Startups

Ramp encroaches into digital bank territory with new treasury product

Over the years, Ramp has built a name for itself in the corporate card and expense management space. It’s branched out into travel, bill pay, and more, while raising over $1.2 billion in venture funding. Today, the six-year-old fintech startup is announcing a different kind of expansion — one that takes it into more of

Ramp encroaches into digital bank territory with new treasury product Read More »

Startup founders flooded inauguration parties hopeful for dealmaking

On Monday, while tech billionaires like Elon Musk and Mark Zuckerberg sat on stage for President Donald Trump’s inauguration, dozens of founders were at parties all across DC, trying to get an audience with the new president’s inner circle.  To hear them tell it, it wasn’t all that hard. Valar Atomics founder Isaiah Taylor spent

Startup founders flooded inauguration parties hopeful for dealmaking Read More »

Employees of failed startups are at special risk of stolen personal data through old Google logins

As if losing your job when the startup you work for collapses isn’t bad enough, now a security researcher has found that employees at failed startups are at particular risk of having their data stolen. This ranges from their private Slack messages to Social Security numbers and, potentially, bank accounts. The researcher who discovered the

Employees of failed startups are at special risk of stolen personal data through old Google logins Read More »

Once high-flying proptech startups Divvy Homes and EasyKnock are the latest to struggle

Many proptech startups, born and funded during the low-interest-rate heydays, are in the throes of struggle. With investments into U.S.-based real estate startups falling from $11.1 billion in 2021 to $3.7 billion last year, according to PitchBook data, some are selling themselves off, while others are closing shop. The two most recent examples are the

Once high-flying proptech startups Divvy Homes and EasyKnock are the latest to struggle Read More »

Perplexity acquires Read.cv, a social media platform for professionals

Read.cv, a social media platform for professionals that competed with LinkedIn, has been acquired by AI-powered search engine Perplexity. As part of the deal, Read.cv will begin to wind down operations today. Users will be able to export their data, including their profiles, posts, and messages, until May 16. “We’ve long admired Perplexity and believe

Perplexity acquires Read.cv, a social media platform for professionals Read More »

Failed fintech startup Bench racked up over $65 million in debt, documents reveal

Bench, the accounting startup that imploded over the holidays, filed for bankruptcy in Canada on January 7 revealing massive debts, documents seen by TechCrunch show.  The filings — one for Bench and another for 10Sheet, Bench’s original name — show that Bench had $2.8 million in cash on hand by the end of its life

Failed fintech startup Bench racked up over $65 million in debt, documents reveal Read More »

Goldman Sachs’ David Solomon tells startups to reconsider going public

Goldman Sachs is one of the biggest investment banker “book runners” for IPOs – where banks are paid many millions of dollars for each listing they underwrite. Yet CEO David Solomon told attendees of the Cisco AI Summit in Palo Alto that startups should reconsider the idea of going public, reports the Financial Times.  Solomon

Goldman Sachs’ David Solomon tells startups to reconsider going public Read More »