On August 5, Palantir’s CTO Shyam Sankar stood in front of about 20 nervous new employees at the company’s Washington, D.C. office and gave a speech you’d expect at a new hire meeting: company mission, Palantir’s history, etc. But there was one part that would’ve seemed unfathomable a few years ago: Sankar evangelized the importance […]
On August 5, Palantir’s CTO Shyam Sankar stood in front of about 20 nervous new employees at the company’s Washington, D.C. office and gave a speech you’d expect at a new hire meeting: company mission, Palantir’s history, etc. But there was one part that would’ve seemed unfathomable a few years ago: Sankar evangelized the importance
Stock-trading startup Public has acquired the brokerage accounts of Carta’s secondaries business, TechCrunch has confirmed. Carta, best known for its cap table management software, sits on a stockpile of data. It tried to expand into the bubbling hot secondary marketplace brokerage business, but in January, a startup customer publicly accused Carta of using the startup’s
Carta’s ill-fated secondaries business finally found a buyer Read More »
New Enterprise Associates (NEA) is getting back into the secondaries game. The Silicon Valley-based VC raised more than $468 million for NEA Secondary Opportunity Fund, according to an SEC filing. The fundraise closed on July 3, according to a source familiar with the matter, but hasn’t received much attention. The fund raised capital from more
NEA quietly reenters the secondaries market Read More »
One-click checkout tech company Bolt is still waiting to find out if shareholders will sign off on a proposed funding round with stipulations that founder Ryan Breslow would return as CEO. In the meantime, Axios’ Dan Primack did some digging around on The London Fund, a firm that is supposed to provide up to $250 million in “marketing credits”
One of Bolt’s proposed new backers, The London Fund, has been scrubbing its web page Read More »
Fluid Truck, a startup that was founded to disrupt the commercial vehicle rental industry, has ousted its sibling co-founders – CEO James Eberhard and chief legal counsel Jenifer Snyder – according to sources familiar with the matter. The shakeup, which employees have described as a hostile takeover, was led by two minority investors on the
Fluid Truck’s board ousted its sibling co-founders amid allegations of mismanaging funds 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 »
The success of Palantir and Anduril hasn’t just spawned a new generation of aspiring tech companies looking to elbow between Boeing and Lockheed as new defense primes. It has now created a new ecosystem of startups that can serve other defense tech startups. One such startup is Pryzm, founded in 2022 to streamline data around
In Latin American countries like Brazil and Chile, messaging platform WhatsApp has become one of the most popular apps to buy things online. It was even the ecommerce platform of choice in the region during the pandemic. But WhatsApp is designed to be a messaging platform, not an e-commerce site. A startup called Mercately is
How Techstars, Meta helped profitable LatAM startup Mercately raise a $2.6M seed Read More »
The SEC has updated the dollar threshold for a vehicle to be considered a “qualifying venture fund” to $12 million from $10 million. Qualified venture funds are a subset of venture funds that can raise from up to 250 accredited investors while also being exempt from having to register with the SEC as an investment
The SEC just made life a little easier for smaller VCs Read More »
