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Automakers Rev Up Venture Capital Engine With 38 Investments in 2017

PYMNTS

Automakers that want in on ridesharing, self-driving cars or innovative car financing options aren’t always developing their own technologies or starting their own ventures. As such, automakers are hitting the venture capital highway in droves. The number of automaker-backed investments seems to have skyrocketed overnight.

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Gonzo Notes from Money20/20

Gonzobanker

Recently, your intrepid Gonzo investigators found themselves (again) in Las Vegas to get a take on payments at Money20/20. (We For those not directly tied to a bitcoin company, the message was, “Think of all the things we can do with the underlying technology.” By Brandi Gregory, Nick Lane & Terence Roche. Apple Pay … not.

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17 Of The Biggest Startup Frauds Of All Time

CB Insights

Crescent Ridge Capital Partners’ elaborate Ponzi scheme. The problem was that Theranos’ proprietary blood-testing technology was completely fictitious. Select Investors: AllianceBernstein, Lightspeed Venture Partners, Glade Brook Capital Partners. Select Investors: BlackRock, Norwest Venture Partners, Sands Capital.

Fraud 78
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Amazon Walmart Whole Paycheck Tracker: Better Delivery By Any (And Every) Means

PYMNTS

This week was one of the latter, as Walmart hosted its investor meeting in Arkansas and Amazon decided this week’s menu of technological innovations in retail would be an all-you-can-eat buffet. The announcement was made by CEO of Worldwide Consumer Jeff Wilke on Wednesday (June 5) at the company’s “re:MARS” conference in Las Vegas.

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