The auction process for Grubhub, the U.S. online food ordering pioneer, may soon get more crowded. Two Europe-based food ordering and delivery firms, Just Eat Takeaway and Delivery Hero, have officially and separately signaled to Grubhub that they would each like to discuss a merger with the U.S. company. Uber had been in deep negotiations to buy Grubhub for several weeks but so far the companies...
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Sequoia Capital’s U.S. Partners May Reap China Gains Even After Split
Sequoia Capital on Tuesday told investors that by the first quarter of next year it would fully separate its U.S. and China venture capital operations, ending an 18-year run during which Sequoia Capital China became China’s most successful VC firm and drove outsize returns for Sequoia’s global investors. But the separation, anticipated for years and related to a growing geopolitical...
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Adam D’Angelo’s Endless Quest to Answer Everything
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.