Near the corner of Sixth and Market streets in downtown San Francisco, Frontier Tower has become a 15-story haven for the wildest and weirdest thinkers in technology. Floor 11 is full of longevity and health tech enthusiasts. The crypto folks are a floor above, with a lounge full of expensive furniture. AI is on floor 9. And the big event there this weekend is down on floor 8, where a... Read more âș
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Detroitâs Big Three carmakers and the United Auto Workers union are slugging it out over higher wages, pensions and shorter workdays as a deadline looms this week in their latest four-year round of contract negotiations. But the unseen driver in the strategies of the two sides is survival amid the shift to electric vehicles, the most fundamental retooling of the industry since the introduction of the assembly line more than... Read more âș
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Hi, welcome to your Weekend.âThe playa doesnât give you what you want. It gives you what you need.â Iâve been hearing that old Burning Man saw around these parts since the early 2000sâmost recently by a participant in this weekendâs cover story, The Instant Oral History of âTrench Foot Burning Man.â But never has the truism seemed more true than at this yearâs Burn. So what did the playa give... Read more âș
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Adventurer: James Currier, founding partner at NFX, co-founder of Tickle, Wonderhill, IronPearl Escapades: Long-haul sailing, Himalayan treks, snow camping It was 10:40 p.m. one night this June when NFX founding partner James Currierâs 30-foot-long sailboat suddenly lurched sideways, shoved by an unknown force beneath the Mediterranean waves. Currier, who was sailing from Portugal to Greece with two of his four sons, kept one eye on the rocky shore, which grew... Read more âș
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Itâs day 3 of the Flexport CEO shakeup saga, which seems the perfect set up for a corporate TV drama, if only Hollywood writers werenât on strike. Todayâs developments included Flexport founder and once-again CEO Ryan Petersen not-so-subtly criticizing the management of Dave Clark, the former Amazonian ousted as Flexport CEO on Wednesday after a year in the job. Petersen tweeted today that he was rescinding 75 job offers for... Read more âș
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Some of the most active startup investors have been hanging a âfor saleâ sign on their portfolios at a time when venture investors are finding it increasingly difficult to raise new venture funds. Insight Partners has considered selling a stake valued at $400 million in Left Lane Capital, a consumer-focused venture capital firm founded by a former Insight principal, according to a person with direct knowledge of the matter. Insight... Read more âș
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Burning Man 2023 began on Sunday, August 27, as it normally does: with several days of blistering sunshine, pounding bass and playa dust. Then, between Friday and Saturday, a surprise deluge hit northwest Nevadaâdumping two monthsâ worth of rain in 24 hoursâand things really began to get interesting. Justin Kan, general partner at Goat Capital and co-founder of Twitch: This is my 10th year at Burning Man. Monday through Friday... Read more âș
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There arenât many business books that tell you to fire your customers. But there should be. Enterprise value > revenue was a big theme on this week's pod along with more conversation about the huge shifts happening in how consumer startups make money and get financed. I even got a John Malone fax story in. Hope you enjoy, and please send us feedback and share your thoughts via a review.... Read more âș
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By the time Jonathan Greenblatt jumped on the phone at 10:30 a.m. Pacific time this Wednesday, he had already made the rounds on CNN, CNBC and MSNBC. It had been a high blood pressure day for the CEO and national director of the Anti-Defamation League. And that was before X owner Elon Musk fired off the latest in a barrage of tweets taking direct aim at âJonathan at ADL,â whom... Read more âș
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Chatter around initial public offerings appears to be enticing investors to bid for shares of private companies on secondary markets, but not always the price theyâre willing to pay for those shares. Caplight, which tracks private markets, said the dollar value of bids to buy shares of pre-public companies more than doubled this year through August, compared with the same period last year. Offers to sell shares were largely unchanged.... Read more âș
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For more than a decade, the Raine Group has wielded its connectionsâespecially to SoftBank CEO Masayoshi Sonâto land big deals and punch above its weight on Wall Street. Next week, one of the most hotly anticipated initial public offerings in years will serve as the latest test of their partnership. Raine holds a flagship position on SoftBank-owned Arm Holdingsâ blockbuster offering, which could be a coup for a bank that... Read more âș
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A U.S. government probe of a high-risk âtrading siteâ called MyForexFunds, which the government has accused of operating a Ponzi scheme, has entangled others from the fintech industry. The Commodity Futures Trading Commission, during an investigation of MyForexFunds that covered a period between late 2021 and late 2022, subpoenaed Deel and Coinbase for information about payments between the services, according to a court document seen by The Information. Read more âș
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So much for business as usual. The abrupt ouster of Dave Clark as CEO of Flexport is not just a story about the startup world rejecting a big tech (in this case Amazon) executive. Itâs not just a story about a founder who regretted stepping aside, who probably didnât love the life of a venture capitalist and decided to jump back in. Itâs really a story about how the playbook... Read more âș
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Dave Clark knew something was off when the executive chairman of Flexport, Ryan Petersen, showed up on the video call on Wednesday with Robert Swan, a board member at the freight forwarder. Clarkâa former star Amazon executive whom Petersen had lured to Flexport to become its CEO last yearâhad expected Petersen to be on the call by himself. Petersen and Swan quickly broke the news to Clark: Wednesday was his... Read more âș
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A decade ago, companies tapped college students to hand out t-shirts, rep their gear (think: wearing a Red Bull backpack to class), and give out flyers on university campuses. Now, many of these college ambassador programs are turning college students into mini influencers. For beauty company Clinique, for example, students create and post content on Instagram and TikTok to âcreate buzzâ about its products. And they must have a modest... Read more âș
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Welcome back!For months Iâd heard murmurings about Midjourney, a little artificial intelligence image generator company that had grown to almost 15 million users and hundreds of millions in revenue without any venture funding. I found that the company is also profitable, a major feat for a bootstrapped startup. (Read my profile of the startup and its eclectic founder, David Holz.)Â I also discovered that Discord, a gaming chat valued at... Read more âș
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Dave Clark, a veteran Amazon executive who helped transform the company into a logistics juggernaut, made a huge splash last summer when he announced he was joining Flexport, a startup looking to shake up the old school freight business that had ballooned to an $8 billion valuation with backing from SoftBank and Andreessen Horowitz. But Clark, who had earned a reputation as a big spender and bold risk taker at... Read more âș
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The one constant of 2023 has been a sense of accelerating change as media businesses shift from distributing content through intermediaries such as cable providers to engaging directly with consumers. Change alone creates uncertainty. Change in areas where recent attempts to navigate a transition have largely failed is scary for managers and investors alike. The situation reminds me of the final moments of âIndiana Jones and the Last Crusade,â when... Read more âș
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In the race to win the large-language model race, one big tech name has not surfaced as a contestant: Apple. Until now.My colleague Wayne Ma reported on Wednesday that Apple created a team four years ago, long before the current generative AI hype cycle, to develop large-language models. In other words, Apple may not be as much of an LLM laggard as people thought.That shouldnât be surprising, given that Apple... Read more âș
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After years of anticipation, a trial next week in Washington, D.C., will attempt to answer a critical question: Did Google break antitrust laws by striking deals with companies like Apple and Samsung to make its search engine the default on their products? Those business arrangements are expected to be at the heart of the 10-week trial, which will shed new light on Googleâs path to dominating the search market and... Read more âș
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The Inflation Reduction Act was meant to keep companies like Huayou Cobalt, a leading Chinese supplier of battery-grade nickel to Western carmakers including Tesla, Ford and Volkswagen, out of the U.S. battery supply chain. But the company is attempting to break into the U.S. market anyway and qualify for IRA tax credits.In a conversation this week, an executive from Huayouâs U.S. strategy team provided one of the clearest glimpses yet... Read more âș
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09.04.2026 20:26
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