Long live the vibe capitalist!

Last week, many investors were left with egg on their faces after FTX’s valuation went from $32 billion to zero in a New York minute. VCs were left wondering, “What the hell happened?” And they’re still wondering, “Wait — did I do something wrong? Is it me?” Wh

SoftBank writes down nearly $100 million investment in FTX

As more details emerge regarding the events that led to FTX's bankruptcy and stunning collapse, the cryptocurrency exchange's investors are also being scrutinized. Namely, many people are asking just how could so many high-profile investment firms pour in a collective $2 billion with appare

Vow's first cultured meat product close to Singapore unveiling after $49.2M Series A

Another cell-based meat company is poised to have its meat products introduced in restaurants. Vow's first product brand, Morsel, which was created from its cultured meat technology, will go into Singapore restaurants by the end of this year. Singapore was the first nation to approve cultured m

Nearly 80% of venture funds raised in just two states as US LPs retreat to the coasts

Venture capital funds in the United States raised more dry powder in the first three quarters of this year than they did in all of 2021, but it’s not equally distributed: The big funds keep getting bigger while fundraising has gotten harder for the majority of other players. And Q3 data shows

The bottom keeps dropping for software valuations

Another day, another 52-week low. It seems that instead of finding fresh support, the value of software companies keeps discovering new basement levels to descend into. This afternoon, software stocks were off 3% or so, while the broader Nasdaq composite was down around 2% in mid-afternoon trading.

VC investors and startup founders see hope in the red wave that wasn't

Janna Meyrowitz Turner's biggest concern going into the U.S. midterm elections was that more than half of American voters had an election denier on their ballot. She was quite nervous, alongside pundits and polls who expected a red wave, a conservative flush that would take hold of Congress, st

Tiger Global taps TCV partner Rohit Iragavarapu

Tiger Global is adding Rohit Iragavarapu — the partner at TCV Capital involved in deals such as GitLab, Attentive, Toast, LegalZoom and Avetta — to its investment team, two sources familiar with the matter said. Before joining TCV in 2019, Iragavarapu worked at TPG Global and Morgan Sta

Quona Capital sinking $332M into startups focused on financial inclusion

Though finance technology startups are having a moment when it comes to decreased venture capital deals and layoffs, Quona Capital, a venture capital firm that invests in emerging markets that accelerate financial inclusion, has found the appetite is still there for fintechs. The firm had its final

Doola nurses new capital for its 'business in a box' tool targeting global founders

Doola, a company helping global founders start a limited liability company in the United States, even without a Social Security number, raised an $8 million round of funding. The new investment comes less than one year after the company secured $3 million in seed funding. This gives the company jus

Outgoing YC President Geoff Ralston: The market is changing; YC’s terms are not

Last week at Web Summit, we were asked to interview outgoing Y Combinator President Geoff Ralston about the past, present and future of the popular accelerator program. We covered a lot of ground during our 20-minute chat, including why Ralston — long a partner at YC —  decided to leav

These folks are working to bring more diversity to the venture LP investing pool

When you think about diversity in the startup ecosystem, one area that could be overlooked is the limited partner pool. These are the folks who contribute to the larger funds or individual investments. They don’t necessarily have the same influence over deals that VCs do, but they are a key p

Daily Crunch: Twitter layoffs violated federal worker protections, class action lawsuit alleges

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. Friday, and all eyes are on the vast number of Twitter employees who were given the boot, unceremoniously, with many of 'em finding out they'd lost their

Daily Crunch: WhatsApp’s new discussion groups offer end-to-end encryption and support up to 1,024 users

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. Oh heeeey! How are you doing today? We've had a pretty busy day on the site today, with a veritable cornucopia of news spilling all over the internet. We'

Investor's advice during a downturn: Don't panic

Competing in an increasingly crowded space can be nerve-wracking. Competing in an increasingly crowded space amid a challenging fundraising environment is even more nerve-wracking. We all know that cash is not nearly as readily available in 2022 as it was in 2021. This puts startups in the position