Sequoia Capital is debuting a big shift in strategy as they look to boost their returns amid increased competition in the market for startup financing. The storied venture capital firm announced in a blog post today that they’re breaking with tradition, abandoning the traditional fund structure and their artificial timelines for returning LP capital. The […]
a16z, Base Partners cook up $15M in funding for Colombia cloud kitchen concept Foodology
Foodology collects data on user preferences and cross-references that with nearby food options in a geographical area to manage the end-to-end creation of original dishes with delivery.
Renowned investor Kevin Ryan thinks the big money is in healthcare
Kevin Ryan has become very wealthy by being at the right place at the right time — including at online ad network DoubleClick, which he joined as its twelfth employee and eventually ran as CEO (it was later acquired, twice) — as well as co-founding numerous companies, including the software company MongoDB, which is currently […]
Reid Hoffman on the evolution of ‘blitzscaling’ amid the pandemic
“Blitzscaling itself isn’t the goal,” said Hoffman. “Blitzscaling is being inefficient; it’s spending capital inefficiently and hiring inefficiently; it’s being uncertain about your business model; and those are not good things.”
All Day Kitchens wants to expand every independent restaurant’s delivery network
The company is partnering with restaurants to share their food across a city via a network of satellite kitchens without having to put up any upfront costs.
Fivetran hauls in $565M on $5.6B valuation, acquires competitor HVR for $700M
Fivetran, the data connectivity startup, had a big day today. For starters it announced a $565 million investment on $5.6 billion valuation, but it didn’t stop there. It also announced its second acquisition this year, snagging HVR, a data integration competitor that had raised over $50M, for $700 million in cash and stock. The company […]
Andreessen Horowitz’s crypto boss Katie Haun is coming to Disrupt
The crypto space has matured so much in so little time, but even amid a blockbuster year, it’s still facing down the existential risk of aggressive regulation from U.S. agencies. All the while, venture capital firm Andreessen Horowitz has been tirelessly building out a major crypto arm dedicated to ensuring that the firm will be […]
OpenSea admits incident as top exec is accused of trading NFTs on insider information
The “eBay of NFTs” is running into a scandal as it admits one of its employees traded the crypto digital assets using insider information from the platform. Yesterday, a top executive at NFT platform OpenSea was accused of front-running sales on the platform, purchasing pieces from NFT collections before they were featured on the homepage […]
SpotOn raises $300M at a $3.15B valuation and acquires Appetize
Last year at this time, SpotOn was on the brink of announcing a $60 million Series C funding round at a $625 million valuation. Fast forward to almost exactly one year later, and a lot has changed for the payments and software startup. Today, SpotOn said it has closed on $300 million in Series E […]
Indian crypto exchange CoinSwitch Kuber in talks to raise funds at unicorn valuation
Indian crypto exchange CoinSwitch Kuber is in advanced stages of talks to raise a new financing round at up to $2 billion in valuation, several sources familiar with the matter told TechCrunch. If the talks materialize in a deal, CoinSwitch Kuber will become the second crypto startup in the world’s second largest internet market to […]