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China created 46 startups worth at least $1 billion in the five years since 2012 — 80% of all of Asia’s unicorns

Shanghai and Beijing are still behind Silicon Valley by a good margin in terms of total funding dollars and unicorn creation, but the Chinese cities are growing quickly.

Jay-Z has quietly filed paperwork to launch an investment firm that may be named after his childhood home

Along with Walden Venture Capital managing director Lawrence Marcus and Roc Nation president Jay Brown, Jay-Z, otherwise known as Shawn Carter, is creating another fund, called Marcy Venture Partners.
Tom Bender and Greg Hochmuth.

Former Google and Instagram engineers got millions to take TV into the future — here’s what it looks like

"Longform, professional vertical video is the next trend in television," says Dreams cofounder and former Google product manager Tom Bender.

Top investors gambled $12 million on the blockchain equivalent of Beanie Babies. Now, sales are plummeting.

Andreessen Horowitz and Union Square Ventures gave CryptoKitties, a blockchain game for digital collectibles, $12 million in March. But hardly anyone is buying or selling them anymore.
Ryan Quigley and Joel Wishkovsky, co-founders of Simple Contacts.

These two entrepreneurs came up with a way for you to get new prescription contact lenses without ever having to leave your house

Joel Wishkovsky and Ryan Quigley are the co-founders of Simple Contacts, a company that lets contact-lens wearers take eye tests and update their prescription through an app.

This former Wall Streeter turned down $2 million and pays herself less than her interns in order to build her company on her own terms

"There's no such thing as a free lunch," says Kimberley Ho, founder of Evereden. "With VC funding, strings always comes attached."

This MIT grad just got millions to build an entire fashion brand that’s inspired by algorithms

Jessie Zeng is building a fashion site called Choosy that creates outfits inspired by the top trending posts on Instagram. Its secret ingredient? Algorithms.

5 years ago, the stock-trading app Robinhood was rejected by 75 investors — now it’s worth $5.6 billion

Robinhood, a zero-fee stock-trading app popular among millennials, confirmed its most recent funding round of $363 million, placing the company's worth at $5.6 billion. Its cofounder Vlad Tenev also said Robinhood would buckle down on its crypto offerings in the coming months.