Funerals are tough. Ever Loved helps you pay for them

Alison Johnston didn’t plan to build a startup around death. An early employee at Q&A app Aardvark that was bought by Google, she’d founded tutoring app InstaEDU and sold it to Chegg. She made mass market consumer products. But then, “I had a family member who was diagnosed with terminal cancer and I thought about […]

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The death of once high-flying VC funds

They all started with the best of intentions. Formation 8 talked about bringing “smart enterprise” to the corporate world. Social Capital talked about how to “fix capitalism,” and Binary Capital wanted to “affect global behaviour change.” Rothenberg Ventures set out to “work on the biggest problems that change the world.” Young founding partners debuting change-the-world […]

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Gawker is relaunching in early 2019

After a two-year hiatus, Gawker is coming back. Peter Thiel, be damned. Bustle-owner Bryan Goldberg, who paid $1.35 million for rights to the defunct gossip site in a bankruptcy auction in July, wrote in a memo to Bustle staff Tuesday that Gawker would relaunch next year with Amanda Hale, the former chief revenue officer of […]

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As biological manufacturing moves to the mainstream, Synvitrobio rebrands and raises cash

The pace at which the scientific breakthroughs working to bend the machinery of life to the whims of manufacturing have transformed into real businesses has intensified competition in the biomanufacturing market. That’s just one reason why Synvitrobio is rebranding as it takes on $2.6 million in new financing to pursue opportunities in biopharmaceutical and biochemical manufacturing. […]

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Secretive semiconductor startup Groq raises $52M from Social Capital

Groq has raised $52.3 million of a $60 million round, per an SEC filing. Social Capital co-founder and former Facebook executive Chamath Palihapitiya, who’s listed on the filing, has participated in the funding. Presumably, Palihapitiya’s investment came from Social Capital; the firm, which has been experiencing a boatload of personnel changes as of late, led Groq’s $10 […]

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Three former Social Capital partners are reportedly raising a $200M fund

Tribe Capital, the venture capital firm launched by Arjun Sethi, Jonathan Hsu and Ted Maidenber, a trio of former Social Capital partners, is reportedly raising $200 million for its first flagship venture capital fund. 

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Prisma co-founders raise $1M to build a social app called Capture

Two of the co-founders of the art filter app Prisma have left to build a new social app. Prisma, as you may recall, had a viral moment back in 2016 when selfie takers went crazy for the fine art spin the app’s AI put on photos — in just a few seconds of processing. Downloads leapt, art […]

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NiYO raises $13.2M to digitize payroll and employee benefits in India

 Fintech startup NiYO helps salaried employees access company benefits and other financial services, and now it has raised $13.2 million to offer its services to more of the country. Founded in 2015, NiYO partners with companies (employers) and ba…

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Facebook bats back after a second former exec accuses it of negatively impacting society

 Yesterday, The Verge published comments made by investor and former Facebook executive Chamath Palihapitiya, quoting his interview last month at Stanford’s Graduate School of Business, where he echoed recent comments made by former Facebook  president Sean Parker that the platform is having deleterious effects on society.
Said Palihapitiya at Stanford, “The short-term… Read More

View More Facebook bats back after a second former exec accuses it of negatively impacting society