Investors in America’s tech startup sector are bracing for a collapse. That’s according to a report Thursday (Dec. 7) by the New York Times (NYT) which chronicles the rise and fall of a number of once high-flying companies — WeWork, Convoy, Olive AI — that...
The status of being a unicorn is not as secure as it once seemed. Nearly 90% of the 128 companies that achieved valuations of $1 billion or more in 2021 are now estimated to be valued lower in private trades, Bloomberg reported Wednesday (Dec. 6), citing data...
This year’s rising interest rates have led venture capitalists to curtail their startup investments. However, this shift has led to a burgeoning new trend, the Financial Times (FT) reported Sunday (Nov. 12): investors who are raising enough to buy out the startups that venture capital (VC) firms...
Supply chain technology startups are reportedly facing a challenging environment as venture capital (VC) firms reduce funding for these companies. The decline in investor support, coupled with a weakening freight market, has forced some startups to cut costs, lay off staff and explore alternative survival...
Walmart’s incubation arm, Store Nº8, and Outlier Ventures, a global Web3 accelerator, have announced the first cohort for their accelerator program aimed at supporting startups that are focused on building decentralized solutions to enhance the global retail and commerce experience. The Store Nº8 dCommerce Base...
JPMorgan Chase & Co., the largest bank in the United States, is reportedly aggressively positioning itself as the leading financial partner for tech companies in Silicon Valley. After the collapse of Silicon Valley Bank (SVB), JPMorgan sees an opportunity to fill the void and attract the...
It’s a challenging economy for consumers — and startups don’t have it any better. Nine out of every 10 startups that raise money end up failing over a 10-year period. Observers believe that venture-backed startups fail at higher numbers than the industry usually cites. Although far more businesses fail than eventually...
Ghost kitchen startup CloudKitchens has reportedly fired staff and closed warehouses to shrink expenses. The apparent cuts at the company — led by Uber co-founder and ex-CEO Travis Kalanick — are the subject of a Tuesday (Sept. 5) report by the Financial Times (FT), and offer the latest example of the...
A sharp decline in venture capital has reportedly battered Latin America’s startup sector. Two-thirds of startups in that region have cut staff in the last 18 months as VC investments have dropped, Reuters reported Wednesday (Aug. 30). VC funding in the second quarter plunged 65% year over...
