Startups

Navin Chaddha, the storied investor running Mayfield Fund, doesn't want to be running a billion-dollar fund like many of his peers. “Everyone wants to be Sequoia or a16z,” he said, in an interview with technewss. “We want to be who we are: just copying somebody else is strategy for disas

A lot of my work as a consultant involves helping founders come up with a good fundraising story, but a surprising number of founders seem to get stuck on the next step: Finding the right investors and landing a meeting to pitch their companies. That’s a problem. It’s no good reading ne

When mHub opened its doors in Chicago seven years ago, the vision was to create a traditional incubator for people making things. It would involve a prototyping lab, offices, shared workspaces, meeting rooms and classrooms. In those seven years, the accelerator says it has supported more than 500 s

The countdown to early-bird savings for technewss Disrupt, taking place September 19–21 in San Francisco, continues. You have just five days left to save up to $800 on the price of admission. The early-bird window closes on Friday, May 12 at 11:59 p.m. PDT. We have Disrupt passes for every role

Invesco, which led Swiggy’s previous round, has marked down the Indian food delivery giant’s valuation in its holding to about $5.5 billion, according to a filing. This revised valuation, as of January 31, 2023, represents a striking 48.6% decrease from the $10.7 billion valuation Inves

Are you a seed-stage founder who's building a unicorn? NFX Founding Partner James Currier would like to save you some time: Startups that grow into billion-dollar companies have three basic forms of defensibility. Network effects: Your product becomes more valuable as more peop

Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you're reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, we'll take a look at the hottest fintech news of the p

Welcome to Startups Weekly, a nuanced take on this week's startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here. It's been a big week for tech acronyms. I woke up on Monday to news that First Republic Bank has been cl

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Fri-Yay! If you've got some time on your hands today, get your Disrupt tickets — early-bird savings end in 7 days! Also, it seems a little d

Rapid (previously known as RapidAPI), a startup that built out an API marketplace valued at $1 billion last year, has laid off another 70 employees less than two weeks after letting go of 50% of its staff, technewss has learned. An affected employee who wished to remain anonymous told technewss t

Shares of edtech company Chegg fell off a cliff this week after the company reported Q1 results that bested analyst expectations. But Q1's results aren't what made the company lose nearly half of its value. In its earnings call the company's executives noted that ChatGPT was slowing its

Small to medium-sized enterprises contribute 60% of Indonesia's gross domestic product. But companies in the D2C space still struggle to compete against bigger brands. Praktis wants to put them on a more level playing field. The startup, which handles everything from raw material purchases to o

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Why, hello, Crunchers! We're excited to tell you that today is Thursday! How fabulously exciting. Over on TC+, Haje has been hard at work tryi

Whether it's the coffee shop down the street, a mobile app on your phone or software used at work, any long-term minded and customer-centric company is typically focused on: Acquisition: Attracting new customers. Retention: Maintaining existing customer relationships and preventing churn. Expa