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Birth control delivery startup Nurx taps Clover Health’s Varsha Rao as CEO

Posted by on Apr 17, 2019 in Airbnb, Alphabet, board member, Chelsea Clinton, chief executive officer, Chief Operating Officer, Clover Health, Companies, Health, healthcare, Kleiner Perkins, Lowercase Capital, Medicare, Nurx, sharing economy, Startups, telemedicine, Union Square Ventures, United States, vacation rental, Venture Capital, websites, Y Combinator | 0 comments

Varsha Rao, Airbnb’s former head of global operations and, most recently, the chief operating officer at Clover Health, has joined Nurx as its chief executive officer.

Rao replaces Hans Gangeskar, Nurx’s co-founder and CEO since 2014, who will stay on as a board member.

Nurx, which sells birth control, PrEP, the once-daily pill that reduces the risk of getting HIV, and an HPV testing kit direct to consumer, has grown 250 percent in the last year, doubled its employee headcount and attracted 200,000 customers. Rao tells TechCrunch the startup realized they needed talent in the C-suite that had experienced this kind of growth.

“The company has made some really great progress in bringing on strong leaders and that’s one of the things that got me excited about joining,” Rao told TechCrunch. Nurx recently hired Jonathan Czaja, Stitch Fix’s former vice president of operations, as COO, and Dave Fong, who previously oversaw corporate pharmacy services at Safeway, as vice president of pharmacy.

Rao, for her part, joined Clover Health, a Medicare Advantage startup backed by Alphabet, in late 2017 after three years at Airbnb.

“After being at Airbnb, a really mission-driven company, I couldn’t go back to something that wasn’t equally or more so and healthcare really inspired me,” Rao said. “In terms of accessibility, I feel like [Nurx] is super important. We are really fortunate to live in a place where can access birth control and it can be more easily found but there are lots of parts of the country where physical access is challenging and costs can be a factor. To be able to break down barriers of access both physically and from an economic standpoint is hugely meaningful to me.”

Nurx, a graduate of Y Combinator, has raised about $42 million in venture capital funding from Kleiner Perkins, Union Square Ventures, Lowercase Capital and others. It launched in 2015 to facilitate women’s access to birth control across the U.S. with a HIPAA-compliant web platform and mobile application that delivers contraceptives directly to customers’ doorsteps.

Today, the telehealth startup is available to customers in 24 states and counts Chelsea Clinton as a board member.


Source: The Tech Crunch

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Mike Curtis, Airbnb’s VP of engineering, is leaving

Posted by on Sep 24, 2018 in Airbnb, brian chesky, Hiring, Personnel, sharing economy, TC, tourism, vacation rental | 0 comments

Airbnb’s head of engineering will leave the company before the end of 2018 to pursue other projects and focus on his family. The news was first reported by The Information and later confirmed to TechCrunch by Airbnb.

Curtis joined the home-sharing platform in 2013 after about two years as the director of engineering at Facebook.

Airbnb will work with Heidrick & Struggles to find his successor, who will be named chief technology officer, a title some at the company had expected Curtis to receive last year, per The Information. Airbnb has several other holes in its C-suite; it’s also in the process of hiring a chief marketing officer and a chief financial officer.

“For a while, Mike has been thinking about making this change to take a long break,” an Airbnb spokesperson told TechCrunch. “After discussing this change with [CEO] Brian Chesky, they agreed that Mike would step down after helping the company choose his successor.”

Curtis may be feeling the early-stage itch. When he joined Airbnb nearly six years ago, he told TechCrunch he was particularly excited about how early the company was: “the opportunity with where we can take it is limitless,” he said.

But Airbnb is no longer a little startup, it’s one of the most valuable private tech companies in the world.

In Curtis’ tenure alone, the engineering team grew from 40 people to more than 1,000 and the company raised more than $4 billion and garnered a $31 billion valuation. Now, it’s gearing up to go public in 2019.


Source: The Tech Crunch

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How Airbnb went from renting air beds for $10 to a $30 billion hospitality behemoth

Posted by on Aug 12, 2018 in affordable housing, Airbnb, brian chesky, Co-founder, Culture, Denver, DST Global, economy, General Catalyst, joe gebbia, Lyft, New York, New York City, paul graham, San Francisco, sharing economy, TC, Uber, vacation rental, Y Combinator, Yuri Milner | 0 comments

Happy 10th anniversary Airbnb.

When we first wrote about the company a decade ago, it was a spare website cobbled together by its founders for the low low price of $20,000.

In the years since, the marketplace Airbnb created has radically transformed the rental landscape in cities, created an entirely new hospitality market and surged to a valuation of roughly $31 billion.

As it prepares for an initial public offering in 2019, it’s worth a look back on how far the company has come, and how its founders’ vision for a new type of way to monetize unused apartment space for budget travelers has become the engine driving a new kind of travel and new experiments in modern living (for better or worse).

When we wrote about the company in 2008, the pitch for Airbnb’s services had already been set.

AirBed and Breakfast will definitely appeal to younger travelers, and conventioneers who can’t find a regular hotel room. In overbooked Denver, where 20,000 people will be descending for the Democratic National Convention, hotels are already sold out. More than 600 people have found alternative accommodations through AirBed and Breakfast, and 50 to 100 new listings appear every day. Prices range from $20 a night for an airbed to $3,000 for an entire house.

Indeed, it’s likely that there would have been no Airbnb without the 2008 presidential campaign. The election created a serendipitous confluence of an incredibly unique historical moment where a groundswell of demand could be met by a new type of supply and Airbnb’s co-founders Brian Chesky and Joe Gebbia were there to capitalize on the opportunity.

It’s good to remember that in 2008, the co-founders were claiming that they could barely make rent. And they were certainly strapped for cash for the fledgling business. There, again, the 2008 election presented them with an opportunity.

“The world thought we were crazy,” Gebbia recalled in an interview.

But the RISD grads had that $20,000 in seed funding and politically themed cereal boxes to tide the business over. It was the cereal gimmick — selling Obama O’s and Captain McCains – for $40 a box that got them the hearing from Y Combinator co-founder Paul Graham and acceptance into the accelerator.

Three years later, the business was a rocket ship. It had pulled in a (whopping for the time) $112 million investment from Andreessen Horowitz, DST Global, and General Catalyst and was already on the path to bulldozing the old models of hospitality with a shared vision for visiting any city anywhere in the world.

“Airbnb, with its strong management team and engaged worldwide community is on a path to become a transformational company,” said Yuri Milner founder of DST Global, in a truly understated statement at the time.

So transformational, in fact, that the company would go on to raise billions more atop that hundred-million-plus Series B round.

But that success has not come without a certain cost.

For all of the ways in which Airbnb claims to be unlocking the local economy, it can’t avoid the accusations that it has locked out local renters in favor of financial speculators who are buying up apartments to lease to a traveling class rather than sustain a viable and vibrant neighborhood for the actual citizens that live there.

One study, published earlier this year (and funded by the AFL-CIO and the Hotel Trades Council), indicated that the company significantly impacted rental prices in New York.

… the study estimates that Airbnb has driven up long-term rental prices by 1.4 percent, or $384 per year, for the median New York City renter. The research suggests that both restricted availability in the long-term rental market and increased financial incentives in the short-term rental market account for this increase.

It’s those kinds of figures that have led to the sometimes aggressive pushback from local real estate advocates. Indeed, it was just about three years ago that San Francisco protestors from the Coalition on Homelessness took over Airbnbs headquarters to protest what they viewed as the company’s complicity in the surge in evictions and homelessness in the city.

In a 2015 letter to New York legislators, Airbnb’s public policy chief at the time, David Hantman, wrote, “The majority of hosts use the money they earn to pay their bills and stay in their homes.”

And in a separate blog post (now apparently lost in a site redesign) around the same time, Hantman took Airbnb’s argument further. “In fact, Airbnb makes cities more affordable,” Hantman was quoted as writing in Vice. “Sixty two percent of Airbnb hosts in New York said Airbnb helped them stay in their homes and the typical Airbnb host in New York earns $7,530 per year — a modest, but significant amount that can make a huge difference for families.”

The company’s kerfuffles with regulators (a sort of mirror image of the woes faced by fellow marketplace service Uber and its American competitor Lyft) have not effected the way investors are valuing the virtual room-for-rent-filled house that Chesky and Gebbia have built.

As we reported earlier this year, Airbnb raised nearly $4.4 billion in funding as a private company, to date, and reports say it is on track to make between $3.5 billion and $4 billion in revenues this year from its business connecting travelers with private homes and an array of other related services.

That’s a long, long way from matching would-be attendees to the 2008 Democratic National Convention with air mattresses or sofas in Denver.


Source: The Tech Crunch

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