Interest in the futuristic, immersive digital world is fading just as Apple plans to debut a virtual reality device.
Category: Venture Capital
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Elizabeth Holmes Set to Report to Prison Tuesday in Texas
The disgraced founder of the blood testing start-up Theranos, who was convicted of fraud, is expected to report to a minimum-security prison in Texas.
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Reid Hoffman Is Praising the Virtues of AI
Few are as involved in so many different artificial intelligence efforts as Mr. Hoffman, a Silicon Valley investor who co-founded LinkedIn.
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Semafor Raises $19 Million, Replacing Money From Sam Bankman-Fried
The media start-up’s new backers include Henry Kravis, a founder of the private-equity giant KKR, and Jerry Yang, a Yahoo founder.
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Vice Media Files for Bankruptcy
Vice, which had wooed media giants, has struggled to adjust to the punishing realities of digital publishing. A group of creditors could buy Vice for $225 million.
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The End of Faking It in Silicon Valley
Recent charges, convictions and sentences all indicate that the start-up world’s habit of playing fast and loose with the truth actually has consequences.
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Bay Area Expansion Team Draws Record Price for U.S. Women’s Soccer League
The investment firm Sixth Street led an ownership group that plans to spend $125 million on the franchise.
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Silicon Valley Bank’s Collapse Chills Start-Up Funding
The New York Times – Business:Two weeks after Silicon Valley Bank failed, the fallout has hit the start-up market as investors pull back further and fear has risen.
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Chatbot Start-Up Character.AI Valued at $1 Billion in New Funding Round
The New York Times – Business:Founded by ex-Google employees, the Silicon Valley company is among the few start-ups poised to compete with OpenAI, the creator of ChatGPT.
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48 Hours Till Payroll, $200,000 to Go: Diary of a Bank Failure
The New York Times – Business:The collapse of Silicon Valley Bank set major financial disruptions in motion. It also made one founder’s week a scramble.
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Silicon Valley Bank’s Deep Ties to the Tech Industry
The New York Times – Business:More than many other banks, SVB catered to how risky tech start-ups and their backers do not adhere to normal business practices.