Recent stories about Startups

People walk past a Silicon Valley Bank sign at the company's headquarters in Santa Clara, Calif., Friday, March 10, 2023.

startups venture capital

Startups Seek to Raise Emergency Cash from VC Firms, Secondary Sales

By Kate Clark and Maria Heeter · March 10, 2023 6:41 PM PST · 1 comment

As the weekend approached, startup founders with money stuck in Silicon Valley Bank raced to sell secondary shares and enter financing deals to meet payroll and other needs, a sign of the desperate dash for funds set off by the abrupt collapse of the tech-centric bank. Many startup founders on Friday signed up for new loans based on the future... As the weekend approached, startup founders with money stuck in Silicon Valley Bank raced to sell...

Photo by Bloomberg.

crypto venture capital

Crypto Startups Scramble to Find Banks After Silvergate Meltdown

By Aidan Ryan, Akash Pasricha and Michael Roddan · March 7, 2023 2:39 PM PST

Crypto companies need banks to operate—but finding one is getting a lot harder. During the crypto boom of recent years, a number of small banks looked past potential risks to embrace the fast-growing crypto industry. Now, following the implosion of FTX, top crypto-friendly bank Silvergate Bank is struggling to stay afloat and Signature... Crypto companies need banks to operate—but finding one is getting a lot harder. During the...

Paradigm Managing Partner Fred Ehrsam. Photo by Getty Images.

What the FTX Crash Means for VCs and Startups

By Aidan Ryan · Nov. 16, 2022 4:42 PM PST · 1 comment

The FTX saga continues to move at a blistering pace, with FTX, FTX US and Alameda Research all filing for Chapter 11 bankruptcy last Friday and Sam Bankman-Fried, its co-founder, resigning as CEO. We're starting to see the contagion of the FTX collapse spread to crypto lending companies including BlockFi and Genesis, both of which have halted... The FTX saga continues to move at a blistering pace, with FTX, FTX US and Alameda Research all...

Instant-Delivery Startups Are Running Out of Options

By Erin Woo and Maria Heeter · Sept. 9, 2022 7:11 AM PDT · 5 comments

startups venture capital

Instant-Delivery Startups Are Running Out of Options

By Erin Woo and Maria Heeter · Sept. 9, 2022 7:11 AM PDT · 5 comments

Instant-delivery startup Gorillas is on the hunt for a deal. It has been exploring everything from a merger with Berlin-based rival Flink to raising money from existing investors, according to four people familiar with the situation. Investors are still proposing various options and no term sheets have been signed, one of the people said. ... Instant-delivery startup Gorillas is on the hunt for a deal. It has been exploring everything...

Atoms co-founder and CEO Waqas Ali. Photo by Nad E Al. Art by Mike Sullivan

‘The Brutal Reality’: Startups Face Great Uncertainty—Again

By Kate Clark · March 18, 2022 6:00 AM PDT · 2 comments

After a two-year tech boom, startups are bracing for a downturn. For Waqas Ali, co-founder and CEO of online shoe seller Atoms, that has meant trimming costs and arranging a last-minute cash infusion. In February, he stopped advertising on Instagram and Facebook, a key way Atoms reaches customers, and reduced spending on Google search ads by 50%... After a two-year tech boom, startups are bracing for a downturn. For Waqas Ali, co-founder and...

Art by Mike Sullivan

markets venture capital

Why Startups Shouldn’t Worry About Inflation

By Tomasz Tunguz · Feb. 9, 2022 9:00 AM PST · 3 comments

Startups have enjoyed a phenomenal decade. The confluence of low interest rates and flat costs enabled a thousand $1 billion flowers to bloom. To start off 2022, inflation has surged to multidecade highs. Meanwhile, the Fed hasn’t minced words in declaring its intent to raise interest rates. The market’s swift response: Valuation... Startups have enjoyed a phenomenal decade. The confluence of low interest rates and flat costs...

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