Peter Thiel

Brex, the credit card for startups, raises $100M debt round

Brex turns to debt to fuel its next stage of growth.

Facebook taps Peggy Alford for its board, Reed Hastings and Erskine Bowles to depart

Facebook’s board is undergoing its biggest shakeup in memory. On Friday, the company announced that Peggy Alford would be nominated to join the company’s board of directors. “Peggy i

Forge acquires IRA Services to expand offering for private company shares

Forge, the marketplace for trading private company shares formerly known as Equidate, announced that it will be acquiring custodial trust company IRA Services for a purchase price of $55 million. IRA

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

Trump promotes Michael Kratsios to US Chief Technology Officer

More than two years into the Trump administration, the long-vacant post of U.S. chief technology officer will be filled. Bloomberg first reported that today Trump is elevating Michael Kratsios, curren

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.

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.

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.

Summersalt raises $6M for its direct-to-consumer line of eco-friendly swimsuits

Founders Fund has led the $6 million Series A for the startup, which plans to use the investment to launch a line of travel apparel.

Recent departures hint at turmoil at Quartet Health, a mental health startup backed by GV

Quartet Health, a startup backed with nearly $100 million from GV, Oak HC/FT and more, has quietly lost its COO, CPO and replaced its CEO this month.

How the 22-year-old founders of Brex built a billion-dollar business in less than 2 years

Henrique Dubugras and Pedro Franceschi, the co-founders of Brex, have raised $125 million at a $1.1 billion valuation just four months after the startup's public launch.

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

Peter Thiel’s argument that Silicon Valley has been ‘brainwashed’ by higher education is tired

Billionaire VC Peter Thiel has largely flown under the radar since raising his hand to support Donald Trump’s presidential bid, then working with Trump’s administration to fill some of its

Gawker is relaunching in early 2019

After a two-year hiatus, Gawker is coming back. Peter Thiel, be damned. Bustle-owner Bryan Goldberg, who paid $1.35 million for rights to the defunct gossip site in a bankruptcy auction in July, wrote

GreyOrange raises $140M to develop fully-automated robotics for warehouses

GreyOrange, a Singapore-headquartered firm that develops robots for warehouses, has pulled in a $140 million Series C funding round as it targets more expansion and growth. The company was started in

Palantir confirms a staff link with Cambridge Analytica

Turns out there is a link between Peter Thiel’s secretive big data analytics firm, Palantir, and Cambridge Analytica — the political consulting firm at the center of the current Facebook

Facebook hit with shareholder lawsuits over data misuse crisis

The lawsuits are piling up against Facebook in the wake of the Cambridge Analytica data misuse and political ad targeting scandal. According to SF Gate the company has been hit with four suits in fed

One of the youngest fund managers in the U.S. just launched her own accelerator, too

Last August, we told you about Laura Deming, a New Zealand native who was home schooled before moving halfway around the world as a 12-year-old to work alongside Cynthia Kenyon, a renowned molecular

The dinner that destroyed Gawker

This is an excerpt from Ryan Holiday’s new book Conspiracy: Peter Thiel, Hulk Hogan, Gawker, and the Anatomy of Intrigue, available now. Peter Thiel’s vague idea to do something about Gawker, the
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