Former Zenefits CEO Parker Conrad has successfully closed a $45 million funding round for his new human resources startup Rippling led by Kleiner Perkins partner Mamoon Hamid. According to TechCrunch, the two-year-old company is valued at $270 million by investors including Kleiner Perkins, Initialized Capital, and Threshold Ventures. The news confirms what The Information reported last month,...
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The Weekend Crypto Startups
Truth or Consequences: Would You Take an AI-Powered Polygraph Test to Prove You Hadn't Cheated on a Spouse?
Hi, welcome to your Weekend! Even before the Supreme Court’s earth-shaking rulings this week that struck down states’ gun restrictions and ended women's right to an abortion, Americans were losing faith in the highest court in the land. On Thursday, Gallup reported that trust in the Supreme Court has never been lower, with only 25% of Americans responding that they had a great deal of...
Congressional Report Says Robinhood Understated Liquidity Problems During Meme Stock Craze
Zendesk Agrees to $10.2 billion Buyout Months After Rejecting Higher Bid
Meta Plans To Shut Down CrowdTangle Tool
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What Venture Investors Get Wrong About China
For two decades, investors in China’s venture capital firms have looked for partners with an instinct for the “new economy.” And for two decades, the firms have posted high-flying returns primarily driven by winners in this fiercely competitive arena—including upstarts in budget appliances (Xiaomi), social media (ByteDance), ride hailing (Didi) and food delivery (Meituan)—that seemed to validate that approach.