Robinhood is fintech’s newest unicorn (valuation $1.3B) having raised a massive $110M financing yesterday led by Yuri Milner’s DST (whose managing partner will also be speaking at the event).
Robinhood, which offers a zero-fee stock trading app, has 2 million users and is a fintech company that some say is growing like an internet company. The company is adding 140,000 accounts per month and per TechCrunch, that is more new accounts than E-Trade had in all of 2016.
Ballot stuffing aside, it’s Reddit — so it’s really the comments that are gold. We’ve shared some below. Check out The Industry Standard for the full Reddit thread.
A lot of folks object to the Macbook Air being in the final 4.
This comment about the Amazon Dash button is like every comment ever on Hacker News. There is a special group of engineers that can build every product in a couple of hours with the spare parts in their desks or with a few lines of code.
Are you someone important? Do you like to eat?
Join us in New York on May 16th as we host a dinner for senior VC, corporate M&A, and strategy folks to discuss the state of AI. Request an invite here.
French tech highs
Financing to private French tech companies in 2017 is set to potentially outpace 2016, based on the Q1’17 deals and dollars run rate. Deal and dollar activity had already reached a 5-year high in 2016, growing 109% and 63%, respectively, over full-year 2015.
Gotta admit that when this happened in Round 1, we chuckled as well.
I learned that the UK doesn’t have cronuts. Again, the impact of Brexit has been worse than I’d imagined.
Airbnb’s patent activity
Using our patents search engine, we identified a newly-published patent application from Airbnb, which was originally filed in October 2016. The patent application, titled “Beam Device Architecture,” describes a system to compress cellular data, allowing people to more easily go online in areas of limited internet connectivity.