A crew of tech billionaires have been trying to get the California Forever project off the ground, which would create a new, supposedly utopian city on land north of the Bay Area. That project is on hold until 2026, when it’s likely to appear on local ballots, but TechCrunch learned that this isn’t the only […]
Tech billionaires want to build a utopian city in California Read More »
Neil Mehta, the VC behind the acquisition of a string of properties on San Francisco’s tony Fillmore Street, made waves earlier this week for reportedly throwing long-established local restaurants to the curb to bring in more high-end retailers. The San Francisco Chronicle talked, for example, to the owner of Ten-Ichi, a neighborhood sushi restaurant for
The VC quietly nabbing prized SF property is planning a ‘Y Combinator for restaurants’ Read More »
Colorful Capital, which launched in 2022 to focus on investing in LGBTQIA+-identifying founders, will end its attempts at raising a fund, according to an email seen by TechCrunch. It’s unclear if the firm is shutting down for good. Colorful Capital’s co-founders, William Burckart and Megan Kashner, declined to comment. A former employee who used to
Colorful Capital will stop trying to raise for a fund Read More »
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 »
