Liz Gannes

Recent Posts by Liz Gannes

Like We Said, Hailo Raises $30M Led by Union Square Ventures

We reported in December that Hailo was raising $30 million at a $140 million valuation in a round led by Fred Wilson at Union Square Ventures in New York. Correction: It was actually Wilson’s partner John Buttrick. The taxi appmaker and venture capitalist disclosed the round today, saying that Hailo would soon enter markets in New York, Tokyo (home of another new investor, KDDI), Madrid and Barcelona.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work