Techmeme

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Heather Somerville / Reuters:
PitchBook: seed funding down with 900 deals in Q2 '17, after 1.1K in Q2 '16 and 1.5K in Q2 '15; investors blame over-inflated valuations, tepid IPO market   —  The bloom is off seed funding, the business of providing money to brand-new startups, as investors take a more measured approach to financing emerging U.S. technology companies.
Aug 1, 2017, 9:30 PMIn context
Reuters:
Sources: cybersecurity firm Zscaler to hire banks for potential IPO later this year at a valuation of about $2B   —  Zscaler Inc is interviewing investment banks to hire as underwriters for an initial public offering later this year that could value the U.S. cyber security software firm at about $2 billion …
Jun 29, 2017, 6:45 PMIn context
Reuters:
Source: Uber board is meeting on Sunday to vote on Holder report recommendations, will also discuss Travis Kalanick temporarily stepping away   —  Uber Technologies Inc's [UBER.UL] board will discuss Chief Executive Travis Kalanick temporarily stepping away from the embattled ride-hailing firm …
Jun 11, 2017, 11:35 AMIn context
Reuters:
Airbnb, San Francisco settle lawsuit over short-term rental law   —  Airbnb and the city of San Francisco have settled a lawsuit over a local ordinance that had forbidden the home-rental company from taking bookings from hosts who have not registered their homes.
May 1, 2017, 2:40 PMIn context
Reuters:
Uber resumes testing self-driving cars in San Francisco after halt following crash in Arizona; autonomous cars in Arizona, Pennsylvania to resume later today   —  Uber Technologies Inc [UBER.UL] put its self-driving cars back on the road on Monday, voicing confidence in its autonomous vehicle …
Mar 27, 2017, 12:10 PMIn context
Heather Somerville / Reuters:
Judge approves $27 million driver settlement in Lyft lawsuit   —  A U.S. judge gave the final approval on Thursday to a settlement agreement in a class-action lawsuit against Lyft, ending a legal case that challenged the independent contractor status of the company's drivers.
Mar 17, 2017, 2:35 PMIn context
Reuters:
How GV's 2013 investment of $258M in Uber, now regarded as a great success, began a complex and tense relationship between Alphabet and Uber that's since soured   —  When Uber Technologies Inc [UBER.UL] was raising venture capital in 2013, it was one of the hottest deals around …
Mar 6, 2017, 3:40 PMIn context
Heather Somerville / Reuters:
Snap joins other recent big exits for Lightspeed, which include Nutanix and AppDynamics; Lightspeed also invested early in MuleSoft, The Honest Company, Affirm   —  A decade ago, Lightspeed Venture Partners was an obscure firm investing in highly technical startups that were mostly unknown outside of Silicon Valley.
Mar 3, 2017, 5:05 PMIn context
Heather Somerville / Reuters:
Uber strikes deal with Daimler to add self-driving Mercedes-Benz to Uber's fleet   —  Uber Technologies Inc has signed another deal with a major automaker as the popular ride service accelerates efforts to build out one of the world's first fleets of autonomous vehicles.
Jan 31, 2017, 11:52 AMIn context
Heather Somerville / Reuters:
PitchBook report: VCs invested $15B in Q3, $56B across nearly 6K funding deals this year; angel and seed funding fell 18% to $1.7B YoY in Q3   —  Venture capitalists poured $15 billion into startups in the third quarter, putting this year on pace to be the third largest ever for investment activity …
Oct 6, 2016, 12:50 PMIn context

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