Alex Wilhelm

If at first you don’t succeed, wait and try again. That seems to be the mantra at Circle, best known as the issuer of the “USDC” stablecoin. After calling off its SPAC combination in late 2022, the well-known crypto company is now seemingly considering going public in 2024, Bloomberg...

WeWork’s bankruptcy filing has arrived. The well-known flexible office-space company has filed for Chapter 11 bankruptcy protection in the United States and Canada, seeking to convert certain debts to equity investments, and “further rationalize its commercial office lease portfolio.” The Exchange explores startups, markets and money. Read it every...

Klarna’s Q3 2023 results are the latest in a growing list of evidence that the Swedish fintech giant is evolving from a loss-making unicorn to a durable company ready for the public markets. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get The Exchange...

Ten years ago today, Cowboy Ventures’ Aileen Lee penned a column for TechCrunch that brought the term “unicorn” into the world. Defined at the time as “U.S.-based software companies started since 2003 and valued at over $1 billion by public or private market investors,” the term has since expanded...

The good news for startups is that growth premiums are coming back How are software companies performing today? It’s going to be a busy earnings week, so we’ll have a lot of Q3 data to pore over to answer this question very soon, but it appears public-market investors have...

Why are seed deals still so expensive? The global venture capital market has contracted steadily over the past year, but seed valuations have not, avoiding the massive cuts to round size and median valuations that later startup investment stages have suffered. And according to Accel’s Philippe Botteri, it appears...

The breadth of demand is good news for startups everywhere Generative AI technologies are being suffused into a host of software applications aimed at businesses and consumers alike, and the financial results of all that investment are starting to show up. A close-reading of Alphabet and Microsoft’s third-quarter results shows...

Earnings season is officially here, folks! Microsoft and Alphabet will report their third-quarter financial results after the bell today, and Meta and Amazon will report later this week. And we can’t wait to find out if these companies will report a material improvement from their investments in AI-related computing...

The third quarter is behind us, but the scores are still being totted up. This week will bring a deluge of numbers from major tech companies, helping us better understand the state of the market, for example. Another lens into the third quarter that has yet to gel...

The interesting impact of interest rates on automotive gross margins Shares of Tesla are off this morning in the wake of the company’s Q3 2023 earnings report. TechCrunch covered the company’s aggregate results here. While Tesla’s results missed street estimates in both revenue and profit terms, there was much to...