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San Mateo subscription cosmetics startup could fetch $2B in sale

San Mateo subscription cosmetics startup could fetch $2B in sale

Personalized Beauty Discovery Inc., a makeup subscription service better known as Ipsy, is considering an IPO or a sale that reportedly could fetch as much as $2 billion. The San Mateo-based business is weighing both options in a dual-track process, Bloomberg reported. In the end, it could remain a private, standalone company. Ipsy has raised about $102 million in funding and was valued at about $800 million after its last round in 2015, according to PitchBook Data. Its investors include TPG,…

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20 significant moments in Google’s history, on its 20th birthday

20 significant moments in Google’s history, on its 20th birthday

Google officially turns 20 today. Back on Sept. 4, 1998, Google was a two-man operation being run out of a garage in Menlo Park, by a pair of recent Stanford University grads who weren’t sure they wanted to become entrepreneurs. Today, it’s become Alphabet Inc — one of the most valuable companies on the planet, employing tens of thousands of people, with a market cap of $852 billion. Here’s a look back on 20 defining moments in Google’s history. 1998: Larry Page and Sergey Brin start to…

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Five Things to know for Tuesday: Here’s How Oregon Works

Five Things to know for Tuesday: Here’s How Oregon Works

Welcome back, Portland. You’ve got a lot to do this month. Better get to it…after perusing all the stuff you might’ve missed these past few days. Here it is We’d been waiting for Moda to reveal a big investment, and the nature thereof, for a few weeks now. It did so late Friday afternoon. As such, Delta Dental is now a 50 percent owner of the Portland company. Moda said the move will allow it to expand across the country. Kap and trade Nike made headlines yesterday. Boy, did Nike make headlines. And,…

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Josephine County’s cannabis suit against Oregon should be dismissed, judge says

Josephine County’s cannabis suit against Oregon should be dismissed, judge says

Josephine County’s federal lawsuit challenging Oregon’s cannabis laws appears doomed after a magistrate judge recommended the case be dismissed. The Southern Oregon county, struggling to enact limits on cannabis grows on rural residential lots, had argued the state’s cannabis legalization is preempted by the federal prohibition under the Controlled Substances Act. But counties don’t have the right to sue over state statutes in federal court, a judge said in a recommendation released Friday. “As…

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Apple just had its first self-driving car accident

Apple just had its first self-driving car accident

A self-driving car developed by Apple Inc. was rear-ended in a low-speed crash in Sunnyvale late last month, marking the company’s first road accident to date. It appears the company’s car, a self-driving 2016 Lexus RX 450h, was not at fault, according to a DMV report published Friday. It was California’s 41st self-driving car accident so far this year. Apple says its car was attempting to turn left onto southbound Lawrence Expressway from Kifer Road when someone in a 2016 Nissan Leaf rear-ended…

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