The Flash has long been bullish on the market potential of wearable technology, recognizing that – from watches to glasses – we will all soon be wearing the web. This now-vibrant consumer industry is not just a fashion or fitness statement – it’s also big business. Indeed, The Flash took note at Fitbit’s announcement that it plans to raise nearly $500M from its IPO later this year. We shall see if the first-mover advantage bolsters the SF-based company in its upcoming battles with Apple, Jawbone, Nike and Microsoft…
The Flash also checks in with one of America’s iconic cities – Detroit. Though Motown has had its bumps of late, early sprouts of innovation are starting to shoot. The Flash is a big believer that innovation drives job creation, and the Motor City is looking to prove that with a series of initiatives to lure startup companies and founders.
These and more in this week’s edition of The Flash!
- Wearable device maker Fitbit announces a $500 billion IPO as it looks to leverage its first-mover advantage (Inc.)
- Motown looks to revitalize:
- Lyft names female execs to two top positions (Forbes)
- Female entrepreneurs flourish in Brooklyn (Bustle)
- States fill void while awaiting feds to green-light crowdfunding (NY Times)
- Joyus gets $24M for online shopping videos (Wall Street Journal)