Tag: OpenDoor
Playbook, which aims to be the ‘Dropbox for designers,’ raises $4M in round led by Founders Fund
When Jessica Ko was head of design at Google and then Opendoor, she realized that her teams spent about 90% of their time digging around Dropbox looking for assets. In many cases, they’d find older versions. Or they couldn’t find what they were looking for. Or even worse, they’d accidentally…
Read More
Mindset, an artist-driven mental wellness audio platform, raises a $8.7M from Scooter Braun and others
Mindset, a platform featuring personal story collections from recording artists, announced today that it raised $8.7 million in seed funding. As co-founders of the K-pop focused podcast production company DIVE Studios, brothers Brian Nam, Eric Nam and Eddie Nam noticed that the studio’s best performing content came from podcast episodes…
Read More
Is anything too big to be SPAC’d?
While many deemed 2020 the year of SPAC, short for special purpose acquisition company, 2021 may well make last year look quaint in comparison. It’s probably not premature to be asking: is anything too big to be SPAC’d? Just today, we saw the trading debut of the most valuable company…
Read More
SoftBank-backed Opendoor has announced a massive layoff, cutting 35% of its employees
Opendoor, the seven-year-old, San Francisco-based company that has from the outset aimed to help people buy and sell homes with the “push of a button” or nearly, just laid off more than a third of its staff. According to a statement sent to us by cofounder and CEO Eric Wu,…
Read More
Unicorn layoffs keep piling up as the economy gets worse
Earlier today a grip of new data presented a sharply negative picture of the American economy. And this afternoon, news broke that a trio of well-known, heavily-backed unicorns were cutting staff. With stocks down as well, we’ve received negative signals from the private market, the public market and the economy…
Read More
SoftBank expects $24 billion in losses from Vision Fund, WeWork, and OneWeb investments
The Japanese technology conglomerate SoftBank Group said it would lose a staggering $24 billion on investments made through its Vision Fund and bets on the co-working real estate company, WeWork, and satellite telecommunications company, OneWeb. Ultimately, the company expects the losses to help generate a $7 billion total loss for…
Read More