Alex Wilhelm
Late-stage rounds seem to be hitting the gym this year.
A new report from Carta — a dataset that TechCrunch got a preview of earlier in August — indicates that late-stage rounds are seeing their heft rapidly shrink as 2022 continues.
The cap table management company sits atop a regular...
Over the weekend, CNBC reported a set of revenue and profit figures from FTX, a global cryptocurrency exchange that raised a mountain of capital in the last year and is currently expanding its product remit. Its founder, Sam Bankman-Fried, has been a key player in the crypto market...
With July now behind us, we have a full month of trading data from the NFT market to digest. The numbers are mixed. While there are some positive signals from the non-fungible token market that matter, others are decidedly negative. Trading continues, but at what appears to be...
A compromise in Congress is forming among Democrats to tinker with the tax code, generate revenue by other means and apply those revenues to climate-change-related investments and deficit reduction. The Inflation Reduction Act of 2022, if it passes, would institute a minimum tax rate for large companies and...
The worth of startup shares is changing. The latest PitchBook data concerning the United States, for example, shows that the value of the median seed deal in 2022 through the second quarter was $12.0 million — up from $9.0 million in 2021. At the same time, median valuations...
The fintech funding boom of the past several years saw huge amounts of capital flowing into so-called neobanks, digital financial companies offering banking services to markets general and niche.
The overarching idea behind the push made sense — many traditional banks are IRL-first and digital second, and their brick-and-mortar way...
Once seemingly unstoppable, big tech is now in reset mode.
We’re not talking about Snap’s earnings sending its stock plunging, or Twitter’s lackluster earnings report from earlier this morning. No, we’re talking about big tech. The world’s largest tech companies are pulling back in a way that could, perhaps, clear...
An investor in Instacart, Capital Group, has repriced its shares in the company, lowering its estimation of the value of the online grocery delivery service. The news follows other, similar repricings by companies like Fidelity, which also own a stake in the decacorn.
It’s really not surprising that one...
You might think given the chatter in the startup world that venture capitalists are short on funds — after all, we’re hearing about young tech companies finding themselves marooned between stages, hitting up investors with smaller capital pools than prior backers and turning to equity crowdfunding to keep their...
Klarna’s announcement that its long-expected funding round has come to a close brought with it one of the steepest valuation resets in memory, at least as far as operating businesses are concerned. Now worth $6.7 billion after raising $800 million, the European BNPL provider is worth a fraction...
