Venture Capital
Trump’s Truth Social Is Poised to Join a Crowded Field
For months, former President Donald J. Trump has promoted Truth Social, the soon-to-be-released flagship app of his fledging social media company, as a platform where free speech can thrive without the constraints imposed by Big Tech. At least seven other social media companies have promised to do the same. Gettr, a right-wing alternative to Twitter […]
Read MorePeter Thiel, the Right’s Would-Be Kingmaker
The wine flowed. Donald Trump Jr. mingled with the guests. And Peter Thiel, the tech billionaire and host of the event, had a message for the well-heeled crowd: It was time to clean house. The fund-raiser at Mr. Thiel’s Miami Beach compound last month was for a conservative candidate challenging Representative Liz Cheney of Wyoming […]
Read MoreTech Start-Ups Reach a New Peak of Froth
Astonishing data for 2021 tell the story. U.S. start-ups raised $330 billion, nearly double 2020’s record haul of $167 billion, according to PitchBook, which tracks private financing. More tech start-ups crossed the $1 billion valuation threshold than in the previous five years combined. The median amount of money raised for very young start-ups taking on […]
Read MoreWhat It Was Like on the Elizabeth Holmes Jury for 18 Weeks
“I knew she had started a company,” Ms. Stefanek said. “I knew that it had failed. I knew she liked to wear black turtlenecks. That was about it.” Ms. Holmes’s trial began with opening statements on Sept. 8. That started a new routine for Ms. Stefanek: She often woke up at 5 a.m. to squeeze […]
Read MoreOpenSea Valued at $13.3 Billion in New Round of Venture Funding
OpenSea, one of the most talked about blockchain start-ups in Silicon Valley, said on Tuesday that it had raised $300 million in new venture capital, making it the latest company to cash in on a rush to fund cryptocurrency start-ups. The new round of funding, led by the investment firms Paradigm and Coatue Management, brings […]
Read MoreMistrial Declared for Three Counts in Elizabeth Holmes Trial
A mistrial was formally declared for three counts of wire fraud against Elizabeth Holmes, the founder of the failed blood-testing start-up Theranos, according to a federal court filing released on Tuesday. Ms. Holmes, 37, was found guilty on Monday of three counts of wire fraud and one count of conspiracy to commit wire fraud for […]
Read MoreA Lavish Tax Dodge for the Ultrawealthy Is Easily Multiplied
This is the story of the incredible cloning tax break. In 2004, David Baszucki, fresh off a stint as a radio host in Santa Cruz, Calif., started a tiny video-game company. It was eligible for a tax break that lets investors in small businesses avoid millions of dollars in capital gains taxes if the start-ups […]
Read MoreJury in Elizabeth Holmes Trial Ends Fourth Day of Deliberations
SAN JOSE, Calif. — Jurors ended a fourth day of deliberations without a verdict on Monday in the fraud trial of Elizabeth Holmes, the founder of the failed blood testing start-up Theranos. Ms. Holmes, 37, faces 11 counts of wire fraud and conspiracy to commit wire fraud over charges that she lied about Theranos’s technology […]
Read MoreElizabeth Holmes Trial: Jurors Deliberate for a Third Day
Jurors ended a third day of deliberations on Thursday without a verdict in the fraud trial of Elizabeth Holmes, the founder of the failed blood testing start-up Theranos. Ms. Holmes, 37, faces two counts of conspiracy to commit wire fraud and nine counts of wire fraud for allegedly lying about Theranos’s technology to land money […]
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