Even the Most Interesting Man in the World couldn’t make Luma work as standalone company

 Luma, a three-year-old, Atlanta, Ga.-based maker of smart WiFi routers, has been acquired by First Alert, a maker of smoke and carbon monoxide detectors that is itself a subsidiary of Newell Brands, a public company whose other holdings include Rubbermaid. Terms of the deal aren’t being disclosed, but Luma had attracted $22 million from investors, including Relay Ventures, Accel… Read More

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Latin America’s Groupon Mafia

 The founders of PayPal and its employees have produced many highly successful companies over the years. Often referred to as the “PayPal Mafia” because they’ve had such an impact on the startup ecosystem, this serial entrepreneur success story is reminiscent of a similar phenomenon taking place in Latin America. The story starts with another U.S. company, Groupon. Read More

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Accel launches UC Berkeley mentorship program

 Sometimes it seems like Stanford gets all the VC attention, but there’s another great school in the Bay Area. UC Berkeley is the top-ranked public school in the country and renowned venture firm Accel is making an effort to get to know its community. The team is launching Accel Scholars, a program to mentor a select group of electrical engineering and computer science students. Accel… Read More

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