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Posts Tagged ‘Starbucks’

Should your company move into a co-working space, sublease space or traditional office?

It’s a cautionary tale we hear far too often: Company A, hiring staff and growing rapidly, finalized a 10-year lease for office space. One week after move-in they had filled their space to the brim... ...

Startups Weekly: Will the real unicorns please stand up?

In this week's newsletter: CrowdStrike readies its IPO, Brex eyes a $2B valuation and SoFi lands a whopping $500M. ...

Allbirds, Everlane investor Maveron turned away more than $70M for its latest fund

Maveron, a venture capital fund co-founded by Starbucks mastermind Howard Schultz, has closed on another $180 million to invest in early-stage consumer startups. The capital represents the firm’s seventh fundraise and largest to date. To keep the fund from reaching mammoth proportions, the firm’s general partners said they turned away more than $70 million amid ...

Startups Weekly: VCs are ***** on beverage startups

In this week's newsletter: Y Combinator has a new president, DoorDash raises $600M and startups go on acquisition sprees. ...

Why Luckin’s ultimate target may not be Starbucks

Starbucks plans to double its store count in China to 5,000 in 2021 and Luckin, a one-year-old coffee startup, is matching up by aiming to reach 4,500 by the end of this year. Luckin’s upsized $651 million flotation has brought American investors’ attention to this potential Starbucks rival in China, where the Seattle giant controlled ...

Starbucks’ Chinese nemesis Luckin Coffee surges 20 percent in public debut

Shares of Luckin Coffee jumped 20 percent in its first day of trading on the Nasdaq stock market. After opening at $17.00, shares of the Chinese Starbucks competitor climbed as high as $25.96, or more than 50 percent, before settling back down to $20.38 at the market’s close. The company has a market cap north ...

Reality Check: The marvel of computer vision technology in today’s camera-based AR systems

Augmented reality has the potential to instill awe and wonder in us just as magic would. For the very first time in the history of computing, we now have the ability to blur the line between the... ...

Luckin Coffee plans to raise over $500M in US IPO

Luckin Coffee, the ambitious Chinese upstart that’s going after Starbucks, could raise nearly $600 million from its upcoming IPO. That’s according to a price range released by the Chinese startup. In a new filing, Luckin said it plans to sell 30 million shares at an initial range of $15-$17. That gives an estimated raise of ...