by Our Source | Feb 26, 2020 | Startups
The first cannabis startup to raise big money in Silicon Valley is in danger of burning out. TechCrunch has learned that pot delivery middleman Eaze has seen unannounced layoffs, and its depleted cash reserves threaten its ability to make payroll or settle its AWS...
by Our Source | Feb 26, 2020 | Startups
Equinix announced today that is acquiring bare metal cloud provider Packet. The New York City startup that had raised over $36 million on a $100 million valuation, according to Pitchbook data. Equinix has a set of data centers and co-locations facilities around the...
by Our Source | Feb 26, 2020 | Startups
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we’re continuing our series on companies that have reached the $100 million annual recurring revenue (ARR) threshold, or are about to. ExtraHop...
by Our Source | Feb 26, 2020 | Startups
How WeWork and MoviePass created great value for everyone except themselves One of the enduring truths of big companies is that they aren’t innovative. They are “innovative” in the marketing sense, but fail to ever execute on new ideas, particularly when those ideas...
by Our Source | Feb 26, 2020 | Startups
For Silicon Valley’s potential startup millionaires, compensation packages staked on future promises of wealth are where the action is. But what happens when these employees get laid off or have to leave before an exit? When Wouter Witvoet left a startup that he had...
by Our Source | Feb 26, 2020 | Startups
Xnor.ai, spun off in 2017 from the nonprofit Allen Institute for AI (AI2), has been acquired by Apple for about $200 million. A source close to the company corroborated a report this morning from GeekWire to that effect. Apple confirmed the reports with its standard...
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