Business and Economy

Chariot, Slack, Postmates, Akulaku and OneLogin

Chariot shuttle service shuts down

Chariot, the Ford-owned transportation startup that operates commuter shuttles in nine North American cities and in London, is shutting down, citing the changing landscape for mobility services.

Austin regains crown as king of Texas VC

After a bumpy third quarter, funding for Austin-based startups rebounded in Q4, and the Texas capital can continue wearing its unofficial crown as “king of Texas VC” for another year. The funding rise comes amid a broader quarter-over-quarter bump for venture investment in Texas.

Slack eyes direct listing IPO

Enterprise messaging platform Slack is reportedly planning to sell shares directly to bidders through an IPO process known as a direct listing. If it does so, the San Francisco-based company would follow in the footsteps of Spotify, which went public through the same process last year.

More bearish signs emerge for crypto

Cryptos are selling off again after recovering from December lows. Slowing use of decentralized apps and the widening gap between bitcoin mining revenues and usage fees provide additional bearish indicators.

Startups aim to solve government problems

City Innovate, an organization that matches up startup entrepreneurs and government agencies, has inducted a new cohort of participants focusing on areas from publication transportation to smartphone-enabled services.

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