With revenue and new service, WeatherBill predicts bright future in weather insurance
WeatherBill is one of those charmingly oddball companies that comes out of nowhere from time to time in Silicon Valley: It figures out weather patterns and lets you buy insurance against things like too much snow or not enough rainfall. It has started making several million dollars a month, chief executive David Friedberg tells me. And now, it’s trying to get more weather-related businesses to use its weather-calculating technology within their own service.
It’s offering a… Continue Reading
WeatherBill, a site for betting against bad weather, gets $12.5 million
Updated
WeatherBill, a company that lets you make money by betting on the weather, has raised $12.5 million.
The San Francisco-based company sells contracts that essentially let you put money down against bad weather hurting your business, so you can still get paid even if your business itself suffers.
You can choose your contract to be for hot, cold, rainy, snowy or dry days or seasons, and customize every specific aspect of your scenario, such as the temperature,… Continue Reading
Weatherbill, weather insurance company, raises round
We recently pointed to Weatherbill, a weather insurance company. It has since launched, with funding from New Enterprise Associates and Index Ventures.
A number of other indivduals have invested, including del.icio.us founder Joshua Schachter, Skype founder Niklas Zennstrom (through his Atomico fund) and Howard Morgan (idealab and First Round Capital), as well as others who declined to be named, according to Techcrunch.
(First posted 1/18)
Roundup: Cisco sues, Avvenu, Weatherbill, Techdirt, Blue Origin & more
Here’s the latest wrap-up of Silicon Valley tech news:
Cisco sues Apple over iPhone name — Who cares? If Apple loses, it will come up with a different name. Like, ApplePhone, or iPodPhone. Details of suit.
Yahoo signs deal with Akimbo to deliver video to televisions — Just the latest move in a huge number of deals pushing video to your TV. More details here.
Avvenu shares music via link in email — Avvenu, a Palo Alto start-up has been around… Continue Reading