Newsbreak 2 weeks ago in Around The World, Business, Finance, Silicon Valley Bank, Startups, Tech, Tech Insider, Venture Capital 0 Category: Venture Capital
SXSW may be in Texas, but Silicon Valley Bank’s implosion is casting an uneasy cloud over the tech festival
Newsbreak 2 weeks 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 2 weeks 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…
‘This is a warning to the Fed’: Wall Street reacts to the collapse of Silicon Valley Bank, the biggest bank...
NYSE Regulators shut down Silicon Valley Bank on Friday, putting it into FDIC receivership. Early Friday, trading was halted for the stock after it plunged 87% in two days. Wall Street strategists and executives shared their reaction to the first bank collapse since 2008. Silicon Valley Bank’s collapse has sparked panic as the financial industry sees the biggest bank failure since 2008. Regulators in California…
FTX’s former US president is reportedly raising money for a new crypto startup after the crypto exchange’s collapse
Newsbreak 4 months ago in Around The World, Bankruptcy, brett harrison, Caroline Ellison, crypto, crypto trading, ftx, FTX US, Sam Bankman-Fried, Tech Insider, Venture Capital 0 Former FTX President Brett Harrison Kelly Sullivan / Stringer Brett Harrison, FTX US’s former president, is reportedly raising money for a new crypto startup. Harrison left FTX simply weeks earlier than it slid out of business amid allegations of misused buyer funds. Harrison’s try to lift money comes when many buyers are weary of wading deeper into the crypto trade. One former high-ranking FTX government…
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…
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…