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Dan Primack / Axios:
Uber says it has hired Nelson Chai, formerly CEO of Warranty Group and CFO at NYSE and others, as its CFO, a position that's been empty since 2015   —  Uber on Tuesday announced that it has hired veteran Wall Street executive Nelson Chai as chief financial officer, a position that has been empty since 2015.
Aug 21, 2018, 12:08 PMIn context
Dan Primack / Axios:
Slack now valued above $4 billion   —  Enterprise collaboration platform Slack has raised $427 million in new Series H funding at a valuation north of $7.1 billion.  —  Why it's a big deal: Because while Slack is massive (8 million daily active users and over 70k paid teams) …
Aug 21, 2018, 9:10 AMIn context
Dan Primack / Axios:
DoorDash raises $250M at a $4B valuation, says it met or exceeded most of metrics set during its March Series D and had 250% YoY growth in delivery volume   —  Food delivery startup DoorDash on Thursday said it has raised $250 million in new venture capital funding at a $4 billion post-money valuation.
Aug 16, 2018, 5:20 PMIn context
Dan Primack / Axios:
Alibaba last week acquired a majority stake in Turkish fashion-focused e-commerce company Trendyol; sources say the deal was for at least $750M   —  Turkey is making news for all the wrong reasons, with the latest being a proposed boycott of U.S. electronic goods like iPhones.
Aug 14, 2018, 12:20 PMIn context
Dan Primack / Axios:
LegalZoom announces that it's the subject of a $500M secondary investment; source says the funding values the legal services company at $2B+   —  LegalZoom today announced that it's the subject of a $500 million secondary investment that Axios has learned values the legal services company north of $2 billion.
Jul 31, 2018, 2:00 PMIn context
Axios:
Sources: Yahoo Finance is launching a full-day live video streaming network by the end of the year that will include market and global financial news updates   —  Yahoo Finance is launching a full-day live video streaming network by the end of the year, three sources familiar with the plans tell Axios.
Jul 31, 2018, 8:25 AMIn context
Axios:
Big pharma firm GlaxoSmithKline buys $300M stake in 23andMe, forming 4-year partnership to develop new drugs, whereby both firms will share costs and revenues   —  23andMe, the maker of genetic testing kits for consumers, is partnering with pharmaceutical giant GlaxoSmithKline to develop new drugs.
Jul 25, 2018, 3:20 PMIn context
Dan Primack / Axios:
Source: two ex-Uber execs run Moving Capital, a private AngelList syndicate with ~100 Uber alums investing in two-sided marketplace and transportation startups   —  Two former Uber executives are quietly operating an investor syndicate to invest in startups led by their former colleagues, Axios has learned.
Jul 24, 2018, 3:15 PMIn context
Dan Primack / Axios:
Source: GV has for years been using an algorithm, dubbed The Machine, to help make investment decisions   —  When most venture capitalists want approval to make a new investment, they go to their partners.  When venture capitalists at GV do it, they go to something called “The Machine.”
Jul 19, 2018, 11:45 AMIn context
Axios:
All charges against ex-Vungle CEO Zain Jaffer have been dismissed at the request of San Mateo DA, who said prescribed drugs from multiple doctors were at fault   —  Last fall we reported that tech entrepreneur Zain Jaffer was arrested on a variety of awful charges, including sexual assault of his own child.
Jul 3, 2018, 11:15 AMIn context

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