Gradient Ventures backs Axle's 'Plaid for insurance' approach to data verification

The inability to accurately assess risk for insurance purposes is costing the industry a lot of money. Earlier this year, State Farm reported that its property and casualty underwriting business took a $13 billion hit in 2022 due to “rapidly increasing claims severity and significant additions to

When your startup fails

A startup begins as an idea, an inkling. Maybe the founder sees a pain point and thinks they can solve it with a bit of technology and shift an industry, but it doesn't always go quite as planned. That’s what ShelfLife founder Lillian Cartwright found when she launched her startup. As the

Why the startup sector should keep its eye on the SEC

With the failure of Silicon Valley Bank, the U.S. startup ecosystem lost an important business partner. But the greater fallout could be what's coming next: a spate of tighter regulations directed not just at midsize banks like SVB — but also at private companies and funds. Although SVB's

Tragic killing in SF, Twitter sends dogecoin soaring, and Android gains an account deletion option

It’s that time of the week, folks: Week in Review (WiR) time. If you’re new to WiR, it’s the newsletter where technewss recaps the week in tech that was. We get it — you’re a busy person. We all are. So what better way to catch up on what’s happened than in a su

Selling insurance is hard, but that’s not bad news for insurtechs

W elcome to the technewss Exchange, a weekly startups-and-markets newsletter. It's inspired by the daily technewss+ column where it gets its name. Want it in your inbox every Saturday? Sign up here. I spent quite a bit of time lately looking at the latest in insurtech. What’s great abou

To raise an opportunity fund this year or to not raise an opportunity fund?

One of the biggest venture capital trends of the last few years was early-stage firms raising “opportunity” funds to make follow-on investments into their most successful bets. But amid a tougher fundraising market that impacts both VCs and startups, muted exit environment and slowdown

Daily Crunch: ‘Copy-from-China’ social media app Lemon8 squeezes its way into US top 10

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. Hello, and welcome to your Friday. Did the week drag on, or did it go by quickly for you? Or maybe you had today off. No matter, I'm here to bring you all of

Everything you need to know about parametric insurance

Insurance is one of the few industries that have remained largely unchanged over the past few decades at a low level: You suffer losses as a direct result of something going south, and you get paid by your insurer. But that old model doesn't always work. For example, a construction company in a

3 takeaways from Substack’s newly released financial results

I got excited — very excited — when I found out that Substack’s equity crowdfunding effort would result in it releasing financial results. Sadly, due to rules and the timing of the fundraise, Substack is not required to detail its financials for 2022, and so the startup released hard data

New at Disrupt, the AI Stage

We’re pleased to announce that Disrupt, technewss’s annual flagship conference, will feature a new stage this year: the AI Stage. The AI Stage will feature experts from across the AI landscape, including ethicists, entrepreneurs and investors enmeshed in developments around AI and mach

Make networking work for you at TC Early Stage

You might think networking is about flattering other people. It's not. Networking is about you, your future, and everything you need to get your business connected at the next level. That's why we've made sure that technewss Early Stage in Boston on April 20 is all about you, the early

VCs to recommerce startups: Let’s pop some tags

Recommerce is a concept as old as trade itself. Everyone knows thrift stores or has bought a used product before — it's not a new concept. Yet, today it's become one of the hottest topics for consumers, brands and investors alike with a record ~$6 billion of venture capital funding pourin

The first group of upcoming potential unicorn IPOs is shaping up well

Sure, it’s demo day week over at Y Combinator, but that doesn’t mean we have to only discuss the smallest and youngest startups out there. In fact, a small news item from today reinforces our view that the list of companies we’re earmarking as strong possibles for an IPO when the

Daily Crunch: New Twitter Blue feature will reportedly squelch 50% of ads for paid members

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. Well, hello there! Haje is getting a head start on the weekend, so it's going to be me and you for the next two days. I've been among the group of TechCru