Dave Clark has had a rollercoaster of a time these past two years. After stepping down in June 2022 as CEO of Amazon’s worldwide consumer division — a role he held for over two decades — Clark relocated to Dallas to join supply chain logistics company Flexport. With a board mandate to prepare Flexport to […]
Venture firm CRV returns $275 million citing overvaluation of mature startups
CRV, a more than 50-year-old venture firm, is returning to investors $ 275 million from its $ 500 million Select fund, which backs later-stage rounds of existing portfolio companies, the New York Times reported. The firm is one of the first Silicon Valley outfits to return committed capital to investors. (We reported yesterday that India’s […]
Venture capitalists continue to play musical chairs
From Keith Rabois to Ethan Kurzweil, a lot of VCs have switched firms or spun out of storied VC institutions to launch their own funds this year. These employment changes are surprising because unlike in many other fields, venture capitalists don’t traditionally move around very much — especially those who reach the partner or general […]
Learn startup best practices with MongoDB, Venture Backed, InterSystems and others at Disrupt 2024
From idea to IPO, Disrupt charts startups at every stage on the roadmap to their next breakthrough. TechCrunch will gather some of the startup world’s leading companies — but our partners provide more than just financial support. Their presence at Disrupt gives new and prospective founders the tools, knowledge and community they need to build […]
Loft Orbital forms joint venture with UAE-based firm to scale satellite production in the Middle East
A holding company affiliated with an Emirati royal family is injecting a new joint venture between Abu Dhabi-based Marlan Space and startup Loft Orbital with over $ 100 million to grow the region’s domestic satellite manufacturing capabilities. The joint venture, called Orbitworks, will be the first commercial firm in the United Arab Emirates to mass […]