The “cheap money ecosystem” that fed the tech start-up culture has come to an end with the Federal Reserve raising interest rates to curb inflation, and the failure of Silicon Valley Bank might be the first domino to fall among California-based financial institutions, Breitbart Economics Editor John Carney said in an interview Friday with Fox Business host Larry Kudlow.
Not long after receiving a $750 million cash infusion, an online startup valued at $7 billion laid off hundreds of workers in a way many described as harsh.
Over 100 tech startups valued at $1 billion with private funding, known as “unicorns,” could reportedly go public this year.
A startup claims that they can upload customer’s brains to the cloud in a process that is “100% fatal.”
Experts from across the technology industry appeared alongside growing startup companies at the Dublin Tech Summit in Ireland Thursday to discuss the future of the industry. Held at Dublin’s Convention Centre, the Dublin Tech Summit features speakers from across the
Gay dating app Grindr has long been viewed as one of the great “bootstrapping” success stories of the tech world, self-funded from inception through years of dramatic growth. It was therefore surprising to see the company sell off 60 percent of its shares to a huge corporate investor for a cool $93 million.
Speaker of the House Paul Ryan is coming under withering criticism from conservatives for passing a massive new budget that funds the government through next September–and avoids a government “shutdown.”
In the last six months, an exclusive startup accelerator called The Junction, created by Israeli VC Genesis Partners, has come up with a way for huge multinational corporations to use Israel’s bustling tech startup community to their own sweet advantage.
France’s Economy Minister, Emmanuel Macron, attended a prominent technology conference this week in Israel as part of an ongoing strategy employed by Paris to bring French Jews back to their home country, the Wall Street Journal reports.
(Ferenstein Wire)—The taxi industry has launched yet another high-profile attempt to conquer their arch nemesis Uber. The upcoming Arro, like many of its predecessors, is an app for hailing and paying for a taxi, much like other ride-hailing companies out of Silicon Valley. Every similar app, so far, has either completely shut down shortly after launch or failed to slow the rise of Uber.
As Uber and other Silicon Valley startups come under legal pressure for employing an army of full-time freelancers, a well-funded new startup has decided to completely switch its workforce to staffed employees with full benefits (“W2” workers).
JERUSALEM, Israel — The future of tech investing is housed–barely–in a stone spice warehouse on the Hebron Road in Jerusalem. There are, I am told, bullet holes in the walls, from the days when the building faced the boundary with Jordan. On the day I visit, it sounds like a war zone–a battle of drills and hammers, fire alarms and telephones, as the company expands into neighboring space. Only two years old, OurCrowd is revolutionizing startup funding–and growing rapidly.
