Connie Loizos
Loizos has been reporting on Silicon Valley since the late ’90s, when she joined the original Red Herring magazine. She is currently the Silicon Valley Editor of TechCrunch. She’s also the founder of StrictlyVC, a daily e-newsletter and lecture series.
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Latest from Connie Loizos
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For Binary Capital’s investors, a public apology may fall short
In May of last year, speaking on behalf of his firm, venture capitalist Justin Caldbeck of Binary Capital tweeted: “Big believers in ‘addition by subtraction’ for company culture. Bad apples impact others, and rest of team will thank you when they’re gone.” His messaging seems ironic in light of a detailed report about his own predatory behavior toward at least… Read More
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As Uber’s value slips on the secondary market, Lyft’s is rising
It’s been happening for months. The value of Uber’s shares has been falling on the secondary market, hammered by a barrage of press attention paid to its real and perceived misdeeds. Meanwhile, Lyft’s stock is on the rise. It’s hard to know if these trend lines will continue, but sharks are circling, with prospective buyers trying to gauge fear in the market — and… Read More
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Kalanick is out, but Uber’s VCs royally screwed up, too, say industry watchers
Travis Kalanick, who resigned from his post as CEO of Uber, has taken the blame for the company’s long list of problems, from allowing a culture of sexual harassment, to skirting the law with its Greyball program, to mishandling the medical files of a customer raped by one of the company’s drivers. But many view the VCs who pushed Kalanick from his role are nearly as culpable. Read More
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Andreessen Horowitz gets a new general partner in Jorge Conde
Andreessen Horowitz is making an even bigger push into healthcare IT, bringing aboard serial entrepreneur Jorge Conde as a general partner. Conde has spent the last 15 years working largely in genomics. Still, Conde, who also has an MBA from Harvard and worked previously in investment banking, has known for some time that he wanted to switch sides at the table and jump into investing. Read More
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Uber is implementing tipping, but how well it works will be critical
On the heels of what must feel to employees like the longest six months in Uber’s eight-year history, this morning the company introduced an initiative that it’s calling “180 Days of Change” and announced, most notably, that it will start allowing riders to tip drivers in the app. This is no small thing. Read More
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Aspect Ventures is raising its second fund
Aspect Ventures, the San Francisco-based early-stage venture firm founded in 2014 by longtime VCs Jennifer Fonstad and Theresia Gouw, has begun raising its second fund, and the outfit is looking to raise up to $175 million, shows an SEC filing. The firm hasn’t responded to questions about its fundraising plans, but we’d guess that investors will line up quickly to fund the firm. Read More
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Why Stackshare is quietly becoming a secret weapon for developers and Silicon Valley CTOs
On Stackshare, Airbnb lists over 50 services in its “stack,” Slack lists 24, and Spotify lists more than 31; these stacks are collections of different pieces of software that each company is using to run their operations, and range from infrastructure tools to communications tools to container tools to email services. Why are companies beginning to share the specific mix of… Read More
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Hiro Tamura is the Atomico partner U.S. founders should know; here’s why
If you’re a U.S.-based founder and you’ve ever wondered how to pitch the London-based firm Atomico or, more specifically, who to pitch, Hiro Tamura is someone you might get to know better. Though he’s based in London, Tamura is the general partner who spends the most time in the U.S. — about one week a month on average. How does it work? Tamura says he gets ample… Read More
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Talking with Alda Leu Dennis, the newest partner at Initialized Capital
It’s only been a few days since she started her new job, but Alda Leu Dennis, the newest partner (and COO) of Initialized Capital, seems like she’s ready to hit the ground running. Given her background, that’s not surprising. Dennis just joined the 15-person, San Francisco-based firm from the secondary investment firm 137 Ventures, where she led investments in Planet Labs… Read More
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Trucker Path just lined up $30 million in debt to lend to the truckers on its platform
Trucker Path, a three-year-old, Mountain View-based platform that helps connect drivers, brokers, shippers, and carriers, has just lined up $30 million in debt funding so it can start loaning some of those truckers money right after they deliver their freight. It’s seemingly a win-win. It means truckers needn’t wait 30 to 60 days to get paid by the vendors who hire them. In… Read More
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No acting CEO at Uber, no problem?
Instead, Kalanick told employees, the company will be run by his direct reports. Meanwhile, owing to the results of a probe led by former U.S. attorney general Eric Holder — who was hired to look into allegations of harassment, bullying, and discrimination at the company — some of Kalanick’s responsibilities will be shared or given outright to other senior executives when he… Read More
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The “Instagram for doctors” just raised a fresh $10 million
Figure 1 isn’t for the squeamish, but investors apparently love it. The company, a kind of social network where more than a million healthcare professionals can view rare conditions, learn about novel treatments and even teach cases, has just raised $10 million in Series B funding. Kensington Capital Partners led the round in Figure 1, which has also been called the Instagram for doctors. Read More
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Jeremy Liew suggests watching “Planet of the Apps” for its window onto pitch meetings
Reviewers have not been kind to Apple’s first TV offering, “Planet of the Apps.” Variety had a particularly entertaining, if biting, take, with writer Maureen Ryan likening the show to “something that was developed at a cocktail party, and not given much more rigorous thought or attention after the pitcher of mojitos was drained.” Earlier today, we talked with one… Read More
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Uber’s board is discussing a leave of absence for Travis Kalanick; will Garrett Camp replace him?
According to a variety of media reports, Uber’s board is meeting in Los Angeles today in what may be the most critical sit-down in the company’s eight-year history. The biggest item on the agenda, according to the New York Times, is whether or not cofounder and embattled CEO Travis Kalanick should take a leave of absence. How strongly the board pushes for this will likely depend on… Read More
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Venture-backed Ravel Law sells to LexisNexis
Ravel Law, a legal search, analytics, and visualization platform that aims to turn lawyers into data analysts, has sold itself five years after its 2012 founding. The buyer: the New York-based legal research giant LexisNexis, which is paying an undisclosed sum for the company and whose tech it plans to incorporate into its own products. Ravel, based in San Francisco, will continue to operate… Read More
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Uber just pissed off dozens of longtime employees; now they’re gunning for management
Earlier this week, Uber executives revealed to the company’s 12,000 employees that 20 of their colleagues had been fired and that 57 are still being probed over harassment, discrimination and inappropriate behavior. Those complaints had pushed Uber into crisis mode earlier this year. But the calamity may be just beginning. Read More
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Gamer chat tool Discord secretly raised ~$50M as insiders cashed out
It’s been a rocky road to glory for Discord, a startup whose iPad battle arena game, “Fates Forever,” earned it a top spot at our 2013 TechCrunch Disrupt show, but wound up flopping with users. What a difference a few years makes. After pivoting to a voice and text chat tool for video game teams and trash talkers in 2015, Discord’s current trajectory makes it one of… Read More
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WeWork has acquired venture-backed Fieldlens
WeWork, the seven-year-old, New York-based co-working juggernaut that more recently entered into the business of co-living, has been making a series of small acquisitions with some of the $1.8 billion that it has officially gathered from investors. Its latest acquisition: Fieldlens, a 5.5-year-old mobile communication system for the construction industry. Read More
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Cadre collects $65 million in Series C funding
Cadre, a three-year-old, New York-based real estate startup, has raised $65 million in Series C funding led by Andreessen Horowitz. Cadre, which aims to make it easier for family offices, endowments and other moneyed investors to invest in real estate using technology, closed its Series B round with $50 million in January of 2016. It raised $18.3 million in Series A funding in 2015. Read More
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The RealReal ropes in $50 million in new funding
The RealReal, a six-year-old, San Francisco-based company focused on authenticated, high-end resale items for women, men, and the home, has landed $50 million in growth funding from the private equity firm Great Hill Partners. The round, which brings the company’s total funding to $173 million, did not include previous backers; a spokeswoman for the company says Great Hill “wanted… Read More
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