Is AI the next big thing? | A closer look at Theranos' financial health | Auto union president addresses talk of Tesla organization
February 17, 2017
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The Lead
Is AI the next big thing?
Silicon Valley hype -- and venture capital dollars -- continue to focus on artificial intelligence startups, but it remains to be seen whether the technology represents a fad or a paradigm shift. "In five years artificial intelligence could exist as a layer of capability atop every business process, from customer service and marketing to product development and sales, across every industry," writes Erin Griffith.
Fortune (2/17) 
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Today In Startups
A closer look at Theranos' financial health
Theranos, which has faced scrutiny over the accuracy of its blood tests and is being sued by an investor and former retail partner, had about $200 million in cash at the end of last year, sources say. The company reportedly lacked material revenue in each of the past two years.
Business Insider (2/16),  The Wall Street Journal (tiered subscription model) (2/16) 
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Auto union president addresses talk of Tesla organization
Dennis Williams, president of the United Auto Workers, said the organization has been in contact with Tesla workers and noted that any unionization decision will "be determined by the interest of employees." He denied an allegation by Tesla CEO Elon Musk that the organization paid a worker who publicly voiced concerns about the company.
Reuters (2/16),  Reuters (2/16) 
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Make Your Startup Better
How to develop an effective product road map
Encouraging people from across your company to share ideas can help you build an effective product road map. It's best for managers to avoid basing a road map around specific dates and to reject features that don't align with the overarching vision, says Janna Bastow, co-founder of Mind the Product.
Inside Intercom blog (2/15) 
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The hardest parts of being a first-time entrepreneur
Building a business is rife with challenges, as you may face issues with self-doubt and trouble hiring the right people, writes Kristel Kruustuk, founder of Testlio. As you struggle to find a way forward while weighing input from various people on your team, the key is to "just be true to yourself," she writes.
Medium (2/15) 
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Funding, IPOs and Acquisitions
When Entrepreneurs Fail
What happens when a company isn't fulfilling its larger purpose?
Shereef Bishay, founder of Dev Bootcamp, found success with a program to teach people how to code in a short period of time. But he eventually realized that the boot camps were not accomplishing his larger purpose so he sold the business and started a new venture.
FastCoExist (2/15) 
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Because boot camps worked so well, they've now stopped working.
Shereef Bishay, founder of Dev Bootcamp, as quoted by FastCoExist
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