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January 24, 2022

venture capital

Better founder Vishal Garg, who did mass Zoom layoff, returns as CEO

CNBC
CNBC – For more and to sign up click here Vishal Garg, Better.com Source: Better.com Vishal Garg, founder and CEO of digital mortgage lender Better, is staying on as CEO, according to an internal memo obtained by CNBC. The move comes less than two months after Garg came under fire......

GoPuff launches line of private label products, starting with bottled water

CNBC
CNBC – For more and to sign up click here As GoPuff heads toward an anticipated IPO, the quick commerce company is launching its own line of private label products — a move more in line with Amazon‘s e-commerce business model than Doordash‘s or Uber’s delivery platform. The lineup will......

Autonomous driving start-up Wayve bags $200 million from Microsoft, Virgin and Baillie Gifford

CNBC
CNBC – For more and to sign up click here Wayve CEO and co-founder Alex Kendall. Wayve LONDON — U.K. autonomous driving start-up Wayve has been backed by a host of big name investors including Microsoft, Virgin and Baillie Gifford in a $200 million funding round that brings total investment......

Solar window start-up aims to turn skyscrapers into vertical solar farms with investment from major window manufacturer

CNBC Real Estate
Ubiquitous Energy solar energy capturing windows installed at Michigan State University. Courtesy of Ubiquitous Energy A material science start-up, Ubiquitous Energy, is raising tens of millions of dollars to turn windows into surfaces that capture solar energy. The California start-up announced on Tuesday it closed a $30 million funding round,......

Top U.S. VC firms are struggling to find the right staff in Europe

CNBC
CNBC – For more and to sign up click here Sequoia Capital Global Managing Partner Doug Leone speaks onstage during Day 2 of TechCrunch Disrupt SF 2018 at Moscone Center on September 6, 2018 in San Francisco, California. Steve Jennings | Getty Images LONDON — Some of America’s most successful......

Why investors remain bullish on India’s start-up outlook for 2022

CNBC
CNBC – For more and to sign up click here A restaurant advertises the use of the Paytm digital payment system in Mumbai, India, on Saturday, July 17, 2021. Dhiraj Singh | Bloomberg | Getty Images India’s technology start-ups will continue to attract capital from both private and public markets......

Jack Dorsey blocked on Twitter by Marc Andreessen after Web3 comments

CNBC
CNBC – For more and to sign up click here Jack Dorsey creator, co-founder, and Chairman of Twitter and co-founder & CEO of Square speaks on stage at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida.......

Kickstarter, Discord and others are raving about ‘Web3.’ Their users give them a reality check

CNBC
CNBC – For more and to sign up click here Chris Ratcliffe | Bloomberg | Getty Images When Kickstarter unveiled its ambition to develop a blockchain-based crowdfunding system, the company characterized the move as a way to push creators closer to their audiences. “Backers should be able to easily discover......

A Dutch vertical farming company has just been valued at over $1 billion

CNBC
CNBC – For more and to sign up click here Infarm, an Amsterdam-headquartered start-up that grows food indoors in racks, has been valued at over $1 billion in a new $200 million funding round. It is the first vertical farming start-up in Europe to pass the $1 billion “unicorn” milestone.......

Payments start-up Checkout.com poaches Meta crypto exec to lead product strategy

CNBC
CNBC – For more and to sign up click here Checkout.com has hired Meta executive Meron Colbeci as its new chief product officer. Checkout.com LONDON — Checkout.com, a $15 billion payments start-up based in Britain, has hired Meta executive Meron Colbeci as its chief product officer. Colbeci joined Meta, the......

Reddit files to go public

CNBC
CNBC – For more and to sign up click here Steve Huffman CEO, Reddit, delivers remarks on ‘Redesigning Reddit’ during the third day of Web Summit in Altice Arena on November 08, 2017 in Lisbon, Portugal. Horacio Villalobos | Corbis | Getty Images Reddit on Wednesday announced that it has......

The biggest bear on tech IPOs has no regrets about his bad calls: ‘Crazy stuff happens’

CNBC
CNBC – For more and to sign up click here New Constructs CEO David Trainer New Constructs Just before Sweetgreen held its IPO last month, research firm New Constructs came out with a particularly gloomy price target on the salad restaurant chain: $0. The offer price was $28. A week......

Instacart president Carolyn Everson announces departure just three months after she started

CNBC
CNBC – For more and to sign up click here Carolyn Everson Source: CNBC Instacart President Carolyn Everson said Friday she will step down at the end of the year. The news comes just three months after she joined the company. Everson’s departure is the latest shake-up in Instacart’s C-suite.......

NHTSA is discussing faulty Autopilot cameras with Tesla

CNBC
CNBC – For more and to sign up click here Tesla Model 3 Source: Tesla The National Highway Traffic Safety Administration said on Thursday that it is communicating with Tesla regarding faulty Autopilot cameras in some of the electric vehicles the company produced in Fremont, California. As CNBC reported on......

As wildfires get hotter and more common, these start-ups are helping people protect their homes

CNBC
CNBC – For more and to sign up click here In October 2017, Anil Arora sat helplessly in San Francisco as the Tubbs Fire approached his home in Calistoga, California. Arora watched through a Ring camera as the fire worked its way through his yard before consuming the rest of......

Apple loses key autos engineer to electric aviation startup Archer

CNBC
CNBC – For more and to sign up click here Attendees watch as the Archer Aviation Maker is unveiled on June 10, 2021 in Hawthorne, California. Patrick T. Fallon | AFP | Getty Images Michael Schwekutsch, a director of engineering in the Apple Special Projects Group that’s reportedly working on......

HashiCorp aiming for $13 billion valuation in IPO, according to updated prospectus

CNBC
CNBC – For more and to sign up click here HashiCorp employees at the start-up’s HashiConf conference in San Francisco in October 2018. HashiCorp Cloud software vendor HashiCorp updated its IPO prospectus on Monday, disclosing plans to sell shares at a price that would value the company at up to......

Stripe co-founder says the $95 billion fintech giant is ‘very happy’ staying private

CNBC
CNBC – For more and to sign up click here Online payments giant Stripe is still in no rush to go public, with co-founder John Collison telling CNBC the company is happy staying private for now. “We’re very happy as a private company,” Collison said, speaking in an interview with......

10-minute grocery delivery start-up Getir to buy UK rival Weezy as buzzy market enters consolidation

CNBC
CNBC – For more and to sign up click here A delivery driver of the Turkish delivery service “Getir” rides his bicycle. Michael Kappeler | picture alliance | Getty Images LONDON — Turkish start-up Getir on Tuesday agreed to acquire British rival Weezy, in the latest sign of consolidation in......

GM takes a stake in electric boating start-up Pure Watercraft

CNBC
CNBC – For more and to sign up click here General Motors, which has billed itself as “all in on electrification” this year, has acquired a 25% stake in Pure Watercraft, a Seattle start-up that makes electric outboard motors for boats, the companies told CNBC. Pure Watercraft motors use lithium......

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