The Securities and Exchange Commission subpoenaed e-commerce software startup Bolt and sent a notice to co-founder and former CEO Ryan Breslow last year over their past statements to current and potential investors, according to an April 2023 letter from a lawyer representing two of Bolt’s major investors. Brian Reinken of WestCap Management and Arjun Sethi of Tribe Capital Management claim Breslow misled investors when he was raising Bolt’s $355 million... Read more ›
17
Last week, things finally seemed to be stabilizing for employees of Cameo—an online marketplace where people can pay supporting cast members of “Seinfeld” and other celebrities to record personalized video messages. After two rounds of layoffs in 2022 that had gutted the size of its staff, Cameo had flown dozens of employees to its Chicago office from around the U.S. and the world, from Mexico to Malta, for an annual... Read more ›
14
With another set of headlines about tech companies threatening to pull their products from the U.K. or the EU rather than comply with new regulations, I have to wonder: Will it actually happen? Because that would be an interesting shift.Today, Apple said it would remove FaceTime and iMessage from its products in the U.K. if the government goes ahead with a new act that would allow it to vet and... Read more ›
1
As the chart above shows, most social networks have dabbled with a feature, often dubbed disappearing stories, that lets users post photos or videos that are set to disappear off the app after a set amount of time, typically 24 hours. Twitch earlier this month announced it was jumping into the fray. The offering from Amazon-owned Twitch comes more than a decade after Snapchat made automatic deletion of its users’... Read more ›
0
Five partners have exited Sequoia Capital, I reported yesterday, one of the biggest personnel shake-ups at the legendary venture capital firm in recent history. It’s a sign of what’s coming for the broader industry. The departures included three junior dealmakers, or partners with less experience. Two of them, Kais Khimji and Daniel Chen, have already started artificial intelligence companies with Sequoia funding. In addition, two senior investors, including the firm’s... Read more ›
32
We are pleased to announce three new hires that will deepen our coverage of venture capital and startups, The Weekend’s feature stories, and artificial intelligence. Natasha Mascarenhas joined our venture capital and startups team in San Francisco, where she breaks news and delivers features on the most influential Silicon Valley investors and funding trends. Natasha took on the beat at a time when venture capital is in flux: After three... Read more ›
0
Apple is facing challenges assembling its two upcoming new iPhone models, the iPhone 15 Pro and Pro Max, which could lead to a shortage of units at launch in September, according to two people with direct knowledge of the issue. Apple’s suppliers are using a new manufacturing process for the two models, the most expensive of the upcoming series of iPhones, that will allow it to dramatically narrow the width... Read more ›
44
Threads, Meta Platforms’ competitor to Twitter, attracted 100 million sign-ups within five days of its launch earlier this month—including many readers of The Information. A narrow majority of respondents to The Information’s most recent survey said they had used Threads. Most seemed pleased. Roughly 80% of Threads users rated it at 3 or higher on a scale of 1 to 5, with 5 the best. Read more ›
0
Sequoia Capital’s Chinese affiliate, which is preparing to split from the Silicon Valley venture firm, is in talks to raise around 20 billion yuan ($2.8 billion) for a new Chinese currency fund from domestic backers including the government of the city of Hangzhou, according to a person with direct knowledge of the matter. Hangzhou’s local government revealed the registration of the latest Sequoia China yuan fund last year, but its... Read more ›
5
A former executive of battery cell maker Enovix has launched a startup to develop low-cost sodium-ion batteries, a new segment of the industry that does not use increasingly scarce lithium. The startup is among the first using the chemistry outside China, the world’s biggest producer of lithium-ion batteries, which has quickly taken a large lead in sodium-ion development.Spencer Gore, who until earlier this month was Enovix’s head of electric vehicle... Read more ›
21
The bulls are back in Netflix stock, even if the growth isn’t. Netflix on Wednesday reported just 2.7% higher revenue in the second quarter, below what it had projected, confirming that it’s now firmly in the class of slow-growing TV companies. Even excluding the impact of foreign exchange fluctuations, revenue grew just 6%—nothing to write home about. It’s a little hard to square that performance with a rally in Netflix... Read more ›
0
Even after funding for creator economy startups collapsed, some companies have been able to raise new capital, we reported last month. The latest is Karat. The startup, which offers business credit cards and financial services for creators, on Wednesday announced $70 million in Series B funding, including $30 million in debt financing from TriplePoint Capital and a $40 million equity round led by SignalFire. Other investors included popular creators such... Read more ›
0
Around 1.5 million people in the U.S. have signed up to pay for Netflix’s tier of service that carries ads, the streaming service has told advertisers in the past two weeks, according to industry executives. That’s a tiny fraction of both Netflix’s total U.S. subscribers and the roughly 30 million subscribers who pay for Hulu’s ad-supported tier, demonstrating that Netflix isn’t yet a force in advertising. Hulu’s ad-supported tier is... Read more ›
26
Happy Wednesday!Coinbase investors might be getting ahead of themselves. Coinbase shares, which have been on a tear lately, are now trading at a valuation not seen since fall 2021. Coinbase is currently trading at 8.3 times its next 12 months expected revenue (all data courtesy of Koyfin). The last time it consistently traded at that rich a multiple was November 2021—the same month bitcoin hit its all-time peak. But that... Read more ›
90
Sequoia Capital has shaken up its senior ranks, the latest indication of how its leader, Roelof Botha, is reshaping the storied venture capital firm during a period of tumult. The firm on Wednesday told its limited partners that longtime partner Michael Moritz would leave the firm and focus on the firm’s independent wealth management business, Sequoia Heritage, a spokesperson confirmed. Meanwhile Mike Vernal, a partner who focuses on early-stage startups... Read more ›
21
Earlier this month, OpenAI announced a new “superalignment team” with a goal to “solve the core technical challenges of superintelligence alignment in four years.” Ilya Sutskever, OpenAI’s co-founder and chief scientist, will make this research his core focus, and the company said it would dedicate 20% of its compute resources to its superalignment team. What exactly does “superalignment” or “superintelligence alignment” mean? It means preventing superintelligent computers that can match... Read more ›
2
In March 2020, as the Covid-19 pandemic began to transform the world, the company then known as Facebook struck a deal to buy all the augmented reality displays made by British firm Plessey. At the time, the deal appeared to be a savvy way of squeezing out Apple in the competition to develop AR glasses, as Plessey was one of the few makers of AR displays. Three years on, however,... Read more ›
93
If there is anything venture capitalists love more than making money, it’s opining on the best and worst ways to make money. And so the debate over how to make money (or not) investing in artificial intelligence is raging throughout Silicon Valley. There are the believers who are banking on AI to mint the next supercycle of venture profits. And then there are the skeptics who believe the technology will... Read more ›
3
Before we get into today’s column, some breaking news: Cameo, the video shout-out app that once employed nearly 400 workers, enacted at least its third round of job cuts Tuesday, my colleague Natasha and I reported. The company told laid off employees it was a financial decision. Cameo got popular in 2020 as a creator platform that seemed to bridge traditional entertainment and rising consumer interest in online influencers: it... Read more ›
0
Cameo, the video shoutout app that gained in popularity during the pandemic shutdowns, told employees on Tuesday that it was laying off at least 80 workers because of financial pressures, according to two former employees involved in the layoffs. The cuts leave fewer than 50 people at the startup, according to the employees, or down nearly 90% from its peak headcount last year. In an all hands meeting Tuesday, company... Read more ›
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22.06.2026 05:42
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