Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. Despite it being summer, this week was rich with announcements. Let’s dive in. Most interesting startup stories from the week Image Credits: Niharika Kulkarni / NurPhoto / Getty Images No two businesses […]
M&A can open up the playing field for the competition Read More »
The family of powerhouse venture capitalist Marc Andreessen, one of the investors behind the hoped-for California Forever utopian city in Solano County, California, is planning a substantial community development in the area, TechCrunch has learned. Andreessen is married to Laura Arrillaga-Andreessen, whose Silicon Valley real estate mogul father bought land in Solano County decades before his
360 One Asset, an investor in India’s National Stock Exchange (NSE), has increased its valuation for the stock exchange to $29.9 billion, significantly higher than the $18 billion to $19 billion price tag the firm was valued at in private transactions last year. The wealth manager, which invested in NSE through its SOF8 fund, disclosed
360 One lifts its valuation of India’s National Stock Exchange to $29.9B Read More »
Ashesh Shah, the founder and CEO of The London Fund is, as you might imagine, bullish on Bolt. The London Fund is a UK venture firm with “over $1 billion in cash and assets” in AUM that is leading a proposed $450 million raise for Bolt, a one-click checkout startup that has been embroiled in
VC leading Bolt’s hoped-for $450M deal confirms he’s offering ‘marketing credits’ Read More »
While the best startups are doing well, even in this tough venture capital market, others are struggling to raise new funding. If they can’t raise and haven’t become self-sustaining businesses, their best bet is to get acquired, even if it’s for a fraction of their last valuation. The alternative would be to run out of
HR startup Rippling has grown into a company valued at $13.5 billion with more than 3,200 employees. Despite that size, its founder and CEO Parker Conrad still approves every expense report over $10 and is still the one who does routine HR tasks like running payroll. That’s because doing such tasks means he’s using his
On Friday, the venture firm Andreessen Horowitz tweeted out a link to its guide on how to “build your social media presence,” which features advice for founders on things like “how to find your people” and “how often to post.” The timing of the tweet was ironic given the social media frenzy on Friday after
A16z offers social media tips after its founder’s ‘attack’ tweet goes viral Read More »
A social media spat between billionaire tech investors is raising questions about the journalistic independence of three-year-old news outfit SF Standard, after a reporter representing the outlet reached out to sources for a story about VC Ben Horowitz and his wife Felicia. The Standard’s sole backer is another longtime VC, Michael Moritz, and on Thursday
Ben Horowitz Declares War on Michael Moritz Read More »
The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to independent layoffs tracker Layoffs.fyi. Companies like Tesla, Amazon, Google, TikTok, Snap and Microsoft have conducted sizable layoffs in the first months of 2024. Smaller-sized
A comprehensive list of 2024 tech layoffs Read More »
When Keith Rabois announced he was leaving Founders Fund to return to Khosla Ventures in January, it came as a shock to many in the venture capital ecosystem — and not just because Rabois is a big name in the industry. It was surprising because unlike in many other fields, venture capitalists don’t traditionally move
From Lauri Moore to Vic Singh, venture capitalists continue to play musical chairs Read More »
