How to capitalize on a product leak | Questions raised over startup's pay-to-participate plasma study | Sources: Lyft grew revenues, losses in 2016
January 13, 2017
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The Lead
How to capitalize on a product leak
Amazon acted quickly to take advantage of the buzz after news of its third-generation Kindle leaked on April 11, 2011. The Kindle team was prepared for this type of situation so, rather than denying the news, the team officially announced the device less than an hour after the leak occurred.
First Round Review (1/10) 
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Today In Startups
Questions raised over startup's pay-to-participate plasma study
Biotech startup Ambrosia is charging $8,000 for participants older than 35 to join a clinical trial of 2-liter infusions of plasma from young donors. "People want to believe that young blood restores youth, even though we don't have evidence that it works in humans," said Stanford University neuroscientist Tony Wyss-Coray, who has studied aging in mice and is conducting a small clinical trial but is not affiliated with Ambrosia.
MIT Technology Review online (free registration) (1/13) 
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Sources: Lyft grew revenues, losses in 2016
Lyft lost $600 million last year while generating $700 million in revenue, sources said. That translates into gains of 250% in revenue and 46% in losses, respectively.
CNBC (1/12),  Bloomberg (1/12) 
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Make Your Startup Better
How this entrepreneur moved on after her business closed
Even after her business closed, entrepreneur Bea Arthur found that she was reluctant to sell her domain name and move on. "Being nostalgic and remorseful about what could have been was holding me back from my potential to create something new," notes Arthur, who eventually closed a new deal.
Forbes (1/12) 
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Tackling a fear of public speaking
Alex Turnbull, CEO of Groove, turned down speaking opportunities for years before eventually facing his fear of public speaking and accepting a spot on a podcast. The truth is that most fears are irrational, he writes, and the only way to overcome them is to do what terrifies you.
Groove blog (1/12) 
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Funding, IPOs and Acquisitions
When Entrepreneurs Fail
Entrepreneurs pivot from social connections to sneakers
Daishin Sugano was able to raise $1.6 million in seed money for Grubwithus, which was designed to help people make new social connections, but he and his co-founder eventually realized there just wasn't enough value in the idea. They regrouped and launched a sneaker marketplace known as GOAT, inspired by when Sugano was sold knock-off shoes on eBay.
Medium (1/12) 
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It's easy to avoid something just because you're scared of it. I did that for a long time. But it won't help you.
Alex Turnbull, CEO of Groove, writing at the Groove blog
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