In just over a decade, cloud-based platforms have completely reshaped the multi-hundred-billion-dollar enterprise IT market. Companies have thrown out their boxes and software-defined and microservice’d everything from the network stack to storage, compute, and application delivery and everything in-between. It should be the most lucrative single slice of the startup world today, except for one […]
You may have heard that we’re taking our events virtual this year. And that means TC Sessions: Mobility is going virtual as well. This won’t just be one long webinar. We have some technical tricks up our sleeves that will bring all of what you’d expect from our in-person events from the informative panels and […]
Sequoia Capital India on Monday announced it has secured $1.35 billion from LPs for two new funds in the country as the storied venture firm looks to ramp up its investments in the world’s second largest internet market and Southeast Asia. The two new funds — a $525M venture fund and a $825M growth fund […]
Facebook, which reaches more users than any other international firm in India, has identified a new area of opportunity to further spread its tentacles in the world’s second largest internet market. On Sunday, the social juggernaut announced it had partnered with the Central Board of Secondary Education, a government body that oversees education in private […]
Tesla has opened up reservations for its all-electric Cybertruck to customers in China, a move that will test the market’s appetite for a massive, futuristic truck. The reservations page on Tesla’s China website was first posted in Reddit channel r/teslamotors by user u/aaronhry. Electrek also reported on the Reddit post. The Cybertruck, which was unveiled […]
Welcome back to our $100 million annual recurring revenue (ARR) series, in which we take irregular looks at companies that have reached material scale while still private. The goal of our project is simple: uncovering companies of real worth beyond how they are valued by private investors. The Exchange is a daily look at startups […]
Despite today’s bucket of plus-and-minus economic data, stocks are heading higher in regular trading. And among the shares rising the most are today’s two venture-backed IPOs: Lemonade and Accolade. TechCrunch wrote this morning that the firms’ aggressive IPO pricing arcs boded well for the IPO market itself, that investors were willing to price growth-y shares […]
Tesla hits a financial milestone, Discord is now valued at $3.5 billion and we unpack the 👁👄👁 phenomenon. Here’s your Daily Crunch for July 1, 2020. 1. Tesla blows past Toyota to become most valuable automaker in the world In 10 years, Tesla has gone from public market newbie to the most valuable automaker in […]
While there has been a wealth of bad news the past few months in the venture capital world as firms take account of the changing macroeconomic conditions in the wake of COVID-19, that hasn’t stopped some top investment firms from continuing to raise huge piles of capital and getting bolder in their investment theses. Case […]
Facebook takes (small) steps to improve its content policies as advertisers join a broad boycott, founder Alexis Ohanian is leaving Initialized Capital and Waze gets a new look. Here’s your Daily Crunch for June 29, 2020. 1. As advertisers revolt, Facebook commits to flagging ‘newsworthy’ political speech that violates policy In a live-streamed segment of […]