Author: dumbcapital

Powered by $25 million, Arcadia Power looks to expand its distributed renewable energy services

As renewable energy use surges in the U.S. and the effects of global climate change become more visible, companies like Arcadia Power are pitching a nationwide service to make renewable energy available to residential customers. While states like New York, California and regions across the upper Midwest have access to renewable energy through their utilities…

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Alphabet invests $375 million in Oscar Health

Google parent Alphabet has invested $375 million in next-gen health insurance company, Oscar Health. Google has been a longtime supporter of the six-year-old New York company, having previously invested in Oscar through its Capital G investment wing and Verily health and life sciences research wing. “Alphabet has invested in Oscar over many years and has…

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Kevin Durant invests in Andreessen Horowitz fund to get people of color into tech

(CLICK HERE, if you are unable to view this photo gallery on your mobile device.) Golden State Warriors superstar Kevin Durant is teaming up with a major venture capital firm to help get more people of color into Silicon Valley technology companies. Durant, movie star Will Smith and Essence magazine publisher Richelieu Dennis have invested…

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Revcontent is trying to get rid of misinformation with help from the Poynter Institute

CEO John Lemp recently said that thanks to a new policy, publishers in Revcontent‘s content recommendation network “won’t ever make a cent” on false and misleading stories — at least, not from the network. To achieve this, the company is relying on fact-checking provided by the Poynter Institute’s International Fact Checking Network. If any two independent…

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