fintech Pipe Co-Founders Step Down Amid Crypto Lending Rumors Three co-founders of fintech startup Pipe step down unexpectedly, prompting rumors of massive crypto-related loan losses that the company firmly denies.
climate tech Veteran Investor Says Climate Tech Defies Broad Venture Market Downturn Despite a general venture market decline, climate tech investments rise significantly as veteran investor Dan Goldman emphasizes the importance of cash management and lifecycle analysis for startup success.
chatgpt TechCrunch Writer Tests ChatGPT to See If AI Replaces Journalists A TechCrunch journalist tests OpenAI's new ChatGPT conversational tool to determine if the generative AI technology threatens their job, finding it impressive but not yet capable of replacing human analysis.
apple BeReal Takes Top Honors in Apple's 2022 App Store Awards Apple names BeReal its 2022 App of the Year, highlighting the photo-sharing app's massive impact on social media. Meanwhile, African restaurant tech startup Orda raises $3.4 million and Indian fintech CRED acquires CreditVidya.
saas Bootstrapped SaaS Startups Outpace Venture-Backed Rivals in Efficiency A new report from Capchase reveals that bootstrapped SaaS companies currently outperform VC-backed startups across nearly every efficiency metric. These self-funded businesses maintain stronger margins and steady revenue growth despite recent economic headwinds.
crypto Crypto Venture Funding Declines Sharply But FTX Impact Remains Unclear Venture capital funding for blockchain and cryptocurrency startups drops for the third consecutive quarter as the industry navigates a series of high-profile collapses. Despite the downward trend, investors and builders continue to show resilience in the web3 space.
ftx Venture Capital Firms Share Blame for FTX Collapse Due to Lax Oversight Silicon Valley venture capital firms face heavy criticism for pouring $2 billion into FTX without performing basic due diligence. Investors reportedly ignored massive red flags, including messy Excel files and a lack of audited financial statements.
amazon Amazon Begins Handing Out Layoff Notices as Tech Industry Faces Turmoil Amazon starts delivering layoff notices to thousands of employees this week, joining other tech giants in recent cutbacks. Meanwhile, Elon Musk issues a late-night ultimatum to remaining Twitter staff regarding their future at the company.
sequoia capital Sequoia Capital Writes Down $210 Million FTX Stake to Zero Venture capital firm Sequoia Capital marks down its $210 million investment in crypto exchange FTX to zero as a severe liquidity crisis threatens the company. Federal regulators also launch investigations into the sudden implosion of the once $32 billion platform.
sequoia capital Sequoia Capital Writes Off $210 Million FTX Investment Amid Collapse Sequoia Capital officially marks its $210 million FTX investment down to zero and alerts limited partners about the total loss. The firm publicly shares its letter to distance itself from the cryptocurrency exchange's sudden financial calamity.
jasper AI Content Platform Jasper Reaches $1.5 Billion Valuation in Massive First Funding Round Jasper secures $125 million in its debut funding round, achieving a $1.5 billion valuation while planning to acquire the grammar-checking platform Outwrite. The AI content developer's massive capital infusion highlights the rapid growth of generative artificial intelligence startups.
stability ai Stability AI Reaches Unicorn Status With $101M Funding Round Stability AI secures $101 million in new funding, pushing its valuation to $1 billion as demand for AI-generated content surges. The startup plans to use its massive computing power to accelerate open-source AI development despite facing growing controversy.
stability ai AI Startup Stability AI Reaches Unicorn Status With $101M Raise Stability AI secures $101 million in funding, reaching a $1 billion valuation as demand for AI-generated content surges. The company plans to use its massive compute power to accelerate open-source artificial intelligence development.
celonis German Process Mining Firm Celonis Reaches $13B Valuation Amid VC Downturn Celonis defies the current startup funding slump by securing a $1 billion round that pushes its valuation to $13.2 billion. The process mining software company replaces expensive human consultants by automatically identifying inefficiencies in corporate workflows.
climate tech Climate Tech Startups Secure Nearly $4 Billion in Record Q3 Funding Climate tech dominates the top equity deals of Q3, with five startups raising a combined $3.7 billion. This investment surge significantly outpaces previous quarters and highlights the sector's resilience in a cooling broader market.