social + capital
Chamath Palihapitiya: It could take three years for the market to ‘accurately’ reprice late-stage cos
Former Facebook exec turned VC Chamath Palihapitiya has long been a controversial figure in the investing world. Both brilliant and combative, Palihapitiya came to be known most widely by ushering in
Spectral raises $23M to help create web3 credit scores
As more traditional finance products and services find their way into web3, there are some crypto startups emerging with a focus on adding decentralization to old-school practices. Spectral, a credit
More funding flows into Pipe, as buzzy fintech raises $250M at a $2B valuation
At the end of March, TechCrunch reported that buzzy startup Pipe — which aims to be the “Nasdaq for revenue” — had raised $150 million in a round of funding that values the fin
Pipe, which aims to be the ‘Nasdaq for revenue,’ raises more money at a $2B valuation
Fast-growing fintech Pipe has raised another round of funding at a $2 billion valuation, just weeks after raising $50 million in growth funding, according to sources familiar with the deal. Although t
Virgin Galactic Chairman Chamath Palihapitiya sells off remaining personal stake in the space company
The man who arguably ushered in the current SPAC rush with the merger of Virgin Galactic with his Social Capital Hedosophia holding company has divested the remainder of his personal holdings in the s
Pay-per-mile auto insurer Metromile is heading to public markets via SPAC
Metromile, the pay-per-mile auto insurer that earlier this year laid off a third of its staff due to economic uncertainties caused by COVID-19, is taking the SPAC path to the public markets. The compa
Investors including Microsoft’s climate fund back hyperlocal environmental monitoring tech developer Aclima
Mitigating the effects of climate change and pollution is a global problem, but it’s one that requires local solutions. While that seems like common sense, most communities around the world don&
Juggle secures $2.1M to expand its ‘flexible work’ SaaS marketplace for senior execs
As we’ve seen, some startups are pivoting to re-model themselves for the radically different world of the COVID-19 pandemic. But others literally turned out to have a business model which, although
Opendoor to go public by way of Chamath Palihapitiya SPAC
Today, Social Capital Hedosophia II, the blank-check company associated with investor Chamath Palihapitiya, announced that it will merge with Opendoor, taking the private real estate startup public in
Report: One of Social Capital’s newest blank-check companies is looking to reverse merge with Opendoor
Some people may have slowed down in 2020, amid a pandemic that has shut down much of the world. Not Chamath Palihapitiya. According to a new report in Bloomberg, Opendoor, the San Francisco-based comp
Startups Weekly: Will future unicorns go public sooner?
Editor’s note: Get this free weekly recap of TechCrunch news that any startup can use by email every Saturday morning (7am PT). Subscribe here. The public markets are staying receptive to tech IPO
Chamath Palihapitiya’s next big Hustle
Chamath Palihapitiya, the founder of Social Capital, does not do minority investing anymore. If he finds a startup he likes, he just buys it outright. The billionaire co-founded Social Capital in 2011
Symantec’s Sheila Jordan named to Slack’s board of directors
Newly-public Slack taps cybersecurity expertise for growing board.
Holloway launches in-depth startup guides, aims to rewrite publishing with $4.6M from NYT, tech VCs
Founders need to get smart quickly about the many nuanced aspects of building a company, from understanding weird language in a big term sheet to hiring a key software developer. But the best practica
Slack’s value rockets as stock closes up 48.5% in public debut
It was a historic day for Slack (NYSE: WORK). The workplace communication software juggernaut debuted on the New York Stock Exchange up 48% at $38.50 per share after reports emerged Wednesday night th
People familiar with Slack’s upcoming public offering share what to expect
Slack, the popular workplace messaging company, is expected to list on the New York Stock Exchange on Thursday in the second major direct listing in the U.S. after Spotify introduced the concept to in
Relativity is building a 3D-printing rocket manufacturing hub in Mississippi
The future of rocket manufacturing has touched down in Mississippi. At NASA’s John C. Stennis Space Center, nestled in Hancock County, Miss., right on the border of Louisiana, the Los Angeles-ba
Social Capital reincarnated
Social Capital tried to disrupt VC and fell apart. Tribe Capital is picking up the pieces.
The curious case of Slack’s missing $162 million
Slack has filed its S-1 registration statement with the SEC in preparation for its direct listing. One interesting data set that usually comes out of these S-1s is the company’s actual fundraising h
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.