Tag Archives | Start Ups

Ten CIA-Funded Start-Ups

Screen Shot 2013-09-16 at 2.25.15 PMCourtesy of The Kernel comes this list of ten CIA-funded start-ups: Rocket technology, language recognition software, devices to see through walls. “Q” needs to step up his game.

Here’s one: Soundbite, from Sonitus Medical:

Sonitus Medical manufacture a product called SoundBite, a bone conduction prosthetic hearing device. In essence it is a hearing aid type system that utilises an in-mouth hearing device. Sonus medical plan to use their technology for future treatments of hearing disorders such as mixed hearing loss and tinnitus.

Of course In-Q-Tel might see other future uses for a hidden in-mouth communication platform.

Go examine grandma’s dentures and click through here to read more.

 … Read the rest

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Why Obama’s JOBS Act Couldn’t Suck Worse

Matt Taibbi bursts the bubble of all those gogo Internet companies and their bankers who are celebrating the JOBS Act, in Rolling Stone:

Boy, do I feel like an idiot. I’ve been out there on radio and TV in the last few months saying that I thought there was a chance Barack Obama was listening to the popular anger against Wall Street that drove the Occupy movement, that decisions like putting a for-real law enforcement guy like New York AG Eric Schneiderman in charge of a mortgage fraud task force meant he was at least willing to pay lip service to public outrage against the banks.

Then the JOBS Act happened.

The “Jumpstart Our Business Startups Act” (in addition to everything else, the Act has an annoying, redundant title) will very nearly legalize fraud in the stock market…

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This 28-Year-Old Wants to Kill Credit Card Use

DwollaAlyson Shontell reports in Business Insider:

There’s a tiny 12-person startup churning out of Des Moines, Iowa. Dwolla was founded by 28-year-old Ben Milne; it’s an innovative online payment system that sidesteps credit cards completely.

Milne has no finance background, yet his little operation is moving between $30 and $50 million per month; it’s on track to move more than $350 million in the next year. Unlike PayPal, Dwolla doesn’t take a percentage of the transaction. It only asks for $0.25 whether it’s moving $1 or $1,000.

We interviewed Milne about how he is building a credit card killer and Square rival from the middle of the nation where VCs and press are scarce.

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The Hottest Tech Startup Investor? Ashton Kutcher

Photo: TechCrunch (CC)

Photo: TechCrunch (CC)

New York hosted the number one technology startup conference this week, Techcrunch Disrupt. It felt as though Silicon Valley had taken over Manhattan, but one of the highest profile attendees was actually from Southern California — actor Ashton Kutcher (OK, I know he’s from Iowa originally). He was interviewed on stage by Charlie Rose (see video) and today is profiled by Jenna Wortham for the New York Times:

Ashton Kutcher, a former model, rose to fame in Hollywood by playing a handsome ditz in “Dude, Where’s My Car?” and on “That 70s Show.” But in certain circles, people know that he is no dummy when it comes to technology.

In recent years, Mr. Kutcher has become a smart early investor in some of the most talked-about Internet start-ups, including Foursquare, the mobile social network; Path, a photo-sharing application; and Flipboard, a news-reading app for the iPad.

Read the rest

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The End Of Digg

Digg logoDigg founder Kevin Rose has reportedly resigned from Digg in order to launch a new startup.

“When I took over as CEO six months ago,” commented Digg’s Matt Williams, “Kevin’s role changed to that of Founder and Board member…” Rose is now reportedly closing over $1 million in financing for a new start-up, and his attention is apparently already focusing on the future. “This comes just a matter of hours after TechCrunch noted that even Kevin Rose doesn’t use Digg any more, with his use of the site having dropped off massively over the last few months…”… Read the rest

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