Inside the fall of Olive AI
Columbus Business First
The Columbus region's source for local business news & events. Part of the American City Business Journals network.
The Oct. 31 news that Columbus health-tech startup Olive AI was shutting down shook the business community. A darling of the startup scene, Olive had raised hundreds of millions of dollars in recent years, climbing to a $4 billion valuation.
In this week's cover story, reporter Carrie Ghose finds out what happened. Her in-depth analysis traces Olive from the seed of an idea to its ultimate shutdown. It's a must-read if you want to understand why CEO Sean Lane's big vision to transform healthcare needed more time and money than he had.
???
Sign up for Columbus Business First emails to get the latest business news for Central Ohio in your inbox twice a day. Already signed up and loving the work we do? Consider subscribing for all the exclusive business intelligence you need to know.
???
Real estate deals of the week
? Microsoft acquires more Central Ohio land: 微软 has acquired nearly 300 acres in Pataskala, adding to its already robust land holdings in Licking County. What's in the works? More data centers?
? 22 acres in Worthington hits the market: Central Ohio nonprofit I Am Boundless, Inc. is rethinking its Worthington campus, which spans nearly 50 acres in a prime Columbus suburb. That could spell opportunity for a buyer.
?Franklin County approves sale of two properties: Franklin County is selling a pair of properties previously used by social services organizations. Reporter John Bush has the details.
领英推荐
See more of Columbus Business First's comprehensive real estate coverage here.
???
The city of Powell has hired Sean Hughes as its first economic development administrator. He joins Powell after spending the past decade as economic development director for Delaware. During his tenure, the number of jobs increased by 53% and median household income grew from $53,000 to more than $90,000.
???
Central Ohio startup founder lands on national list
To spotlight some of the country's promising women-led startups, our sister publication American Inno compiled its first national Female Founders to Watch list, a collection of startup leaders behind fast-growing firms.
On that list: Rehgan Bleile (Avon) , founder of AlignAI.
This Weekly Edition was compiled by Eleanor Kennedy. Questions? Comments? Concerns? Email [email protected].
CONFIDENTIAL AND PROPRIETARY Any duplication, reproduction or usage of this document or any portion thereof without the written consent of ACBJ is prohibited. ? 2022 American City Business Journals. All Rights Reserved.