Uber is aiming for an initial public offering in 2019, according to CEO Dara Khosrowshahi. "We have all of the disadvantages of being a public company, as far as the spotlight on us, without any of the advantages of being a public company," he said.
A survey by the National League of Cities found that 51% of city leaders described their relationship with companies such as Lyft, Uber and Airbnb as good. The study also found that 62% of cities support a sharing economy.
Airbnb anticipates the Chinese market to be its largest source of customers by 2020 and is ramping up operations in the country. "It's our second-fastest growing country in the world for outbound travel, second only to the US," co-founder Nathan Blecharczyk said.
In general, investors tend to back startups that are near them, but data suggest that this local loyalty has diminished in recent years, writes Jason Rowley. Different types of investors have different preferences, with corporate venture capital operations most likely to back out-of-state startups.
One key to getting talented engineers to commit to your company is to determine which factors are motivating them, says Adil Ajmal, who notes that money should not be their only consideration. Ajmal, who has been an engineering leader at companies such as Amazon and Intuit, notes that it's important for companies to maintain enthusiasm throughout the interview process to make sure job candidates are excited about the opportunity.
Every organization develops its own jargon, but companies should ditch the obscure terminology when interacting with customers, writes Patrick Leddin. "Most customers don't care about your language; they already speak their own language," he notes.
The definition of the term "seed stage" has broadened to include startups that have raised anywhere from $250,000 to $5 million, writes Noah Jessop. It's important to remember that there are potential downsides to raising too much money too quickly, and entrepreneurs may become distracted from the need to execute, he writes.