Tag: Startup company
Changing policy, Y Combinator cuts its pro rata stake and makes investments case-by-case
In a message posted to its internal communications channel earlier this week, the massive startup accelerator Y Combinator said it will change the terms of its own PPP (the YC pro rata investment program) and investing in companies raising seed and Series A rounds on a case-by-case basis. The company…
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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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As stocks recover, private investors aren’t buying the hype
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we need to talk about what we’re hearing from the private markets and the public markets, and how different their messages seem to be. The public markets through yesterday…
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Equity Monday: Two early-stage rounds, grocery delivery and SoftBank’s bill
Good morning friends, and welcome back to TechCrunch’s Equity Monday, a short-form audio hit to kickstart your week. Before we jump into today’s show, don’t forget that the long-form Equity that started in the unicorn era and continue in today’s changed world still drops on Friday. We had a blast last…
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Silicon Valley Bank only started processing stimulus loan applications today
In a sign of just how broken the process is for startups looking to receive stimulus dollars, Silicon Valley Bank, the bank that claims “more innovative startups bank with us than any other bank,” only just began processing claims today. “Since the CARES Act and the PPP were announced, we…
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Livongo stock jumps over 10 percent on revised earnings guidance, pointing to digital health boom
Livongo Health’s stock jumped over ten percent on a day that saw most exchanges tumble after a day of crazy volatility. The digital diagnostics and therapeutics company is benefiting from booming demand for digital health services as remote medicine takes center stage for beleaguered health care providers looking to keep…
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