Sara Adler, who led Airbnb’s corporate development arm under former CFO Laurence Tosi, quietly left the company last month to help run a new venture capital firm called Wave Capital with another former Airbnb employee, Riley Newman, Bloomberg reports. One of the firm’s first startup was founded by another recently departed Airbnb employee, Dan Hill. As we’ve written, Airbnb has seen high...
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More Long-Time Employees Leave Airbnb. Can They Create Their Own Startup ‘Mafia’?
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Watching for Peak SPAC: The Information’s Tech Briefing

Have we hit peak SPAC yet? You could have asked that question any day over the past few weeks, or months. But lately things truly seem to be hitting a new level. Four new SPAC mergers were unveiled today alone, according to SPACInsider. Adult entertainment service Stripchat said it was planning a SPAC. We reported that a Chinese private equity firm was planning a SPAC. Underlying the SPAC...
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