In the News
August 20, 2014 - The Washington Post - District-based investors are backing a food delivery service that operates in midsize cities, such as Phoenix, Indianapolis and Denver, where there are fewer couriers offering to bring your dish to the door. OrderUp, based in Baltimore, has secured $7 million from Revolution Ventures and former LivingSocial chief executive Tim O’Shaughnessy. Founded in 2009, the company has expanded into 35 cities across the United States without raising any other money to date.
August 20, 2014 - WSJ.D - OrderUp, a startup that lets users browse menus and order delivery or takeout online, and helps restaurants set up a delivery service if they don’t have one of their own, has raised $7 million in Series A funding.
August 20, 2014 - TechCrunch - A startup called OrderUp based out of Baltimore is bucking that trend with a food ordering and delivery service focused specifically on smaller towns — and it’s already profitable. Today, the company is announcing $7 million in funding, led by Steve Cases’s Revolution Ventures and Tim O’Shaughnessy, the co-founder of LivingSocial — entrepreneurs that have, in their time, understood the power of building businesses outside of urban areas.
August 20, 2014 - Tech Cocktail - This morning, the Baltimore, Maryland-based online food ordering and delivery startup OrderUp announced that it has raised a $7 million round of series A funding led by Steve Case’s Revolution Ventures, with participation from LivingSocial cofounder Tim O’Shaughnessy. With this new round of financing, the five-year-old company has raised a total of $8.25 million.
August 19, 2014 - CNBC - A decade ago Tuesday, as top Google executives ceremoniously huddled at the Nasdaq Stock Market in New York for the search engine's much-hyped trading debut, Lise Buyer, a company director, sat with co-founder Sergey Brin in the Silicon Valley office of lead banker Morgan Stanley. David Golden, a banker at JPMorgan, one of the many banks that served as an underwriter for the IPO, said the big investors decided just before the offering that without a reduction in price, they'd wait until the stock started trading and buy it on the open market rather than pay $100 a share or more in the IPO.
August 12, 2014 - Forbes - The Under 30 Summit, the largest, most exclusive gathering of young entrepreneurs and game-changers in the world, with over 1,000 hand-picked participants culled mostly from the Forbes 30 Under 30 list, has already revealed an all-star lineup of featured speakers. Malala, Palmer Luckey, Questlove. Sean Rad, Steve Case, Pete Cashmore, Lauren Bush Lauren.
August 7, 2014 - Bloomberg TV - Konrad Billetz, co-founder and CEO of Frameri, explains how the company simplifies the process of picking out the perfect pair of eyeglass frames. He speaks with Pimm Fox on "Taking Stock."
August 4, 2014 - Fox Business - Traditionally a field dominated by technology and biotechnology, venture investors have developed an appetite for food. Restaurants are reaping the benefits of venture capital as well. AOL co-founder Steve Case’s Revolution team invested in DC-based salad chain, Sweetgreen. “There’s a huge opportunity to transform the industry and make convenient, healthier options available at more accessible price points,” says Clara Sieg, director at Revolution.
July 31, 2014 - Washington Business Journal - Eyeglass wearers who are tired of buying multiple pairs of lenses or being stuck with only one look are in luck. After a successful Kickstarter campaign and winning investment from AOL co-founder Steve Case, Frameri is launched publicly Wednesday. Frameri aims to help wearers of prescription glasses diversify their collection without breaking the bank. Customers choose their lenses, then frames.
July 30, 2014 - Forbes - The Under 30 Summit promises to be the largest, most exclusive gathering of young entrepreneurs and game-changers in the world – over 1,000 hand-picked participants, culled mostly from the Forbes 30 Under 30 list. All these names join an amazing roster of previously-announced speakers, including Lauren Bush Lauren, CEO and Cofounder of FEED; Pete Cashmore, Founder and CEO of Mashable; Neil Blumenthal, Cofounder of Warby Parker; Sean Rad, CEO and cofounder of Tinder; and Josh Kushner, Managing Partner of Thrive Capital. Mentors attending include Jim Breyer, Partner at Accel Partners and a key early backer of Facebook; Steve Case, Founder of AOL; Jean Case, CEO of the Case Foundation
July 30, 2014 - Inc. - Warby Parker may have changed the face of eyewear, but it's not the only company looking to overhaul the industry. This week, eyeglasses seller Frameri of Cincinnatti opened its online doors to the public. And like its fashion-forward predecessor, Frameri is hoping to make a mark with both budget- and image-conscious consumers. Its key selling point? Interchangeable lenses. The frames come in a variety of colors, but just three models that are standardized to fit for lenses that may be swaped out--depending on the user's needs. Users can choose to swap out their shades for eyeglass lenses, using just the one set of frames, for instance. At Warby Parker, if you want sunglasses and eyeglasses, you'll have to shell out for two sets of frames.
July 31, 2014 - Inc. - As the co-founder of AOL and CEO of venture capital firm Revolution, Steve Case knows as thing or two about scaling up businesses. One of the main differences between growing beyond the startup phase today versus more than 20 years ago, when AOL was still being born, Case says, is the massive competition for attention.