James McGinniss has been obsessed with decarbonization and the energy grid since he was a high schooler over a decade ago. Now, his startup David Energy has a lofty goal: getting the energy grid to run entirely on clean energy in the next 10 years. Brooklyn-based David Energy is a software-enabled retail energy provider. It […]
David Energy is going up against Goliath energy incumbents Read More »
Flow, Adam Neumann’s co-living startup, opened a compound with 238 apartments in Saudi Arabia’s capital, Riyadh, and Forbes has some details. The opening included an Aztec-themed hot chocolate ceremony and tote bags with the words “holy s— I’m alive” on them. The rent for the furnished units starts at $3,500 a month and includes hotel-style
Adam Neumann’s startup Flow opens co-living community in Saudi Arabia 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 »
Ashraf Hebela, J.P. Morgan’s Head of Startup Banking, may sit on the finance side of startups these days. But he once sat in the founder seat. It’s been his experience in these two worlds — as a founder and a decades-long finance career including a 13-year stint at Silicon Valley Bank — that informs his
JP Morgan’s head of startup banking says ‘Founder Mode’ won’t get you a unicorn 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 »
Insight Partners is reportedly on the cusp of on more than $10 billion in capital commitments for its 13th fund, per the FT. The FT report notes that two of Insight’s portfolio companies were acquired in the last week. One of these, the threat intelligence company Recorded Future, which sold to Mastercard for $2.65 billion,
Insight Partners is closing in on a whopping $10B+ new fund Read More »
It’s looking increasingly likely that OpenAI will soon alter its complex corporate structure. Reports earlier this week suggested that the AI company was in talks to raise $6.5 billion at a $150 billion pre-money valuation. Now Reuters says the deal is contingent on whether OpenAI can restructure and remove a profit cap for investors. In
OpenAI could shake up its nonprofit structure next year Read More »
In early 2018, VC Mike Moritz wrote in the FT that “Silicon Valley would be wise to follow China’s lead,” noting the pace of work at tech companies was “furious” and that China offered “investment opportunities in the best companies.” Soon after, it all imploded. Worse, as the FT notes in a new piece, between
This is how bad China’s startup scene looks now 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. This week once again proved that the startup world isn’t homogeneous when it comes to risk-taking. Let’s have a look. Most interesting startup stories from the week
Some startups and investors are more risk-averse than others Read More »
Keith Rabois, managing director of Khosla Ventures, was having dinner with a “very successful CEO” in October 2018 when the CEO asked him a question. How many people does it take to create a whole new Silicon Valley? Is it 10,000? 100,000? Rabois didn’t know, but he decided to accept the challenge and set about
Keith Rabois says Miami is still a great place for startups, even as a16z leaves Read More »
