'I Tricked You All': Paris Hilton Opens Up at the Upfront Summit
The Upfront Summit heads into its second day on Thursday. But, there's still a bit of buzz from an unlikely speaker who closed out last night's roster of keynotes -- a surprisingly shy Paris Hilton, who said she was intimidated speaking to a room of hundreds of investors.
"I'm very nervous up here," she said. "I'm used to being at Tomorrowland or Ibiza with a thousand people dancing. Everyone is so serious here."
Hilton emphasized her serious side, pointing out that she is very different in real life than the character she played on reality TV.
She says she exercises full control over her 19 product lines and spends 250 days a year flying around the world making appearances, which reportedly earn her up to a million dollars a piece (a figure she wouldn't confirm).
"I didn't get this far being a dumb blonde, just pretending to be," said Hilton. "I tricked you all." Speaking about how she approached her first reality show, The Simple Life, which debuted in 2003, Hilton put it this way: "I was trying to be entertaining on the show. I knew exactly what I was doing. It was all very planned and calculated."
Hilton said she is actually a tomboy who enjoys outdoor activities more than partying in clubs.
"The media mostly just sees the glitz and glam, but that's not really my thing," she said.
The Upfront Summit is expected to attract more than 1,200 attendees flocking to the Rose Bowl Jan. 29-30. The invite-only event brings together a diverse mix of entrepreneurs networking with venture players armed with billions of dollars in capital, and headlined by presentations from business leaders including Steve Ballmer, Quibi Chief Executive Meg Whitman, and Union Square Ventures' Fred Wilson.
Links to the conference agenda and the livestream can be found here.
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Can the company that popularized the online shopping cart reinvent the real thing?
Amazon unveiled its first smart grocery cart on Tuesday morning. The new "Dash Cart," as it's known, uses cameras, sensors and a scale to automatically detect and log items on a digital display behind the handle. The technology makes it possible for shoppers to leave the store without going through a traditional checkout line.
The end result is similar to the Amazon Go grocery and convenience stores, without the elaborate technical infrastructure of those stores. The Dash Cart works on its own, requiring no sensors in the shelves or specialized cameras overhead.
Just 140 startup deals were completed in the second quarter of 2020 in greater Los Angeles, according to the latest PitchBook-NVCA Venture Monitor released Tuesday. That is the fewest since Pitchbook and the National Venture Capital Association began tracking the data in 2014.
By comparison, there were 216 deals in the first quarter of 2020 and 210 during the second quarter of 2019. Total capital invested in the last quarter was cut in half from the frenzied first quarter of 2020, though investment was slightly ahead of the last quarter of 2019.
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'Going Public' is a Fintech Spin on Reality TV and the JOBS Act, with Viewers as Potential Investors
If you've ever watched Shark Tank and wished that you could hop in the waters and invest alongside Mark Cuban and Mr. Wonderful, Going Public may be just the show for you.
The new series will showcase five companies preparing to go public on the NASDAQ stock exchange. Over the course of 10 episodes, viewers will follow the company founders as they promote their offering and receive feedback and advice from mentors, professional investors and other executives. Those watching at home who think they've spotted a winner will have a chance to get in on the action at the initial public offering (IPO) price for the companies that end up going public.