jp morgan

Javice found guilty of defrauding JPMorgan in $175M startup purchase

Fintech /

Charlie Javice, the founder of student loan application startup Frank that was purchased by JPMorgan for $175 million, was found guilty on Friday of defrauding the bank by greatly inflating the customer count. After a five-week trial, the jury found Javice guilty, agreeing with prosecutors’ claims that she fabricated the vast majority of Frank’s customer […]

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Marc Andreessen dreams of making a16z a lasting company, beyond partnerships

Venture /

Many venture industry observers have wondered whether Andreessen Horowitz, a firm that manages $45 billion, has its sights on eventually becoming a publicly traded company. Co-founder Marc Andreessen said he isn’t “chomping at the bit to take the firm public,” on this week’s Invest Like the Best podcast. But he discussed his goal of building

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JP Morgan’s head of startup banking says ‘Founder Mode’ won’t get you a unicorn

Venture /

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

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How a B2B payments startup won Max, Jack and Sam Altman, JP Morgan as investors

Startups /

It’s not everyday that OpenAI founder Sam Altman teaches your class at Stanford, but that’s the kind of entrepreneurial spirit Lawrence Lin Murata, co-founder and CEO of Slope, tapped into as he and Alice Deng build their B2B payments company. “We met back in 2016 when he taught a class called ‘How to Start a

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