U.S. venture capital investments reached $330 billion last year, almost doubling the previous record of $167 billion set in 2020, according to data firm PitchBook. The increase was driven by record low interest rates, which drove investors looking for yield into the private markets, and a surge in software demand from all sorts of businesses thanks to the pandemic. Cash-rich nontraditional...
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Pinterest’s Tardy CEO Shakeup
What timing! No one could say they were surprised that Ben Silbermann is stepping down as CEO of Pinterest—that’s something we’ve expected for a while. After all, while he and his co-founder, Evan Sharp, built the business into a public company worth $13 billion—even after the stock plunge of recent months—Silbermann lately has been grappling with falling user numbers in the U.S. No, what is...
Email App Front Doubles Valuation to $1.7 Billion
Disney’s Board Renews Chapek’s Contract for Three Years
Pinterest’s Silbermann Steps Down
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