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Tag: Vision Fund

WeWork co-founder Neumann sues SoftBank over failed tender offer

Reuters
(Reuters) - WeWork co-founder Adam Neumann filed a lawsuit against Japan’s SoftBank Group Corp and its Vision Fund on Monday for terminating a...

How the coronavirus pandemic is impacting buzzy startups, from Rent the Runway to Peloton

Business Insider
Funding was already drying up for some Silicon Valley startups when the coronavirus hit, threatening their wild growth.Some are now shutting down, laying...

How Freight master Flexport’s Ryan Petersen learned to CEO

Startups
“I didn’t know what the term ‘freight forwarder’ meant until a year into starting the business.” Considering his shipping logistics startup Flexport ...

Crypto Banks Answer the Call Amid Coronavirus-Fueled Economic Decline

Blockchain
As 2020 staggers on, the scourge of the coronavirus is showing no sign of relenting any time soon. Since the reality of the...

Unicorn layoffs keep piling up as the economy gets worse

Startups
Earlier today a grip of new data presented a sharply negative picture of the American economy. And this afternoon, news broke that a...

SoftBank-backed iBuyer Opendoor just slashed 35% of staff after the coronavirus forced the startup to halt its home-flipping operations

Business Insider
SoftBank-backed iBuyer startup Opendoor laid off 35% of its staff, or roughly 600 employees, on Wednesday, The Information first reported.Opendoor CEO Eric Wu...

Major Fintech and Blockchain Backer SoftBank Expected to Lose $12.5 Billion

Blockchain
SoftBank Group Corp (SFTBY), the parent company of Fortress Investment Group is expected to lose $12.5 billion for the fiscal year that ended...

VC activity goes upside down as seed deals fall and mega-rounds rise

Private Equity
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Earlier today, PwC and...

Gold Surpasses $1,700 While Bitcoin Corrects

Blockchain
Starting today, and for the next six weeks or so, companies will be reporting how they fared during the first three months...

Korean grocery startup Kurly raises $150M

Covid19
Kurly, a startup that operates a grocery delivery service in Korea, has secured $150 million in a new financing round months after reports...

Veteran VC Mike Volpi discusses investing and fundraising in a very difficult time

AI
Last week, I talked with Mike Volpi, longtime Index Ventures partner and the former head of M&A at Cisco for many years before...

10 things you need to know before the opening bell

Blockchain
Tomohiro Ohsumi/Getty ImagesHere's what you need to know before the markets open. 1. SoftBank's profits nosedived 99% last quarter. Here's why its stock went...
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