Founders Fund

Mutiny at HQ Trivia fails to oust CEO

This week’s banishment of host Scott Rogowsky was merely a symptom of the ongoing struggle to decide who will lead HQ Trivia. According to multiple sources, more than half of the startup’s staff s

Clearbanc plans to disrupt venture capital with ‘The 20-Min Term Sheet’

The founders of Clearbanc don't want entrepreneurs giving up equity for ad spend.

Meet the Texas startup that wants to decarbonize the chemical industry

Solugen, a startup that has set itself up with no less lofty a goal than the decarbonization of a massive chunk of the petrochemical industry, may be the first legitimate multi-million-dollar company

Morphin instantly Deepfakes your face into GIFs

Want to star in your favorite memes and movie scenes? Upload a selfie to Morphin, choose your favorite GIF and your face is grafted in to create a personalized copy you can share anywhere. Become Tony

137 Ventures raises $210M to give liquidity to startup employees

This is the Palantir, Airbnb and Flexport backer's fourth growth-stage venture capital fund.

The Silicon Valley exodus continues

Y Combinator, a longtime resident of Silicon Valley, is planning to move its HQ to San Francisco.

Startups Weekly: Flexport, Clutter and SoftBank’s blood money

Plus, Pinterest is going public too, Lyft's IPO is imminent and London is home to the largest pre-seed fund ever.

Logistics startup Flexport just raised a SoftBank-led round at a whopping $3.2 billion valuation

Flexport, a 5.5-year-old, San Francisco-based full-service air and ocean freight forwarder, says it has raised $1 billion in fresh funding led by the SoftBank Vision Fund. Earlier backers of the compa

Keith Rabois joins Founders Fund amid transition at the firm

Longtime investor Keith Rabois is joining Founders Fund as a general partner, the firm let us know today. He brings its total number of partners to nine. According to Founders Fund, Rabois will invest

Indonesia-focused Intudo Ventures raises new $50M fund

Intudo Ventures, a VC firm focused on Indonesia, has closed a new $50 million fund. This is Intudo’s second fund to date following its $20 million debut last year. The firm is a relative newc

Ritual raises $25M for its subscription-based women’s daily vitamin

Ritual is backed by Norwest Venture Partners, Forerunner Ventures and Founders Fund.

Startups Weekly: Even Gwyneth Paltrow had a hard time raising VC

This week in startups: Celebrities mingle with VCs at the Upfront Summit, Pinterest preps banks for IPO and Sam Altman has a grand new idea.

Wellness startup Hims enters the unicorn club with $100M investment

Men and women's wellness startup Hims has raised $100 million on a $1 billion pre-money valuation.

Peter Thiel’s Valar Ventures targets $350M for new funds

Valar Ventures plans to raise $350 million across two new funds, according to a pair of SEC documents filed this morning.

More investors are betting on virtual influencers like Lil Miquela

Brud, the company behind the virtual celebrity Lil Miquela, is now worth at least $125 million thanks to a new round of financing the company is currently closing. Meanwhile, new venture-backed compan

Postmates lines up another $100M ahead of IPO

Postmates has landed a $100M investment to compete with SoftBank-backed competitor DooDash ahead of an IPO expected later this year.

Synapse raises $6M to bring neural net weapon detection to x-ray machines

With all of the advances made by computer vision tech in the past few years, it might seem a little crazy that so much of the x-ray security equipment being used at sensitive locations is leaning so h

Distinguished VCs back wholesale marketplace Faire with $100M at a $535M valuation

Kirsten Green of Forerunner Ventures, Keith Rabois of Khosla, Alfred Lin of Sequoia and Alex Taussig of Lightspeed are backers of Faire.

Zizoo, a booking.com for boats, sails for new markets with $7.4M on board

Berlin-based Zizoo — a startup which self describes as booking.com for boats — has nabbed a €6.5 million (~$7.4M) Series A to help more millennials find holiday yachts to mess about ta

Africa Roundup: Local VC funds surge, Naspers ramps up and fintech diversifies

Jake Bright Contributor Jake Bright is a writer and author in New York City. He is co-author of The Next Africa. More posts by this contributor Drone delivery startup Zipline launches UAV medical prog
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