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How SoftBank’s Vision Fund turned losses into gold this summer

How SoftBank’s Vision Fund turned losses into gold this summer It’s hard to think back to the Vision Fund era today, given the oddities that 2020 has brought. But SoftBank’s gravity-bending investment vehicle only stopped investing last September, ending its disbursement of huge blocks of cash from a total committed capital pool […]

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WeWork employees used an alarmingly insecure printer password

WeWork employees used an alarmingly insecure printer password A shared user account used by WeWork employees to access printer settings and customer print jobs had an incredibly simple password — so simple that a customer guessed it. Jake Elsley, who works at a WeWork in London, said he found the user account […]

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Startup founders set up hacker homes to recreate Silicon Valley synergy

Startup founders set up hacker homes to recreate Silicon Valley synergy In Y Combinator’s early days, founders would move to Palo Alto, split a two-bedroom with five others to save money and trade notes around the clock with their new, like-minded roommates. Now, as remote work continues and the pandemic persists, scores […]

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Kroger, one of America’s largest grocery chains, experiments with ghost kitchens and delivery in the Midwest

Kroger, one of America’s largest grocery chains, experiments with ghost kitchens and delivery in the Midwest The Kroger Co., one of the biggest grocery chains in the Midwest is dipping its toe into on-demand delivery and the ghost kitchen craze through a partnership with an Indianapolis-based startup, ClusterTruck. Supermarkets would seem to […]

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WeWork sells majority stake in Chinese entity, seeks localization

WeWork sells majority stake in Chinese entity, seeks localization Four years after its foray into the Chinese market followed by rapid and cash-hemorrhaging expansion, WeWork decided to wind down its involvement in the country. WeWork’s Chinese unit has secured a $200 million investment led by Shanghai-based equity firm Trustbridge Partners, which first […]

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Benchmark’s Peter Fenton: ’10 to 20 years of innovation just got pulled forward’

Benchmark’s Peter Fenton: ’10 to 20 years of innovation just got pulled forward’ Earlier today at TechCrunch Disrupt, venture capitalist Peter Fenton joined us to talk about a variety of issues. Among them, we discussed how he’s putting his stamp on Benchmark now that, 15 years after joining the storied firm, he’s […]

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Everybody is racing to an IPO — even Laird Hamilton’s young “superfood” company

Everybody is racing to an IPO — even Laird Hamilton’s young “superfood” company This one is unusual: Laird Superfood, a five-year-old, 100-person, Sisters, Ore.-based startup that was cofounded by famed surfer Laird Hamilton and which makes plant-based packaged beverage products, filed today to raise up to $40 million in an IPO. We’d […]

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Rakuten will not renew its contract with WeWork, says report

Rakuten will not renew its contract with WeWork, says report Japanese e-commerce giant Rakuten has decided not to renew its contract with WeWork when it expires next month, according to a report in the Japan Times. Rakuten had leased about 700 desks in Tokyo, but is now planning to move employees from […]

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Adam Neumann is back in the shared economy business with an investment in GoTo Global

Adam Neumann is back in the shared economy business with an investment in GoTo Global Adam Neumann, the controversial co-founder and former CEO of WeWork, has taken a 33% equity stake in GoTo Global, a shared mobility company that operates in Israel and Malta and aims to expand into Europe later this […]

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ClassPass co-founder Sanjiv Sanghavi joins Arcadia, bringing consumer marketing savvy to clean energy

ClassPass co-founder Sanjiv Sanghavi joins Arcadia, bringing consumer marketing savvy to clean energy “Helping navigate the elusiveness of product market fit” is how Sanjiv Sanghavi, the co-founder of ClassPass and itinerant startup executive describes his roles at different companies.  From ClassPass through Knotel, Sanghavi has shepherded several businesses to growth and over […]

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