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The latest news on Startups from Business Insider

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    Minneapolis Minnesota

    Silicon Valley has long reigned as the tech capital of the US.

    But as the cost of living continues to skyrocket, San Francisco Bay Area residents are fleeing the region in droves. In fact, San Francisco lost more residents than any other US city in the last quarter of 2017.

    For many, it's time to start looking for other options — but where? 

    Compensation monitoring site Comparably narrowed it down to the 10 cities that are emerging as new tech hubs. Comparably also compiled the local salaries of some of the most popular tech jobs by analyzing more than 8,000 anonymized salary records from employees at U.S. tech companies. 

    Here are the 10 emerging tech hubs from around the country, along with what local employees make each year. 

    SEE ALSO: These 10 popular tech jobs are perfect for people without a tech background — here's how much they pay

    Atlanta, Georgia is home to Coca-Cola, UPS, and Home Depot, but it's also becoming a tech hot-spot.

    Here are the average salaries in Atlanta:

    Junior developer: $68,330

    Developer: $86,214

    Senior developer: $112,573

    IT Manager: $120,695

    Project Manager: $102,390

    Sales representative: $113,576

    According to Comparably, the median rent for a one-bedroom is $1,010 per month, while a two-bedroom will run you $1,160 per month

    Baltimore, Maryland is surrounded by several universities, and its tech talent pool rose 42% between 2010 and 2013.

    Here are the average salaries in Baltimore:

    Junior developer: $70,925

    Developer: $96,290

    Senior developer: $124,201

    IT Manager: $115,927

    Project Manager: $104,853

    Sales representative: $126,255

    According to Comparably, the median rent for a one-bedroom is $940 per month, while a two-bedroom will run you $1,180 per month

    Boulder, Colorado continues to attract tech talent and venture capital funding from major cities across the US.

    Here are the average salaries in Boulder:

    Junior developer: $69,013

    Developer: $90,688

    Senior developer: $123,027

    IT Manager: $105,123

    Project Manager: $102,168

    Sales representative: $107,925

    According to Comparably, the median rent for a one-bedroom is $1,140 per month, while a two-bedroom will run you $1,400 per month

    See the rest of the story at Business Insider

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    structure capital partners mike walsh jillian manus jacob shea

    • Sharing economy companies like Uber, Airbnb, and Wag put under-utilized assets — such as people, spaces, and vehicles — to work.
    • In San Francisco, a venture capital firm called Structure Capital invests exclusively in sharing economy companies that aim to reduce waste.
    • We talked to founding partner Mike Walsh and his partners, Jillian Manus and Jacob Shea, about how Structure Capital came to dominate sharing-economy investing.


    Mike Walsh is a member of the Uber rich, meaning he's über rich off the ride-hailing service.

    In 2010, a mutual friend introduced him to Ryan Graves, who worked an IT specialist job and was considering a move to San Francisco to help build something called UberApp. After Graves explained the concept, Walsh saw "the common sense approach" for someone, like a limo driver, to make money with an asset, a vehicle, that was under-utilized. He told Graves to take the job.

    Graves became the first employee of Uber, and as a show of thanks, he, Travis Kalanick, and Garrett Camp (another cofounder) offered Walsh an opportunity to invest in the company.

    He accepted. Since 2010, Uber's valuation has soared from $5.4 million to around $72 billion, netting Walsh huge returns on paper, which he declined to share with Business Insider.

    Today, Walsh helps runs Structure Capital, an early-stage venture fund that he started in 2013 with some of the earnings from his Uber deal. The fund invests almost exclusively in sharing economy companies whose goal is to reduce waste by putting under-utilized assets — such as people, spaces, and vehicles — to work. He manages the firm alongside partners Jillian Manus and Jacob Shea.

    Together, they call themselves the "architects of the zero waste economy."

    Companies backed by Structure Capital range from Wag, an "Uber for dog-walking" app, to Peerspace, which lets users book meeting rooms, event venues, and filming locations by the hour, to Honk, a company that provides on-demand roadside assistance as fast as Uber hails a car. As a cohort of startups, they aim to make the sharing economy the dominant marketplace.

    We talked to Walsh and his partners, Manus and Shea, about how Structure Capital came to be.

    Structure Capital raised a VC fund on the back of Uber's success

    In 1999, Walsh cut his first check as a hobby venture capitalist to a little-known cloud software company called He said he used the company's product as a customer first and liked it.

    After Salesforce went public in 2004, Walsh, who was then running Leverage Software, a startup that brought social networking to enterprises, sold half of his stock and continued to build his company. He had already given the other half to his dad, a plumber, as a birthday present.

    Lightning struck twice when Walsh signed on as one of the first committed investors in Uber in 2010 and saw massive returns, which encouraged him to focus full-time on venture. He pitched a couple of venture firms on taking him on as a partner, but they weren't hiring, Walsh said.

    Instead, he started his own fund. He put about $300,000 of his Uber stock into the pot and offered to share the returns with other limited partners who invested in the fund. It was a "marketing tool," Walsh said. Within six months of starting the fund, his Uber investment grew to $3 million as new investors gave the ride-hailing startup higher and higher valuations.

    Structure Capital raised $10 million from dozens of investors for its first fund.

    FILE PHOTO: A photo illustration shows the Uber app on a mobile telephone, as it is held up for a posed photograph, in London, Britain, November 10, 2017. REUTERS/Simon Dawson/File Photo

    Walsh later recruited Shea, a veteran coder who previously held consulting positions at Dell Computers, Qualcomm, the NFL, and Pixar, to bring technical expertise. Manus, a prolific angel investor in her own right, joined the firm as managing partner in 2013 and put in $1 million of her own money. She is a marketing guru who knows everyone, according to Walsh.

    Here's why the sharing economy matters

    Walsh had built a reputation for spotting billion-dollar-plus "unicorns." In the early days of Structure Capital, he was already receiving around 100 pitches per month. At first, he only took meetings with sharing economy companies simply as a way to "filter" his inbox, Walsh said.

    But a more concrete investment thesis started to take shape: The sharing economy was good for the environment, the community, and the pocket book, Walsh said he began to realize.

    "Growing up in a lower-middle class neighborhood in the industrial town of Worcester, Massachusetts, I was accustomed to hand-me-downs, sharing of things like tools and shovels, and — at times — even taking advantage of free food programs. My dad hustled to make a living, but oftentimes, there just wasn't enough work to go around in the mid-70s," Walsh said.

    His background taught him "a couple really valuable lessons" at the core of his thesis.

    He went on, "People, generally, want to do whatever they can to provide for their loved ones. Skills marketplaces allow people to find work to supplement their incomes or try new things. Uber, Wag, Feastly, and Laurel and Wolf are great examples of this. These companies allow individuals to earn an income while 'waiting' for things to turn around, or to discover new passions."

    He added that the sharing economy helps people and companies "do more with less"— a necessity as the global population grows and the world's natural resources deplete.

    "The bonus is that our companies make money and we benefit, as do our investors," Walsh said.

    Structure Capital wants to build a new wave of 'Ubers'

    Structure Capital reaches into all corners of the sharing economy — a market that's expected to reach $40.2 billion in revenue in 2022, up from $18.6 billion in 2017, according to Juniper Research. Its portfolio companies let hair stylists rent salon space, freelancers find a meeting room, and women invite other women into their homes for unique networking opportunities.

    Some companies have a more literal interpretation of the "zero waste economy." A company spun out of MIT called LiquiGlide invented a slippery coating that allows viscous liquids (think toothpaste, ketchup, and glue) to slide out of any container with ease. Structure Capital said the company will start supplying the material to a top toothpaste brand for a percentage of every tube sold.

    Another portfolio company, Copia, sends drivers to pick up uneaten food from enterprises and events and delivers it to nonprofits in need. Its customers then get to write off the donation as a tax deduction. Copia recovered enough food from the Oscars last year to feed 1,000 hungry people.

    Structure Capital has invested in approximately 140 companies to date.

    Walsh said one of the first thing he asks himself when he's evaluating a startup is: "Do we think we know a thousand people, socially, who will use this thing?"

    Ultimately, the decision of whether or not to invest comes down to a gut check.

    He asks himself if the founders are "people we want to hang out with" and, most importantly, people who "treat people the way we think people should be treated," Walsh said.

    SEE ALSO: Venture capitalist Jillian Manus throws the most exclusive and outrageous parties in Silicon Valley — take a look inside

    Join the conversation about this story »

    NOW WATCH: Silicon Valley heavyweights are trying to fix the lack of diversity in tech – here's how

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    Jyoti Bansal

    • Jyoti Bansal sold his app-analytics company AppDynamics to Cisco for $3.7 billion last year.
    • Now he's building another company and paying close attention to what his potential customers have to say as he builds it.
    • Bansal emphasizes that entrepreneurs should spend time getting to know their customers in order to build a successful company.


    Jyoti Bansal is a serial entrepreneur and the founder of app-analytics company AppDynamics, which he sold last year to Cisco for $3.7 billion. Now, Bansal is building a software-automation company,, and he's carefully considering his earlier success in informing the structuring of his newest venture.

    In an interview with Business Insider, Bansal revealed his key piece of advice to entrepreneurs who are set on building billion-dollar businesses.

    "Start by finding customers for your business," said Bansal. "You should be able to find 100 potential customers to talk to. The one mistake most founders make is not talking to customers. It's not easy to find those people, but it's 100% worth the effort."

    In building both AppDynamics and his current company, Bansal said he reached out to potential customers through cold calls, scouring LinkedIn, and sending out emails. 

    "To talk to 100 customers, you'll probably need to contact around 1,000 people," Bansal said. "Be scrappy. Find people who can introduce you to them. The only way to know how much potential there is for a company is if you find people whose problems you're able to solve effectively."

    Bansal said in Silicon Valley, entrepreneurs are often preoccupied with the advice of their investors over the needs of the customers they're attempting to meet. "It's really important that you get out of that Silicon Valley ecosystem," said Bansal.

    In building, Bansal said he spends the majority of his time talking to his customers. "I made 150 customer calls personally for, even before I decided to launch," he said.

    Bansal said he isn't attempting to ride on the success of AppDynamics in building 

    "Our goal was to stay humble, and the only way to stay humble is to talk to customers," said Bansal. "Customers don't care who you are. If they don't like what you're doing, they'll tell you. Listening to them is what makes a real business."

    Join the conversation about this story »

    NOW WATCH: How a tiny camera startup is taking on Amazon and Google

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    The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase.


    • FoundersCard is an exclusive membership for startup founders, CEOs, entrepreneurs, and just about anyone with that "innovator" mindset.
    • Until Friday, FoundersCard members can enroll in a status challenge to get complimentary Mosaic elite status with JetBlue.
    • Until June 1, FoundersCard is offering a discounted rate exclusively for Business Insider readers, and a waived initiation fee. To get the discount, you'll have to apply through this page.
    • Read our full review of FoundersCard here.

    Update, 5/16/18: Although there may not be enough time to apply for FoundersCard and be approved before the JetBlue promotion ends, FoundersCard constantly brings in new offers, including limited time ones. Some offers also become available periodically through the year, so having an active membership means you can take advantage of future limited-time ones.

    FoundersCard, a private membership club for entrepreneurs, innovators, and startup creators, offers a tremendous amount of potential value for people in those categories. As well as access to exclusive networking events, FoundersCard provides members with discounts and VIP perks with a ton of different travel, retail, lifestyle, and business service partners.

    While it isn't for everyone, people can definitely get more than enough value from FoundersCard's various benefits to make up for the membership fee — normally, this fee is $595 each year plus a $95 enrollment fee. However, FoundersCard is offering an exclusive discounted rate for Business Insider readers— $395 per year with a waived enrollment fee.

    One of the great things about FoundersCard is that its team is constantly working on the benefits selection, adding new permanent benefits or limited-time offers all the time.

    FoundersCard recently announced a new promotion that can benefit frequent flyers and JetBlue fans— you can get a complementary elite status match to JetBlue Mosaic when you show that you have status with another airline. However, you'll need to enroll in the status challenge before this Friday.

    JetBlue Mosaic status comes with perks including waived change and cancellation fees, free checked bags, early boarding, a dedicated customer service phone line, bonus TrueBlue points on every flight, complimentary alcoholic drinks, and more.

    In order to qualify, you'll need mid-level status or higher with another US airline this year. You'll be upgraded to Mosaic status around June 1, and you'll keep the status without having to re-qualify until December 31.

    This is just one of a few airline-related offers that FoundersCard members get — to learn more about what a membership has to offer, read our full review.

    If you've been debating signing up for FoundersCard and expect to fly JetBlue before the end of the year, this is a great time to apply. And remember, Business Insider readers who apply through the links here get an exclusive discounted annual rate.

    Click here to learn more about FoundersCard's offer exclusively for Business Insider readers.

    SEE ALSO: Most people probably haven't heard of the FoundersCard — but its members have access to excellent VIP benefits and exclusive discounts

    Join the conversation about this story »

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    The Insider Picks team writes about stuff we think you'll like. Business Insider has affiliate partnerships, so we get a share of the revenue from your purchase.

    Day market tote

    Cult-favorite basics brand Everlane has steadily been taking over as our number one shopping destination for all things sleek, pragmatic, and minimal. 

    The brand excels at creating timeless styles with a touch of modern flair, and always keeps practicality top of mind when putting out new designs. There's a reason we write about them so much, and it has everything to do with the fact that their clothing, shoes, backpacks, and travel essentials are truly some of the best out there. 

    Another major incentive is the value. As a direct-to-consumer company, Everlane is able to produce everything in ethical factories with benefits and living wages for workers, all while keeping their costs down and passing on savings to the rest of us. 

    So whether you're already a die-hard fan who wants to know what other loyal shoppers are buying or you're relatively new to the brand and want a few recommendations, we've put together a list of Everlane picks that our team loves and wears in their daily lives. 

    Check out all the men's and women's Everlane pieces we swear by below:

    The Modern Loafer Mule (women's)

    Modern Loafer Mule, available in six colors, $155

    I have two pairs of these mules — one in white and one in black (though they come in tons of colors, including new suede options). They serve the same purpose and have a similar aesthetic as their traditional loafers, but with no blistering on the heel — which is a major consideration for someone who walks as much as I do. These took a little bit of time to break in before they felt truly comfortable and walkable, but at this point they are probably my most-worn shoes. I pair them with everything from denim and a T-shirt to silky slip dresses to plaid pants and oversized button-downs. They're super versatile, sleek, and cute!  — Sally Kaplan, Insider Picks editor

    The Cashmere Crew (women's)

    Cashmere Crew, available in 14 colors, $100

    I tried to avoid buying this sweater even though I knew I'd love it because I don't typically spend $100 on anything, but the price is just too good. I'm glad I took the plunge because I love it. I wish I had it in every color, but the classic black one I chose is definitely the most versatile color choice. It's soft, luxurious, and warm for cold winter days. — Malarie Gokey, Insider Picks guides editor

    The Day Market Tote (women's)

    Day Market Tote, available in seven colors, $165

    Last summer, I got my hands on the cognac tote popularized by bride-of-the-moment Meghan Markle and it has rarely left my side since. You can tell, too. While it was stiffer when I first got it, the leather has weathered beautifully into a soft material that has obviously received a lot of love through multiple uses. The handle length is just right and the bag is surprisingly sturdy. In addition to essentials like my wallet, sunglasses, and a light cardigan, I lug around a large 40-oz. water bottle in it and it doesn't break a sweat.

    The simple, elegant design makes it a versatile and polished choice, whether you're going to work or heading out for drinks. I'm personally a big fan of the rosy, warm color options, like Blush and Light Taupe. — Connie Chen, Insider Picks reporter

    See the rest of the story at Business Insider

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    • Few of us have the time or the will to research, prep, buy, measure, and blend healthy foods into delicious smoothies, chia parfaits, or soups.
    • Daily Harvest is a subscription service that sends healthy, pre-portioned superfood eats to your home either weekly or monthly.
    • I tried Daily Harvest's smoothies and was pleasantly surprised. All of the smoothies, while definitely healthy, tasted extremely good. 
    • In terms of prep, everything could not have been easier to make. Daily Harvest smoothies solved virtually all of my healthy food obstacles.

    Ever wished you could have those delicious, super healthy smoothies you see on Instagram without the nutrition degree or piles of perishable ingredients? So did Rachel Drori, a busy mom living in New York.

    As a result, she founded Daily Harvest — a subscription service that will send healthy, pre-portioned superfood eats to your home either weekly or monthly. The food combinations are developed by a nutritionist and chef, and the company is backed by big names like Gwyneth Paltrow and Serena Williams.

    It's not hard to see why it's so popular: Few of us have the time or the will to research, prep, buy, measure, and blend healthy foods together habitually. Daily Harvest gets those super smart, balanced foods into your freezer and requires zero thought beforehand and almost zero prep (about 30 seconds' worth).

    Extra bonus: According to the company, apples you buy in the grocery store are picked over a year before you get to them. They lose much of their nutritional value along the way. Daily Harvest ingredients are "always picked at peak maturity, then flash frozen to maintain farm-fresh nutrient density and flavor, without using preservatives or added sugar." Frozen foods can be delicious and healthy, even if the word makes you first think about the soft beans in your "vegetable medley" bag.

    Right now, Daily Harvest delivers to 95% of the US, though they're not currently shipping outside the continental states.

    Here's how it works:

    1. Build your box: Choose any combination of superfood eats (smoothies, overnight oats, chia parfaits, soups, and sundaes) to be delivered to you. You can even choose foods based on dietary needs, key benefits, and your likes and dislikes via options found in the top-most bar.Screen Shot 2017 10 09 at 2.54.27 PM
    2. Check your doorstep: The pre-portioned cups will arrive at your doorstep ready to be popped in the freezer/blended/heated up — whatever the minimal instructions or your schedule demand.
    3. Make it: Just open the lid, add the recommended liquid base and blend, soak, or heat. The cups are meant to be their own carrier, so you can drop the ingredients into a blender or pan, heat or blend them, and then drop them right back into the same container. Minimal cooking and minimal cleanup.

    Screen Shot 2017 10 09 at 2.52.38 PM


    You can opt for weekly or monthly deliveries.

    If you choose weekly, you can get 6, 9, 12, or 24 cups per week. The price per cup decreases the more you order. For 6 cups a week, it’ll be $7.99 per cup (about $48 total, or $7.99 a day) and for 12 it'll be $7.49 per cup (about $90 total, or $13 a day). See more prices here.

    If you choose monthly, you’ll be sent 24 cups per month ($6.99 per cup, $167.76 total before taxes), which works out to about $6 a day.

    Use the promo code "businessinsider" and get 3 free smoothies in your first order.

    Screen Shot 2017 10 09 at 2.50.05 PM

    Why I liked it:

    Daily Harvest solved some common problems for me. I want to eat healthily and smoothies are one solid way to make "healthy" taste good, as well as being travel-friendly. However, I have to buy single-person groceries, and it doesn’t make sense to buy the volume of veggies and perishable produce it takes to make even two different superfood smoothies — and having the same one every day because I need to use up groceries before they go bad is a fast way to kill a good habit.

    It’s also hard to portion single-person smoothies. Unless you’re following a specific recipe and halving your celery stalks and using x amount of kale, which takes time, I always wind up with leftovers that don’t sit well in the fridge, but that I also really don’t want to throw out.

    And lastly, I always wanted to eat well, but I wasn’t sure which combinations got me the most health bang for my buck — and also tasted good. I lacked the advanced nutritional knowledge and didn’t want to spend the time figuring it out. For this reason, and not wanting to waste money on food that might not blend together well, I wasn’t exactly adventurous.

    These are the reasons why Daily Harvest initially appealed to me. I try to go to the gym in the mornings before work, and a tasty smoothie immediately after that is good for me, pre-portioned, and easy to carry (with an opening for a straw already in the lid) — and also doesn’t take more than 5 minutes to make — is ideal. It’s something I’d be willing to commit to for the price simply because it does what I want to do better than I can on my own. If left to my own devices, it’s far less likely I’d get into a stable habit.

    In reality, Daily Harvest smoothies solved virtually all of my healthy food obstacles. 

    My experience:

    I contacted the company to see if they’d be willing to send some for testing, and I was able to choose my own box. I got the delivery soon after and committed to making one every morning after the gym. An immediate upside was 30-second prep time and not having to clean up any dishes aside from the blender, since the container it comes in doubles as a cup post-blend. I loved being able to carry it out the door and drink it on the way to work. Since I know that Americans throw out 500 million straws every day, I ordered stainless steel ones to use with the Daily Harvest straw-enabled tops without extra waste.

    I purposefully picked smoothie combinations that I was unsure about — mixes with more leafy greens and unknown ingredients in them than I would comfortably make myself (like Apple + Greens and Pineapple + Matcha). When I put the ingredients into the blender, I expected the result to taste healthy, but not good.

    product shot ingredients@3x

    I was pleasantly surprised. All of the smoothies, while definitely healthy, tasted extremely good. I really liked all of them, particularly the "green and leafy" ones that initially seemed too healthy to be tasty, as well as the Cold Brew + Almond.

    In terms of prep, everything could not have been easier to make. The instructions never required more than throwing the ingredients into a blender and adding liquid before blending (a simplicity mirrored uniformly in all of their food options). 

    If you're looking for a way to eat healthy, balanced, and fresh foods without spending all the time yourself grocery shopping, researching, or doing the prep and cleanup, you might want to look into trying Daily Harvest yourself.

    It's possible that not all of their mixes will appeal to you equally, but the smoothies at least were a safe place to start. Depending on your budget, it might not be realistic to do it every month, but I can't imagine superfoods for the masses getting any easier than delicious, pre-portioned cups that get delivered to your freezer. 

    Try Daily Harvest and get three free smoothies in your first box with the promo code "businessinsider" here.

    SEE ALSO: 13 organizing ideas that'll help you make the most of your space

    Join the conversation about this story »

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    • With new cookware startup Milo, you get all the quality of a high-performance, premium Dutch oven at a fraction of the traditional cost of brands like Le Creuset and Staub. 
    • I tried the company's only product, its $95 Dutch oven, and after cooking a variety of dishes with it, I was very impressed. 
    • It's now my go-to vessel to cook with because of its versatility, even heat distribution, and durability.

    When you think about the building blocks that make up a well-stocked kitchen, knives, pots, and pans probably come to mind first. And you're right, those things are all important, if not necessary, for cooking just about anything. But when it comes to sheer versatility, no tool in the culinary world comes close to a Dutch oven. 

    Made out of thick cast iron and coated with enamel (powered glass that's been fused to the iron using extreme heat), a Dutch oven can be used to sauté or boil ingredients on a stovetop, braise or bake meals in an oven, or hold water for boiling or cooking sous vide. It's kind of like an analog Instant Pot.

    But if a Dutch oven is such a useful tool, why don't more people own one? The bottom line is its price.

    Companies like Le Creuset and Staub have well-deserved reputations for making great Dutch ovens, with the former basically inventing the modern, enamel-coated version. Both companies manufacture theirs in France, using high-quality iron that retains heat well and enamel that won't chip, crack, or scratch during regular use.

    Those manufacturing techniques and legacies are all well and good, but Le Creuset charges $339.95 for their 5.5 quart model and Staub charges $240 for theirs in the same size. Milo, a new direct-to-consumer cookware startup, wants to do for the Dutch oven what Misen has done for knives, Made In has done the frying pan, and Brigade has done for sauce pans: make a high-quality cooking tool that the average home cook can afford.

    I've put Milo's $95 Dutch oven through its paces, and I'm happy to say the new company nailed it.

    Milo Kale

    Milo makes the Dutch oven out of the same type of materials as its competitors: cast iron that's hand finished and two layers of enamel to improve its durability. The startup's manufacturing is based in China, not France, but I didn't notice any structural imperfections out of the box or after using it that would suggest that's a problem. In fact, the Milo Dutch oven is one of the most beautiful pieces in my growing cookware collection.

    One thing to note is it's heavy — it is a pot made out of iron after all — Milo's 5.5 quart model weighs in at 12 pounds, which is in between Le Creuset's (10.5 pounds) and Staub's (13.75 pounds).

    There are two primary ways to test a Dutch oven: see how well it retains heat in an oven, and how evenly food cooks inside of it on a stovetop. I preformed both tests.

    Every time I cooked with Milo's Dutch oven food came out tasty and consistent. Ingredients I sautéed on my range showed no signs of scorching (which is what happens when the bottom of a pot is uneven, leading fat to pool in one area while leaving other parts exposed).

    Baked Bread

    The bread pictured above was a particularly good test because it showed that the Dutch oven could retain heat in an oven. The resulting loaf was crispy on the outside and chewy on the inside. You know, like bread should taste.

    Consistency is the word I come back to when describing this tool — everything I tasted just seemed right.

    Cleaning the Dutch oven was just as easy as cooking with it; whether I lined the bottom with parchment paper or cooked right on the enamel, all it took was little bit of soap water. Milo suggests letting the Dutch oven soak in soapy water if there are ever any food remnants really stuck to the bottom.

    Dutch ovens from Le Creuset and Staub have earned "legacy" cookware status, because they're so well made they're supposed to be passed down from one generation to the next. That idea can also help justify the high price you pay to get them into your family in the first place. 

    Based on the results of my tests, though, Milo has made a "legacy"-quality item that way more people can afford. It's easy to use, simple to clean, looks great on a countertop, and it helps me make food that is tasty every time I use it. This may be Milo's first piece of hardware, but the company is already well on its way to creating a legacy of its own.

    Milo Dutch Oven, $95, available from Milo

    SEE ALSO: 28 useful kitchen gadgets you can get under $25

    Join the conversation about this story »

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    Samumed 4x3

    • Samumed, a San Diego-based biotech is one of the highest valued healthcare startups in the US with a $12 billion valuation.
    • The company is working on treatments to regenerate everything from hair to cartilage.
    • Samumed's chief business officer said at an investor conference that the company could go public in the next three to four years.

    Samumed, a private company that's racked up a heady valuation of $12 billion, has a potential timeline for when it might go public. 

    It's possible the company could go public over the next three to four years, Samumed's chief business officer Erich Horsley said at the UBS Global Healthcare conference on Monday in New York. 

    The company has already raised $300 million from backers including high-net-worth individuals and sovereign funds rather than a roster of venture capitalists. Its CEO Osman Kibar had previously said at a conference in 2016 that the company wouldn't go public until it can get a product approved and start generating revenue. 

    Tapping into stem cells

    The company's pipeline contains a number of experimental treatments that offer the promise of reversing conditions related to aging by regrowing hair on balding heads, smoothing out wrinkles, and regenerating cartilage to worn-down joints in people with osteoarthritis.

    That happens through technology that targets certain proteins that scientists think play a critical role in the development and renewal of stem cells, which give rise to other types of specialized cells, from eye cells to skin and hair cells.

    Your body is equipped with something called progenitor stem cells. These cells are in charge of repairing and replenishing specific organs in the body. For example, a mesenchymal stem cell of the osteoblast lineage can go in and repair bone that's damaged. That process has something to do with the WNT pathway, a set of proteins that tell these stem cells to spring into action.

    "By dialing up or down various WNT genes or WNT processes, you can trigger any one of these progenitor stem cells down a certain lineage," Kibar told Business Insider in 2017.

    As we get older, our WNT levels start to get out of balance, Kibar said. Take the example of mesenchymal stem cells. "If the WNT activity levels can no longer increase such that it's not making enough bone, now you develop osteoporosis."

    What Samumed hopes to do is manipulate the pathway that makes these progenitor stem cells spring into action, so that they don't cause these diseases.

    Samumed currently has seven clinical trials ongoing, two of which — one to treat a common form of hair loss and another to treat osteoarthritis —  are ready to move into phase 3 clinical trials that could set them up for approval from the FDA. 

    SEE ALSO: A $12 billion startup you've probably never heard wants to cure baldness and smooth out your wrinkles

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    rapid ramen cooker $7.99

    Nine seasons in and hundreds of products later, the show "Shark Tank" continues to entertain us as well as the panel of celebrity investors with creative pitches. However, that doesn't always mean the products are actually good. Some end up being a little too creative or out-there and border on plain gimmicky or "Who would even use that?"

    We looked through all the "Shark Tank" products available for purchase and came away with a selection of star products for the home that made us curse and ask ourselves, "Why didn't we think of this earlier?"

    Many solve for the wasteful design of many common products you already use, while others address the annoying inconveniences that everyone experiences. 

    Check out the "Shark Tank" home products that are worth buying below.

    SEE ALSO: The 20 best gifts that got their start on ‘Shark Tank’

    A spring-loaded laundry hamper

    This hamper drops down as you add clothes and rises as you remove them, meaning doing laundry will no longer be that uncomfortable chore you never look forward to. It eases the strain on your lower back, so it's especially great for expecting mothers, people with bad backs, and the elderly. 

    Household Essentials Lifter Hamper, $29.99, available at Amazon

    A self-cleaning dog potty

    If you've already tried many indoor potty training systems, your search ends here with the world's first self-cleaning dog potty. You can adjust the timer to automatically change a dirty pad one, two, or three times a day, or manually change it with a push of a button. The machine will wrap and seal the waste, keeping your home clean and odor-free. It's best for dogs under 25 pounds. 

    BrilliantPad Self-Cleaning & Automatic Indoor Dog Potty + 1 Roll, $149.99, available at Amazon

    Note: Currently only available through third-party sellers

    A rapid ramen cooker

    Granted ramen is already a pretty convenient meal to make, this tool makes the process even easier. The water line stops you from overfilling the bowl, the bowl doesn't get overly hot, and you don't need to use a pot and stove. It's perfect for anyone who doesn't have access to a kitchen, including students living in dorms and office workers. 

    Rapid Ramen Cooker (Red), $6.99, available at Amazon


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    • Filippo Loreti is Kickstarter's most funded watch brand ever, and one of the platform's 20 most successful initiatives to date across all categories.
    • Every watch Filippo Loreti makes is purchased online and shipped directly to the customer, a direct sales model that cuts out middlemen and greatly reduces overall costs.
    • What strikes me most about the trio of Filippo Loreti watches in my collection is the fact that, although ostensibly similar, each piece has a look and feel all of its own.
    • Nearly all under $300, these watches are more than worth their price.

    To quote vaunted 19th Century French novelist Victor Hugo, "There is nothing as powerful as an idea whose time has come." And though today I'm writing primarily about the upstart luxury wristwatch brand Filippo Loreti, it's not in reference to that watchmaker that I invoke this famed quote. (Wristwatches have been commonplace for more than a century, after all, and are hardly a novel concept.)

    In this case, the "idea" in question is the use of online crowdfunding to help launch and scale a product or service. And even more specifically, I'm referring to Kickstarter, the luminary of the slate of new public-benefit corporations that help raise capital for ventures that would likely never have lifted off via traditional business growth models.

    For if anyone has ever made good use of Kickstarter, it's Lithuanian-born brothers Danielius and Matas Jakutis, who were in their mid-20s when they launched their first Kickstarter campaign back in 2015.

    Their funding goal for their fledgling watch brand Filippo Loreti was $20,000. Within a single month, they raised almost a million dollars. Then, the next year, as the second line of Filippo Loreti watches was unveiled, the company commenced another round of online fundraising. This time, they raided more than five million dollars, again in less than a month. These wildly successful crowdfunding sessions would mark Filippo Loreti as Kickstarter's most funded watch brand ever, and as one of the platform's 20 most successful initiatives to date across all categories.

    Jakutis Brothers

    For the consumer, what this crowdfunding success would ultimately mean is the ability to buy watches for which other brands might charge $1,000 or more between $225 and $315 in most cases. Even their priciest watches currently sells for $609, a bargain in the luxury timepiece category. With quick cash in the coffers, Filippo Loreti could devote less time (and expense, ironically) to raising funds or to establishing partnerships and marketing materials, and could instead get down to the production of chronometers.

    Unlike other luxury watch brands, the pieces the company makes won't be seen in jewelry store display cases or in the pages of catalog. Every watch Filippo Loreti makes is purchased online and shipped directly to the customer, a direct sales model that cuts out middlemen and greatly reduces overall costs. In fact, according to Filippo Loreti's own website, the markup costs associated with wholesalers, retailers, advertising, and other expenses associated with traditional luxury watch sales result in a customer paying as much as a 4,000% increase in sale price over production costs. With that figure in mind, you can appreciate how a wristwatch can sell for just a few hundred dollars yet can still be called a luxury item.

    PA VM BlackG 1.1

    I own and wear three Filippo Loreti watches, so you can consider me something of a lightweight collector, but I'll posit that I'm quite familiar with the brand. What strikes me most about the trio of Filippo Loreti watches in my collection is the fact that, although ostensibly similar, each piece has a look and feel all of its own.

    My Filippo Loreti watches include the Venice Moonphase Silver, the Venice Moonphase Rose Gold Blue, and the Venice Moonphase Black Gold. Each has a case measuring 40 mm across and nine mm thick, each features a single dial on the right side of the body, and each has a band made of fine Italian leather. On each face you will find three small subdials that track the date, day of the week, and month, and a richly illustrated moonphase set behind a half-moon-shaped cutout. There is an hour hand and a minute hand, though no second hand. The bands are fastened with a simple metal buckle.


    As noted, for all their similarity, these three watches look strikingly different and work with different outfits for different occasions. I could wear the Moonphase Silver with faded jeans and a T-shirt, while the Moonphase Blue Gold would look just fine sneaking out beneath a French cuff shot forth from a tuxedo jacket. The Black Gold watch would look at home accentuating a business suit or resting on the bar at an upscale, well, bar.

    While I have not had any of my Filippo Loreti watches long enough to see how they last over the years (and neither has anyone else; this brand is brand new in the scheme of things), I can tell you this:

    So far, at well under $300, these watches are more than worth their price.

    View the entire Filippo Loreti catalog on their website here.

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    silicon valley

    The tech startup gold rush continues, and there's no stronger sign of the times than the amount of venture capital money being raised by these young companies.

    In the first quarter of 2018, US venture capital funding across all industries grew 49% from the year before up to $22.1 billion, according to the Goldman Sachs Views from the Valley report, which is based on data from CB Insights.

    Deal sizes grew dramatically as well, with investors funding seven unique mega-deals, valued at over $500 million each, during the quarter. In all of 2017, there were only two such mega-deals, according to the report.

    While US investments were up 21% from the fourth quarter of 2017, the number of deals was nearly stagnant — up just 5% from the quarter before. The average deal size in the first quarter was $14.1 million, up from $12.3 million the quarter before, and far above the historical average of $8.2 million per quarter, according to the report.

    Click here to go to BI Prime and read all about the biggest deals in internet and software in Q1 2018.

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    NOW WATCH: How a $9 billion startup deceived Silicon Valley

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    • The startup Fresno Unlimited says it can make web series that have a better chance at being hits — thanks to artificial intelligence.
    • The company says its proprietary tech can also be used to distribute these shows directly to audiences who are most likely to watch.
    • Fresno has already worked with Jimmy Kimmel on a web original, and it plans to announce three new shows this summer. The firm has also just tapped a former Hulu executive, JP Colaco, as its new president of revenue and media.

    There are dozens of production companies in Los Angeles that promise some sort of unique knack for making shows that connect with those younger consumers who live on digital platforms.

    But one startup claims it knows exactly what people want to watch and how get it in front of them — thanks to artificial intelligence.

    The venture-backed Fresno Unlimited has built a platform that pulls data from social media and other digital outlets to help content creators figure out which genres and topics are ripe for potential series. It has raised $8 million, with investors including the famed former Facebook engineer Chamath Palihapitiya, via his firm Social Capital.

    Fresno also uses that same AI platform, which it calls PCH, to help isolate individual consumers on social-media platforms and push that AI-informed content straight to them.

    It's the kind of pro-machine, Silicon Valley thinking that would seem to be at odds with Hollywood, known for its dedication to artists as well as the many gatekeepers who use connections, research, experience, and their gut to decide which shows and movies get made.

    To help bridge that gap, Fresno is tapping someone with experience speaking both languages. The firm has just tapped Jean-Paul "JP" Colaco as its new president of revenue and media. Colaco spent six years building Hulu before leaving the online video outlet for stints at the now-defunct short-form-video startup Vessel and, most recently, the virtual-reality entertainment venture Jaunt VR.

    Despite its less proven premise, Fresno Unlimited says it is attracting serious Hollywood interest. Last year the company produced a Facebook series featuring Jimmy Kimmel, and it expects to announce three more original series featuring big-name talent sometime this summer.

    "We think we've found a better way," Fresno founder and CEO Rob Goldberg said. "We can use machine learning, data, and insights to minimize the failure rate and even predict what people want."

    Goldberg said he could not yet fully explain exactly how Fresno's AI works, or where it pulls all of its data from, without spilling secrets. Some of it comes from publicly available sources and some is proprietary, he said.

    OK, but how exactly does AI help make a better show? Goldberg mentioned a series that is in the works with a popular actress who was originally interested in producing a web show about art collecting.

    Fresno Unlimited's tech found that only few people were predisposed to watch something that niche. But a much larger potential audience, while intimidated by the art-gallery world, associated art with cool Instagram images and the like. So the company is now working with the actress to produce a show with a broader appeal.

    For his part, Colaco said he was drawn to Fresno by the idea that data and science could actually make content more predictable and distribution more precise.

    "You're potentially increasing the likelihood that you can create a hit — you're making it easier for people to consume," he said. "It's harder and harder for marketer and creators to find audiences. If we do this right, brands should be able to align with super-premium content, and the engagement for their ads should be higher."

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    impossible foods meatless burger 0151

    Bill Gates is known for his philanthropic contributions to health, education, and anti-poverty organizations through the Bill and Melinda Gates Foundation.

    But the billionaire founder of Microsoft has also made a number of more under-the-radar personal investments.

    From fake meat to blood tests that could detect cancer early, take a look at a few Silicon Valley initiatives that Gates has supported in the past decade.

    SEE ALSO: Bill Gates says Trump asked him the difference between HIV and HPV

    Grail, a startup aiming to detect cancer when it's still curable.

    Founded in 2016, Grail is a life sciences company working to develop technology that could spot cancer before it's incurable. Grail says on its site that it believes a special type of blood screen could be the key.

    Grail was funded in 2016 by its former parent company (the gene-sequencing giant Illumina) and a group of high-profile investors including Gates, Jeff Bezos, and Google Ventures. The Series A round totaled $100 million, and Grail has garnered $1.2 billion in investments to date.

    EtaGen, a startup developing highly-efficient power generators.

    EtaGen is a startup producing ultra-efficient generators that supply power for companies, buildings, and microgrids. In 2012, CEO Shannon Miller told MIT Tech Review that EtaGen's engines use on average 25% less fuel (like natural gas or diesel) than traditional gas-powered generators.

    Founded in 2010, the company has raised $133 million to date. Bill Gates and others invested $83 million in a Series C funding round in early 2018., a company publishing online petitions.

    With over 150 million users in 196 countries, is a popular site where people can start petitions for specific causes. Current US-based petitions include one to strengthen gun laws and one supporting farmworkers' rights.

    In a Series C funding round in 2014, received $30 million from Gates and others. The company has raised $83 million to date.

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    New York

    When it comes to building a company, choosing the appropriate location to launch is an important decision, but also a daunting one. While entrepreneurs have traditionally swarmed to Silicon Valley to kick off their companies, more and more founders are thinking beyond California's borders .

    Among their top choices is New York, where the city is leading the way when in terms of both venture capital spending and female entrepreneurship.

    If you're considering launching a company, here are the top 6 reasons why you should consider launching in the Big Apple:

    1. You'll have access to top talent.

    In a recent interview with The Verge's Casey NewtonZola co-founder and CEO Shan-Lyn Ma said that she chose to build her company in New York because of its talented workforce.

    "New York is now at a point where we’ve had multiple rounds of successful startups exit," said Ma. "We’ve built up a critical mass of tech startup talent across engineering, product design, et cetera," she said. 

    There's a compelling financial incentive in building a company in New York as well: It's often cheaper to employ tech talent in the Big Apple. Employers in Silicon Valley typically pay more for the average engineering position than in New York. Glassdoor estimates that entry-level software engineering jobs in Silicon Valley typically command around $10,000 more than their New York City counterparts. 

    2. If you're building a company that has anything to do with finance or fashion, starting up in New York just makes sense.

    New York isn't considered the world capital of finance and fashion for nothing.

    In the past few years, several finance and fashion-focused companies have taken root in the city. Among them are health insurance company Oscar Health, Shan-Lyn Ma's own wedding-centered startup Zola, and popular low-cost online glasses store Warby Parker.

    According to Ma: "If you’re in fashion, if you’re in the financial services, or you need access to financial services partners, or any industry that happens to thrive in New York, then you want to be here, because it’s a 10-minute ride to anyone you would ever want to meet, and you could set up a meeting that morning and meet them that afternoon."

    3. There's lots of venture capital.

    While Silicon Valley might be renowned for blue-chip firms like Andreessen-Horowitz, Kleiner Perkins Caufield and Byers, and Sequoia Capital, there's a number of New York-based firms that are equally important. 

    Firms like Union Square Ventures, Lux Capital, and Greycroft are all known for their smart investments and high-profile portfolio companies. 

    Additionally, New York is quickly becoming a top contender when it comes to investing in new companies: Last year, the city beat out the San Francisco Bay Area for the amount of venture capital deployed by around $50 million. 

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    • FoundersCard is an exclusive membership for startup founders, CEOs, entrepreneurs, and just about anyone with that "innovator" mindset.
    • In addition to getting access to private networking events, FoundersCard members get VIP perks, discounts, and extras from retailers and services ranging from airlines and hotels, clothing brands, and gyms to office services.
    • Until June 1, FoundersCard is offering a discounted rate exclusively for Business Insider readers, and a waived initiation fee. To get the discount, you'll have to apply through this page.

    If you're an entrepreneur, an innovator, a startup creator — in other words, a founder — there's a unique and exclusive program that you might be interested in joining. Beyond personal benefits, it can provide direct, tangible benefits to the business or project that you're trying to grow.

    FoundersCard is a private membership club for — well, founders — designed to provide members with various elite statuses, VIP treatment, and top benefits. In addition, FoundersCard fosters an ambitious, social community of similarly driven people from different industries, helping to facilitate networking opportunities, connections, and more.

    Despite its name, the FoundersCard isn't a credit card and doesn't involve transactions, which means that anyone can apply, regardless of what country they're from.

    FoundersCard was founded in 2009 by Eric Kuhn, a new Austin-based venture for a veteran entrepreneur of the 1990s and early-2000s. While the card initially grew its network and offerings slowly — and had a few early bumps in the road — it's made leaps and bounds over the past few years as an organization. Since running into a few issues in its early years, it has bolstered its membership, and made connections with a lot of travel, lifestyle, and business services companies.

    If FoundersCard sounds like something that could be useful to you, read on to learn more about how it works — and to take advantage of a discounted rate of $395 per year (compared to the normal $595) with a waived initiation fee (usually $95). This rate is a special exclusive for Business Insider readers who apply through this page.

    FoundersCard Rolex

    How it works

    To join FoundersCard, you have to complete an application — because the organization is designed to be exclusive and especially curated to be useful and enjoyable for members, everyone isn't always accepted. The process is fairly subjective, 

    You can apply for a preview membership to get a better sense of which benefits are currently active. From there (or right away, if you don't care about the preview), you can fill out the complete application. You have to enter your personal details, including your company name and your title — FoundersCard is open to people other than strictly company founders — as well as your contact and billing information. If you're approved, your payment method will be charged the first year's annual dues — $395, with FoundersCard's exclusive offer for Business Insider readers, or $595 without — and a one-time $95 initiation fee — waived for Business Insider readers. 

    Benefits of FoundersCard membership

    FoundersCard offers a wide range of benefits that can be loosely broken into three categories: savings and discounts, VIP treatment and perks, and exclusive events.

    FoundersCard hosts an ongoing series of networking events in cities with high concentrations of members — thanks to business travel, though, there are often different people and new faces at these mixers, even if you go to two in a row in the same city. Usually with 100–200 members, the networking events offer attendees an opportunity to mingle, make connections, and share experience with members from a wide spectrum of industries.

    Other benefits tend to change as promotions become active, things become available, or FoundersCard negotiates a new partnership or improvement to an existing one, so it's difficult to share a comprehensive picture of what membership entails. There are also a ton of different benefits — this is a deliberate move to appeal to the widest possible cross-section of member, so that there are appealing things to many different people.

    The following are examples of some perks available at the time of publication. FoundersCard provided Business Insider with a temporary active account in order to access the full benefits portal.

    JetBlue Mint

    Airline discounts and elite/VIP perks, including:

    • Cathay Pacific offers 5-25% off flights, as well as a complimentary upgrade to Silver elite status. That status includes priority check-in, complimentary advance seat reservations, access to business class lounges while traveling on the airline in any class, and an extra baggage allowance. The status is valid for a year, after which you'll need to re-qualify through normal methods.
    • British Airways offers FoundersCard members up to 10% off most round-trip fares between the US or Canada and the UK.
    • Alaska Airlines offers 5% off fares within the Continental US, Hawaii, and Canada.
    • JetBlue features preferred flat fares for Mint (business class) transcontinental flights, plus up to 5% off coach and business class tickets. Mint fares are as low as $800.
    • American Airlines offers a changing list of benefits, including extra frequent flyer miles, elite qualifying points, or the opportunity to receive complimentary Platinum status for three months, with the chance to keep it by flying a certain required amount within three months.
    • Qantas, the Australian flag carrier, offers a whopping 10–25% off flights from the US to Australia or New Zealand.
    • Emirates offers 5–10% off US originating fares. The airline serves more than 125 destinations around the world, and offers particularly useful routing for those traveling from the US to the Middle East, Asia, and Africa.
    • Singapore Airlines discounts US originating flights up to 5%.
    • JetSmarter, a service that helps members find available seats on private and chartered flights as an alternative to flying commercial — but for a much cheaper price tag than flying private normally carries — offers FoundersCard members a free three-month trial.

    Rental car and chauffeur service discounts and elite statuses, including:

    • Complimentary Preferred Plus membership at Avis, and up to 25% off rentals.
    • Platinum membership at 15% off rentals at Sixt Rent a Car.
    • 20% off all Silvercar reservations — the founder of Silvercar is a FoundersCard member.
    • Credits and discounts with major car services including GroundLink, EmpireCLS, Carey, and Getaround.

    Exclusive FoundersCard rates, elite statuses, and perks at various hotels brands, including:

    • Starwood
    • Marriott
    • Kimpton
    • Hilton
    • Park Hyatt
    • The Standard
    • Mandarin Oriental
    • Kimpton
    • Omni Hotels & Resorts, and more.

    Lifestyle and retail discounts, including:

    • Discounts when you buy or lease a new Audi.
    • 20% off at John Varvatos.
    • Up to $10,000 off when you buy or lease a new BMW.
    • A complimentary $100 credit at Trunk Club— the founder and CEO of the company is a FoundersCard member.
    • Complimentary Diamond Total Rewards status at Caesars resorts and casinos, plus 20% off most rooms.
    • 20% off at 1-800-Flowers.
    • 15% off headphones, speakers, and more from Bang & Olufsen.
    • Discounts at other retailers including Adidas, Reebok, Indochino, Rent The Runway, Cole Haan, Tommy John, Todd Snyder, and Jonathan Adler, and more.
    • Discounts or credits at gyms, fitness studios, and wellness centers, including Equinox, Crunch, SoulCycle, Bliss Spa, Peloton, CorePower Yoga, and more.

    Business discounts, including:

    • 15% off voice and data plans with AT&T Wireless.
    • Up to 47% off UPS.
    • Up to 50% off Dell computers.
    • 20% off business card and stationary orders from MOO — the company's CEO is a FoundersCard member.
    • A free year of service from the virtual office service.
    • A flat 20% discount off products and services from LegalZoom.
    • Loyalty pricing at Apple.
    • 40% off Lenovo computers.
    • 25% off classes at General Assembly — one of the co-founders is a FoundersCard member.

    This is far from a conclusive list. FoundersCard has hundreds of benefits, discounts, and offers available, and can offer enough value to outweigh the annual fee even if you're a sole proprietor just getting your idea off the ground, or even an individual who can take advantage of the retail and gym discounts.

    If your small business has grown a bit, though, you can get tremendous value from discounts on shipping, IT services and gear, travel, and more.

    Between that, and the opportunity to network with like-minded and similarly focused entrepreneurs, FoundersCard presents a unique and potentially valuable opportunity — whether it's worth the $395 annual fee (with the Business Insider discount) depends on you. 

    Click here to learn more about FoundersCard's offer exclusively for Business Insider readers.

    SEE ALSO: Every small business owner should consider signing up for this credit card — even freelancers

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    Barbara Corcoran

    • Barbara Corcoran has appeared on "Shark Tank" for years, and has invested in many startups through the show.
    • She is a successful entrepreneur in her own right: In 2001, she sold her real-estate company, The Corcoran Group, for about $66 million.
    • Speaking with host Farnoosh Torabi on an episode of podcast "So Money," Corcoran said the most successful companies in her portfolio are run by "partnerships"— two people instead of one.

    Barbara Corcoran started her real-estate business, The Corcoran Group, with a $1,000 loan, and built it into a behemoth that sold for $66 million.

    Then, she became a "Shark" on ABC's hit business show "Shark Tank," evaluating and investing in startups looking for funding over the course of nine seasons.

    So you could say she knows what she's talking about.

    On an episode of podcast "So Money," Corcoran spoke with host Farnoosh Torabi about money, from her childhood lessons to her present-day investments.

    Torabi pointed out that Corcoran's fellow Shark, Kevin O'Leary, has said in the past that he sees a commonality among his most successful companies: They tend to be run by women.

    Asked by Torabi if she sees the same, Corcoran said she hasn't observed that pattern, but she has found another one. The most successful companies in which she's invested tend to be led by "partnerships"— as Corcoran puts it, "two people for the price of one."

    In fact, among her own investments, she finds those led by two men have been the most successful so far. "Isn't that weird?" she asked Torabi. "I'm going to have to trade businesses with [O'Leary]. I'd much rather be working with the girls and the guys."

    Corcoran didn't name the startups she's talking about, but she's told Business Insider in the past that her most profitable investments from "Shark Tank" have included online cake company Daisy Cakes, women's apparel company Grace and Lace, gourmet popcorn company Pipsnacks, women's swimwear company Raising Wild, and food truck company Cousins Maine Lobster

    Out of the admittedly small sample size, Cousins Maine Lobster is the only one run by two men, cousins from Maine who moved to California. Corcoran told Torabi the cofounders "are like dream entrepreneurs."

    Cofounder Jim Tselikis told Business Insider's Richard Feloni that some of the best advice Corcoran ever gave them was, "Everything that comes your way isn't a good opportunity."

    Corcoran has also told Business Insider in the past that her most successful entrepreneurs tend to be people who are "street smart" and who take responsibility for their own failures. "When they're slammed they don't feel sorry for themselves," she said on an episode of Business Insider's podcast, "Success! How I Did It." She continued: "Every one of my successful businesses are run by entrepreneurs who are so good at taking a hit and getting back up."

    Listen to the full episode of So Money »

    SEE ALSO: After getting a brutal rejection, Barbara Corcoran spent 8 minutes writing a powerful email defending herself — and it changed the next 9 years of her life

    DON'T MISS: 3 of the 6 'Shark Tank' investors are dyslexic — and they credit it for their success as entrepreneurs

    Join the conversation about this story »

    NOW WATCH: 'Shark Tank' star Barbara Corcoran: How I went from a 10-kid household and more than 20 jobs to become a real estate mogul

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    made in saucier main

    • When you're making sauces, gravies, and other thick foods, using a saucier is preferable to a saucepan because it lets you stir, whisk, and reduce ingredients more efficiently. 
    • Kitchen cookware startup Made In's saucier ($99) is even more rounded in shape than a typical saucier and is perfect for serious home cooks looking to improve their sauce-making. 
    • Though the saucier used to be more of a professional kitchen mainstay, Made In's well-designed, durable, and accessibly priced saucier deserves a space in your own kitchen. 

    In every home cook's kitchen you're likely to find a saucepan, the small round cooking pot with tall sides that's used for making sauces and gravies or warming up liquids.

    You're less likely to find a saucier, a similar type of pot that has a rounded bottom and slightly flared top. If you don't frequently make sauces, risottos, custards, and other types of foods that require frequent stirring or whisking, a saucier will just be another extraneous piece of cookware taking up space in your cabinet.

    However, if you are a sauce enthusiast and are frustrated with the flaws of a traditional saucepan, you should consider investing in a saucier. 

    I recently tested Made In's saucier, the shape and design of which made me question why I've put up with making sauces in a traditional saucepan for so long.

    Made In is a made-in-America, direct-to-consumer kitchen company that first wowed me with its nonstick frying pan, and it makes a variety of other quality cookware essentials.

    Its three-quart saucier, in particular, was designed based off customers' feedback, and because Made In can control all of its production processes, it was able to make a more "curated" saucier that specifically addresses these customer needs. 

    saucier productMade In's saucier is more rounded in shape than a traditional saucier, making it even easier to stir ingredients around. It's also more flared in shape at the top to encourage better evaporation when you're reducing sauces and gravies. 

    I made a variety of sauces, including a chunky tomato sauce filled with vegetables and a creamy alfredo sauce, in the saucier and the processes were so much smoother thanks to the design of the pot.

    Because it doesn't have hard edges like a saucepan, ingredients didn't get stuck in tricky-to-reach places and I could stir everything in smooth, continuous motions. The handle is sturdy and made me feel supported as I turned the pot and also stayed cool throughout the cooking process. 

    Reducing sauces and gravies makes more sense in a saucier instead of a saucepan with tall sides because there's more surface area to let the liquid reduce and condense faster. As a busy person who likes cooking but has many other tasks to get through during the night, I liked that the saucier made cooking more efficient. 

    As with the nonstick frying pan, what especially impressed me was the value I was getting from this well-made cookware.

    The saucier has a five-ply stainless steel and aluminum construction (the extra layers make it more durable), is induction compatible, and is dishwasher- and oven-safe. A three-quart All-Clad saucier has nearly all the same specifications — it's actually only three-ply — and is sold for double the price. With a lid, Made In's saucer is $99, while All-Clad's is $163 on Amazon and $195 at other major retailers like Bed Bath & Beyond

    Savings like this combined with a product that was carefully designed for the actual cooking task in mind only further convinced me that Made In is a kitchen company you should be watching

    Shop the Made In Saucier (with a lid) for $99 or without a lid ($85) here.

    SEE ALSO: 7 high-protein pastas that are healthier for you and still taste great

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    Neha Singh

    • Obsess is an online virtual shopping platform that lets users shop in a discovery-oriented context.
    • Its founder, ex-Googler Neha Singh, hopes to create the e-commerce platform of the future, where users will some day shop as online avatars in lush, 3D environments.

    "You can't sell fashion and art the same way you sell toothpaste," says Neha Singh. "But on the internet, that's exactly what we do: Toothpaste is sold the same way as beautiful clothes."

    Singh is the founder of Obsess, a new online shopping platform that seeks to reinvigorate what she describes as the "boring and tedious" business of online shopping. Singh hopes to usher in a new era of online retail, where currently, items are almost always presented as two-dimensional thumbnails on a uniform scroll-through grid.

    "In real life, shopping is a form of entertainment," says Singh. "It's driven by discovery and inspiration and fun. That's not happening online."

    Singh, a self-described fashion fanatic with experience working at both Google and Vogue, has developed an online platform that presents items in "virtual stores" where users can browse retail goods in discovery-oriented environments that mimics real life.

    When you take your first virtual step inside Obsess's online outpost of Carmon Sol, an Italian luxury retailer, you're greeted with an eye-popping display of handbags inside a sun-drenched, airy shop. Peppy, Spanish music plays in the background.

    Inside the virtual space, you can "walk" around to get a closer look at the shoe-filled shelves in the back. If an item interests you, you can "pick it up" by clicking over it, which brings you to more details on the item and an online shopping cart. A poster on the wall of a bikini-clad model reveals that the items she's wearing are available for purchase as well. 

    Carmen Sol Obsess

    While Carmen Sol's online store is animated, other Obsess offerings draw from 3D imaging of real spaces. For instance, Obsess's virtual store for boutique fashion retailer Farfetch brings you to the company's Brown East, London shop. Upon entry, you can browse items during a virtual walkthrough. 

    Singh says Obsess lets online shoppers browse products they might not otherwise have discovered, which gives an opportunity for companies to steep their customers in a unique and personalized branding experience. 

    The store presentations are only the beginning, says Singh. With a computer-generated store, the possibilities of Obsess's online platforms are limitless, she says. 

    Farfetch Obsess

    In the future, Singh hopes to create virtual in-store shopping assistants, avatars that are true to a customer's size and shape who can virtually try on clothing, and a myriad of different shopping contexts: Anything from beachside resorts to rock concerts. 

    "Our goal is to recreate the ecommerce interface for categories that aren't search-based," says Singh. "The whole point is to increase engagement in order to increase customer conversion."

    As more retailers move to ecommerce, Singh hopes to provide a platform where they can fully express their brand identity. Obsess, which recently graduated from New York's incubator program Techstars, is currently raising funds to build what Singh describes as the e-commerce platform of the future.

    "For us, the market potential is huge," says Singh. "Home and retail fashion alone is a $2.4 trillion industry, and more and more sales are moving online every day. We want to capture those online sales. We want to be the next e-commerce category for the huge companies moving into this space."

    Join the conversation about this story »

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    sallie krawcheck

    • Sallie Krawcheck is a former Wall Street exec.
    • Now, she is the CEO of the startup she founded, women's investing platform Ellevest.
    • When asked for her definition of success, she said that it's "impact"— and that there's just as much opportunity, if not more, to have an impact at a startup as at a huge company.

    After years as "the most powerful woman on Wall Street" holding executive positions at multiple major banks, you could say Sallie Krawcheck knows a lot about success.

    And when Business Insider's Richard Feloni asked her how she personally defines success during an interview for our podcast, "Success! How I Did It," Krawcheck didn't mention the corner office.

    "Success is impact," she said.


    Krawcheck is now the founder and CEO of women's investing platform Ellevest, worlds away from her roles running huge firms.

    "I thought about this a lot," she said. "After I left Bank of America, I spent the better part of a year trying to decide what was important to me. Success is impact."

    She continued: "I could have gone back to a big company. I could have had a much bigger office. I could've been more comfortable on a day-to-day basis."

    But she thinks that the business world has changed in recent years, and there are just as many opportunities for success at a small company or startup as there are at a huge corporation — perhaps even more.

    "The great thing about what's going on in business today is you can have an impact, maybe even a greater impact at a small company, whereas historically it had to be at a big company," she said. She continued:

    "If you have a great idea, you can get it out there for free. For free. You head on to Twitter, head over to Facebook. It doesn't necessarily have to go viral. By being out there with that idea consistently, and if it's a good one, people will listen to it, gravitate toward it, and there are many more press outlets as well so that you can find places that are interested in something that may not have been as interesting for a broad audience.

    "Combine that with at a startup you can move so much more quickly, so much more quickly than a big company, all of a sudden I can make the argument you can have a greater impact on people's behavior from a startup than you can from one of the big guys."

    SEE ALSO: Sallie Krawcheck, once the 'most powerful woman on Wall Street,' says her startup Ellevest doesn't 'empower' women — because that's not what they need

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    bird scooter

    • Just weeks ago, electric scooter-sharing startup Bird snagged $150 million in a Series C funding round, giving the startup a $1 billion valuation.
    • Now, the company is reportedly raising again and seeking a $2 billion valuation.

    On the heels of a funding round that gave electric scooter-sharing startup Bird the elusive "unicorn" status, the company is reportedly raising again and seeking a $2 billion valuation.

    This is a first for the tech industry, Axios reporter Dan Primack reported on Tuesday. Bird snagged $150 million in a Series C funding round just weeks ago, giving the startup a $1 billion valuation. That's on top of the $115 million it raised in March.

    Primack wrote that tech investors have "never before participated in such a rapid and rocketing price spike."

    He credited Bird's explosive valuation to a popular investment theory: Ride-hailing giants like Didi, Uber, and Lyft are all making moves in the electric sharing scooter market, which could make Bird an attractive acquisition target in the near future.

    Bird faces stiff competition from rival Lime, a bike- and scooter-sharing startup that's backed by Alphabet's venture arm GV and Andreessen Horowitz. Last week, Axois reported that Lime is raising $250 million in new funding at a $750 million valuation.

    In San Francisco, city officials voted to regulate the glut of shared electric scooters that startups are putting all over the city. San Francisco now requires those startups to apply for a permit before operating in the city, and has the authority to impound any scooter from a startup without a permit. At least seven companies, including Bird, Lime, Uber, and Lyft, are vying for a maximum of five scooter permits in San Francisco.

    The city has received numerous complaints since the scooters first descended on San Francisco. Residents have complained of the scooters routinely blocking sidewalks and building entrances, causing people to trip, and making sidewalks less accessible for people who use wheelchairs. Residents have also reported people riding the scooters, which can reach speeds of up to 15 mph, on sidewalks, which is illegal in the city.

    SEE ALSO: Uber's next battle with Lyft could be over the electric scooters that are slowly taking over the country

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