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 »
TechCrunch Disrupt 2024 is set to welcome an impressive lineup of judges for the Startup Battlefield 200 competition, presented this year by Google Cloud. These judges will decide which company will win the coveted Disrupt Cup and $100,000 prize. We’re pleased to announce that Navin Chaddha, the managing partner of Mayfield Fund, will be joining
Mayfield’s Navin Chaddha is coming to TechCrunch Disrupt 2024 Read More »
Lee Edwards, partner at Root VC, has a saying at his firm that “pro rata rights are earned, not given.” That may be a bit of a stretch since pro rata refers to a term that VCs put in their term sheets that gives them the right to buy more shares in a portfolio company
Seed VCs are turning to new ‘pro rata’ funds that help them compete with the big firms Read More »
According to a recent Dealroom report on the Spanish tech ecosystem, the combined enterprise value of Spanish startups surpassed €100 billion in 2023. In the latest confirmation of this upward trend, Madrid-based VC fund Seaya has closed Seaya Andromeda, an “Article 9” €300 million climate tech fund based out of Madrid. Article 9 refers to the EU’s Sustainable
Forestay, an emerging VC based out of Geneva, Switzerland, has been busy. This week it closed its second fund, Forestay Capital II, at a hard cap of $220 million. The VC wasn’t well known in Europe until it started to lead rounds in enterprise startups a couple of years ago, notably scanning software startup Scandit
Forestay, Europe’s newest $220M growth-stage VC fund, will focus on AI Read More »
Sidney Scott decided to take himself out of the venture capital rat race and is now jokingly auctioning off his vests — starting at $500,000. The Driving Forces solo general partner announced on LinkedIn this week that he was shutting down his $5 million fintech and deep tech VC fund that he started in 2020,
Deep tech VC Sidney Scott explains why he’s closing his firm as this area booms Read More »
What’s the common thread between Tesla, building startups, General Motors, venture capital and Lyft? Jon McNeill, co-founder and partner of DVx Ventures, joins TechCrunch editor Kirsten Korosec on Equity to discuss how Elon Musk’s pay package has influenced founders, when it makes sense to go light on cash and heavy on equity, and his firm’s
Jon McNeill on VC 2.0 and creating startups in house Read More »
Samyr Laine and his wife, Ayanna Alexander-Laine, started Freedom Trail Capital in 2023 and are working their way toward a $50 million fund. Both are former Olympians who competed for Haiti and Trinidad and Tobago, respectively, in the triple jump. Now they put their grit and determination to work for founders wanting to launch and
We live in a very different world since the Russian invasion of Ukraine in 2022 and Hamas’s Oct. 7 attack on Israel. With global military expenditure reaching $2.4 trillion last year, startups are hoping to get a share of the pie, and formerly reluctant investors are keen to help them do so. The U.S. budget
Defense tech and ‘resilience’ get global funding sources: Here are some top funders Read More »
Matrix is rebranding its India and China affiliates, becoming the latest venture firm to distance its international franchises. The U.S.-headquartered venture capital firm will retain its name, while Matrix Partners India will rebrand to Z47 and Matrix Partners China will rename itself MPC. Matrix began operating the India affiliated fund in 2006 and the China
Matrix rebrands India, China units for ‘organizational independence’ Read More »
