Earth all over againMarch 6, 2016
Right before Astronaut Scott Kelly took off to spend a year in space, President Obama told him,”Good luck Captain. Make sure to Instagram it.”
And he did.
From tracking storms to catching all the colors of the Earth, here are some of the best shots from his record-breaking, year-long voyage:
NEXT: SpaceX’s new rocket fuel is causing problems with a mission that the company will try to launch for the fourth time tonight
SEE ALSO: NSA astronaut Scott Kelly is about to come home — here are 8 epic numbers about his record-breaking time in space
Here's Kelly's first stunning shot of Earth from space, taken 27 weeks ago.
Good morning, Texas from the @ISS. Looks like Houston and Austin have some weather headed your way. #YearInSpace #ISS #Goodmorning #saturday #weekend #Texas #Houston #Austin #weather #wx #houwx #space #earth
A photo posted by Scott Kelly (@stationcdrkelly) on Apr 4, 2015 at 11:32am PDT
His photos are filled with striking colors, from neon greens…
The ‘Netflix for indie movies’ looks nothing like Netflix — and it’s worth $125 million (NFLX)March 6, 2016
Since 2007, London-based Mubi has quietly built a reputation as a stellar streaming service for serious film lovers.
While Netflix has grabbed the headlines, Mubi has survived and thrived, snagging a recent valuation of $125 million and sweeping into China ahead of its much-larger rival.
Last year, Paul Thomas Anderson, the Oscar-nominated filmmaker and indie heavyweight, chose to give Mubi the exclusive streaming rights to his new film, “Junun.” For reference, Mubi has 100,000 subscribers, while Netflix has 75 million.
So how has Mubi found success in a Netflix world? In part, it's because Mubi thinks of films as something distinct from “video” or “content,” CEO Efe Cakarel tells Business Insider.
“We used to have this all-you-can-eat buffet, similar to Netflix but for independent films,” Cakarel says.
But a few years ago, Cakarel realized that people don't consume movies the same way they do TV shows. Searching Netflix for a new show might be annoying, but once you&..Read More
A new drone video of Apple’s spaceship campus shows a 10,000-square foot fitness centerMarch 6, 2016
The rumor is that even Apple CEO Tim Cook uses the drone videos taken by drone videographer Duncan Sinfield to see the progress of the company's enormous $5 billion “spaceship” shaped headquarters, being built right now in Cupertino.
Sinfield just posted another one that shows the building site as of March 3.
When completed it will include 2.82 million square feet of office space that can house over 12,000 employees.
It's curved design means that the building will use the largest panes of curved glass in the world. It also includes a 1,000 seat underground auditorium, a new 10,000 square foot fitness facility for employees and nearly 11,000 parking spots in two huge garages accessed by underground tunnels.
Plus, underground tunnels will be used to access the courtyard (making it very hard for someone to sneak into the outside areas of Apple's new headquarters).
The new facility was originally conceived by Steve Jobs who envisioned it as “the best office building in..Read More
Bubbles, chasms and ‘dreaming the dream’ ― a top tech investor reveals its unconventional approach to picking winnersMarch 6, 2016
Coatue Management, the $10 billion long/short equity hedge fund led by “Tiger Cub” Philippe Laffont, is one of the most prolific investors in technology companies.
Speaking at the MIT Sloan Investment Conference on Friday, David Scully, a partner and the chief marketing officer of Coatue, shared some insights into how the fund thinks about making its tech investments.
Both Scully and Laffont have taught a class at MIT on tech investing in the past.
The fund's investment process isn't what you'd expect. In fact, it goes against some of the investing adages we're used to such as “buy low, sell high.”
“Perhaps the right way to think about this is not to buy low, but to buy high,” Scully said. “Now I say that partly only tongue-in-cheek because it turns out that a great way to find new trends and potential winners is to look at stocks that are expensive. We like to call that 'dreaming the dream' and we believe this kind of optimism is essential, especial..Read More
This $14-billion machine is set to usher in a new era of nuclear fusion powerMarch 6, 2016
The first and largest machine of its kind is currently under construction at the French scientific research center called Cadarache, which specializes in nuclear power research.
It's called ITER, Latin for “The Way,” and is expected to usher in a new era of nuclear fusion-powered electricity — something scientists and engineers have been working toward for over 40 years.
By fusing two forms of hydrogen, called deuterium and tritium, together, the machine would generate 500 megawatts of power. That's ten times more energy than it would require to operate.
Once completed, ITER would measure 100 feet in diameter and height, representing a new breed of nuclear fusion device. If it reaches its energy output goals, it will be the first machine of its kind to bridge the gap from fusion research in the lab to readily available fusion power for cities.
As of June 2015, construction costs for the machine exceeded $14 billion. But, in the end, experts say it will be worth it. After ..Read More