Lachy Groom, a former Stripe product manager, has finished raising his third, $250 million venture fund, according to a June securities filing and a person with direct knowledge of the matter. The new fund, called LGF3, follows Groom’s second, $110 million fund, launched last year, and will similarly focus on investing in seed and Series A deals. The new fund, one of the largest raised by a...
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Streaming Services Should Beware Becoming Like Cable Companies
About a month ago, I finally reached my breaking point with YouTube TV, the streaming service I had subscribed to years earlier as a replacement for cable TV. I didn’t think twice about paying $40 a month for it in 2018, but after years of price increases—YouTube TV now costs $73 a month—I realized my family wasn’t watching it nearly enough to justify the money. So I ditched it. More...
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