Hopes that it would become easier for startups to raise capital in 2023 were left unmet as the year ended. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday. New data from business database PitchBook paints a modestly dim picture of venture capital investment … Read more
Ruth Foxe Blader has left her role as partner at Anthemis Group after nearly seven years to start her own venture firm, Foxe Capital, TechCrunch learned exclusively today. Blader is joined by former Anthemis investment associate Kyle Perez. Sophie Winwood is serving as an operating partner. Winwood previously co-founded WVC:E, an organization that pledges to … Read more
DETROIT — General Motors’ plans to diversify its business through trendy industries such as ridesharing and other “mobility” ventures or startups have largely fallen flat since the automaker started investing in such growth areas in 2016. Cruise, its majority-owned autonomous vehicle subsidiary, is increasingly looking like it might be next. The unit has quickly gone … Read more
A growing number of venture firms may be uncorking champagne ahead of the New Year. Today, a handful of investment firms announced new funds: Artis Ventures, BoxGroup, Playground Global and Singular all closed on funds, while Partech said it was launching a €360 million venture fund. Against a backdrop of layoffs and continuing economic uncertainty, … Read more
Yesterday in Helsinki, this editor interviewed four of the six general partners at Benchmark, the nearly 30-year-old, Silicon Valley firm that’s known for some notable bets (Uber, Dropbox), paying each general partner exactly the same way, and for continuing to raise similar-size funds over its many years rather than balloon in size. We were speaking … Read more
On a weekday afternoon at Red Rock Coffee, the cafe known for spotting venture capitalists in Silicon Valley, one is likely to overhear a few conversations in Mandarin. With China reopening its borders this spring following three years of COVID-19 restrictions, managers of U.S. funds in the country have been flocking the Bay Area. While … Read more
Australia and New Zealand are a far cry from Silicon Valley, yet the problems and circumstances of their venture environments tend to be similar in nature. Megadeals are rarer today, early-stage funding is up, valuations have come back to earth, and investors are encouraging their portfolio companies to demonstrate a sustainable business with a clear … Read more
The mystery of why Daryl Hall obtained a restraining order against John Oates has been solved, at least in part, now that part of the case has been unsealed by a Tennessee judge who previously ordered all details to be kept under wraps. It’s now been revealed that Hall is attempting to block his longtime … Read more
Adele explores new business venture with ‘The Shelbourne Collective’ Adele, the pop music icon, is leaping forward toward a business venture as she is set to launch her own cosmetics line. Adele has already applied for the trademark in the name of The Shelbourne Collective. The trademark approval would allow her to make and launch … Read more
I’m a bit of a bagel snob. I once baked bagels overnight with the crew at Better Bagels for a profile on its founders back in college. I occasionally bake them at home and still go to my childhood bagel shop, Abraham’s, practically every time I’m in New England. I keep a sesame bagel from … Read more