Venture Capital
The silent battles of founders
Wil Schroter is a serial entrepreneur and the CEO of Startups.com, the world’s largest online accelerator. His first taste of entrepreneurship came in 1994 when he founded his first company as a 19-year-old college dropout. After growing it to over $700M in capitalized billings and getting acquired, he launched Virtucon Ventures, an incubator for web …
Elon Musk ‘funding secured’ tweets ruled false new court filing suggests
Elon Musk Krisztian Bocsi | Bloomberg | Getty Images In a court filing out late Friday, shareholders who are suing Tesla and CEO Elon Musk over alleged securities fraud said they won part of a critical ruling in their class-action lawsuit. The shareholders are suing Tesla over money they lost after Musk tweeted in 2018 …
Female Founders Struggle To Break The Bias Despite Record Exits
Female-founded startups continue to receive a dismal share of venture funding – only 2.2% of all venture funding in 2021. New data from Pitchbook seems to tell a more positive story – female founders in the US tallied a record number of public listings and acquisitions in 2021. Has the time finally come for female …
The perplexing case of our missing technology titans
The ongoing kerfuffle between Big Tech and the government has brought a stark fact to light. Despite there being 755 million internet users in India and the country being a hub of software talent whose engineers churn out billions of lines of code that keep Big Tech ticking, our so-called tech giants can barely measure …
Retail Tech Startup Tiliter Raises $7.5M for Cashierless AI Shopping Technology
Tiliter to increase global footprint as Investec invests through its IEC Australia Fund I SYDNEY, Oct. 20, 2020 /PRNewswire/ — Investor demand for innovative emerging companies remains strong with Australian AI tech startup Tiliter completing a $7.5 million capital raise, led by Investec Emerging Companies (IEC). Eleanor Venture, a tech investment syndicate for angel investors, and …
Steadview Capital backs SaaS unicorn Freshworks, remains bullish on India, Technology News, ETtech
Steadview Capital has invested $85 million, through a secondary transaction, in SaaS major Freshworks, as it bulks up its India portfolio with yet another unicorn, Ravi Mehta, managing director of the London-based firm, told ET. The transaction, which closed in January this year, saw Steadview Capital make its ninth investment in an Indian privately-held technology …
Amazon buys self-driving technology company Zoox
Amazon has just taken its boldest step yet into self-driving vehicles, acquiring six-year-old start-up Zoox, the company announced Friday. Amazon said the deal will help bring Zoox’s “vision of autonomous ride-hailing to reality.” Zoox will continue to operate as a standalone business within Amazon, with CEO Aicha Evans and Jesse Levinson, the company’s co-founder and CTO, …
Tesla will slash employee pay, furlough hourly workers
Tesla Chief Executive Office Elon Musk speaks at his company’s factory in Fremont, California. Noah Berger | Reuters Tesla will cut pay for all of its employees and will furlough all hourly workers until May 4, when it intends to resume production of electric cars, according to an internal e-mail that multiple employees shared with …
Resolute Capital Partners Announces Investment in PLUM® Lending through its Technology Fund
SAN FRANCISCO, March 31, 2020 /PRNewswire/ — Resolute Capital Partners (“RCP”), announced today the company has joined Elliott Management, a hedge fund manager, and Soft Bank, a high-tech funding firm, by investing alongside them in PLUM® Lending (“PLUM”). Earlier this month, RCP completed a $2 million equity investment in PLUM through its technology fund, Strategic Technology …
Technology Will Aid Compliance With CRE Environmental Regs
Jake Fingert, general partner at Washington, D.C.-based Camber Creek Camber Creek Many industries are confronting increasing pressures to reduce energy consumption. The commercial real estate industry is no exception. Among the most daunting recent hurdles is the new climate change bill in New York City. It mandates a four-fifths cut in carbon emissions emanating from …
