September 20 – 5 Key Stories From The Digital World

By September 19, 2019 Insight

1. Wing kicks off drone deliveries from Walgreens and FedEx Express in Virginia

  • From Walgreens, the first retail pharmacy to partner with Wing in the U.S., drone fleets will ferry over-the-counter medicines and other wellness items to folks’ homes
  • on the FedEx Express side, recipients living within designated Christiansburg zones who opt in will receive some shipments via drone, in customized boxes
  • Wing says most deliveries are fulfilled within about 10 minutes…demonstrate the benefits of drone delivery by improving access to health care products, creating new avenues of growth for local businesses, and exploring ways to enhance efficiency of last-mile delivery service

2. Brooklyn Nets guard Spencer Dinwiddie is planning to release a digital token for others to invest in his contract

  • looking to convert his contract into a digital investment and take a lump payment upfront…securitize his NBA contract as a digital token
  • extension would bring him more than $34 million over a three-year period, but sales of the digital token would allow him to raise a significant portion of that sum upfront
  • may look to maximize investor returns once his three-year contract is up, introducing a new variable to the negotiation landscape

3.  How Los Angeles Football Club uses technology to score with fans—and foil scalpers

  • league-wide partnership with Second Spectrum—the sports technology company that uses machine learning, data visualization, and augmented reality for training and viewing
  • created front-facing features like easy mobile ticketing, digital parking passes, a mobile app that fans want to download, and stadium-wide Wi-Fi that works so well fans can upload pics to Instagram while the game is being played
  • working on using Apple Pay, which is one of their partners, to make it easy for fans to place their beer and pizza orders at the snack bar ahead of time through Apple Business Chat

4. A Look at Goldman Sachs’ Venture Funding Spree

  • 58 known companies so far this year that have received venture funding from the global investment banking firm
  • Goldman is on track to match its record-setting 2018 in 2019, reaching what could be a new normal for a financial institution more associated with banking than venture investing
  • recent deals include Canadian cybersecurity startup Trulioo…GitLab; insurtech startup Ethos…and H2O.ai

5. Airbnb To Go Public In 2020

  • Since its founding in 2008, Airbnb has raised a total of $4.4 billion…includes venture funding and debt financing…company also engaged in a number of secondary market transactions
  • The company’s last known private market valuation, from its March 2017 tranche of its Series F round, was approximately $30.5 billion
  • The company gave a peek into its finances on Wednesday, saying in a statement that it had more than $1 billion in revenue in the second quarter of 2019…second time Airbnb has surpassed that level of revenue in its history