Alex Wilhelm
Turo, a startup that allows consumers to rent their cars to one another, filed an update to its IPO paperwork Friday, detailing its full 2022 financial performance.
The upshot? Turo has continued to grind away and even make revenue gains as it awaits for better IPO conditions.
While the IPO...
American crypto giant Coinbase received a Wells notice today from the Securities and Exchange Commission. In the wake of Coinbase’s filing regarding the Wells notice, shares of the company are off sharply in after-hours trading.
Per a Coinbase SEC filing regarding the matter, the company writes that the government agency’s...
The back half of 2023 is expected to unlock the technology IPO market. Whether the public-offering window opens later this year or early in 2024, TechCrunch+ expects to see a few familiar names in the mix from the HR tech space.
And perhaps some less familiar names.
Regular TechCrunch readers...
For many tech companies, investors are applying a new valuation method that has caught our eye: AI proficiency.
The current wave of AI hype has two main flavors that I’m interested in. First, the struggle between tech titans to create, or at least invest in and support, the latest...
But there are reasons to be optimistic we'll get a good crop of public offerings
The IPO market thus far in 2023 has been a goose egg, and we probably won’t get any interesting IPOs for another quarter or two. This is incredibly sad for your friendly, local TechCrunch+...
Good morning, Exchange crew! This installment will be brief because I have to finish prepping for today’s TechCrunch Live with Arianna Huffington of Thrive Global and Mamoon Hamid of Kleiner Perkins. Since we scheduled the conversation, a few things have happened, so I need to retool my notes...
The public and private markets are busy digesting a frenetic weekend kicked off by the failure of Silicon Valley Bank late last week.
After a run on SVB, an institution where a great many venture capitalists and startups stored their cash, the bank was taken over by the U.S....
Yesterday morning, we had an inkling that the market was concerned about Silicon Valley Bank when its stock started dipping right after market open in reaction to the financial institution announcing late on Wednesday a share sale, an asset sale and an increase in its term borrowing.
This column,...
TechCrunch is currently busy reporting the hell out of the SVB crisis, but as we sort out the competitive landscape and learn more about how founders and their VC partners are reacting, I have a question: How are startups going to pay for stuff while the mess is...
It’s not every day that banking news is the big story in the startup world, but here we are. Yesterday the previously crypto-friendly Silvergate Bank announced that it would “wind down operations and voluntarily liquidate” itself.
The company’s stock had been under massive pressure in recent months, exacerbated by...
