SoftBank takes loss in sale of Wag, dog-walking startup
Wag’s troubles have been particularly pronounced. After its investment, the Vision Fund brought in Hilary Schneider, former chief executive of LifeLock, to lead an aggressive expansion. But it lost ground to Rover, its top competitor. Reports of lost dogs and internal struggles hurt business.
Startups are steering clear of Facebook, Google by innovating for business
Startups are increasingly writing software that allows mainstream ...
WeWork falls furthest in a year of clipped wings for Unicorns
WeWork, which is based in New York, might be the most extreme example of the re...
Silicon Valley is trying out a new mantra: Make a Profit
Turning a profit is in as investors sound warning after some unicorns stumbled.
More expensive than ever to become unicorn in US
In addition to a stable initial round of financing, the median unicorn financing round has held relatively steady for years now, shifting between $130 million and $175 million since 2015.
Indian-origin entrepreneur's startup leads London fintech boom
Among fintech investment deals on a global level, London has taken top spot in 2019, with a total of 114 deals, overtaking New York in second place (101).
Silicon Valley’s mantra of spend big, grow fast? It’s changing.
The nascent change is being driven by the stumbles of some high-profile “unicorns” — the startups that were valued at $1 billion and above in the private markets — just as they reached the stock market.
Peter Thiel missed out on China. Now he’s betting on patriotism
A persistent view Thiel has held is that China doesn’t make it easy for foreigners to buy a stake in the country’s prosperity.
How two college dropouts made $860 million fortune by age 23
Brex, which launched its first product last year, has become a fintech darling, catapulting its founders into the ranks of the richest entrepreneurs, on paper at least.
Big corporates back crypto 'plumbing' despite currency caution
Bitcoin slumped by three-quarters last year after nearing a record of $20,000 in its frenzied 2017 bubble.
Apple to buy Drive.ai in bid for more autonomous vehicle talent
Apple has been working on autonomous driving technology for several years. The project has had its ups and downs.
India among top destinations for London tech firms: Report
India, while ranked fourth in terms of foreign direct investment (FDI) into London, created 5,310 jobs – ahead of second-ranked Germany with 1,911 jobs and third-ranked Australia with 1,526 jobs.
Oyo's Ritesh Agarwal finds backing from Mizuho, Nomura
Japanese financial groups to fund Oyo founder’s $2-billion share purchase plan.
Who's getting richer from Uber’s massive IPO?
There are dozens of other significant investors who have stakes less than 5%, the cut-off that requires public disclosure.
SpaceX's valuation climbs to $25 billion with new funding round
SpaceX is poised to become the third-most valuable venture-backed startup in the U.S., after Uber Technologies Inc. and Airbnb Inc., PitchBook said.
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