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Creator Economy Startups
Real Estate Agents Turn TikTokers; Picsart Layoffs; Twitter’s Exodus
By Mahira Dayal · May 17, 2022 2:59 PM PDT
Art: Mike Sullivan
TikTok is changing the housing market. The #nycapartments hashtag on the ByteDance-owned app has more than 100 million views; #apartmenttour has 1.3 billion. With that kind of visibility, real estate firms and agents are increasingly setting up TikTok accounts, often as a way to reach Gen Z and millennial buyers, who together make up 39% of home buyers, according to a 2021 report from the...
Latest Briefs
 
Netflix Lays Off 150 People
By Jessica Toonkel · May 17, 2022
Square to Offer Afterpay’s BNPL at Brick-and-Mortar Stores
By Malique Morris · May 17, 2022
Coinbase Is Dialing Back Aggressive Hiring Plans Amid Crypto Downturn
By Aidan Ryan · May 17, 2022
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IRL CEO and Co-founder Abraham Shafi. Art by Mike Sullivan
Exclusive Startups
SoftBank-Backed Messaging App IRL Says It Has 20 Million Users. Some Employees Have Doubts About That
By Mark Matousek and Amir Efrati
IRL, a four year old social app, appears to be a fast-growing alternative to Facebook and messaging app Discord.
Photo by Bloomberg. Art by Clark Miller.
The 1:1
‘I Don’t Know How Steve Jobs Would Survive Today in This Environment’: Tony Fadell Has Opinions to Share and Scores to Settle
By Adam Lashinsky
Within Silicon Valley power circles, being “on the beach” is a euphemism that covers a continuum of unemployment, from “retired rich” to “brief pause between high-powered jobs.” Tony Fadell has been metaphorically on the beach for six years, ever since leaving Google, which paid $3.2 billion for Nest Labs, the maker of smart thermostats he co-founded, in 2016.
Elizabeth Spaulding, CEO of Stitch Fix. Photo by Bloomberg.
Exclusive E-commerce
How Stitch Fix Fumbled a Make-or-Break Pivot
By Malique Morris
Stitch Fix planned to revive sales growth by turning its original strategy on its head. Inside the company, there were warning signs that the effort would struggle.
Traders on the floor of the New York Stock Exchange. Photo by Bloomberg.
These Enterprise Software Firms Are Top Targets for Private Equity Takeovers
By Aaron Holmes
Big deals are on the way. The sharp drop in tech stocks over the past six months, making companies cheaper to buy, is likely to trigger an increase in merger activity, bankers say.
Chainalysis CEO Michael Gronager on Feb. 24, 2022. Photo: Bloomberg
Exclusive Crypto Venture Capital
Chainalysis Valued at $8.6 Billion in GIC-Led Investment
By Kate Clark
Chainalysis, a startup that sells services to detect and track crypto fraud, has raised a new round at an $8.6 billion valuation, including the investment, according to a person with direct knowledge of the matter.
Venture Capital Startups
Women-Led Venture Funds Have Already Raised More Money Than Last Year
By Mahira Dayal
For years, women-led venture capital funds were the true Silicon Valley unicorns, a rarity in a sector where the vast majority of check writers are men.