Over the last 15 years or so, as European venture capital shifted into a higher gear, one way to help a nation’s ecosystem flourish was to invest in founders from that that country, regardless of where they were based. This would help re-patriate the entrepreneurial mindset back home. In Europe, the approach was pioneered in […]
Y Combinator founders raising less money signal a ‘vibe shift,’ VC says
Silicon Valley has been captivated by the prospect of AI, not only as a productivity enhancer but also as a catalyst for creating successful companies with much leaner teams than in the past. Stories abound of AI startups quickly reaching tens of millions in revenue with headcount as low as 20 people. With less overhead, […]
Redalpine, Founders Fund back Magdrive’s electric thruster business
Orbital mobility took center-stage in the space industry last year, with venture capitalists funneling massive sums into startups developing tech for nimble satellite operations. So it’s no surprise that one of the most recent deals is to Magdrive, a UK-based startup that says its electric propulsion system for satellites will deliver a higher thrust in […]
Telegram quietly enables users to report private chats to moderators after founder’s arrest
Telegram has quietly updated its policy to allow users to report private chats to its moderators following the arrest of founder Pavel Durov in France over “crimes committed by third parties” on the platform. The messaging app, which serves nearly 1 billion monthly active users, has long maintained a reputation for minimal supervision of user […]
From their experiences at Uber and PayPal, Palm founders want to make moving cash easier for big companies
At Uber, Gurjit Pannu remembers moving billions in cash across bank accounts globally, realizing almost immediately the importance of effective cash flow management. Christian Sobkowski, meanwhile, recalls his days working in financial services, most notably at PayPal, where helped expand the company’s business across Europe. It’s no wonder then, that the two decided to come […]