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The Station: Via hits $2.25B valuation, letters from readers, layoffs in a time of COVID-19

TechCrunch LA

There were, of course, those who used the opportunity to make a marketing push or pitch a story. The remaining $200 million came from new investors Macquarie Capital, Mori Building and Shell, as well as existing investors 83North, Broadscale Group, Ervington Investments, Hearst Ventures, Planven Ventures, Pitango and RiverPark Ventures.

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Struggling EV firm Faraday Future gets another financial lifeline with new $225M investment

TechCrunch LA

asset management firm Birch Lake Associates and it is aimed at bringing Faraday’s flagship FF91 SUV to market. This new financing comes hot on the heels of a joint venture (JV) with once-popular Chinese gaming company The9, which will bring Faraday’s V9 EV — a vehicle based on the FF91 — to market in China.

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Angel Investing: Skill 3 – Relationships with VCs

Both Sides of the Table

I’d rather be Roger Ehrenberg with a thesis around data-centric companies and base my investment decisions on the skills I’ve developed in my career. To some extent Keith Rabois agreed with me about domain knowledge and argued that most of his investments are in the consumer Internet space as a result. Obviously I agree.

Invest 284
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Blippar, Backed by Qualcomm Ventures, Calls It Quits

socalTECH

According to Blippar, it had been attempting to gain a "small amount of funding" as it was making a shift into the B2B market, but an un-named, existing investor "voted against the additional funding, effectively blocking the investment even if they were not asked to participate in any further financing of the business".

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Zumbox Shutting Down

socalTECH

According to a message from the company-- first posted by Infotrends --the company said the "time and cost" required to deliver on its concept of "digital postal mail" is "more than the market is prepared to invest." zumbox postal delivery mail shutdown employment jobs layoff' READ MORE>>.

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Down bad

TechCrunch LA

Last week, we talked about layoffs and the Winklevoss rock gods. Things have already plunged so quickly at the signal of a recession that insiders fear a lengthy bear market could hit crypto far more brutally than expected — tearing tokens to lows far below the highs of the 2017 bull run. Welcome back to Chain Reaction. crash redux.

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Angel Investing: Skill 3 – Relationships with VCs

Both Sides of the Table

I’d rather be Roger Ehrenberg with a thesis around data-centric companies and base my investment decisions on my background. I should say that I agree that naive optimism in entrepreneurs can produce higher beta (upside or flops) and that’s good from an investment standpoint if you’re looking for big returns.

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