venture capital

Tim Draper predicts bitcoin will reach $250,000 despite FTX collapse

Tim Draper, founder of Draper Associates, onstage at the Web Summit 2022 tech conference. Ben McShane | Sportsfile via Getty Images Venture capitalist Tim Draper thinks bitcoin will hit $250,000 a coin by the middle of 2023, even after a bruising year for the cryptocurrency marked by industry failures and sinking prices. Draper previously predicted …

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These riderless electric lawn mowers can run on their own for 10 hours

Gas-powered lawn mowers are almost as bad for the environment as gas-powered cars, and just like cars, the bigger the mower, the bigger the carbon offender. Now a Colorado-based startup is experimenting with commercial-grade electric mowers that not only produce no carbon emissions, but can run on their own. No rider necessary. Scythe Robotics’ autonomous …

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Wefox CEO ‘disgusted’ by mass tech layoffs: ‘These are humans’

Wefox CEO Julian Teicke. Wefox HELSINKI, Finland — The boss of European digital insurance startup Wefox offered a damning response to tech companies that have laid off workers en masse. the likes of Meta, Amazon and Twitter have laid off tens of thousands of employees in response to pressure from investors, who want to see …

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Fintech banking app Dave wants to dispel doubts after 97% stock plunge

Mobile banking app provider dave has enough cash to survive the current downturn for fintech firms and reach profitability a year from now, according to CEO Jason Wilk. The Los Angeles-based company got caught up in the waves rocking the world of money-losing growth companies this year after it went public in January. But Dave …

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VC firm Sequoia Capital’s Doug Leone on the fallout from FTX collapse

Doug Leone, managing partner at Sequoia Capital LLC, speaks during the Bridge Forum conference in San Francisco, California, US, on Wednesday, April 17, 2019. The event brings together leaders in finance and technology from Asia and Silicon Valley to connect and share insights. David Paul Morris | Bloomberg | Getty Images HELSINKI Finland — Billionaire …

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Tech leaders reckon with higher interest rates, down rounds and layoffs

Guillaume Pousaz, CEO and founder of payment platform Checkout.com, speaking onstage at the 2022 Web Summit tech conference. Horacio Villalobos | Getty Images LISBON, Portugal — Once high-flying tech unicorns are now having their wings clipped as the era of easy money comes to an end. That was the message from the Web Summit tech …

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SpaceX just bought a big ad campaign on Twitter for Starlink

SpaceX founder Elon Musk during a T-Mobile and SpaceX joint event on August 25, 2022 in Boca Chica Beach, Texas. Michael Gonzalez | Getty Images Elon Musk’s aerospace business SpaceX has ordered one of the larger advertising packages available from Twitter, the social media business he just acquired in a $44 billion deal and where …

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Elon Musk’s latest email to Twitter employees addresses working late

Elon Musk’s photo is seen through a Twitter logo in this illustration taken October 28, 2022. Dado Ruvic | Reuters on Friday, twitter‘s new owner Elon Musk sent a companywide email to employees of the social media giant thanking them for working long hours since he took over on Oct. 28. Musk said he had …

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Unlabeled Twitter parody accounts risk permanent suspension

In this photo illustration, the image of Elon Musk is displayed on a computer screen and the logo of twitter on a mobile phone in Ankara, Turkiye on October 06, 2022. Muhammed Selim Korkutata | Anadolu Agency | Getty Images After several celebrity and blue-check verified Twitter users changed their accounts to mimic the social …

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Cathie Wood fund seeks to unload Twitter shares to retail investors

A technology fund run by Cathie Wood was a co-investor in Elon Musk’s pricey deal to take Twitter private — and now it’s trying to unload its stake in the struggling social network to retail investors, The Post has learned. Cathie Wood — a prominent Tesla bull and Musk ally — is partnering with Titan, …

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