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From left to right: Blair Effron, Robert Pruzan and David Handler. Photos by Getty; Tidal Partners.

Disputes, Employee Misconduct Rattle Centerview’s Silicon Valley Dreams

By Michael Roddan · Sept. 26, 2023 6:00 AM PDT

The San Francisco Bay Area–based bankers at Centerview Partners, the investment bank that advised Silicon Valley Bank’s owner and Credit Suisse through recent turmoil, got two doses of bad news last week. First, they learned officially what many already suspected: The firm had fired a male banker in its San Francisco office after he... The San Francisco Bay Area–based bankers at Centerview Partners, the investment bank that...

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markets startups

The New VC Mantra: It's ‘Time to IPO’

By Kate Clark · Sept. 21, 2023 12:57 PM PDT

“It’s time to build” became the rallying cry of venture capitalists after Marc Andreessen published his blog post in 2020, as the economy was reeling from the pandemic’s outbreak. More than three years later, a new one has entered the mix: It’s “time to IPO,” wrote Brad Gerstner, founder and CEO of investment firm Altimeter Capital, in a post on... “It’s time to build” became the rallying cry of venture capitalists after Marc Andreessen...

An Albertsons grocery store in L.A. Photo by Getty.

startups Finance

Instacart’s Secret Deals With Grocery Giants

By Cory Weinberg · Sept. 18, 2023 7:00 AM PDT · 8 comments

When Instacart goes public on Tuesday, at least one shareholder likely to make money is its own customer: grocery giant Albertsons, one of several retailers that quietly struck stock deals with Instacart years ago that remained a closely held secret inside the delivery company, people familiar with the matter said. The grocery company’s... When Instacart goes public on Tuesday, at least one shareholder likely to make money is its own...

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Goldman Sachs CEO David Solomon, left, and Apple CEO Tim Cook. Photos by Getty.

How the Partnership Between Apple and Goldman Sachs Soured

By Lauren Tara LaCapra and Wayne Ma · July 25, 2023 11:54 AM PDT · 5 comments

Apple and Goldman Sachs were in test runs before embarking publicly on one of the biggest-name partnerships ever between tech and finance. Engineers from the Silicon Valley giant and the Wall Street titan were pulling an all-nighter a few months before launch, scrambling to find a solution to a problem that had cropped up: Tim Cook... Apple and Goldman Sachs were in test runs before embarking publicly on one of the biggest-name...

Stripe president and co-founder John Collison, as imagined in front of his Abbey Leix estate in the Irish midlands. Photo-illustration by Clark Miller

startups Finance

John Collison’s Land Grab: A Stripe Co-Founder Grows in Power

By Cory Weinberg · July 21, 2023 9:00 AM PDT · 11 comments

Visitors to the Abbey Leix estate in County Laois, Ireland, must drive on an unkempt gravel road that leads through a thick forest and past a derelict corn mill to get to the giant old house in the country’s midlands. Stephen Kinsella, an Irish economist, made the journey last May at the invitation of a friend who had recently purchased... Visitors to the Abbey Leix estate in County Laois, Ireland, must drive on an unkempt gravel road...

Julie Wainwright, former CEO of The RealReal. Photo by Bloomberg, Art by Clark Miller

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Inside The RealReal, Cost-Cutting Was a Tough Sell Even as Losses Mounted

By Malique Morris · July 27, 2022 6:00 AM PDT · 4 comments

Top executives at The RealReal have been promising a path to profitability to investors and analysts since the company went public in 2019. But the online consignment store for used luxury goods—from rare $57,000 Hermès crocodile handbags to $40 T-shirts—has been losing more and more money, in part because of its... Top executives at The RealReal have been promising a path to profitability to investors and...

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