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January 21, 2021

venture capital

How Miami Mayor Francis Suarez is luring tech players from Silicon Valley and New York

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Miami Mayor Francis Suarez speaks to the media during the annual hurricane preparation exercise at the City of Miami’s Emergency Operations Center on May 29, 2019 in Miami, Florida. Joe Raedle | Getty Images Miami Mayor Francis Suarez was leaving lunch at tech billionaire Peter Thiel’s house and on his......

SoftBank Vision Fund is losing Jeff Housenbold, who led investments in DoorDash, OpenDoor and Wag

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CNBC – For more and to sign up click here Jeff Housenbold, managing partner at SoftBank’s Vision Fund SoftBank SoftBank’s Jeff Housenbold, who led the Vision Fund’s investments in companies including DoorDash, OpenDoor and Wag, is leaving the firm later this year. SoftBank shook up the Silicon Valley investment world......

U.S. vehicle safety agency asks Tesla to recall 158,716 older vehicles over touchscreen glitches

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CNBC – For more and to sign up click here Customers look at a Tesla Motors Inc. Model X electric vehicle on display at the company’s showroom in Shanghai, China, on Tuesday, Sept. 12, 2017. Qilai Shen | Bloomberg | Getty Images The National Highway Traffic Safety Administration (NHTSA) asked......

Fintech start-up Curve raises $95 million to bring its ‘smart’ payment card to the U.S.

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CNBC – For more and to sign up click here Curve CEO and founder Shachar Bialick. Curve LONDON — British financial technology firm Curve announced Tuesday that it’s raised $95 million to fuel an expansion into the United States. Founded in 2015, Curve is among a flood of upstarts in......

Roblox raises $520 million ahead of planned stock market direct listing

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CNBC – For more and to sign up click here A rendering of the in-game action from the hit Roblox game “Jailbreak.” Source: Roblox Roblox, the kids online gaming company, said on Wednesday that it raised $520 million in a private financing round and announced separately that it will soon......

Affirm founder Max Levchin poised to become next billionaire from ‘PayPal mafia’

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CNBC – For more and to sign up click here Drew Angerer / Getty Images  Affirm founder and CEO Max Levchin is poised to join Elon Musk, Peter Thiel and Reid Hoffman on the billionaires list, becoming the latest member of the so-called PayPal mafia to add his name to......

Tesla reports nearly 500,000 vehicle deliveries for 2020, in line with guidance

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CNBC – For more and to sign up click here Tesla said Saturday that it delivered 180,570 electric vehicles in the fourth quarter, beating its previous record as well as Wall Street expectations. The electric automaker produced 170,757 vehicles total. For the year, Tesla delivered 499,550 vehicles in 2020, largely......

The unicorn billions created by Silicon Valley during the pandemic year of 2020

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CNBC – For more and to sign up click here Public and private markets raced through the pandemic, and many of the breakout IPOs and newly enriched start-ups also raced above it — in the cloud. The software boom of 2020 found an unlikely and gruesome tailwind in Covid-19, and......

Europe’s digital banks got a ‘wake-up call’ in 2020. And consolidation could be coming

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CNBC – For more and to sign up click here The icons for the Monzo and Starling Bank banking apps on a smartphone. Adrian Dennis | AFP via Getty Images LONDON — In a year when online banking has taken off, you’d think it would be a golden opportunity for......

Elon Musk says he once considered selling Tesla to Apple, Tim Cook didn’t want to take a meeting

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CNBC – For more and to sign up click here SpaceX owner and Tesla CEO Elon Musk (R) gestures as he arrives on the red carpet for the Axel Springer Awards ceremony, in Berlin, on December 1, 2020. Britta Pedersen | AFP | Getty Images On Tuesday, Tesla CEO Elon......

DoorDash and Airbnb pops were absurd, IPO process has gotten worse in last five years, says Gurley

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CNBC – For more and to sign up click here The massive pops during recent market debuts have proven the traditional IPO process has only gone downhill, Benchmark’s Bill Gurley said Tuesday. “The IPO process actually got worse over the last five years rather than better,” Gurley, who led the......

Telsa VC investor Tim Draper bets jetpack suits and flying motorcycles are the next frontier in human flight

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CNBC – For more and to sign up click here Richard Browning, CEO of JetPack Aviation demonstrates his JBPack suit JetPack Aviation It takes visionaries like venture capitalist Tim Draper to reimagine the future of transportation and back ideas many consider futuristic pipe dreams. But this renown Silicon Valley venture......

Elon Musk should apologize for mocking gender pronouns, says group that gave Tesla top LGBTQ-friendly rating

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CNBC – For more and to sign up click here Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020. Liesa Johannssen-Koppitz | Bloomberg | Getty Images In a series of tweets this......

Alphabet health company Verily bolsters warchest with another $700 million

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CNBC – For more and to sign up click here Dr. Jessica Mega, Verily’s chief medical officer Verily, the life sciences arm of Alphabet, has raised $700 million in fresh capital to expand its commercial business, including its clinical healthcare platform Baseline, which it has used for Covid-19 research. The......

Verisho’s Imran Khan says recent IPO pops show ‘epic level of incompetency’ from bankers

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CNBC – For more and to sign up click here When DoorDash and Airbnb went public last week, investors rallied around the stocks, sending them up 86% and 112%, respectively. But Verishop CEO Imran Khan said the public debuts showed extreme ineptitude by their investment bankers. “The last few IPOs,......

Amazon, Panasonic, and recycling start-ups prepare for battery wave tsunami

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CNBC – For more and to sign up click here Inside every smartphone and tablet lies a dense brick with a dark and complex history: its battery. The lithium that ferries charge back and forth likely started out in South American salt flats, where months of evaporation consumes millions of......

PayPal-backed fintech start-up Tink valued at more than $800 million after fresh funding

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CNBC – For more and to sign up click here Tink co-founders Daniel Kjellén and Fredrik Hedberg. Tink LONDON — A new movement in finance that calls on big banks to share their coveted customer data with younger technology rivals has gained significant momentum in 2020. Called open banking, a......

Biden secretary of State pick Blinken has ties to venture capital fund with national security portfolio

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CNBC – For more and to sign up click here President-elect Joe Biden’s pick to lead the State Department co-founded a business advisory firm that helped launch a little-known venture capital fund with a heavy national security portfolio. Antony Blinken, Biden’s choice to be secretary of State, co-founded WestExec Advisors......

Elon Musk confirms: ‘Yes, I have moved to Texas’

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CNBC – For more and to sign up click here SpaceX owner and Tesla CEO Elon Musk poses as he arrives on the red carpet for the Axel Springer Awards ceremony, in Berlin, on December 1, 2020. Britta Pedersen | AFP | Getty Images Elon Musk said Tuesday that while......

Peter Thiel’s VC firm has become a strategic partner to a European tech fund

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CNBC – For more and to sign up click here Peter Thiel, co-founder of PayPal Inc. VCG | Getty Images LONDON — Founders Fund, the venture capital firm set up by U.S. tech billionaire Peter Thiel, has quietly entered into a partnership with a European tech investment firm called Elevat3.......

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