Venture

Prediction Capital hits first close of €30M for new fund to back startups addressing UN SDGs • ZebethMedia

Another day, another dollar, and another VC fund launches. But, refreshingly, this one will specifically address the United Nations Sustainable Development Goals. Prediction Capital is a new VC sprung out of the Swiss Family Office infinitas Capital, the investment firm of former entrepreneur and investor Robin Lauber, and formed together with Christopher Chuffart and Kilian Graulich. […]

Sequoia Capital writes off its $210M investment in crypto exchange FTX • ZebethMedia

To get a roundup of ZebethMedia’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Tech reporting is a lot of things, but it sure ain’t boring, as the chaos around Twitter, crypto, and layoffs continues. We’re just trying to hang on for dear life to try […]

Use IRS Code Section 1202 to sell your multi-million dollar startup tax-free • ZebethMedia

Vincent Aiello Contributor Spencer Fane attorney and business owner Vincent Aiello helps businesses solve legal problems to secure revenue flow and reduce business risks. Whoever said you can’t have your cake and eat it too should have called their accountants and lawyers first. These professionals often receive inquiries from founders, equity investment firms and venture […]

Perfekto bags $1.1M to find homes for imperfect produce in Mexico • ZebethMedia

Over a third of food ends up wasted across the globe, with 6% of that occurring in the Latin America and Caribbean regions. Among that waste, the majority of it, around 70%, occurs prior to the consumer stage. This is where Perfekto believes its subscription box of imperfect food can help. Launched in 2021, the […]

Colorado-based SpringTime Ventures pivots its focus for new $25 million fund

There are a lot of changes afoot for SpringTime Ventures as it looks to deploy its freshly closed second fund. For one, the Denver-based firm is pivoting away from its original focus on its home state of Colorado, despite being the only local fund in two of the state’s 10 unicorn companies. It’s also now […]

Sequoia Capital marks its FTX investment down to zero dollars • ZebethMedia

Sequoia Capital just marked down to zero the value of a stake that, as of last week, represented one of the firm’s biggest unrealized returns in its 50-year history. In short, Sequoia has decided not to bail out the beleaguered crypto exchange following its abrupt implosion over the last couple of days. This story is […]

Meta decimates its staff as the social media giant lays off 11,000 • ZebethMedia

To get a roundup of ZebethMedia’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Whooo-weee interesting times for crypto land, as Bitcoin crashes down to under $17,000 for the first time in a while. Wild, given that the cryptocurrency was trading at $65,000 or so a […]

Some crypto VCs see decentralization as the future following FTX collapse • ZebethMedia

As the crypto market digests the past few days of chaos, venture capitalists see the moment as a warning, but also an opportunity for the growth of decentralization and maturation of the larger blockchain space. “As venture investors, we take a long-term view on the industry; despite the current market turmoil, we are actively assessing […]

The bottom keeps dropping for software valuations • ZebethMedia

Another day, another 52-week low. It seems that instead of finding fresh support, the value of software companies keeps discovering new basement levels to descend into. This afternoon, software stocks were off 3% or so, while the broader Nasdaq Composite was down around 2% in midafternoon trading. The dramatic collapse in the value of software […]

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