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Nonprofit Supports Community Entrepreneurs Amid Pandemic

PYMNTS

“Quite the contrary,” says Bob Brennan, chairman of the National Expansion Council and one of the directors of a nonprofit organization called Entrepreneurship for All (EforAll) based in Boston, Massachusetts. “I They don’t have VC funds. And what is that model? I tell them that business is a game of misses, not hits,” he said.

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Facebook Tracker: East, West And Everything In Between

PYMNTS

Facebook is getting big, and we don’t just mean popular: the social media giant has gotten bigger than its britches in more places than one, with new offices cropping up across the U.S. Cambridge, Massachusetts. Building upon its Boston-area staff, Facebook plans to open a new office in neighboring Cambridge next year.

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Crypto 2020: One Step Up; Two Steps Back

PYMNTS

The Federal Reserve said this year that its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. For now, simply exploring the feasibility of digital fiat is top of mind.

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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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Fintech Fundings: 15 Companies Raise $125 Million Week Ending May 1

Fintech Labs Insights

HQ: Boston, Massachusetts. Payments via social media. Tags: Payments, mobile, social, Facebook, Startup Chile (investor). There were two jumbo rounds: $50 million to cryptocurrency startup Circle and $30 million to multiple Finovate Best of Show winner MX (formerly Money Desktop). Digital currency provider.

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11 New Restaurant Concepts Reimagining Fast Food & Casual Dining

CB Insights

Vegan fast casual: By Chloe (NYC, Boston, LA, Providence, London). Community initiatives: Loom (Massachusetts). The restaurant has 12 current locations, in New York, LA, Providence, Boston, and most recently London, and another 20 are planned. In Boston, Oleana founder Ana Sortun opened the lunch and takeout venue Sofra.

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Killing Strategy: The Disruption Of Management Consulting

CB Insights

Before Bruce Doolin Henderson opened the doors of Boston Consulting Group on July 1, 1963, the concept of “competition” barely existed in American business culture, let alone the concept of strategy. There were great, successful companies. Those companies made plans. ” —Walter Kiechel. .”