Sign up to receive 5 free days of our daily summary for tech news.

A new type of news publication.

Tech news you won't read elsewhere.

“The Information is, for sure, the most thoughtful / smartest tech coverage.”

Sam Altman

President, Y Combinator

“The Information lives up to its name ...”

Marc Andreessen

General Partner, Andreessen Horowitz

Private Tech Database

Honest Company’s Investor ‘Ratchets’

By Alfred Lee · Feb 09, 2016 7:02 AM PST

The Honest Company is reportedly preparing for an initial public offering in the face of a tumultuous public market. But even if the IPO struggles, many of the retailer’s investors would be cushioned against losses. That’s because they have so-called “ratchet” protections that grant them more shares to make up for drops in share price, according to a review of its ...

What Tech Employees Are Last To Know

By Cory Weinberg and Alfred Lee · Dec 17, 2015 7:01 AM PST · 2 comments

News broke this week that Hudson Bay was closing in on a deal to buy Gilt Groupe for $250 million, a 75% drop from the $1 billion value put on the company a few years ago. But for common shareholders, such a deal would turn out to be an even bigger loss than that price implies.

One common stockholder estimated they would receive roughly $2 to $3 a share from the reported deal, ...