In a meeting of two of the most valuable VC-backed companies in the US, Airbnb has partnered with WeWork to help business travelers book space at co-working locations, per Bloomberg.
Airbnb is launching a pilot program in six cities where users of the home-rental platform will be able to book both a place to sleep and a desk or conference room at a nearby WeWork location in the same transaction. The idea is to lure young travelers away from hotels with business-friendly features such as high-speed internet and meeting space.
Investment strategies used by hedge funds have evolved over the years, although the biggest changes have come in the use of computers to develop portfolios. Rosetta Analytics is a woman-founded and woman-led CTA that's pioneering the use of artificial intelligence and deep reinforcement learning to build and manage alternative investment strategies for institutional and private Read More
Startup dream teams
The partnership between the tech powerhouses got us thinking: Which other VC-backed companies could benefit from teaming up?
We’ve put together a list of partnerships that exist only in our imaginations, complete with funding and valuation info for each startup.
Peloton + SoundCloud
Peloton HQ: New York | Total equity funding: $444 million | Valuation: $1.4 billion (May 2017)
SoundCloud HQ: Berlin | Total equity funding: $495 million | Valuation: $319.5 million (estimated, August 2017)
SoundCloud, the provider of a streaming music platform, has had a rough year: The startup closed two of its four offices in July amid debt issues. Peloton, which sells stationary bikes and offers live-streamed cycling classes to go with them, could use SoundCloud’s platform to provide soundtracks to its fast-paced workouts.
The Honest Company + TaskRabbit
The Honest Company HQ: Los Angeles | Total equity funding: $222 million | Valuation: $1.7 billion (August 2015)
TaskRabbit HQ: San Francisco | Total equity funding: $49 million | Valuation: $50 million (July 2015)
This is a dream that’s not likely to come true, as it was recently announced that Ikea is acquiring TaskRabbit. But imagine a world in which The Honest Company had gotten there first and partnered with the on-demand labor provider. The ecommerce startup, which counts diapers among its primary products, could have added a bonus service: Not only does someone deliver the diapers to your door, but they’ll change ’em, too.
Stitch Fix + Birchbox
Stitch Fix HQ: San Francisco | Total equity funding: $48 million | Valuation: $300 million (June 2014)
Birchbox HQ: New York | Total equity funding: $96.5 million | Valuation: $485 million (April 2014)
Stitch Fix and Birchbox are two of the companies that pioneered the concept of repeated deliveries of personalized goods to customers’ doors. Stitch Fix sends clothes. Birchbox sends makeup and other beauty products. Combine the two services, and users would receive one box with everything they need to get ready in the morning.
Article by Dana Olsen, PitchBook