Shoes of Prey presses pause to select a business sale or pivot

Shoes of Prey, a Khosla Ventures-backed shoe retailer whose website let women customize footwear purchases by selecting the color and material of the sandals or pumps they wanted to order as well as the size, has announced it’s stopped taking orders after almost ten years trading. The management team will now decide whether to sell […]

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Even raises $40m to transform the working class to the savings class

The working class of the United States doesn’t get many breaks these days. It’s not just a function of low pay and long hours, but also the incredible uncertainty of income and expenses that makes surviving week-to-week so challenging. One in five Americans have a negative net wealth, even in an economy where the unemployment […]

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A CEO known publicly for the power of smiling was just ousted for intimidating employees

Ron Gutman, the cofounder and CEO of HealthTap, a venture-backed medical advice startup, was reportedly elbowed out today by his board of directors. The reason, the board said in a letter to employees, was that it had finally heard too many complaints about Gutman’s behavior inside the company. Recode published the news of his termination […]

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Coinbase buys Earn.com and makes CEO Balaji Srinivasan its first CTO

Coinbase, the prominent cryptocurrency exchange, has announced its most significant piece of M&A to date after it agreed to buy Earn.com, the U.S. startup that uses the blockchain for its paid-email service, in a deal worth more than $120 million. In addition, Coinbase has appointed Earn.com co-founder and CEO Balaji Srinivasan as its first CTO, […]

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Genalyte hires Facebook and Google exec Kevin Lo as company president

 Khosla-backed one drop blood test startup Genalyte has hired former Facebook exec Kevin Lo as president of the company. Lo comes to Genalyte after leading “connectivity efforts” at Facebook “for the four billion people not online, and the 1.5B under-served who use the Internet at ‘2G’ speeds,” according to his LinkedIn profile. Before that, Lo worked for… Read More

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