SoftBank is investing $1.3 billion in mortgage startup Better, which is merging with a special-purpose acquisition company run by Iceland’s first billionaire. The investment, part of a larger private equity in public equity that accompanies the SPAC deal, would value New York-based Better at $7.8 billion. Better, which mostly sells mortgages and other home equity products, has benefitted from...
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The La La Land Life of Venture Capitalist Brianne Kimmel
Hi, welcome to your Weekend! It’s peak out-of-office message season in Silicon Valley, and not just because of the Fourth of July weekend. Tech layoffs are popping off everywhere. Venture dealflow has slowed to a crawl. The economic headwinds are fierce and giving certain people super bad feelings. Plus, after two-plus years of pandemic-driven insanity, the people of tech may...
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