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Tag Archives: venture capital

An internet split between China and USA

“It’s (China) arguably ahead of U.S. in some areas behind in others, maybe neck and neck. But at the current trajectory, China will probably be ahead of U.S. in five years,” Lee said. “China has more data, more users, more usage per data. And there’s very pro-AI government policies. So …

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HSBC and Goldman Sachs back fintech firm Bud’s Series A funding round

British fintech start-up Bud said Monday that it had secured $20 million in a funding round co-led by HSBC and Goldman Sachs. The London-based company’s platform lets banks update their apps to give users access to financial services products from rivals. Banks can also categorize a customer’s spending data using …

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Expect 2019 IPOs to price ‘well below’ expectations

Fred Wilson, a venture investor known for early bets on Twitter, Zynga and Coinbase, is predicting the high-profile IPOs expected in 2019 will price “well below the lofty expectations they have in mind right now.” Uber, Lyft and Airbnb are all preparing to go public this year — each at …

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Tesla seeks $167 million in damages from ex-employee Martin Tripp 

Jeff Vespa | WireImage | Getty Images Tesla Motors CEO Elon Musk arrives at ‘Revenge Of The Electric Car’ Premiere held at Landmark Nuart Theatre on October 21, 2011 in Los Angeles, California.  Tesla is seeking more than $167 million in a lawsuit against former employee Martin Tripp, recent legal …

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Fintech Investor Ribbit Capital Sets $420 Million Goal for Its Latest Fund

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U.S.-based venture capital firm Ribbit Capital, the portfolio of which includes notable cryptocurrency and blockchain projects, is aiming to raise $420 million for its latest fund, according to an SEC filing dated September 12. The fund will reportedly be the fifth venture of Ribbit with limited partners, while the $420 …

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Elon Musk sent this e-mail to employees abandoning take-private plan

Jeff Vespa | WireImage | Getty Images Tesla Motors CEO Elon Musk arrives at ‘Revenge Of The Electric Car’ Premiere held at Landmark Nuart Theatre on October 21, 2011 in Los Angeles, California.  Tesla will remain a publicly traded company, CEO and chairman Elon Musk said late Friday, just weeks …

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Tesla says Fremont factory running normally after fire

Tesla experienced another fire at its Fremont, California car plant on Thursday night around 5:20 p.m. No injuries were reported and the fire is not expected to impact production. “Some cardboard and shipping materials being prepared for recycling on our southern fence line caught fire, along with a small patch …

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Apple hired many ex-Tesla employees this year, not just Doug Field

Yuriko Nakao | Bloomberg | Getty Images Elon Musk, co-founder and chief executive officer of Tesla  Apple has attracted scores of employees away from Tesla since late 2017, including manufacturing, security and software engineers, and, more recently, supply chain experts, according to several current and former Tesla employees and LinkedIn …

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Tesla rival Lucid in talks with Saudi PIF to land investment

PIF, the Saudi Arabian sovereign wealth fund that Tesla Inc CEO Elon Musk has said could help him fund an offer to take his electric car maker private, is in talks to invest in aspiring Tesla rival Lucid Motors Inc, people familiar with the matter said on Sunday. The talks …

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Tesla ex-security employee alleges theft, drug dealing and spying

FilmMagic | HBO | Getty Images Elon Musk speaks on stage during the Westworld Featured Session during SXSW at Austin Convention Center on March 10, 2018 in Austin, Texas. A former Tesla security employee named Karl Hansen has filed a whistleblower complaint with the SEC, accusing the electric vehicle maker …

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