Kapor Capital, an Oakland-based venture capital fund focused on investments in early-stage startups creating positive change for low income and underrepresented communities of color, has raised $126 million for its third fund. The new fund, its largest to date, is backed by limited partners including Cambridge Associates, Align Impact, Ford Foundation, Bank of America, PayPal and Twilio. ...
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The Metaverse Money Pit: How Meta’s $70 Billion Bet Compares to Tech’s Biggest Gambles
Is Meta Platforms’ $70 billion bet on the metaverse shaping up as the biggest money pit ever in tech? Perhaps. There are few precedents—if any—for a company spending as heavily as Facebook’s owner is to develop a new tech platform, an immersive world Meta CEO Mark Zuckerberg envisages as “the next chapter” of the internet. And by Zuckerberg’s own...
TikTok Owner ByteDance Expands Number of Maximum Board Seats
Apple Cuts iPhone 14 Orders For Rest of the Year
Lyft Freezes All U.S. Hiring Until End of Year
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