Barry Diller takes shots at VCs, startup valuations

Media mogul and IAC chairman Barry Diller had some choice words for venture capitalists when he took the stage at WSJ D.Live in Laguna Beach on Tuesday. “These valuations don’t bear reality,” said Diller, speaking about the high multiples that some startups are generating. “They’re truly made up.” He quipped that it’s the “absence of…

SelfMade helps you post better photos online

SelfMade brings professional photo editing to your phone — yes, literally. The startup, which is announcing that it has raised $11 million in funding, was founded by CEO Brian Schechter and CTO Zach Lloyd. Schechter was previously co-founder at IAC-acquired dating startup HowAboutWe, and he points to HowAboutWe as the starting point for his interest in photo…

Hollywood’s favorite environmental crusader, Leonardo DiCaprio, backs Beyond Meat

One of the leading environmentalists among Hollywood’s leading men, Leonardo DiCaprio, has added his name to the list of backers for the beef-less, veggie burger maker, Beyond Meat. “I am thrilled to officially welcome Leonardo DiCaprio to the Beyond Meat family,” said Ethan Brown, the chief executive of Beyond Meat, in a statement. “His investment…

Walmart says it will acquire more startups

Walmart has bought a handful of startups lately and the company says this acquisition spree will continue. It’s looking to buy businesses in the technology, retail and digital native brands categories, said Marc Lore, CEO of Walmart eCommerce U.S., on stage at WSJ D.Live in Laguna Beach on Tuesday. The Jet.com founder joined Walmart through…