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News and media valuation boom. Oil and gas tech funding. The data behind crowdsourced innovation.
CB Insights celebration
Fat content

Hi there,

Matt here filling in for Anand. Today's big news is that Axel Springer has acquired Business Insider, valuing the 7-year old company at $442M. As funding pours in, the content business is all a far cry from when Buzzfeed CEO Jonah Peretti once commented:


In 2013, Rafat Ali of Skift dubbed the rise of big fundings in digital media "the dawn of fat content." Today, both Vox and Buzzfeed are unicorns, and a slew of media upstarts are valued in the hundreds of millions of dollars. We used CB Insights' valuation data to highlight recent private round and M&A valuations of both old-guard media companies (like the FT, Economist, WaPo) and newer digital news and media startups



Check another two off the list

Thumbtack and Avant joined the billion dollar club today, marking a total of five correct predictions with the New York Times in just over a month



Quirky and the crowdsourced innovation trap

Last year, Quirky stood among NY's top 10 most well-funded tech companies. Last week, it went bankrupt. Miles Grimshaw (@milesgrimshaw) of Thrive Capital penned a smart data-driven post on how crowdsourced innovation really worked under the hood at Quirky.



VCs go for (black and) gold

In our previous newsletter, we highlighted how construction tech had attracted the dollars of smart money VCs like Sequoia and Greylock. Indeed, tech has proliferated into a slew of asset-heavy industries as of late, and the oil and gas industry is no different. Here's what's going on in oil and gas tech.


 

Have a great rest of the week.

Matt
@mlcwong

P.S. Our first CB Insights podcast with Orbital Insight CEO Jimi Crawford is now on iTunes. Check it out.

The rise of venture-backed startups investing in other startups

Didi Kuaidi is now an investor in Ola, Lyft, and GrabTaxi. Here are some other startups investing in startups
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CB Insights Top Deal Searches

CB Insights users can query our database in powerful ways. See a few below or sign up:

 

Oil and gas tech funding tops $100M for fourth straight year

Mega-rounds have previously dominated funding to oil and gas tech companies. But in 2015, funding looks to top $120M across a range of smaller deals. Read about oil and gas tech investment activity.
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Analysis of Quirky: Do consumers know what they want?

In this guest post, Miles Grimshaw of Thrive Capital dives into the business of how crowdsourced innovation works.
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The news and media valuation boom in one chart

Ozy, Refinery29, Business Insider, Vox, and Buzzfeed are among the news and media startups valued over $100M. Read about funding to media startups.
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The Blurb

A curated mix of articles on tech, media, what's next, and recent news.
 
Signs of water found on Mars. There appears to be liquid water flowing on Mars, raising new questions about the possibility of life there.
TIME

Google is bringing virtual reality to your kid's classroom. The tech giant will begin helping teachers use Google Cardboard, the company's virtual reality headsets, to take students on virtual tours to far-flung places.
Fortune

The era of automatic facial recognition and surveillance is here. The underlying technologies are being developed today, and there are currently no rules limiting their use.
Forbes

Sneaker wars: inside the battle between Nike and Adidas. The bitter battle over the right to dress your feet.
GQ
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