Service 1st Financial sells ‘home comfort as a service,’ gets $20 million in funding from Series B, debt

Let’s face it: Most people aren’t early adopters, especially when it comes to their homes. Take the kitchen, for example, where many people still buy gas cooktops despite induction’s superiority. It’s not because everyone’s busy charring peppers over an open flame — it’s because they’re slow to adopt changes. When it comes to heating and…

TAM takedown: Investors are looking for market opportunity, not just size

Bill Reichert Contributor Share on Twitter Bill Reichert is partner and chief evangelist at Pegasus Tech Ventures. More posts by this contributor Interest Rates, Unicorns And What The Fed Means To Silicon Valley Every pitch deck needs to have a “Market” slide. Unfortunately, most entrepreneurs get the market slide wrong. That’s not necessarily their fault….

Jack Dorsey once again denied there’s any chance he could return as Twitter’s CEO under Elon Musk

Jack Dorsey and Elon Musk. Getty Images Jack Dorsey said “nope” when asked if he would accept a position as CEO of Twitter again.  Elon Musk is looking for someone to take permanent charge of his recently acquired social-media firm. Dorsey founded Twitter and has served as its CEO on two separate occasions in the…

The UK has laid out a $65 billion package of tax rises and spending cuts to restore faith after political upheaval and a market storm

UK finance minister Jeremy Hunt announced a fresh package of tax rises and spending cuts Thursday. Jack Taylor/Getty Images The UK’s finance minister Jeremy Hunt has laid out a £55 billion package of tax rises and spending cuts. The government wants to restore credibility after a prior tax plan drove the pound to an all-time…

Top US general says Russia ignored his call after Poland missile strike — an ominous glimpse at how a future crisis could play out

Chairman of the Joint Chiefs of Staff General Mark Milley at a press conference at the Pentagon in Washington, DC, on November 16, 2022. MANDEL NGAN/AFP via Getty Images Gen. Mark Milley said he tried calling his Russian counterpart after a missile hit Poland. But he said he had “no success” contacting Gen. Valery Gerasimov. …

House prices might plunge 20% in the hottest US markets – and the slump could hammer the wider economy, top investor says

Peter Boockvar. CNBC Home prices could tumble 20% in some of the hottest US markets, top investor Peter Boockvar said. He cited the surge in prices during the pandemic, and soaring mortgage rates pricing out buyers. The Bleakley Advisory boss warned a housing slump could hit consumer spending and the wider economy. House prices could…

Take a look at the planes upstart airline Northern Pacific plans to use to connect Japan and Korea with major US cities through Alaska

Northern Pacific Airways Brady MacDonald/Insider Northern Pacific plans to start flying from NYC, LA, Orlando, and Vegas to Japan and South Korea starting in 2023. Look inside Northern Pacific’s fleet of second-hand 757-200s. The new Northern Pacific airline plans to connect Asia and major US cities through Alaska next year.Northern Pacific Airways Brady MacDonald/Insider Northern…

An ex-Shopify employee used her severance to found a new startup after getting laid off with 1,000 others. Here’s why that can be a smart move in a downturn.

Stella Alexandrova founded travel app MAVE after being laid off by Shopify. Stella Alexandrova Stella Alexandrova was one of 1,000 employees laid off by e-commerce giant Shopify in July.  She saw the layoff and five months of severance as an opportunity to launch a business.  A recession is actually a good time to start a…