Thiel Foundation subsidiary Breakout Labs has funded two new startups called SkyPhrase and Stealth Biosciences that, respectively, are trying to reinvent natural language processing and improve our ability to interact with individual cells.
2013 is turning out to be the year when entrepreneurs and investors are embracing using technology to create more sustainable food products, from plant-based egg, meat, and cheese replacements, to healthier candy and salt.
Max Levchin, who in his past life started PayPal and Slide is back at it again. He has started a new hybrid R& D Lab/Incubator (HVF) and his focusing on opportunities created by the digitization of our physical world and explosion of data.
Canadian entrepreneur Louis Michaud, who has spent years trying to commercialize his “out there” technology to harness tornadoes for power, has received a small grant from PayPal co-founder and early Facebook investor Peter Thiel’s early stage lab Breakout Labs.
So what if it’s geeky power grid gear. Entrepreneurs, investors, and innovators are working hard on developing the next-generation of compressed air energy storage technology. Like an air battery. And Bill Gates is a fan.
Airbnb is out raising additional capital. And it’ll need it as in Europe it wants to drive out key competition, especially since only one company will prevail in the peer-to-peer vacation sharing market.
Peter Thiel is leading a large investment into an air energy storage startup called LightSail Energy. Thiel joins Bill Gates and Khosla Ventures as investors. Compressed air energy storage tech pumps air into tanks and releases it on demand to create a sort of air battery.
Reuters reports that Paypal co-founder Peter Thiel is close to investing about $150 million at a $2.5 billion valuation in vacation sharing startup Airbnb. Thiel netted $400 million this year when he cashed out his stake in Facebook.
Airbnb is gearing up for a major fight with vacation sharing competitors Wimdu and 9flats. The fight is getting intense in Europe, where Wimdu and 9flats are based, and where over half of Airbnb’s listings are.
So the question for the financial backers of Wimdu and 9flats is how long do they finance their respective startups, hoping they can compete in this rough environment. If you ask Peter Thiel, he’d probably say, not much longer. Since $150 million is a ton of capital right now, money that will allow Airbnb to start locking up the market.
European vacation rentals site HouseTrip has everything going for it right now: not least fast growth and a fresh new round of funding. Co-founder Arnaud Bertrand lays out why he thinks his site can carry on winning — and reveals the scale of his ambition.
Airbnb is reportedly in talks to raise even more money, with a financing round said to be led by Peter Thiel. The cash infusion of $150 million would be more than double what the online room rental service company has raised so far.