Tag: Venture Capital

Why Don’t Rich People Just Stop Working?

“Billionaires should not exist,” Senator Bernie Sanders said last month. And, at the Democratic presidential debate this week, he said that the wealth disparity in America is “a moral and economic outrage.” “Senator Sanders is right,” said Tom Steyer, a businessman from California who happened to be the only billionaire onstage that night (as far […]

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Trust Ventures raises $70 million for startups targeting public policy and social problems

Trust Ventures has raised $70 million for a second venture capital fund that focuses on startups tackling social issues or significant publicy policy matters. It’s based on the notion that startups can accomplish great things for society, as well as making money. More than $70 million has been committed to the Austin, Texas-based fund, but […]

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Silicon Valley Is Trying Out a New Mantra: Make a Profit

SAN FRANCISCO — Fred Wilson, a venture capitalist at Union Square Ventures, recently published a blog post titled “The Great Public Market Reckoning.” In it, he argued that the narrative that had driven start-up hype and valuations for the last decade was now falling apart. His post quickly ricocheted across Silicon Valley. Other venture capitalists, […]

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AI startups on pace to break funding records in 2019

Artificial intelligence’s potential to transform a growing range of industries has venture capitalists writing checks to promising startups at a rate that will likely set a new record in 2019 for the industry. According to the Q3 2019 data from the National Venture Capital Association, 965 AI-related companies in the U.S. have raised $13.5 billion […]

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Wall Street Skeptics Poke at Start-Up Bubble

This was supposed to be the year when America’s biggest start-ups would finally make their triumphant debut on the stock market. Billionaire Silicon Valley investors, sneaker-clad founders and button-down bankers all expected enormous stock sales to turn companies like Uber, Lyft and WeWork into a new generation of corporate giants. It hasn’t quite turned out […]

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SoftBank Bet Big on Disruptive Companies. Many Have Not Paid Off.

Anyone who has taken an Uber, sent a Slack message or enjoyed a free beer at a WeWork owes a little something to Masayoshi Son. Through his Japanese conglomerate SoftBank and a $100 billion investment fund, Mr. Son plowed huge sums into these and other companies that aim to change how people work, travel and […]

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Silicon Valley Goes to Therapy

SAN FRANCISCO — Silicon Valley told itself a good story, the best one, really: It was saving the world. For nearly a decade, this gave the modern tech worker purpose, optimism and self-confidence. Then came the bad headlines, followed by worse headlines — about the industry, about the country, about the world. In search of […]

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WeWork Delays I.P.O. After Chilly Reception From Investors

WeWork, the shared office space giant, was able to gain the backing of some of the world’s top investors, but it received a much colder reception when it tried to pitch its shares on Wall Street. Facing deep skepticism about its business model and corporate governance, the company has delayed its initial public offering by […]

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WeWork Pushes Back I.P.O. After Chilly Reception From Investors

WeWork, the office-space giant whose finances and corporate governance have drawn skepticism from some potential investors, has now suggested that it may not go public for another few months. The company had been expected to hold its initial public offering within weeks. But in a statement released late Monday night, WeWork’s parent, the We Company, […]

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Want to Do Business in Silicon Valley? Better Act Nice

The first rule of Silicon Valley venture capital is never insult a start-up. Founders are always killing it, disrupting the world or just plain 🙌🙌🙌. If a start-up is fizzling, shuttering or caught scamming? The socially acceptable response is total silence. Everyone knows that. Except Jason Palmer. The start-up in question was AltSchool, a Mark […]

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WeWork Parent Considers Reducing Valuation Before I.P.O.

The parent company of WeWork, the fast-growing operator of so-called co-working spaces, is considering selling shares in an initial public offering at a significant discount to its valuation from earlier this year, according to two people familiar with the situation. The We Company is now in talks to value itself at $20 billion to $30 […]

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Why Uber Still Can’t Make a Profit

Listen and subscribe to our podcast from your mobile device: Via Apple Podcasts | Via RadioPublic | Via Stitcher Uber transformed American transportation and changed the United States economy. But a decade after its founding, the once-swaggering company is losing more money and growing more slowly than ever. What happened? [For an exclusive look at […]

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Peloton Is a Phenomenon. Can It Last?

As far as indoor cycling machines go, the $2,245 Peloton bike is nothing special. It has a sleek black and red frame. It has a big screen. It’s on Wi-Fi. But a combination of aspirational infomercials (“This … is fitness evolved.”) and streaming classes taught by glamorous instructors has led Peloton to sell 577,000 of […]

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Mews Systems raises $33 million for hotel and hostel property management tools

Mews Systems, a software startup developing property management solutions for hotel and hostel owners, today announced that it’s raised $33 million in funding led by Battery Ventures, bringing its total raised to over $40 million. CEO Matthijs Welle says the fresh capital will support Mews’ U.S. expansion, chiefly the opening of its New York City […]

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Brick & Mortar Ventures launches $97 million construction tech venture fund

Construction technology is a growing sector, which is why Brick & Mortar Ventures has raised a $97 million fund to invest in both hardware and software for construction-related industries. The San Francisco venture fund was founded by construction tech investment veteran Darren Bechtel and is backed by high-profile corporate funding sources. The fund targets emerging companies […]

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Bad Times in Tech? Not if You’re a Start-Up Serving Other Start-Ups

SAN FRANCISCO — Things should be dismal in Silicon Valley right now, with technology’s biggest companies under attack from regulators, lawmakers and even President Trump. Not for Henrique Dubugras and Pedro Franceschi. The two Stanford dropouts, both 23, are the founders of Brex, one of the hottest young companies today. Their start-up’s mission? To provide […]

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As RPA evolves, humans will increasingly take a back seat

The robotic process automation (RPA) industry has heated up over the last year with some of the leading players — like UiPath, Automation Anywhere, and Blue Prism — growing much faster than expected. At Transform 2019 this month, Guru Chahal, founder of Lightspeed Venture Partners, and Lan Xuezhao, CEO of Basis Set Ventures, attributed some […]

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Meet the 4 Black Men Who Are Shaking Up the White Male-Dominated Venture Capital Investment World

John Henry, left, Henri Pierre-Jacques, Brandon Bryant and Jarrid Tingle, co-founders of Harlem Capital.Photo: Leyla Ismen The last few months have been a whirlwind for four young black businessmen who are quickly becoming superstars in the business investment arena. In a space long dominated by white men, these brothers are carving out a niche that […]

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The Very Small World of VC

In the 19th century, there was a lot of money to be made tracking down sperm whales off the coast of Massachusetts—harpooning them, melting down the fat into oil, and bringing the bones ashore. A single voyage could bring in $100,000, the equivalent of over $3 million today. But it wasn’t easy. In 1858, around […]

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A Unicorn Lost in the Valley, Evernote Blows Up the ‘Fail Fast’ Gospel

Smiling cryptically, Ian Small, the chief executive of Evernote, handed me some socks. Nice ones: black in the calf, striped in the foot, with matching pops of sky blue at the toe, heel and welt. The knit was Japanese, dense and springy, and contained 1 percent polyurethane. Marketing language described them, insanely, as “smart covers […]

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