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The World’s Most Valuable Unicorn In 2020
These are the 76 companies that reached unicorn ($1billion) status in 2020 – including Gymshark, Udemy and more…Q3 2020 hedge fund letters, conferences and moreWhat Is A Unicorn?A ‘unicorn’ is a term used in the business world to describe a privately owned startup that is worth more than $1 billion, including the likes of Airbnb, Roblox, and, as of this month, Tipalti too, after they hit a valuation of more than $2 billion, bringing total funding raised to date to around $280M million.While millions of startups spring up each year, only a handful ever make a success of it, which is why a priva...
ValueWalk
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Auto review: My 1st ride in a Lordstown Motors electric pickup: It's real, but will that be enough?
Lordstown Motors, the plucky electric pickup startup that aims to turn an abandoned General Motors plant into a hub of manufacturing and technological leadership, faces a long road and uncertain prospects, but it’s the only prospective EV pickup giving demo rides to independent journalists, and they claim to have sold out the first year of production for their Endurance pickup.That makes them worth a look, and I got one during a demo ride and briefing at Lordstown’s engineering center in suburban Detroit.Lordstown went from a privately held company with limited means to a publicly traded one M...
Detroit Free Press
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Here's how auto startups are getting the cash to challenge Big Three carmakers
Not since the early 20th century have there been so many startups in the U.S. auto industry.Add Phoenix, Ariz.-based Atlis Motor Vehicles to a growing list of electric-vehicle startups across the United States — Rivian Automotive, Nikola Corp., Lordstown Motors Corp. and Bollinger Motors among them — seeking to make their marks. The surge in 21st-century startups is inspired by the meteoric success of Silicon Valley EV-maker Tesla Inc. as well as government regulations that for the first time mandate the powertrains automakers must use.Upstart automaker Atlis Motor Vehicles is betting its Atli...
The Detroit News
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Is it a parking lot or delivery hub? That question earned Miami startup $1 billion
Miami-based REEF, best known for its so-called ghost kitchens that provide off-site food delivery, announced Tuesday it had raised a total of $1 billion to expand its operations.A growth equity funding round of $700 million is being led by United Arab Emirates-based Mubadala Capital in partnership with SoftBank’s Vision Fund and other investors. REEF is also raising $300 million through Oaktree Capital Management, L.P., to acquire additional real estate assets.REEF’s model involves investing in underutilized urban real estate, especially parking lots, and leasing them out as staging areas to b...
Miami Herald
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New program to help Black-owned online businesses
ATLANTA — Many Black entrepreneurs struggle to get bank loans and professional help to launch new businesses. A new program aims to remove those stumbling blocks.An Atlanta nonprofit and another business have committed $150 million to the 1 Million Black Businesses effort, which will make loans and provide financial and business advice to Black-owned startups and established small businesses. Atlanta-based nonprofit Operation Hope, which helps consumers improve credit scores, is kicking in $20 million, and Shopify, the online e-commerce is adding another $130 million for the loans and website-...
The Atlanta Journal-Constitution