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Layoffs reach 23andMe after hitting Mozilla and the Vision Fund portfolio

Layoffs reach 23andMe after hitting Mozilla and the Vision Fund portfolio Layoffs in the technology and venture-backed worlds continued today, as 23andMe confirmed to CNBC that it laid off around 100 people, or about 14% of its formerly 700-person staff. The cuts would be notable by themselves, but given how many other […]

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Lucky coffee, unicorn stumbles, and Sam Altman’s YC wager

Lucky coffee, unicorn stumbles, and Sam Altman’s YC wager Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week we had TechCrunch’s Alex Wilhelm and Danny Crichton on hand to dig into the news, with Chris Gates on the dials and more […]

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SoftBank Vision Fund’s Carolina Brochado is coming to Disrupt Berlin

SoftBank Vision Fund’s Carolina Brochado is coming to Disrupt Berlin SoftBank’s Vision Fund has single-handedly changed the game when it comes to tech startup investment. And that’s why I’m excited to announce that SoftBank Vision Fund investment director Carolina Brochado is joining us at TechCrunch Disrupt Berlin. Carolina Brochado isn’t a newcomer […]

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Sam Altman’s bet against Slack

Sam Altman’s bet against Slack Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week Kate and Alex broke the discussion into two main themes. The first dealt with early-stage companies, and the second, as you can imagine, later-stage affairs. Don’t worry, we […]

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Report: SoftBank is taking control of WeWork at an ~$8B valuation

Report: SoftBank is taking control of WeWork at an ~B valuation WeWork, once valued at $47 billion, will be worth as little as $7.5 billion on paper as SoftBank takes control of the struggling co-working business, CNBC reports. SoftBank, a long-time WeWork investor, plans to invest between $4 billion and $5 billion […]

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SoftBank reportedly preps a package to take control of WeWork parent company

SoftBank reportedly preps a package to take control of WeWork parent company SoftBank Group, the multi-billion dollar Japanese technology conglomerate and investment firm, has put together a  bid that would save WeWork parent company We Co., just weeks before the co-working real estate company’s imminent collapse, The Wall Street Journal reports. With […]

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SoftBank reportedly plans to lend employees as much as $20 billion to invest in its VC fund

SoftBank reportedly plans to lend employees as much as billion to invest in its VC fund SoftBank has a plant to loan up to $20 billion to its employees, including CEO Masayoshi Son, for the purposes of having that capital re-invested in SoftBank’s own Vision venture fund, according to a new report […]

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WeWork reveals IPO filing

WeWork reveals IPO filing WeWork, now known as The We Company, released its IPO prospectus Wednesday morning months after filing confidentially to go public. The company indicated plans to raise $1 billion in what is likely a placeholder amount. Backed by billions from SoftBank and its mammoth Vision Fund, the highly-anticipated float […]

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Axios’ Dan Primack on ‘the most polarizing startup that exists’

Axios’ Dan Primack on ‘the most polarizing startup that exists’ Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week was a bit special. Instead of meeting up at the TechCrunch HQ to record the episode, Kate and Alex met up in muggy […]

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Startups Weekly: SoftBank’s second act

Startups Weekly: SoftBank’s second act Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy startups and venture capital news. Before I jump into today’s topic, let’s catch up a bit. Last week, I noted some challenges plaguing mental health tech startups. Before that, I wrote […]

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