Start-ups
The Boy Bosses of Silicon Valley Are on Their Way Out
Leaving as billionaires, they have emanated Silicon Valley’s relentless positivity. Pinterest “is just getting started,” Airbnb “is in the best hands it’s ever been in” and Instacart has a “enormous opportunity ahead,” the founders wrote. Both Mr. Mehta and Mr. Gebbia said they had plans for new projects. Investors say they anticipate more of these […]
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F.T.C. Chair Lina Khan Upends Antitrust Standards by Suing Meta
WASHINGTON — Early in her tenure as chair of the Federal Trade Commission, Lina Khan declared that she would rein in the power of the largest technology companies in a dramatically new way. “We’re trying to be forward looking, anticipating problems and taking fast action,’’ Ms. Khan said in an interview last month. She promised […]
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Loans Could Burn Start-Up Workers in Downturn
SAN FRANCISCO — Last year, Bolt Financial, a payments start-up, began a new program for its employees. They owned stock options in the company, some worth millions of dollars on paper, but couldn’t touch that money until Bolt sold or went public. So Bolt began providing them with loans — some reaching hundreds of thousands […]
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A Warren Buffett Protégée Strikes Out on Her Own
By 15, Ms. Britt Cool was president of the local farmers’ market, collecting dues from dozens of vendors. She also recruited several of her friends from high school to work at the market, where she increased the farm stand’s weekly sales about fivefold to $2,500. With her savings, she bought a red Ford Mustang convertible, […]
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Stripe, the payments start-up, lowers internal valuation 28 percent.
Stripe, a payments start-up that has been one of the most valuable privately held tech companies in Silicon Valley, has lowered its internal valuation 28 percent, according to a person with knowledge of the situation, in another sign of how the fluctuating stock market and economic uncertainty are affecting private companies. Investors had valued Stripe […]
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Advanced E.V. Batteries Move From Labs to Mass Production
SAN JOSE, Calif. — For years, scientists in laboratories from Silicon Valley to Boston have been searching for an elusive potion of chemicals, minerals and metals that would allow electric vehicles to recharge in minutes and travel hundreds of miles between charges, all for a much lower cost than batteries available now. Now a few […]
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Theranos Executive Ramesh Balwani Found Guilty of 12 Counts of Fraud
SAN JOSE, Calif. — Ramesh Balwani, a former top executive at Theranos, was found guilty on Thursday of 12 counts of fraud, in a verdict that was more severe than that of his co-conspirator, Elizabeth Holmes, and that solidified the failed blood-testing start-up as the ultimate Silicon Valley cautionary tale. Mr. Balwani and Ms. Holmes, […]
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Start-Up Funding Falls the Most It Has Since 2019
SAN FRANCISCO — For the first time in three years, start-up funding is dropping. The numbers are stark. Investments in U.S. tech start-ups plunged 23 percent over the last three months, to $62.3 billion, the steepest fall since 2019, according to figures released on Thursday by PitchBook, which tracks young companies. Even worse, in the […]
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3-D Printing Grows Beyond Its Novelty Roots
DEVENS, Mass. — The machines stand 20 feet high, weigh 60,000 pounds and represent the technological frontier of 3-D printing. Each machine deploys 150 laser beams, projected from a gantry and moving quickly back and forth, making high-tech parts for corporate customers in fields including aerospace, semiconductors, defense and medical implants. The parts of titanium […]
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