Loop, the car insurance company co-founded by Harlem Capital co-founder John Henry, has laid off staff as the company struggles with fundraising. Henry took to Instagram to post the email his co-founder Carey Nadeau sent to impacted staff on June 16th. Nadeu also posted the letter to LinkedIn. It stated that this was the “absolute […]
Fearless Fund’s Arian Simone coming to Disrupt 2024
TechCrunch has kept readers informed regarding Fearless Fund’s courtroom battle to provide business grants to Black women. Today, we are happy to announce that Fearless Fund CEO and co-founder Arian Simone will speak at the Disrupt 2024 Builders Stage in a fireside chat discussing her organization’s fight for racial equity. Fearless Fund was sued last […]
WndrCo officially gets into venture capital with fresh $450M across two funds
WndrCo, the holding company and technology investment firm started by founding partners Sujay Jaswa and Jeffrey Katzenberg, raised its first venture capital fund, closing on over $ 450 million in capital commitments. Katzenberg is well-known for being the former chairman of Walt Disney Studios and co-founder of DreamWorks SKG. Jaswa was a principal at New […]
Fintech lender Solo Funds is being sued again by the government over its lending practices
The Consumer Financial Protection Bureau is suing SoLo Funds, a fintech company that enables peer-to-peer lending, alleging that the company used “digital dark patterns” to deceive borrowers and illegally took fees while advertising to consumers that there were no fees. “The CFPB is suing SoLo for using digital trickery to hide interest and fees on […]
A reckoning is coming for emerging venture funds, and that, VCs say, is a good thing
Thousands of new venture capital funds have launched over the past few years, each hoping to carve out a long-term, lucrative place for themselves. PitchBook is tracking over 10,000 funds currently trying to raise money, and 45% of them are emerging fund managers, defined as a firm with less than three funds. Those funds are […]