Venture Capital
The enterprise messaging company gets a lofty valuation even amid a funding downturn.
No, he’s not planning on retiring just yet.
Here’s a guess: Videos.
Founders Fund now manages more than $3 billion.
After five years, the Utah-based startup’s plans are coming into sharper focus.
“Startups copy what good companies do because they think it contributes to success. ... If you’re going to copy, copy the really important stuff like a diverse workforce.”
Plus: Competition for Twitch, better DNA sequencing for academia and small business loans for veterans.
He’s taking a seat on the board of the VC firm’s biggest single investment.
More data to back up the gloomy vibes.
Penrose was founded by Oculus Story Studios co-founder Eugene Chung.
The service, which launched in 2015, boasts 40,000 subscribers paying $10 a month.
Snapchat keeps the same valuation it scored last May.
Postmates was expected to record $60 million in revenue in 2015, but the startup is unprofitable.
Snapchat is raising more money.
The fast-growing office-communication service is the darling of a space whose prospects have recently become cloudy.
Plus, UPS makes its own delivery bet.
The move has “nothing to do” with Dell’s buyout of EMC. Honest.
Is your company on this down-round list?
The grocery store and the delivery startup are taking their relationship to the next level.
“Since companies don’t know what the outlook will be, they’re saying let’s hold off.”
And Giphy is now valued at $300M.
Barna will be based in New York City and focus on consumer startups in e-commerce and beyond.
Water for Flint used GoFundMe to purchase and distribute 76,800 bottles of water for people in the community.
Uber found another $200 million.
Magic Leap raised another gargantuan round.
After School raised a sizable round despite nearly running itself off the road.
It gets at least $827 million more to build a real-life version of “The Matrix” mated with “Harry Potter.”
A startup specializing in deep linking technology also raised a big round.
A lot of lending startups raised cash as well.
The move is a poke at AT&T and Verizon, which charge hefty fees to take phones abroad.
Kumu Networks promises a breakthrough by allowing cell towers to send and receive data at the same time over the same piece of the wireless airwaves.
The bubble isn’t popping. Think of it as deflating.
More bad news for unicorns.
The investment is believed to be the company’s first in a U.S. e-commerce startup.
Down is the new Up.
PricewaterhouseCoopers and the National Venture Capital Association have combed through data from Thomson Reuters to create a new report. It’s not pretty.
Former COO Jeff Glueck is the new boss.
Car tech and cancer tech raised major money this past week.
There were nine new unicorns in Q4. There were 23 in Q3.
With this move, the Detroit automaker is admitting that the future is about services and not car sales.