Inscripta, which says it has discovered an enzyme known as CRISPR-MAD7 that could be used to edit genetic code, says it wants to make the enzyme widely available. The startup is planning to make money by selling machines to scientists.
Grocery delivery services Shipt and Instacart have grown significantly since Amazon's acquisition of Whole Foods Market, as supermarket chains around the country rushed to implement online shopping options. Instacart will be operating in more than 170 markets by year's end, and Shipt plans to be in 140 markets by the end of next year.
Blue Origin, the space company backed by Jeff Bezos, held an inaugural flight for its Crew Capsule 2.0 this week with a dummy aboard to collect data about the types of forces that passengers might experience. Blue Origin is aiming for manned flights by early 2019.
Most of your success or failure during the fundraising process can be attributed to your business concept and your team, but following a sound process can improve your odds, says Kevin Ryan, who has helped to raise $750 million for startups. He offers a six-step process that involves lining up meetings and being strategic about the order in which you pitch venture capital firms.
You will gain access to more data and sources of advice as your company grows, but you shouldn't ignore the instincts that have fueled your initial success, writes Chris Savage, CEO of Wistia. "When your company is aligned with your instincts, every stakeholder is on the same page about the direction the company is headed," he notes.
Paying attention to global trends, doing your research and embracing diversity are key steps for achieving your goals, entrepreneurs say. "By opening up to diversity, you will receive feedback from a multitude of backgrounds, which can strengthen your business in ways you never thought possible," notes Christina Kelmon of Belle en Argent.
Guido Schmitz-Krummacher has resigned from his post as a board member at the Swiss foundation that carried out a funding round worth $232 million for the Tezos cryptocurrency project. Infighting has plagued the project, and it was reportedly the reason for Schmitz-Krummacher's resignation.