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Dan Primack / Axios:
After closing on around half of its $250M Fund VIII, August Capital abruptly ended the fundraising and will return the limited partner commitments   —  Silicon Valley venture firm August Capital held its annual holiday dinner on Dec. 6.  The mood was festive, not only because of the season …
Jan 2, 2019, 11:10 AMIn context
Dan Primack / Axios:
Amazon has spawned very few successful startups in Seattle, for a variety of reasons, suggesting it is unlikely to do so in New York or Virginia   —  Greetings from New York City, where the local tabloids are aghast at the more than $1.8 billion in incentives used to lure Amazon to Queens.
Nov 14, 2018, 12:45 PMIn context
Dan Primack / Axios:
SAP announces it will buy user experience management platform Qualtrics, which had planned to go public later this month, for $8B   —  SAP on Sunday night announced that it will purchase Qualtrics, a U.S.-based maker of survey software that had been expected to go public this week, for $8 billion in cash,
Nov 11, 2018, 6:21 PMIn context
Dan Primack / Axios:
Sources: online payday lender LendUp is splitting the company to separate the lending and credit card businesses; LendUp has raised more than $300M   —  LendUp, a San Francisco-based fintech company that has raised over $300 million from firms like Google Ventures and Y Combinator …
Oct 19, 2018, 7:10 PMIn context
Dan Primack / Axios:
In a letter to the SEC, Uber asks for a change of rules to allow it to compensate drivers with company stock   —  Uber on Thursday sent a letter to federal securities regulators, asking for rules changes that would let it provide company stock to its drivers, Axios has learned.
Oct 11, 2018, 7:03 PMIn context
Dan Primack / Axios:
David Byttow, co-founder of now defunct anonymous messaging app Secret, which Snap tried to buy in 2014, has joined Snapchat as director of engineering   —  David Byttow, co-founder of anonymous messaging app Secret, has quietly joined Snapchat as director of engineering.
Oct 2, 2018, 7:35 PMIn context
Dan Primack / Axios:
Two of Benchmark Capital's longtime general partners, Matt Cohler and Mitch Lasky, are voluntarily stepping back as the VC firm raises its ninth fund   —  Two of Benchmark Capital's longtime general partners, Matt Cohler and Mitch Lasky, are stepping back as the venerable venture capital firm raises its ninth fund.
Oct 1, 2018, 4:30 PMIn context
Dan Primack / Axios:
Sources: Meredith Perry has stepped down as CEO of uBeam, the controversial wireless charging startup she founded in 2011   —  Meredith Perry has stepped down as CEO of uBeam, the controversial wireless charging startup she founded in 2011, Axios has learned.
Sep 20, 2018, 3:14 PMIn context
Dan Primack / Axios:
HQ Trivia has a new CEO   —  Trivia app HQ hrecently made a CEO swap, putting co-founder Colin Kroll in charge and moving former CEO Rus Yusupov into a chief creative officer role.  The news was first reported by Digiday.  — HQ also today previewed a new, Wheel of Fortune-like game.
Sep 18, 2018, 4:00 PMIn context
Dan Primack / Axios:
Inside the implosion of Social Capital as key partners and execs keep leaving and, sources believe, Chamath Palihapitiya is no longer putting the firm first   —  Social Capital arrived in Silicon Valley seven years ago with a charismatic co-founder, former Facebook executive Chamath Palihapitiya …
Sep 7, 2018, 2:20 PMIn context

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