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Mithril Capital Management, cofounded by Ajay Royan and Peter Thiel, is leaving the Bay Area

From its glass-lined offices in San Francisco’s leafy Presidio national park, six-year-old Mithril Capital Management has happily flown under the radar. Now it’s leaving altogether and rel

VCs say Silicon Valley isn’t the gold mine it used to be

In the days leading up to TechCrunch Disrupt SF 2018, The Economist published the cover story, ‘Why Startups Are Leaving Silicon Valley.’ The author outlined reasons why the Valley has &#8

Polestar unveils first production EV with aim to overtake Tesla

Polestar debuted its first production EV and previewed its electric car line in New York with the CEO squarely taking aim at Tesla. The Volvo subsidiary pulled the cover off its Polestar 1, which

Twitter says bug may have exposed some direct messages to third-party developers

Twitter said that a “bug” sent user’s private direct messages to third-party developers “who were not authorized to receive them.” The social media giant began warning us

Instagram denies it’s building Regramming. Here’s why it’d be a disaster

Instagram tells me Regramming, or the ability to instantly repost someone else’s feed post to your followers like a retweet, is “not happening”, not being built, and not being tested

Early-bird tickets close today, 9/21

TC Sessions: AR/VR on October 18 at UCLA is gearing up to be a great show. Early-bird sales end after today, September 21. Don’t miss out on the biggest savings for this event — book your

Interiors startup Clippings raises $15.4M Series B with Advance Venture Partners

Back in April we saw that eporta, a London-based B2B interiors marketplace startup, had raised $8 million in a Series A funding round led by US investor Canvas Ventures. Eport has digitized the catalo

Luxury fashion marketplace Farfetch opens trading on NYSE at $27, a pop of 35 percent

It’s been a strong year for tech IPOs so far, and it looks like today’s debut of Farfetch — a UK-based shopping site for luxury fashion — is on trend, so to speak. The company

On-demand trucking app Convoy raises $185M at $1B valuation

CapitalG, the growth equity arm of Alphabet, has led the $185 million round in Convoy, its first investment in the Seattle-based, tech-enabled trucking network. The round brings Convoy’s total r

Trump’s new cyber strategy eases rules on use of government cyberweapons

The Trump administration’s new cyber strategy out this week isn’t much more than a stringing together of previously considered ideas. In the 40-page document, the government set out its pl

Eventbrite goes public, and everyone else is raising hella money

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week we worked with an (excellent) skeleton crew. Our own Conni

uBiome is jumping into therapeutics with a healthy $83 million in Series C financing

23andMe, IBM and now uBiome is the next tech company to jump into the lucrative multi-billion dollar drug discovery market. The company started out with a consumer gut health test to check whether you

Eight Roads Ventures targets Southeast Asia deals

Eight Roads Ventures, the investment arm of financial giant Fidelity International, is moving into Southeast Asia where it sees the potential to plug the later stage investment gap. The firm has funds

Amazon makes offline retail push in India

Amazon unleashed a flurry of new products this week at a U.S. press event, but halfway across the world, it is getting deeper into physical retail in the Indian market. The U.S. e-commerce giant is bu

AdGuard resets all user passwords after account hacks

Popular ad-blocker AdGuard has forcibly reset all of its users’ passwords after it detected hackers trying to break into accounts. The company said it “detected continuous attempts to logi

Cleo, the ‘digital assistant’ that replaces your banking apps, picks up $10M Series A led by Balderton

When Cleo, the London-based “digital assistant” that wants to replace your banking apps, quietly entered the U.S., the company couldn’t have expected to be an instant hit. Many bette

Watch how Tesla Model 3 earned NHTSA’s top safety rating

The Tesla Model 3 has had its share of struggles, from CEO Elon Musk’s well-documented production hell to more recent logistic “nightmares” that have slowed deliveries to customers.

Audible brings its audiobook library to the Apple Watch

Didn’t get your fill of Amazon news among the 70 or so announcements at today’s Alexa event? Good news, Audible’s got something to add to the deluge. The Amazon-owned audiobook site just announc

Scientists have moved one step closer to RNA editing, which could be the next stage of CRISPR

Researchers at the prestigious Salk Institute are reporting that they have managed to map the molecular structure of a CRISPR enzyme that could allow scientists to more precisely manipulate functio

uBeam wireless power’s CEO Meredith Perry steps aside amidst B2B pivot

After repeatedly missing self-imposed deadlines for progress on its wireless charging-at-a-distance phone case, uBeam’s CEO Meredith Perry has decided to shift out of the CEO position and into a
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