Category: unicorn
Casper winds down European operations and lays off 78 people
Mattress company Casper is shutting down its European operations and laying off 78 people as it focuses on “achieving profitability,” according to a statement by the company. The layoff impacts 21% of its corporate workforce globally. In the statement, the company said that it is winding down European operations to…
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Unicorn layoffs keep piling up as the economy gets worse
Earlier today a grip of new data presented a sharply negative picture of the American economy. And this afternoon, news broke that a trio of well-known, heavily-backed unicorns were cutting staff. With stocks down as well, we’ve received negative signals from the private market, the public market and the economy…
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Airbnb is buying trust during the COVID-19 travel slowdown
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Airbnb’s recent moves in the wake of a global travel slowdown are interesting and worth understanding in chronological order. What it details is a company spending heavily today to keep…
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Female-founded startups landed more deals globally in 2019 than ever before
We all know the disruptive stories of female-founded startups like Glossier and ezCater. And we also know how those success stories belie the much harder time thousands of other women entrepreneurs have when it comes to raising capital. That’s why it’s so important to have historical data and a window…
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Africa Roundup: TLcom closes $71M fund, Jumo raises $55M, AWS partners with Safaricom
VC firm TLcom Capital closed its Tide Africa Fund at $71 million in February, and announced plans to invest in 12 startups over the next 18 months. The group — with offices in London, Lagos and Nairobi — is looking for tech-enabled, revenue-driven ventures in Africa from seed-stage to Series…
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Unpacking Procore’s S-1 filing
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we’re in for a treat, as we get to dig into Procore’s S-1 filing. In case you aren’t familiar, Procore sells software that helps manage construction projects, but it…
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