Kate Clark
Kate Clark
Writing about venture capital & startups @theinformation | Tips to kate@theinformation.com | Signal & Telegram: 415-409-9095Source
San Francisco, CA
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Village Global’s accelerator introduces founders to Bill Gates, Reid Hoffman, Eric Schmidt and more

Village Global’s accelerator introduces founders to Bill Gates, Reid Hoffman, Eric Schmidt and more

Village Global is leveraging its network of tech luminaries to support the next generation of entrepreneurs. The $100 million early-stage venture capital firm, which counts as limited partners (LPs) Microsoft’s Bill Gates, Facebook’s Mark Zuckerberg, Alphabet’s Eric Schmidt, Amazon’s Jeff Bezos, LinkedIn’s Reid Hoffman and many other high-profile techies, quietly announced on Friday that the accelerator it piloted earlier this year would become a permanent fixture. Called Network Catalyst, Village provides formation-stage startups with $150,000 and three-months of programming in exchange...

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Kate Clark
Nov 2
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News discovery app SmartNews valued at $1.1B

News discovery app SmartNews valued at $1.1B

A $28 million financing has made SmartNews, an AI-powered news aggregation app, a unicorn. Japan Post Capital led the Series E round, which brings the company’s total investment to $116 million and pushes its valuation to $1.1 billion. Existing investors in SmartNews include Development Bank of Japan, SMBC Venture Capital and Japan Co-Invest LP. The company, founded in Tokyo in 2012, boasts 20 million monthly active users in the U.S. and Japan. Growing at a rate of 500% per year, its audience checks into the app for a mix of political, sports, global and entertainment news curated for...

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

Report: SoftBank is taking control of WeWork at an ~$8B 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 in exchange for new and existing shares, according to CNBC . The deal, expected to be announced as soon as tomorrow, represents a lifeline for WeWork, which is said to be mere weeks from running out of cash and has been shopping several of its assets as it attempts to lessen its cash burn. WeWork declined to comment. To be clear, it is...

techcrunch.com
Kate Clark
Oct 21
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