Alex Wilhelm
It’s painful to watch SPAC deals collapse post-combination. You can viscerally feel dreams melting away to disappointment as founders, employees and investors still holding shares in the newly public entities watch their wealth dwindle.
The mess is not sector-specific. Media? Not a good SPAC target. Insurtech? Nope. 3D printing?...
TechCrunch noted a week ago that private markets appeared strongly bullish on future startup value creation, while public markets were drifting lower, repricing possible exit values for today’s upstart companies. The was, it seemed, a rising gap between the level of bullishness in the private and public markets.
That...
Startup accelerator Y Combinator announced this morning that it has updated its terms, providing participating companies with more total cash. The group will now invest $500,000 in batch startups.
The money comes in two different forms. The first is the well-known Y Combinator equity deal, worth $125,000 for 7%...
The value of bitcoin fell under the $40,000 mark in early morning trading today.
The popular cryptocurrency sold off sharply this morning, while rival tokens like ether also lost value. Currently worth $39,831 per coin, bitcoin is off 4.3% and ether 5.1%, according to Coinbase data.
While it is always...
This morning private-market powerhouse Andreessen Horowitz announced that it has closed $9 billion in new capital for its venture capital, growth-stage and biotech-focused vehicles.
The firm, better known by the moniker a16z, also raised a $2.2 billion crypto-focused fund last year.
These fundraises by the firm highlight the rising size...
The relationship between economic news and the value of technology stocks has been a fun puzzle in recent months.
You might think that strong jobs reports, for example, would lead to general economic optimism and, therefore, upward movements for technology stocks. And you might also expect that poor economic...
Major cryptocurrencies are currently enduring price declines from already depressed levels. It’s a selloff, though likely not one large enough to shake the confidence of the crypto faithful. Still, the impact of falling crypto prices on assets priced in crypto should prove interesting.
The NFT market, largely built on...
Some of the most high-flying stocks of the pandemic are struggling in the new year and it’s bad news for tech companies of all sizes.
TechCrunch noted yesterday that software stocks were having a pretty poor start to the year. That was, it turned out, only the beginning of...
OpenSea, the well-known NFT marketplace, has raised a $300 million round at a $13.3 billion valuation. Newcomer broke the news yesterday before the company confirmed the transaction.
For critics of the present-day cryptoeconomy and NFT market, the round was perhaps more evidence of how overheated things have become. After...
What could go wrong?
Kicking off 2022 may feel like we’re stuck the third round of 2020, but things have actually changed quite a lot in Technology Land, even if the pandemic is still with us.
Crypto has become far more established in the intervening period, for example, with more...
