Foundation finds strong growth among startups outside Silicon Valley | Boeing makes investment in autonomous-flight startup Near Earth | Mobile fintech startup to offer bank accounts
October 20, 2017
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Foundation finds strong growth among startups outside Silicon Valley
The metro areas where startups are experiencing the fastest growth are Washington, D.C.; Austin, Texas; Columbus, Ohio; Nashville, Tenn.; and Atlanta, according to the Kauffman Foundation's Growth Entrepreneurship Index. But San Jose, Calif., and San Francisco weren't far behind, holding the sixth and seventh spots in the ranking.
VentureBeat (10/19) 
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Today In Startups
Boeing makes investment in autonomous-flight startup Near Earth
Boeing HorizonX, the venture capital arm of aerospace giant Boeing, has formed a partnership with autonomous-flight startup Near Earth Autonomy and made a significant investment in the company. The partnership will focus on products and applications for uses such as urban mobility.
GeekWire (10/19) 
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Mobile fintech startup to offer bank accounts
Low-income Americans will soon be offered free bank accounts by Stash, a mobile financial-technology startup that gives people a way to make micro-investments. The accounts will be offered through a partnership with a licensed bank and will be covered by the Federal Deposit Insurance Corp.
Reuters (10/19) 
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Is WeWork more than a real estate business?
WeWork has attracted investors and amassed a valuation in excess of $20 billion, making it one of the most valuable startups in the world. The company compares itself to other massive startups such as Airbnb and Uber, but some critics say it is essentially a real estate business.
The Wall Street Journal (tiered subscription model) (10/19) 
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Tech companies turn to apprenticeships to cultivate tech talent
Pinterest, which offers an apprenticeship program to foster tech talent, is one of several companies looking beyond traditional sources to find job candidates. Pinterest's Candice Morgan said the unique backgrounds of its apprentices give them a fresh perspective.
Fast Company online (10/19) 
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Make Your Startup Better
Hire employees who strengthen your culture
Culture is a key component of startup performance, so you shouldn't overlook the importance of personality when making hiring decisions, writes Joseph Kaupp, CEO of Bainbridge Health. "Incorporating self-awareness about your team's personality into your hiring process will help foster a healthy balance of different, but compatible personalities," he writes.
Forbes (10/19) 
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Experts find best leader for startups is entrepreneur, researcher hybrid
The future of the state's burgeoning life sciences and medical technology environment could be composed of startups that result from companies led by a hybrid skilled CEO and an innovative researcher or scientist, industry experts said during a University of Maryland School of Pharmacy roundtable. (10/9) 
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4 lessons for bringing a product to market
David Burnett, who came up with the idea for Tac-Clamp while serving as a Chinook helicopter crew chief, has encountered challenges while trying to build the business. He advises other entrepreneurs to stay patient, select partners carefully, maintain focus and put off licensing deals until the product is established.
Inc. online (10/19) 
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Funding, IPOs and Acquisitions
When Entrepreneurs Fail
Tuft & Needle hit with lawsuit over advertising practices
Tuft & Needle is facing a lawsuit filed by Mattress Firm involving allegations of "false, unfair, and disparaging advertising." Mattress Firm's complaints involve Tuft & Needle's Google advertising practices in addition to a billboard that was created by the company.
FastCoDesign (10/19) 
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Any company is only as strong as the underlying culture it creates and reinforces.
Joseph Kaupp, CEO of Bainbridge Health, writing at Forbes
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