uber Uber Stock Plunges 18.8% Below IPO Price in Rough Second Trading Day Uber closes its second day of public trading at $37.25, a significant drop from its $45 IPO price. CEO Dara Khosrowshahi urges employees to focus on the long-term despite the ongoing market struggles.
cannabis Venture Capitalists Pour Billions Into Booming Cannabis Tech Startups Venture capitalists invest heavily in cannabis-focused startups, putting $1.2 billion into the sector in the first half of 2019 alone. As state legalization expands and morality clauses fade, early investors position themselves for a projected $80 billion market.
seattle Seattle Tech Ecosystem Shows Growth Despite Lingering Challenges Seattle's startup scene experiences a surge in activity with new funding rounds, yet it still struggles to match the entrepreneurial culture and capital access of Silicon Valley.
facebook Facebook Shifts Focus From News Feed to Privacy and New Features at F8 Facebook uses its F8 conference to outline a future beyond the news feed, focusing instead on privacy, Groups, and new consumer products. TechCrunch analysts break down how this pivot creates new opportunities for startups and investors.
artificial intelligence Founders Discuss the Challenges of Building Startups That Power Artificial Intelligence Leaders from DefinedCrowd, Xnor.ai, and Mighty AI share insights on the difficulties of creating AI infrastructure while running a profitable business. The panel highlights how these companies successfully empower other developers with essential AI tools.
anthony levandowski Anthony Levandowski Discusses Autonomous Driving Future in New Pronto.AI Interview Former Google engineer Anthony Levandowski sits down with TechCrunch to discuss autonomous vehicles and his latest venture, Pronto.ai. The interview explores his return to the startup world following his central role in the high-profile Uber and Waymo legal dispute.
hiring The Fundamental Flaws Behind Why Companies Fail at Hiring Hiring remains a broken process because it relies heavily on misplaced optimism and socially accepted exaggeration from both employers and candidates.
fastly Content Delivery Network Fastly Files for IPO Amid Growing Revenue Fastly, a major content delivery network serving clients like The New York Times and Stripe, files for a public offering to raise up to one billion dollars.
klook SoftBank Vision Fund Leads $225M Investment in Travel Platform Klook Hong Kong-based travel activities platform Klook raises $225 million in a Series D plus round led by SoftBank's Vision Fund. The company plans to leverage this new capital and SoftBank's ecosystem to expand its global reach and partner with other major startups.
b capital Eduardo Saverin's B Capital Reaches First Close of $406M for Second Fund Facebook co-founder Eduardo Saverin leads B Capital to a $406 million first close for its second fund, easily surpassing its initial $360 million debut. The venture firm leverages its BCG partnership to invest globally across various industries from its Southeast Asian base.
startups U.S. Startups Raise $30.8 Billion in Record Q1 Funding Surge U.S. startups collect $30.8 billion in Q1 2019, driven heavily by massive late-stage financings. Meanwhile, newly public companies like Lyft face early stock market turbulence.
lyft Lyft Debuts on Nasdaq With Strong Pop Despite Record Losses Lyft makes its public debut on the Nasdaq with a 21 percent pop in its opening price, valuing the ride-hailing company at $24 billion. The highly anticipated IPO sets the stage for upcoming gig economy offerings like Uber.
entrepreneur first Entrepreneur First Showcases 29 New Startups Across Europe Entrepreneur First hosts its eleventh Demo Day in London, featuring 29 newly formed startups from across Europe. The event follows a recent $115 million fundraise to back over 2,200 individuals in the next three years.
biotech Corporate Biotech Investors Double Down on Startup Funding in 2018 Corporate venture investors in the biotech sector participate in rounds valued at $8 billion in 2018, nearly doubling their 2017 totals. Corporate backers also sharply increase the funding amounts for rounds they directly lead.
general catalyst General Catalyst Launches Aggressive Seed Program With $25M Annual Commitment General Catalyst commits to investing at least $25 million annually in seed-stage startups, promising founders quick decisions and ongoing financial support.