Capital DC Innovation Report 
PYMNTS
DECEMBER 9, 2020
to stop charging eateries a 30 percent fee on each order through the delivery company’s DashPass subscription offering, Reuters reported, citing an unnamed source. News of the reported letter comes on the heels of DoorDash reaching a $2.5 The letter that was sent to the delivery company on Tuesday (Dec. billion valuation.
PYMNTS
MARCH 14, 2018
Amazon opens an Amazon Books location in the nation’s capital. The store occupies a space that formally housed a Barnes & Noble store in Georgetown, The Washington Post reported. Betting that its popularity with shoppers online will translate into brick-and-mortar customers in Washington, D.C.,
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CB Insights
FEBRUARY 1, 2019
Although startups based in California, New York, and Massachusetts have traditionally accounted for the majority of VC tech investment in the US, VCs are spurring other hotbeds of innovation across the country. 2018 VC Report: global funding surges 21% compared to 2017. Merus Capital. Connecticut Innovations. BIP Capital.
PYMNTS
DECEMBER 9, 2020
DoorDash said more than 390,000 businesses harness the app, according to a published report that cited the firm’s prospectus. While DashPass is a premium marketing offering and provides benefits to many restaurants, we have decided to not charge DC restaurants their contractual DashPass rate at this time.
CB Insights
SEPTEMBER 26, 2018
One solution: in-house healthcare innovation labs. Get the 47-page google in healthcare report. We put together a list of healthcare innovation labs from new entries to the field, as well as some of the oldest — and most familiar — names in health. McKesson and the Mayo Clinic — Center for Innovation (CFI). Founded: 2008.
PYMNTS
SEPTEMBER 22, 2020
The entire process, cradle to grave, has failed to evolve and innovate with the customer in mind.”. Just this week, investors in Starwood Capital Group started to show signs of strain after the pandemic shuttered stores and wiped out emergency cash reserves, leading to default on a $700 million loan.
CB Insights
SEPTEMBER 6, 2017
Cava has around 30 restaurants in the DC, LA, and NYC markets, and its packaged dips and spreads are sold in more than 200 Whole Foods Market stores. The company has a digital-first strategy, and reports roughly a third of its business runs through its app. Select VC Investors: Khosla Ventures, Social Capital. sweetgreen.
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