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Five years ago, the cryptocurrency startup Blockchain was seen as a rising star within the burgeoning field. Equipped with a conspicuous name and a practical-sounding plan to help consumers store crypto assets, it attracted $70 million in venture capital over several years from prominent funders.
But behind the scenes, the London-based startup has been struggling. Lacking a steady business ...
Rubrik, a startup backed by Silicon Valley luminaries that makes software for managing and recovering data, has had an approach from at least one large technology company about selling itself, according to one person with direct knowledge of the matter.
The two companies held preliminary discussions that were underway sometime around January, said one of the people. On Tuesday, Rubrik CEO ...
Han Jin was in a panic. It was 2017 and the 29-year-old tech entrepreneur was saying goodbye to the final months of his third decade—and with them his dream of ever being selected for the Forbes 30 Under 30 list.
In the days before online nominations for the list closed, Jin and the co-founders of his company—a virtual reality camera maker called Lucid—quizzed past ...
As WeWork investors jousted over Adam Neumann’s future at the company he built, a parallel debate by WeWork executives and bankers has centered on just how deeply WeWork should cut costs to save its business.
In recent days, a group of executives from WeWork’s parent company and bankers have been discussing ways to reduce costs, including laying off as many as 5,000 ...
Uber co-founder Travis Kalanick’s newest startup is known as CloudKitchens. But a better name might be WeWork for Food.
Operating through a small startup he bought last year, and supported by hundreds of millions of dollars in loan facilities arranged with Goldman Sachs and other banks, Kalanick in the past 18 months has snapped up or leased properties in cities around the U.S. and ...
Stripe, one of the most successful companies to grow up in San Francisco in the past decade, is planning to leave tech’s epicenter.
Executives at the payments firm have told employees and others close to the company that it likely will jettison its San Francisco headquarters for an office just south of the city, in South San Francisco.
For the last two years, Chinese venture capitalist Geng Yixuan traveled to India every month or two to meet local startups. Geng’s firm, Shunwei Capital, is backed by Lei Jun, the founder of Xiaomi, the most popular smartphone brand in India, which gave Geng a solid entree to Indian entrepreneurs. This year, Shunwei recruited its first Indian employee and set up an office in Bengaluru.
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