Since fintech startup Brex’s inception in 2017, its two co-founders Henrique Dubugras and Pedro Franceschi have run the company as co-CEOs. But starting today, the pair told TechCrunch in an exclusive interview, the San Francisco-based corporate credit card and expense management company is shifting to a more traditional — and what they say should be […]
Carta’s valuation will be cut by billions in an upcoming secondary sale
Carta, a once-high-flying Silicon Valley startup that loudly backed away from one of its businesses earlier this year, is working on a secondary sale that would value the company at $ 2 billion, TechCrunch has learned. Carta is working with the investment bank Jeffries on the sale and initially hoped to find demand for the […]
VCs will get liquidity in 2024 from the secondary market, not IPOs
If you asked a bunch of VCs at the end of 2023 if the IPO market would finally open again in 2024, most of them would have said yes. We know because TechCrunch surveyed more than 40 of them in December and that’s what they said. Yet, there are two weeks left in Q1, still […]
Reddit should go public at $5 billion, according to secondary data
Reddit filed its S-1 last week and is set to take the bold step of being the first venture-backed public listing of 2024. If successful, Reddit has the power to open the IPO window for other late-stage startups anxiously waiting in the wings. But to have any chance of sparking an exit trend, it needs […]
Popular Idol’s Ex-Boyfriend And Soccer Star Accused Of Secondary Harm To Sex Video Victim
In a developing scandal that has shaken the world of football, South Korean soccer player Hwang Ui Jo is facing serious legal repercussions. According to a statement from the Seoul Metropolitan Police Agency on Monday, Hwang has been booked not only for the alleged illegal filming of a sexual encounter but also for inflicting secondary […]