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Tag: cash burn

Silicon Valley Bank Collapse Leaves Tech Industry Scrambling For Answers

Startups
The stunning move by the FDIC to take over Silicon Valley Bank on Friday left venture firms and their portfolio companies staring...

Silicon Valley Bank Fails, Is Taken Over By Banking Regulators

Startups
Silicon Valley Bank, the de facto financial institution for much of the venture-backed startup world, was shut down by banking regulators on...

Silicon Valley Bank: Closed by regulators to protect deposits

Crowdfunding
The banking industry has been rocked once again, this time by Silicon Valley Bank (SVB), the bank of choice for tech startups.  The bank has...

Momentus preparing for Vigoride thruster test as it ships next vehicle

Aerospace
WASHINGTON — In-space transportation company Momentus is gearing up for a key test of one orbital transfer vehicle as it ships another for launch...

US bank woes? Silicon Valley Bank stocks plunge 1 day after Silvergate downfall

Blockchain
Fears have been heightened over the future of another United States bank this week after Silicon Valley Bank (SVB) announced a significant sale of...

Silicon Valley Bank Stock Plunge Sends Jitters Through The Startup World

Startups
Silicon Valley Bank — the preeminent bank for tech startups and venture debt in the valley — saw its shares plummet Thursday...

‘Go big or go home’: Opendoor’s high-stakes bid to disrupt real estate

Real Estate
With billions saved — and lost — Opendoor is living by the creed “go big or go home.” Yet even after a dreary Q4,...

Carvana debt bills come due with business ‘firmly in retreat’

Automotive
Carvana Co. is staring down rising interest payments each of the next three months with vehicle sales and earnings moving in the wrong direction....

Opendoor’s losses doubled in Q4 as the iBuyer’s revenue fell 25%

Real Estate
In these times, double down — on your skills, on your knowledge, on you. Join us Aug. 8-10 at Inman Connect Las Vegas to...

Scaling during a downturn: Growth Strategies for the Modern CFO

SaaS
After a groundbreaking recovery period in 2021, we saw businesses struggling to adapt to the latest version of the "new normal" in 2022 with...

Virgin Orbit narrows down cause of LauncherOne failure

Aerospace
WASHINGTON — Virgin Orbit’s chief executive said Feb. 7 that a problem with a relatively inexpensive part may be linked to the failure of...

Offerpad cutting more jobs in conjunction with $90M raise

Real Estate
The struggling iBuyer confirms the company has laid off an unspecified number of employees, with more details coming on the Feb. 22 fourth-quarter earnings...
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