Free Agency CEO seems to care more about control than the company, former employees say

According to former employees of human resources startup Free Agency, CEO Sherveen Mashayekhi’s leadership style is holding the startup back as he seems to care more about demanding loyalty and controlling his employees than building a company. The New York-based startup launched in 2019 with

Axion Ray brings intelligence to manufacturing to find issues before they cause trouble

Manufacturers face a dizzying array of potential problems around the products they produce, and it’s challenging to track down issues. This isn’t just nice to know. It's crucial information, often tracked manually today by human auditors in spreadsheets. In some cases, failing to un

You.com takes aim at Google and Microsoft with multimodal chat search

You.com founder Richard Socher knows that his company has always been a David going after the Goliath in search, Google, and to a lesser extent Microsoft. He likes to point out that his company built search based on generative AI in December, several months before the other giant search players mad

IFC leads $17M investment in South African insurtech Naked

"speakable-summary" style="font-weight: 400;">Naked Insurance, a South African insurtech company that helps consumers to insure their cars, homes and valuables, has raised $17 million in Series B funding led by the International Finance Corporation (IFC). The round welcomed participation from the Ge

The on-demand delivery trilemma

In the crypto world, there's a popular maxim called the Blockchain Trilemma, which refers to the difficulty of simultaneously achieving three desirable properties in a blockchain network: security, scalability and decentralization. The trilemma states that it is impossible to have all three pro

This UK startup has come up with a unique way to verify small businesses on WhatsApp

It would appear that OpenAI's Chat GPT allying with Bing will not be the only threat to Google's search business model in the future. With its release of WhatsApp Business app (WAB), Meta is effectively building a sort of rival search engine to Google to keep us all inside the app. While th

Learn what it takes to turn a lab idea into a real business

Turning a great idea into a viable startup takes patience, perseverance and more than a little luck. But when an idea originates in a lab — whether it's AI, biotech, robotics or another deep tech research project — things quickly become tougher and much more expensive. So, how do you naviga

Bibak is building the software stack to manage reusable food containers at scale

French startup Bibak (formerly known as La Consigne GreenGo) has amassed $6.4 million (€6 million) in an equity funding round and debt. The company wants to put an end to single-use plastic food packaging and replace those with reusable food containers. Founders Future, MAIF Impact, Seed One, Not

6 VCs share advice for laid-off tech workers planning to launch startups

Many tech workers have never experienced a job market like this one. Last year, 1,044 tech companies let go of 159,786 employees, according to Layoffs.fyi. As of this writing, 103,767 workers have been laid off from 345 startups so far in 2023. Many, many more are coming, obviously.

Andreessen Horowitz backs ModernFi's deposit marketplace for banks

Banks aren't letting fintechs have all the fun when it comes to using technology, providing an opening for startups to show them what they got. In the same vein as companies like Flourish Fi, Treasury Prime, Savana and Amount offering software for banks, ModernFi is providing a marketplace for

On the journey to Series B, strategy is more important than metrics

Software founders have never had so many metrics thrown at them by VCs on how to run a business. Across social media, in newsletters and at events, it's been hard to escape charts on measuring CAC, cash burn, growth and efficiency. We've never believed that great businesses are built solely

Building a growth marketing team the right way

Whether you’ve just secured some VC funding or finally achieved product-market fit, you’ll need to build a growth marketing team to really drive your startup’s next phase of growth. While walking to my workplace at Postmates one day in San Francisco's South of Market neighborh

Tiger Global and Ribbit invest another $100 million in PhonePe

PhonePe has raised another $100 million as part of an ongoing round, a deliberation that has now helped it pull $450 million in recent weeks despite the market downturn, as the Indian fintech giant bulks up its war chest following the recent separation from the parent firm Flipkart. Ribbit Capital,

Nigeria's Curacel raises funding to power insurance offerings and expand into North Africa

As many as 2.8% of Africans are insured, which is less than half the global average of 6.3%, making it the least insured continent in the world. Despite the abysmal number, there's some good news. According to a McKinsey report, most African countries have experienced double-digit insurance gro