Whether or not we’re at some kind of tipping point right now, venture investors, old and new, have done very well in recent years, with their limited partners notching the biggest gains in decades. Among the newer VCs to be having a time of it is Bradley Tusk, the political strategist, lobbyist and founder of […]
Gingko Bioworks, valued at $15B, begins trading today: Here’s how their business works
Gingko Bioworks, a synthetic biology company now valued at around $15 billion, begins trading on the New York Stock Exchange today. Gingko’s market debut is one of the largest in biotech history. It’s expected to raise about $1.6 billion for the company. It’s also one of the biggest SPAC deals done to date — Gingko […]
Chamath Palihapitiya is coming to Disrupt
Retail investors love him. Venture capitalists envy him. But pretty much everyone writing checks these days is paying attention to Chamath Palihapitiya, whose star has been on the rise since the outset of his career at an early online media player called Winamp that was acquired by AOL. Indeed, over the last 20 years, Palihapitiya […]
Forge’s SPAC deal is a bet on unicorn illiquidity
The total addressable market that Forge serves is growing by the day, with more and more unicorns being born and a steady drumbeat of unicorn IPOs doing little to clear the decks.
Anatomy of a SPAC: Inside Better.com’s ambitious plans
“We aren’t so easily categorized,” said Better CEO Vishal Garg.
Forbes jumps into hot media liquidity summer with a SPAC combo
Is it the most exciting debut? No. But it does highlight that with enough gumption, one can take a magazine business into the digital age and keep aggregate revenue growing. That’s worth something.
Equity Monday: Stocks up, cryptos up, regulation up
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You […]
Virgin Orbit to go public via $3.2B SPAC deal
Virgin Orbit is set to go public via a merger with a special purpose acquisitions company (SPAC), the company has confirmed. The deal values the combined enterprise at $3.2 billion, and will provide Virgin Orbit with $483 million in cash at close, including a $100 million PIPE. The combined company will trade under the ticker […]
Bird shows improving scooter economics, long march to profitability
Newly reported financial data from Bird, an American scooter sharing service, shows a company with an improving economic model, and a multi-year path to profitability. However, that path is fraught.
Joby Aviation makes its public trading debut on the NYSE
Joby Aviation is now public, 12 years after JoeBen Bevirt founded the company at his ranch in the Santa Cruz mountains. The air taxi developer began trading on the New York Stock Exchange on Wednesday under the ticker symbol “JOBY,” after completing a merger with special purpose acquisition company Reinvent Technology Partners. As of 10:00 […]