Social Capital, the investment firm led by venture capitalist Chamath Palihapitiya, tried to sell stakes in hundreds of young companies in June of this year, according to people familiar with the matter. The stakes for sale were worth $312 million in total based on the valuations at which the companies last raised money, the people said. It’s not clear what prompted Social Capital to want to sell its stakes in... Read more ›
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Klaviyo, the e-commerce marketing software provider backed by Accel and Shopify, has whipped itself into shape ahead of its public debut. Its initial public offering documents, disclosed on Friday, revealed it turned profitable in the first half of the year after it reined in cloud computing costs and raised prices. Even so, at prevailing valuations for other comparable public companies, such as HubSpot and Braze, Klaviyo is likely to be... Read more ›
97
We’re starting the new week with fundraising news about a fast-evolving part of generative artificial intelligence: video.Tavus, a two-year-old startup whose software helps companies customize videos they can then send to prospective customers, job candidates and others, has raised about $18 million in Series A funding at a $80 million post-investment valuation, five months after closing its seed round, according to a person with direct knowledge of the fundraising.The startup... Read more ›
6
Times are grim for startups that sell products and services to creators. Some are folding, while others can’t pivot their businesses away from the creator economy fast enough. The creators themselves, however, are proving to be far more resilient. Consider Katerina and Yinon Horowitz, a couple who quit their full-time jobs four years ago to finance their world travels through their blog and Instagram account. When the pandemic torpedoed the... Read more ›
0
On Aug. 15, a California-based executive of Chinese battery company Gotion posted a message on LinkedIn, offering lithium-ion batteries at a “significant” markdown. “If you are interested in cells, modules, packs, or systems and would like to take deliveries in the next 6 months—let’s talk,” wrote Vikash Venkataramana, Gotion’s vice president of energy storage solutions for the U.S.Venkataramana’s public pitch for customers was surprising in an intensely secretive industry where... Read more ›
0
If you’re Sergey Brin, Evan Spiegel, Jan Koum, Jeff Bezos, Laurene Powell Jobs, Eric Schmidt, Yuri Milner or any one of dozens of other modern-day tech moguls, it’s not enough to just own a yacht. Now you might need two—one for you and your guests to ride on, and one to act as a “support vessel,” tailing you around the seven seas while towing submersibles, seaplanes, helicopters or just some... Read more ›
0
Selin Tyler was frustrated. The director of product marketing and business operations for Dolby Technologies was stuck in what she called “a cycle of trial and error” with her skin. She turned to Parallel Health, a beauty company focused on custom skin care, set to launch next month. Tyler joined the brand’s 2021 ​​Institutional Review Board-backed study and tested customized products tailored to her microbiome. Now she’s wedded to her... Read more ›
0
Hi, welcome to your Weekend.It’s Annie here, stealing this week’s newsletter opener from Jon (don’t worry, he knows). I wanted to properly introduce The Information Weekend’s first ever Brain-Body Investment Survey, which we’ve been working on over the past month. In my nearly two years at The Information, I’ve taken special interest in Silicon Valley’s wellness trends, writing about cold-plunge junkies, founders who take a pharmacy’s worth of supplements every... Read more ›
0
We’re back in the Bay Area this week and thinking a lot about the future of this place. And so, inevitably, the squad (quad?) got to talking about the future of startup work culture. I had no idea my friends (and husband) thought it was so broken. That, plus Nvidia's blowout earnings. Hope you enjoy. Spotify Apple YouTube Read more ›
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That special category of finance geeks who know what the term S-1 means (it’s a fancy industry term for an IPO filing) had their hands full this week, the first time in a long while we’ve seen a bunch of tech companies filing to go public. (Pause here for clapping.) After Monday’s filing by Arm, today brought filings from Instacart (known technically as Maplebear, surprisingly!) and Klaviyo, an email marketing... Read more ›
3
How is Instacart trying to ensure the first major initial public offering of a venture-backed company in more than 18 months goes smoothly? By getting support from some of its friends…and the Norwegian government. In the paperwork it filed Friday, Instacart named Pepsi, one of its major advertisers, as an investor that will buy $175 million of new convertible shares at the IPO price in a separate private placement. Instacart... Read more ›
0
Silicon Valley has long been the haunting ground of the ultramarathon runner, the supplement stacker and the quantified selfer. But recently, tech leaders' passion for fitness and wellness hacks have spilled over into the mainstream. Blame the growing adoption of nutritional supplements, the dawning acceptance of hallucinogens or the podcast stylings of Andrew Huberman, but what begins in Silicon Valley often ends up permeating the rest of the world. At... Read more ›
8
The Information readers have heard the chatter about a coming wave of initial public offerings. In our monthly survey, more than 40% of the 660 respondents expected new listings to pick up this year, and almost 60% expected the pace to accelerate by the first half of 2024. Equally interesting is which companies respondents think will go public. That list included some of the usual suspects, such as Stripe, even... Read more ›
0
Bankers are busy. IPO lawyers are hard to reach. It’s go time again for Silicon Valley IPOs. Arm, Instacart and Klaviyo are preparing their offerings, with filings from the last two expected tomorrow. Beauty company Oddity and restaurant brand Cava have gone out and are trading above their IPO prices. Companies are hiring chief financial officers who can take them public. And venture capitalists are excited that the market is... Read more ›
0
Amazon has had early talks with Disney about working on the streaming version of ESPN it is developing, said people familiar with the matter. The tech giant could offer the service through one of its streaming offerings, helping to expand its distribution, while possibly also taking a minority stake in ESPN. Such an arrangement could shore up ESPN’s status as the biggest force in sports media, even as declining TV... Read more ›
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The Hollywood strike has highlighted the lack of a similar labor movement within the creator economy, but new efforts to change that are emerging. The latest: the Creators Guild of America, a new group that aims to protect the rights and promote the interests of digital creators, launches Thursday. The nonprofit advocacy organization backed by creators such as YouTuber Justine Ezarik (iJustine) plans to provide its members with benefits such... Read more ›
17
The U.S. Securities and Exchange Commission approved new rules for private funds Wednesday meant to give limited partners—the individuals and institutions that invest in these funds—more transparency. The ramifications for the much larger private equity industry have drawn most of the attention, but venture capital funds will also need to bend to the new rules. VC firms will have to provide their LPs quarterly financial statements, which remarkably isn’t standard... Read more ›
2
Ticket-reselling company StubHub has hired a new finance chief to try to take it public next year, following the departure of its previous CFO in 2022, according to people familiar with the matter. StubHub’s new CFO is Connie James, the people said. She stepped down last month from the same post at Light & Wonder, a publicly traded company that sells slot machines to casinos. StubHub is one of many... Read more ›
26
Convoy, a digital trucking marketplace that counts Jeff Bezos and Bill Gates as angel investors and Fidelity and T. Rowe Price as later-stage backers, is weighing strategic options that could include a sale of the company, according to people familiar with the matter. The company, which competes with Uber Freight, hired an investment bank within the past few months to explore options that could also include a merger or a... Read more ›
9
Apple in June revealed its Vision Pro mixed-reality headset, which it hopes will change how humans engage with technology as much as—or perhaps more than—the iPhone and mobile computing did. Developers building for this new platform don’t think of themselves as just creating applications, but new digital worlds that users will inhabit. But the Vision Pro is arriving in a very different physical world, marked by an increasingly tense intersection... Read more ›
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Most popular sources
Tech Wire Asia
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32% 23 |
Business Insider
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23% 10 |
Android Authority
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6% 2 |
Eurogamer.net
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5% 2 |
The Verge
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5% 2 |
| View sources » | |
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30.11.2024 07:35
Last update: 07:30 EDT.
News rating updated: 14:30.
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