Seed-stage companies are struggling to close new financings amid the coronavirus outbreak, according to data firm PitchBook’s new report on venture capital activity. From March to June, there were just 316 first-time financings, down from last year’s quarterly average of 650. Late-stage VC remained strong, however. There were more completed late-stage deals than early-stage deals in Q2,...
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After Vine and Google+ Shut Down, a Creator Embraces Email
Brian Brushwood’s online career illustrates how regularly social apps go up in smoke. The magician, who spent 15 years touring college campuses, started to post video clips of his life on the road online in 2006. He amassed more than one million followers on six-second video app Vine and one million followers on Google+. Then, both shut down. “I am king of the failed platforms,” Brushwood,...
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Adam D’Angelo is basking in an “ endless summer ” of artificial intelligence. A few weeks before he and 350 industry peers released a bizarre, one-line statement warning that AI could herald a nuclear-level extinction event, the 38-year-old co-founder of Quora told me he actually sees more upside in AI than downside.