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Most Platforms Can’t Scale, Will Fail

PYMNTS

Well, it is “an innovative new payment platform created to transform the payments industry by drastically altering the economics through Internet-based technology, generating significant consumer benefits.” Except, of course, it didn’t – and it is now in the crowded graveyard of payments innovations that sounded too good to be true.

Bitcoin 100
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Finovate Spring 2018 – Day 2

William Mills

How they describe their product/innovation: Project Finance is a personal finance application that shows users the future of their finances based on all the choices and decisions they’re making today. HQ: Boston, MA. In today’s world there is uncertainty around many things, your finances don’t have to be one of them. Key Executives.

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46 Corporations Working On Autonomous Vehicles

CB Insights

A few of the companies or brands listed below belong to the same parent organization, but are detailed separately if they are operating distinct autonomous development programs. Top initiatives: First company to test self-driving tech on the streets of Singapore, and later in Boston. Aptiv hits the road for testing.

System 78
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55 US Companies That Became Unicorns In 2018

CB Insights

New York, Boston, Chicago, and Nashville, among other cities, all played host to newly minted unicorns last year. Company Description: Circle Internet Financial is a Boston-based cryptocurrency company offering a crypto exchange platform, money transfers, and investment services. Circle Internet Financial. Valuation: $3B.

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Four Big Power Shifts For Commerce And Payments

PYMNTS

Thinking that way misses a much bigger point: That is, looking at an “average” percent of sales done in a physical store is about as accurate as following the Farmer’s Almanac ‘s prediction of the average amount of snowfall in Boston each winter by examining how furry the caterpillars are. Take books, for example. Not anymore.

Payments 100
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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

Australian music streaming company Guvera has reportedly stopped operating, with its co-founder and biggest financial backer walking away from the project. and a dearth of people with technical, operational experience running energy facilities. The lack of people with real operational experience “hurt KiOR a lot,” says O’Connor.

Capital 78
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242 Startup Failure Post-Mortems

CB Insights

But overpriced, over-hyped hardware products weren’t the only “innovations” we said goodbye to: we also recently witnessed the deaths of startups working in mobile AR, e-commerce, digital media, and more. Read on for post-mortems on 10 of the latest startups to bite the dust. Product: Quidsi. Product: Guvera.

Company 78