Startups had a rough 2023, with the value of venture investments hitting a four-year low. As Bloomberg News reported Thursday (Jan. 4), investors spent the last year funneling money into artificial intelligence (AI) firms, though other tech companies struggled. The report, citing data from PitchBook,...
With Frontdesk reportedly laying off its whole staff, it seems that amid ongoing financial challenges, short-term rental models may not present a needed enough solution to push past consumers’ tendency to stick with the familiar. The startup, which managed 1,200 furnished units across 170 buildings...
A dearth of new funding rounds has reportedly triggered a wave of startup layoffs. This year saw more than 250,000 tech workers lose their jobs, including sweeping cuts at massive companies like Meta and Google, Bloomberg reported Thursday (Dec. 14). Thousands of those cuts also...
Rent the Runway co-founder Jenny Fleiss has joined venture capital (VC) firm Initialized Capital as a partner. Fleiss brings to the firm a depth of experience and work ethic that makes her an ideal partner for early-stage startups, Initialized Capital said in a Wednesday (Dec. 6) article posted on its website. The...
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...
