Knotel, a New York-based real estate startup, laid off or furloughed about 200 people on Friday, the Commercial Observer reported. CEO Amol Sarva told employees on a video conference Friday it was cutting deep under the assumption the office leasing startup would have little revenue until August or September, a person familiar with the matter said. The cuts hit about half of Knotel’s staff. The...
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Alexis Ohanian Venture Fund Plots $776 Million in New Funds

Seven Seven Six, the venture capital fund launched by Reddit co-founder Alexis Ohanian in 2020, plans to raise $776 million for two new funds, according to investment documents viewed by The Information. The planned fundraising is more than 50% bigger than what it raised last year and will test investor appetite for bigger funds during a tough environment. The Palm Beach, Fla.-based firm had an...
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