Feb 13, 2018

"Airbnb for RVs" raises $25 million

Photo by Mark Davis / Getty Images

Outdoorsy, an Airbnb-style service for recreational vehicles, has raised $25 million in Series B funding.

Why it matters: Because this is more about millennials than retirees, which blows up all sorts of generational stereotypes.

Not only does Outdoorsy say that millennials are responsible for 38% of annual RV rentals, but Winnebago reports that RV sales are at a 50-year high and that millennials comprise 44% of first-time buyers.

Aviva Ventures and Altos Ventures co-led the round, and were joined by return backers Tandem Capital and Autotech Ventures.

"RV owners set prices [via Outdoorsy], keeping between 80-94% of the total based on their 'trust' ranking scores on the site and on how many vehicles they are renting. (The more they rent, the more they keep.) Outdoorsy separately keeps at least 10% of the overall rental price, in part to pay for on-demand insurance, along with unlimited roadside assistance."

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Pelosi warns U.S. allies against working with China's Huawei

Nancy Pelosi on Feb. 16. Photo: Sven Hoppe/picture alliance via Getty Images

House Speaker Nancy Pelosi on Sunday cautioned U.S. allies against allowing Chinese telecommunications giant Huawei to develop their 5G networks, arguing at the Munich Security Conference that doing so is akin to “choosing autocracy over democracy," CNBC reports.

Why it matters: Pelosi's hawkish stance marks a rare area of agreement with the Trump administration, which believes Huawei is a national security threat because the Chinese government may be capable of accessing its equipment for espionage.

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Judge sets "scheduling" conference call ahead of Roger Stone sentencing

Photo: Win McNamee/Getty Images

U.S. District Judge Amy Berman Jackson has requested a Feb. 18 "scheduling" conference call in the Roger Stone case, two days before the former Trump associate is set to be sentenced.

Why it matters: Stone's defense team on Friday filed a sealed motion for a new trial — the second time they've done so — amid allegations of juror bias and a growing controversy over Attorney General Bill Barr's intervention in the case.

Biden says Bloomberg's money can't "erase" his record

Photo: Alex Wong/Getty Images.

Former Vice President Joe Biden said on NBC's "Meet the Press" Sunday that Michael Bloomberg's vast fortune cannot "erase" his record, and that scrutiny of Bloomberg's positions on things like race and policing will ramp up now that he's in the national spotlight.

Why it matters: Biden's polling free fall in the wake of poor performances in Iowa and New Hampshire has coincided with a surge for Bloomberg, who appeals to a similar moderate bloc of the Democratic Party. The billionaire's limitless spending capacity poses an especially stark threat to Biden, who has struggled with fundraising.