Newsbreak 1 week ago in Around The World, Business, Finance, Silicon Valley Bank, Startups, Tech, Tech Insider, Venture Capital 0 Category: Startups
SXSW may be in Texas, but Silicon Valley Bank’s implosion is casting an uneasy cloud over the tech festival
Newsbreak 1 week ago in Around The World, Business, Finance, Silicon Valley Bank, Startups, Tech, Tech Insider, Venture Capital 0 Silicon Valley Bank employees react to the bank’s collapse Getty Images As the South by Southwest tech conference began in Austin on Friday, Silicon Valley Bank failed. The annual festival is known for attracting hundreds of startup founders and tech investors. Attendees from startupland are privately scrambling to make sense of the news. As South By Southwest kicked off in earnest on Friday, many attendees…
More than 110 VC firms, led by General Catalyst, are banding together in support of Silicon Valley Bank
Newsbreak 1 week ago in Around The World, Bank failures, General Catalyst, Silicon Valley Bank, Startups, Tech Insider, Venture Capital 0 Hemant Taneja, the CEO and managing director of General Catalyst, which organized a statement in support of Silicon Valley Bank. General Catalyst More than 110 venture capital firms have signed a statement in support of Silicon Valley Bank. SVB was shut down by regulators on Friday after its losses on bond sales sparked a bank run. Some VCs at signatory firms have criticized investors who…
Wondering what the hell just happened at SVB? Here’s everything you need to know
Newsbreak 2 weeks ago in Around The World, FDIC, Finance, Silicon Valley Bank, Startups, SVB Financial Group, Tech Insider, Venture Captial 0 CEO of SVB Financial Greg Becker. Photo by Marla Aufmuth/Getty Images for Watermark Conference for Women 2018 Silicon Valley Bank, a once-trusted banker to startups, was closed down by regulators on Friday. The collapse sent shockwaves through the industry as startups worried about logistics and payroll. SVB became the latest casualty of a bank run as VCs and founders rushed to protect their funds. Only…
Silicon Valley startup Actual made climate action into a SimCity-like sport. Sheep farmers are the first gamers.
Karthik Balakrishnan, the president and cofounder of Actual. Alanna Hale/Insider The cofounders of Actual stated its SimCity-like software program helps make choices on climate options. The startup modeled a whole lot of sheep farms in New Zealand to indicate methods to cut back emissions. The farms provide wool to global-fashion manufacturers like Allbirds and Helly Hansen. Merino wool is well-known for its softness. The trade…
VCs are abandoning supply chain tech — except for startups that can cut out the human
Newsbreak 4 months ago in Around The World, automation, CMA CGM, last mile delivery, Logistics, Startups, Supply Chain, Transportation 0 Charley Dehoney, vp of Zebox, a supply chain startup accelerator, informed Insider there is a reckoning happening that will result in higher supply chain know-how in the coming years. Zhang Jingang/VCG through Getty Images Venture capital funding of supply chain startups was down 56% year-over-year in the third quarter. Investment in the area boomed in 2021 as traders noticed challenges introduced on by the pandemic….
Broken EV chargers are a huge turnoff for electric car drivers and prospective patrons. That signals a growing business opportunity...
Startups like Kameale Terry’s ChargerHelp stand to money in on the EV charging upkeep business. ChargerHelp Automakers want extra practical plugs, as busted EV chargers might restrict widespread adoption of the automobiles. That has opened an opportunity for a new charging upkeep trade. ChargerHelp CEO Kameale Terry was named one among Insider’s 100 People Transforming Business in 2022. Automakers are pouring billions of {dollars} and…
Enerza is developing a robot named Boa that uses 5G to snake across power lines and report looming problems to...
Newsbreak 4 months ago in 5G, Around The World, Cellular Networks, Edit Series, Electricity, Energy, es-tmo-5gchanging, How 5G Is Changing Everything, How Fifth-Generation Technology Is Changing Everything, Power, power lines, sp-freelance, Startups, Tech Insider, Utilities, Venture Capital, Wireless networks 0 if ( document.querySelector(“.gi-sponsor-module”) && document.querySelector(“article figure:first-of-type”) && !document.querySelector(“.full-bleed-hero”) && !document.querySelector(“.enhanced-story-byline”) ) { document.querySelector(“article figure:first-of-type”).insertAdjacentHTML( “afterend”, ` ${seriesTitle} ${text} ` ); } if ( document.querySelector(“.gi-sponsor-module”) && document.querySelector(“.full-bleed-hero”) && document.querySelector(“.enhanced-story-byline”) ) { document.querySelector(“.enhanced-story-byline”).insertAdjacentHTML( “beforeend”, ` ${seriesTitle} ${text} ` ); } if ( document.querySelector(“.gi-sponsor-module”) && document.querySelector(“.post-meta”) ) { document.querySelector( “.post-meta” ).innerHTML = ` ${seriesTitle} `; } Enerza was based after a widespread power outage in Canada affected…
Meet the 24 most promising retail tech power players revolutionizing how brands operate and customers buy online and in stores
Newsbreak 4 months ago in Around The World, BI Graphics, Features, GGV Capital, Investing, Retail, Startups, Tech Insider, Tyler Le, Venture Capital 0 Damir Becirovic of Index Ventures, Meera Clark of Redpoint Ventures, Morad Elhafed of Battery Ventures, and Amy Saper of Accel. Damir Becirovic/Index Ventures, Meera Clark/Redpoint Ventures, Morad Elhafed/Battery Venture, Amy Saper/ Accel, Tyler Le/Insider Insider talked to high VCs and requested them to choose the most promising startups up to now in 2022. VCs had been requested to record startups in their portfolios and firms…
People investing as little as $1,000 for partial ownership of a property share how they did it, the dangers, and...
Newsbreak 4 months ago in Around The World, Fractional ownership, Investment Property, Passive Income, PropTech, Real Estate, Short-Term Rental, Startups 0 Listed as “The Terracotta” on the Arrived Homes platform, this Tucson, Arizona home has 249 traders backing it. Arrived Homes Several real-estate investing startups permit individuals to purchase parts of properties as a substitute of complete houses. Investors can earn dividends all through the yr from rental earnings and appreciation in the dwelling’s worth. Three individuals who’ve tried “fractional” investing element how it really works…
Here’s the 15-page pitch deck that landed Ambi Robotics $32 million to pump out warehouse robots ahead of the holiday...
Newsbreak 4 months ago in Around The World, BITranspo, Logisitics, Robotics, Startups, Transportation, warehouse 0 Fresh funding will enable Ambi to pace up deployments. Ambi Robotics Ambi Robotics makes robotics for e-commerce warehouses. The firm added $32 million to its Series A spherical final month. Check out the 15-page pitch deck beneath. Ambi Robotics had already raised $26 million in a Series A spherical in September 2021. But after spending most of the 2022 deploying 80 robotic sortation techniques for…
The cooldown in home prices was a ‘once-in-40-years’ transfer, worse than the 2008 crisis that foiled algorithms, said the CEO...
Newsbreak 4 months ago in Around The World, home flipping, Housing Market, iBuyers, Opendoor, PropTech, Real Estate, Startups 0 Eric Wu is a cofounder and CEO of Opendoor. Opendoor Opendoor CEO Eric Wu says the firm’s algorithm did not predict housing market shifting so rapidly. The fast market shifts rivaled these of the housing crisis of 2008, he said. The firm posted third-quarter losses of over $400 million. Opendoor cofounder and CEO, Eric Wu, factors to the unprecedented occasions in the housing market over…
The rise and fall of Elizabeth Holmes, the former Theranos CEO found guilty of wire fraud and conspiracy, who was...
Newsbreak 4 months ago in Around The World, Bad Blood, BI Graphics, Billy Evans, Blood Tests, Business Visual Features, Careers, Draper Fisher Jurvetson, Elizabeth Holmes, Elizabeth Holmes trial, FDA, Features, Finance, Healthcare, John Carreyrou, Larry Ellison, Law, Ramesh Balwani, Safeway, science, SEC, Silicon Valley, Stanford University, Startups, Steve Jobs, Strategy, Sunny Balwani, Tech, Tech Insider, Theranos, Theranos trial, Unicorn startups, Walgreens, Wall Street Journal 0 Elizabeth Holmes leaves after a listening to at a federal court docket in San Jose, California, on July 17, 2019. Reuters/Stephen Lam Elizabeth Holmes dropped out of Stanford at 19 to begin Theranos and grew its worth to $9 billion. Later, know-how flaws had been uncovered, ensuing in a months-long trial the place Holmes was found guilty on three counts of wire fraud and one depend…
Read the pitch decks that helped 17 creator economy startups raise millions of dollars
Newsbreak 4 months ago in Advertising, Around The World, Creator economy, Influencers, Media, Pitch Deck, Pitch Decks, Startups, Teaser, Tech Insider, VCs 0 Jubilee is a content material studio that raised $1.1 million in September 2022. Jubilee Media The “creator economy” is catching the consideration – and wallets — of notable VCs. Creator-focused startups are elevating millions of dollars. Here are the pitch decks that 17 startups utilized in Series A, Seed, and pre-Seed rounds. The phrase “creator economy” skyrocketed as a buzzword in 2021 as creators, VCs,…
How a recession could be a huge opportunity for ‘upstream’ startups
Newsbreak 4 months ago in Analysis, Around The World, BITranspo, industrials sector, Logistics, Startups, Supply Chain, Transportation, Venture Capital 0 The finish of the increase instances for client tech funding could spell opportunity for industrial or “upstream” startups. Monty Rakusen/Getty Images A looming recession is altering the sport for enterprise traders and startups. Investors rushed to supply-chain startups through the provide chain disaster of the final two years. Now VCs could look ‘upstream’ within the provide chain, creating a window for typically missed startups. When…
Check out Contrary NYC, a ‘Soho House for techies’ community hangout that’s generating buzz and drawing visitors like Serena Williams
Newsbreak 4 months ago in Around The World, Features, New York, Startups, Tech Insider, Venture Capital 0 Contrary NYC Silicon Valley enterprise agency, Contrary, not too long ago opened a community area for tech employees in New York. The aim is to create a frequent gathering floor for folks to satisfy like-minded professionals. Here’s a nearer look contained in the area. New York City is at all times buzzing with its share of unique venues. There’s the well-known — or notorious, relying…
Sequoia Capital took a $213 million bath on FTX after the crypto exchange imploded. That’s not that dangerous, VCs say.
Newsbreak 4 months ago in Around The World, ftx, Sequoia Capital, Startups, Tech Insider, Venture Capital 0 Sequoia Capital companion Alfred Lin labored intently with FTX after the agency’s funding, however did not take a board seat. Brendan McDermid/Reuters FTX investor Sequoia Capital has marked down its place to $0 as the crypto exchange crumbles. The enterprise capital big had invested round $213 million into the beleaguered startup. People additionally lampooned an article about FTX that reveals how enchanted Sequoia companions have…
A Voyager investor says the FTX meltdown puts the bankrupt crypto lender’s bailout in jeopardy, with $1.3 billion of customer...
Newsbreak 4 months ago in Around The World, crypto, ftx, Sam Bankman-Fried, Startups, Tech Insider, Venture Capital, Voyager Digital, Web3 0 Sam Bankman-Fried, the founder of FTX, faces a crumbling empire — and that would depart beleaguered crypto traders in the lurch. Tom Williams/Getty Images FTX US was set to purchase the assets of the bankrupt crypto-lender Voyager. But FTX’s turmoil casts doubt upon that deal, Ullas Naik, an investor in Voyager, advised Insider. On Friday, each FTX and FTX US filed for chapter, and Sam…
This startup just hired a former DoorDash exec to bring robotic restaurant delivery to the masses
Newsbreak 4 months ago in Around The World, automation, DoorDash, food delivery, Retail, Robotics, Robots, Startups, Tech Insider, Uber, Uber Eats 0 Sidewalk food-delivery robots by Serve Robotics are totally autonomous. Serve Robotics Serve Robotics, previously a part of Postmates, has been testing autonomous-delivery robots since 2018. The Uber-backed startup not too long ago hired the former DoorDash exec Prahar Shah as its income chief. Shah is taking a web page from his DoorDash playbook to broaden Serve’s sidewalk robots throughout the US. Serve Robotics is prepared…
Lucid’s fight to sell cars in Texas could give it a leg up in the ultracompetitive electric-vehicle market
Newsbreak 4 months ago in Around The World, Dealers, Dealerships, Direct to consumer, Electric Vehicles, EV, lawsuit, Legal battle, Lucid air, Lucid Group, Rivian, Sales, Startups, Tesla, Texas, Transportation 0 The Lucid Air electrical sedan from Lucid Motors. Lucid Motors Electric-vehicle startups are promoting their flagship merchandise utilizing direct-to-consumer fashions. That has lengthy rubbed states and legacy supplier associations the improper method. The ensuing authorized battles could gradual essential deliveries for EV startups. Lucid Motors is the newest electric-vehicle startup to embark on a direct-sales authorized battle, suing Texas for the proper to open a…
FTX investor Sequoia removed its glowing 13,000-word profile of Sam Bankman-Fried and replaced it with somber note after its investment...
Newsbreak 4 months ago in Around The World, cryptocurrency, Finance, ftx, Markets, News, Sam Bankman-Fried, SBF, Sequoia Capital, Startups, Tech Insider 0 A side-by-side of Sequoia Capital’s profile of Sam Bankman-Fried and its up to date web page linking to its letter to buyers about marking down its investments in FTX to $0. Sequoia Capital VC agency Sequoia Capital removed a prolonged September profile of FTX founder Sam Bankman-Fried this week. The URL now reveals Sequoia’s note telling buyers it’s marking down its $214 million FTX investment…
4 auto experts share their takeaways from third-quarter woes at Rivian, Lucid, and Canoo — and what they expect for...
Newsbreak 4 months ago in Around The World, Canoo, Cash Burn, Earnings, Electric Vehicles, lucid, Manufacturing, Production, Revenue, Rivian, Startups, third quarter, Transportation 0 Rivian manufacturing Rivian EV startups Rivian, Lucid, and Canoo launched third-quarter outcomes this week. Startups are nonetheless scrambling to get automobiles to prospects as manufacturing will increase. Industry experts stay optimistic after third-quarter outcomes. Rivian, Lucid, and Canoo all reported third-quarter earnings this week, and the outcomes clarify that the electrical car startups are nonetheless scrambling to meet giant supply backlogs at the same time…
Layoffs are crushing the real-estate business, and Redfin and Opendoor are the latest victims. Here are 44 companies that have...
Newsbreak 4 months ago in Around The World, Better.com, Compass, Features, Layoffs, Mortgage, PropTech, Real Estate, Redfin, Startups, Zumper 0 A Redfin check in entrance of a home on the market. Sundry Photography/Shutterstock Redfin and Opendoor are the latest real-estate companies to lay off staff. The layoffs come as demand for mortgages has reached its lowest stage since 1997. Insider rounded up 44 of the companies who have reduce workers amid a cooling housing market. The layoffs at Redfin and Opendoor are the latest indicators…
Keurig Dr Pepper just invested $50 million in Athletic Brewing, the brand dominating the nonalcoholic beer sector. Here’s how the...
Newsbreak 4 months ago in Around The World, Beer, Beer brewing, beverage, Craft Beer, David Chang, Food and beverage, Non-alcoholic, Retail, Startups 0 Bill Shufelt left his job as a hedge-fund portfolio supervisor to launch Athletic Brewing Company. Athletic Brewing Company Athletic Brewing was cofounded by the former hedge-fund supervisor Bill Shufelt. He noticed an enormous hole in the nonalcoholic-beer market, which has grown 352% the previous 12 months. The brewery now controls 45% of the market and raised $50 million from backers like David Chang. See more…
Read the pitch decks that helped 16 creator economy startups raise millions of dollars
Newsbreak 4 months ago in Advertising, Around The World, Creator economy, Influencers, Media, Pitch Deck, Pitch Decks, Startups, Teaser, Tech Insider, VCs 0 Jubilee is a content material studio that raised $1.1 million in September 2022. Jubilee Media The “creator economy” is catching the consideration – and wallets — of notable VCs. Creator-focused startups are elevating millions of dollars. Here are the pitch decks that 16 startups utilized in Series A, Seed, and pre-Seed rounds. The phrase “creator economy” skyrocketed as a buzzword in 2021 as creators, VCs,…
Burger King’s owner just opened a delivery-focused food hall where customers can order from Popeyes, Firehouse Subs, and other chains....
Newsbreak 4 months ago in Around The World, food delivery, Ghost Kitchens, Restaurants, Retail, Startups, Tech Insider, VC funding, Virtual brands 0 Hungry House is opening a second location this yr in New York. The first one, proven, opened final yr in Brooklyn. Nancy Luna/Insider New ghost kitchens are upending the conventional model of renting out kitchens or franchising manufacturers. Burger King’s owner not too long ago opened its first ghost kitchen, or digital food hall, in Miami. Meet 7 nontraditional ghost kitchen fashions. Ghost kitchens…
Read the pitch decks that helped 14 creator economy startups raise millions of dollars
Newsbreak 5 months ago in Advertising, Around The World, Creator economy, Influencers, Media, Pitch Deck, Pitch Decks, Startups, Teaser, Tech Insider, VCs 0 Jubilee is a content material studio that raised $1.1 million in September 2022. Jubilee Media The “creator economy” is catching the consideration – and wallets — of notable VCs. Creator-focused startups are elevating millions of dollars. Here are the pitch decks that 14 startups utilized in Series A, Seed, and pre-Seed rounds. The phrase “creator economy” skyrocketed as a buzzword in 2021 as creators, VCs,…
SoftBank’s View just narrowly escaped running out of money. Here’s how it went from investor darling to one of the...
Newsbreak 4 months ago in Around The World, BI Graphics, Finance, Rebecca Zisser, Softbank, SPACs, Startups, Technology, View Inc 0 View CEO Rao Mulpuri. Ethan Miller/Getty Images; Rebecca Zisser/Insider Three months in the past, SoftBank-funded View Inc. revealed it didn’t have sufficient money to meet forecasted prices past November with out elevating capital or exercising its possibility to promote shares to its SPAC sponsor, Cantor Fitzgerald. View has provide you with funding just in the nick of time. The California glassmaker announced on October 27…
Startup Parrots is using 5G to develop a bird-shaped, AI-powered machine that helps people with disabilities communicate
Newsbreak 4 months ago in 5G, AI, Around The World, Cellular Networks, computer vision, Edit Series, es-tmo-5gchanging, Healthcare, Hospitals, How 5G Is Changing Everything, Machine Learning, Seed Investing, sp-freelance, Startups, Tech Insider, Telecom, Telecommunications, Venture Captial, Veterans Administration, Wireless networking, Wireless networks 0 if ( doc.querySelector(“.gi-sponsor-module”) && doc.querySelector(“article figure:first-of-type”) && !doc.querySelector(“.full-bleed-hero”) && !doc.querySelector(“.enhanced-story-byline”) ) { doc.querySelector(“article figure:first-of-type”).insertAdjacentHTML( “afterend”, ` ${seriesTitle} ${textual content} ` ); } if ( doc.querySelector(“.gi-sponsor-module”) && doc.querySelector(“.full-bleed-hero”) && doc.querySelector(“.enhanced-story-byline”) ) { doc.querySelector(“.enhanced-story-byline”).insertAdjacentHTML( “beforeend”, ` ${seriesTitle} ${text} ` ); } if ( document.querySelector(“.gi-sponsor-module”) && document.querySelector(“.post-meta”) ) { document.querySelector( “.post-meta” ).innerHTML = ` ${seriesTitle} `; } David Hojah, Parrots’ founder. Parrots Inc. Polly, a hardware and…
Oracle is steering clear of talent from major tech hubs in the cloud giant’s latest more to save money and...
Newsbreak 5 months ago in 10 things in tech, Amazon, Around The World, Newsletter, Newsletters, Startups, Tech, Tech Insider 0 Morning, everyone! And happy Tuesday. I’m your host, Avery Hartmans. All eyes are on the tech giants today as we kick off a big week of earnings that could either be a pleasant surprise for Wall Street — or a harbinger of tough times ahead. Some tech firms are already tightening the purse strings. Take Oracle, which is implementing a new cost-cutting directive: eschewing new…