U.S. Treasury officials have lifted sanctions on Tornado Cash, a crypto mixer that the U.S. government previously said was used to launder $ 7 billion worth of crypto stolen by North Korean hackers. In a statement, the Treasury said it “exercised our discretion” to delist Tornado Cash following a legal battle. Sanctions make it illegal […]
Databricks, Snowflake, and Battery Ventures discuss when to cash out or scale your startup at TechCrunch Disrupt 2024
Navigating the complex decision of when to sell a startup or keep pushing forward is one of the toughest challenges founders face. In an era where IPOs are frequently delayed and acquisition offers arrive earlier, determining the right moment to either cash out or stay independent is increasingly nuanced. We’re excited to welcome three distinguished […]
Support automation firm Capacity grows with new cash and acquisitions
David Karandish has been busy. Capacity, his support automation company, was planning a $ 5 million “bridge round” to help the company reach the break-even point. But TVC Capital, Toloka.vc, and the venture’s other backers had something grander in mind. So they threw in an additional $ 21 million for what became Capacity’s $ 26 […]
HYBE’s Cash Reserves At Risk, Might Have To Pay Back Investors Over 200 Million USD
HYBE is at serious risk of depleting cash reserves after the put option rate for its third convertible bonds, issued in 2021, has soared over 80%. This implies that many HYBE investors are trying to redeem what they might be deeming as a losing investment. A put option refers to an early redemption claim that […]
Vista Equity Partners and Blackstone offer to buy Smartsheet for $8.4B in cash
Vista Equity Partners and Blackstone have agreed to acquire Smartsheet, the software-as-a-service (SaaS) workplace collaboration and management platform, for $ 8.4 billion in cash. The companies say that the deal values publicly-traded Smartsheet’s shares at a 41% premium over its 90-day average closing share price. Should regulators and shareholders approve it, shareholders would receive approximately […]