SoftBank said the co-CEO of Vision Fund, Rajeev Misra, will soon step down from his leadership roles at the firm’s flagship technology investment vehicles, marking the departure of one of the Japanese group’s most prominent dealmakers. The company said on Tuesday that Misra, who helped steer the $100 billion Vision Fund through both its explosive […]
SoftBank Vision Fund co-CEO Misra to leave firm Read More »
Intudo, the Indonesia-only venture capital firm, said it has raised $125 million across two investment funds — $75 million for Intudo Ventures IV, and $50 million for another fund that will invest in downstream natural resources and renewable energy. Intudo said Fund IV will invest in Indonesian startups that take advantage of the country’s location,
Indonesian VC firm Intudo raises $125M across two funds Read More »
Founders hope that their startups continually raise larger funding rounds at escalating valuations. But unexpected challenges, such as a global health crisis or a sudden surge in interest rates, can have a significant impact on a company’s ability to maintain its valuations. Some of these startups may have to resort to down rounds, which are
VCs on how to ‘survive and thrive’ after a down round Read More »
When Skydio, a young maker of drones in San Mateo, California, sent a customer proposal in 2023 to the Las Vegas Metropolitan Police Department, its chief of staff, Mike Gennaro, forwarded the email to VC Ben Horowitz. “Which deployment are you looking to do?” Horowitz wrote back. “Whatever you want, Ben,” Gennaro replied, according to
The idea of one day becoming a venture capitalist always loomed in the back of TJ Taylor’s mind. After all, he had an extensive tech background. He co-founded a stock app and worked in community at the dating app Raya and the photo-sharing app Dispo. After leaving Dispo at the end of 2022 he found
Former Raya, Dispo exec has a new fund for the biggest out-of-favor tech: consumer Read More »
The startup ecosystem in the Iberian Peninsula — the region encompassing Spain and Portugal — has been on a roll the last couple of years. The value of Spanish startups surpassed €100 billion in 2023, according to Dealroom data, with venture investment of €2.2 billion across some 850 rounds. Meanwhile, Portugal has produced a slew of
Faber launches third VC fund with $34M first close, aims for $64M Read More »
The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has more than 130,000 job cuts across 457 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 »
Fundraising in 2025 will continue to be a “tale of two cities,” VC Renata Quintini, co-founder of early-stage VC Renegade Partners, said onstage at TechCrunch Disrupt last week. “Some companies, really having the promise of going after big markets growing fast, [will be] receiving a lot of funding and momentum.” But on the other side,
AI startups will need ‘quality of revenue’ to raise in 2025, seed VCs warn Read More »
The hype is palpable: As tech folks from near and far converge for TechCrunch Disrupt 2024 in San Fransisco — one of the only places where Waymo is available to the public — there’s ample chatter about the autonomous vehicle service. “If you think about AI hype and all, everyone gets excited about what 10
Investor Wesley Chan has shown a knack for making very early investments into multi-billion-dollar unicorns, such as Plaid, Gusto, Flexport, and, most recently, Canva. Chan comes from an unconventional background — he grew up in an immigrant family and had only middling grades in high school. But he landed a job washing test tubes in
Wesley Chan on what he looks for as he’s shopping for potential unicorns Read More »
