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May 19, 2019

After Math: Goodbye, Grumpy Cat, whoa oh oh

Terrible news, everyone! The internet’s favorite maladjusted kitteh has gone to the Great Cat Tree in the sky after succumbing to a urinary tract infection earlier this week. She — yes, Grumpy Cat was a girl — will be missed. Likewise, Cray Superco…
 
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May 18, 2019

US may soften ban on Huawei to help existing users

The Trump administration might ease its Huawei trade ban… if ever so slightly. A Commerce Department spokeswoman told Reuters in a statement that it might soon grant Huawei a temporary license to “prevent the interruption” of service for existing…
 
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May 18, 2019

Startups Weekly: There’s an alternative to raising VC and it’s called revenue-based financing

Revenue-based financing is on the rise, at least according to Lighter Capital, a firm that doles out entrepreneur-friendly debt capital.

What exactly is RBF you ask? It’s a relatively new form of funding for tech companies that are posting monthly recurring revenue. Here’s how Lighter Capital, which completed 500 RBF deals in 2018, explains it: “It’s an alternative funding model that mixes some aspects of debt and equity. Most RBF is technically structured as a loan. However, RBF investors’ returns are tied directly to the startup’s performance, which is more like equity.”

Source: [...]

 
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May 17, 2019

As Quibi reportedly seeks another $1 billion, Fiction Riot fills the programming slate for its rival service

Even as Quibi, the short form video platform from Jeffrey Katzenberg’s WndrCo, reportedly looks to raise another $1 billion, rival service Fiction Riot continues to steadily build out its pipeline of short form serials.

The Los Angeles-based company has already launched a beta version of its streaming service, Ficto, and yesterday announced a host of new shows that will appear on the app later this year.

Ficto is bringing to market adaptations of bestselling books and original productions which will be released with theatrical films and has plans in the pipeline for other forms of scripted and unscripted entertainment.

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