1.
Only JPMorgan Can Fill WeWork's $47 Billion Hole
When JPMorgan Chase & Co. reports its earnings Tuesday, one question investors will want answered is what the bank is doing with WeWork. The disgraced unicorn, whose valuation went from $47 billion to less than $15 billion in a matter of weeks, could run out of money as soon as next month. Just like the rest of the junk-rated corporate world, WeWork is looking to dig out of its cash-flow woes with more credit. The company is currently weighing two options: a roughly $5 billion financing package led by JPMorgan, and selling a controlling stake to SoftBank Group Corp. WeWork prefers the bank rescue, Bloomberg News reported. [ Bloomberg ] Checkout 15K+ Venture Capital Data on our platform.
2.
Surfing the reverse mullet with Alexis Ohanian
For many years the allure of Silicon Valley was contingent on the ability to move here. Its ecosystem didn’t work remotely. “We see a very strong indication that where you’re located does matter… come to Silicon Valley,” intoned Joe Kraus of Google Ventures at the first Disrupt conference I ever intended, speaking for essentially all VCs, including Y Combinator. Easy enough if you’re American. Much, much trickier if you need a visa to get there. Is
it still true that the Valley doesn’t work remotely? Or is there another path for startups from faraway countries these days? Last week I sat down with Alexis Ohanian in his ancestral homeland of Armenia to discuss this. [ Tech Crunch ] Checkout 15K+ Venture Capital Data on our platform.
3.
Rats in rooms, poor service, and now electrocution: OYO’s billions haven’t helped it much
One of India’s most-funded and widely celebrated tech startups has for long been at the receiving end of customer grievances about poor and faulty services. Now things may have gone too far. On Oct. 14, a 15-year-old boy died after getting electrocuted at an OYO Rooms hotel in Southeast Delhi. The boy, who was visiting Delhi from Dehradun, in neighbouring Uttarakhand, to participate in a shooting competition, was reportedly bathing when his roommate heard a shout.
When the hotel staff entered the bathroom from the ventilation window, they found him lying unconscious. [ QZ ]
Checkout 15K+ Venture Capital Data on our platform.
4.
David Sacks’s Craft Ventures just closed its second fund with $500 million
Craft Ventures, the venture firm launched in 2017 by serial entrepreneur David Sacks, has closed its second fund with $500 million in capital commitments, an amount the firm was said to begin targeting roughly a year ago. Craft’s debut fund had closed with $350 million. The outfit — which Sacks runs with other serial entrepreneurs Bill Lee (Remarq, Social Concepts), Jeff Fluhr (StubHub, Spreecast), and Sky Dayton (who has founded and cofounded
a lot of companies) — invests in series seed, A, and B rounds, in a wide range of companies that neatly fit into each investor’s wheelhouse. [ Tech Crunch ] Checkout 15K+ Venture Capital Data on our platform.
5.
South Korea-based Mathpresso, developer of tutoring app Qanda, raises $14.5 million Series B
Seoul-based education technology startup Mathpresso announced today that it has raised $14.5 million in Series B funding. The company’s flagship app is Qanda, which provides students with math and science help and tutoring. Participants in the round include Legend Capital, InterVest, NP Investments and Mirae Asset Venture Investment. [ Tech Crunch ] Checkout 15K+ Venture Capital Data on our platform.
6.
German VC PropTech1 opens office in London, opens doors to British proptech
Berlin-based VC firm PropTech1 is setting up shop in London, opening its first office outside of the German-speaking region of Europe. The firm claims to be the first European VC focused entirely on real estate and hopes to position itself as the ideal partner for British proptech startups looking to break into the mainland. [ tech.eu ] Checkout 15K+ Venture Capital Data on our platform.
7.
Cryptocurrency’s bad day continues as the SEC blocks Telegram’s $1.7 billion planned token sale
Cryptocurrency’s bad news day continues to get worse as the U.S. Securities and Exchange Commission has said it has filed an emergency action and received a restraining order for the $1.7 billion planned token offering of Telegram’s blockchain. [ Tech Crunch ]
Checkout 15K+ Venture Capital Data on our platform.
8.
Elizabeth Warren compares Big Tech to Big Oil in a new fundraising ban
Elizabeth Warren said Tuesday ahead of the fourth Democratic debate that she will reject campaign donations from some tech executives and investors, a first-of-its-kind move that places Silicon Valley on the same footing as sectors traditionally reviled by the left, such as the fossil fuel industry. [ VOX ]
Checkout 15K+ Venture Capital Data on our platform.
9.
Introducing Reset, a new podcast about how tech is changing our lives
That’s why today, we’re launching Reset, Recode by Vox’s newest podcast that explores why — and how — tech is changing everything. For all of us. From how we elect a president to the ways we raise our children, tech is often the hidden hand guiding our options and, increasingly, our choices. We live in a world where algorithms drive our interests and opportunities, off-the-grid biohackers are reengineering the human body, and a robot could be your next boss. [ VOX ] Checkout 15K+ Venture Capital Data on our platform.
10.
Paytm Says It Is Profitable At Contribution Level With $100 Bn GTV
Noida-headquartered digital payments company Paytm on Monday said that it has achieved profitability at the contribution level. Vikas Garg, deputy CFO, Paytm said that the company’s contribution margin has grown from a loss of 30% to profit of 12% of the revenue. [ inc42 ] Checkout
15K+ Venture Capital Data on our platform.
11.
How Do I Exit and What Happens Next with Justin Kan, Jess Lee and Mike Marquez
Most good startup outcomes are acquisitions, and most good acquisitions happen because a buyer needs your company for a specific reason. Hear from Justin Kan (sold Twitch) and Jess Lee (sold Polyvore) plus top Silicon Valley banker Mike Marquez of Code Advisors about how to make them happen the right way.
Checkout 15K+ Venture Capital Data on our platform.
12.
Robots and Returns with Frederic Moll and Ajay Royan
Frederic Moll is a pioneer in robotic surgical applications. Backed by Ajay Royan’s Mithril Capital he sold his last business to JNJ for $3 billion. Hear from these two industry leaders on the opportunities available in medical robotic field. Checkout 15K+ Venture Capital Data on our
platform.
13.
How to Build a Space Economy with Tess Hatch, Sara Spangelo, and Adrian Steckel
From thousand-satellite constellations to space tourism, orbit is a fresh and inspiring source of new startup ideas and evolutions of established ones. Swarm’s Sara Spangelo and OneWeb’s Adrian Steckel are taking on global connectivity and Bessemer Ventures’ Tess Hatch provides the perspective of investors looking to make bets like these happen.
Checkout 15K+ Venture Capital Data on our platform.
14.
How to Build a Better Banking Startup with Chris Britt and Angela Strange
Chris Britt, the chief executive of Chime and Andreessen Horowitz’s Angela Strange know that money is what everyone wants. The problem is how to make it more accessible to everyone in the world. Hear them discuss how to build a better bank for everyone. Checkout 15K+ Venture Capital Data on our
platform.
15.
How to Build a Brand that Gets Attention with Brooke Hammerling, Chelsea Maclin, and Ben Pham
Brooke Hammerling is the founder of one of the most iconic tech startup PR firms of the past decade, Brew PR, which was sold for $15 million in 2016. Chelsea Maclin is VP of Marketing at Bumble, one of the most recognizable brands in the app world today. And Ben Pham is the founder of Character, a brand design firm that’s worked with the likes of Oculus, Nike, DoorDash and Peets Coffee. The three will discuss how to think about brand design and what gets and keeps the attention of users. Checkout 15K+ Venture Capital Data on our platform.
16.
State of the Security Union with Jeanette Manfra DHS
In an ever-evolving cyber world, from election security to the supply chain, Homeland Security assistant director Jeanette Manfra discusses the threats we face today — and tomorrow. TechCrunch is a leading technology media property, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news. Checkout 15K+ Venture Capital Data on our platform.
17.
How to be a Serial Founder with David Cancel (Drift)
So your first company worked out well. Let’s say you have the burning desire to do another one — what’s the right way to do it the next time around? Hear from frequent founder David Cancel (formerly Performable/Hubspot, Lookery, Ghostery, Compete) on what he’s done.
Checkout 15K+ Venture Capital Data on our platform.
18.
The Future of Cities with Aicha Evans (Zoox) and former Michigan Governor Jennifer Granholm
Aicha Evans, the CEO of self-driving vehicle startup Zoox, and former Michigan Governor Jennifer Granholm will talk about how innovative technologies support smart city infrastructure and provide new and sustainable ways for people to live and work in these urban areas. Checkout 15K+ Venture Capital Data
on our platform.
19.
The Ethics of Snipping DNA with CRISPR with Rachel Haurwitz (Caribou Biosciences)
Rachel Haurwitz is the founder of Caribou Biosciences, a startup on the cutting edge of gene editing technologies — including animal and human DNA. She will chat with us about the ethical and scientific questions surrounding CRISPRing human embryos and what that could mean for the future of humanity.
Checkout 15K+ Venture Capital Data on our platform.
20.
The Grass Is Greener with Keith McCarty (WAYV) and Bharat Vasan
The cannabis industry is projected to reach $50 billion in ten years. Keith McCarty and Bharat Vasan represent two of the biggest names in the market. Hear the duo talk about an industry with undeniable potential, but plenty of red tape to deal with, too.
Checkout 15K+ Venture Capital Data on our platform.
|