Just over 24 hours into its open beta, Visionrare, which launched an NFT marketplace for “fantasy startup investing,” is temporarily shutting down and refunding users who purchased shares, saying it will relaunch soon as a free-to-play game. The platform allowed users to bid on auctions of fake NFT shares of real startups, building up a […]
Informatica’s IPO will test public markets’ appetite for slower-growing tech offerings
How strong of a cloud business has Informatica managed to build, and how winsome is its economic profile? It has yet to set an IPO price range, but there are reports of a valuation as high as $10B.
Morrisons’ new owner has plenty of wiggle room in takeover terms | Nils Pratley
CD&R has made fine-sounding pledges but they don’t stop this being yet another debt-fuelled buyoutThe auction for Morrisons wasn’t worth the wait, but the mission to cast Clayton Dubilier & Rice as a kindly, far-sighted owner of the UK’s fourth…
Sainsbury’s shares rise as it is tipped as next takeover target
US company Fortress, which missed out on Morrisons, has said it is still eager to buy a UK firmSainsbury’s was the top riser on the FTSE 100 on Monday as investors bet that the supermarket chain could be the next target for a takeover after the US firm…
Labour and Lib Dems urge Morrisons owners to protect workers
Politicians say they will ensure the chain is not heaped with debt and stripped of assets after £7.1bn takeoverOpposition parties have urged Morrisons’ incoming private equity owners to protect workers and ensure that the supermarket is not heaped with…
Why and when startups should look to diverse sources of capital
Venture capital is a popular source of capital for early-stage startups, but it’s not the only one. Debt is an increasingly popular alternative, as is non-dilutive, revenue-based financing.
Morrisons sale: US firm CD&R wins £7bn auction for supermarket
Private equity business narrowly beats rival Fortress with offer that rises to £9.97bn when including debtThe US private equity firm Clayton, Dubilier & Rice (CD&R) is set to become the new owner of Morrisons after the grocer’s board backed its…
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.”
Where and when to spend your recently raised dollars
‘It’s easier to raise and harder to spend these days, because there’s such a high demand for talent.’
What you should know about working with corporate venture investment committees
Brian Walsh demystifies the role of the corporate venture capital investment committee and shines a light on how entrepreneurs can navigate some of the hidden pitfalls.