TechCrunch
MARCH 12, 2023
Two of tech’s biggest entrepreneurs, OpenAI CEO Sam Altman and storied venture capitalist Vinod Khosla , are offering personal capital to startups on the brink of SVB collapse as their money remains locked up at Silicon Valley Bank. The bank, which was shut down and taken over by regulators on Friday , is involved with nearly half of all US venture capital-backed startups.
OurCrowd
MARCH 12, 2023
wefox, which claims to be one of the world’s leading Insurtech firms, has announced the appointment of Dr. Günther Blaich as the Country Lead for Germany. Read more here. The post [Wefox in Crowdfund Insider] Insurtech wefox appoints Dr. Günther Blaich as Country Lead for Germany appeared first on OurCrowd Blog.
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TechCrunch
MARCH 12, 2023
Over the last three years, Ho Chi Minh City-based Medigo has grown to 500,000 active users by providing 24/7 one-demand prescription delivery services. Now it’s planning to grow its telehealth ecosystem with $2 million in new funding by East Ventures, with participation from Pavilion Capital and Touchstone Partners. The new capital will allow Medigo to expand its remote doctor consultations, medicine delivery services and home testing services, including blood tests, urine tests and pregnancy te
OurCrowd
MARCH 12, 2023
BOSTON, March 12, 2023 /PRNewswire/ — Living Proof, Inc., the high-performance, science-fueled haircare company originally founded by MIT scientists, is taking its first step into the Metaverse. Living Proof has partnered with industry-leading experiential e-commerce platform, ByondXR, to launch its debut virtual store. Read more here. The post [ByondXR in PR Newswire] Living Proof enters the Metaverse with first virtual reality storefront partnering with leading experiential e-commerce cr
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TechCrunch
MARCH 12, 2023
As Silicon Valley Bank collapsed before our eyes on Thursday, a founder told me that the world felt like it did when COVID-19 first bared its teeth. I scoffed at his analogy at first: are we really using a still on-going and devastating pandemic to describe the fall of a prominent bank? But then I realized, we are indeed witnessing the crumbling of something sacred.
Startup Catalyst Brief brings together the best content for the entrepreneurial ecosystem from the widest variety of industry thought leaders.
TechCrunch
MARCH 12, 2023
An auction for the remaining assets of the failed Silicon Valley Bank is reportedly underway, with final bids due this afternoon and a result potentially arriving late Sunday, according to Bloomberg. Bloomberg says that the U.S. Federal Deposit Insurance Corp. (FDIC), which stepped in and shut down SVB on Friday as it was experiencing an unprecedented run on funds by its clients , is hoping to conclude the auction before markets open on Monday morning.
OurCrowd
MARCH 12, 2023
An Israeli company working on technology to produce oxygen on the moon for future settlement has hit on a recipe it says could substantially reduce carbon dioxide emissions and costs for the steel industry. Read more here. The post [Helios in The Times of Israel] Company aiming to create oxygen on moon finds process to make steel plants cleaner appeared first on OurCrowd Blog.
TechCrunch
MARCH 12, 2023
Global payroll provider Deel plans to provide $120 million of its own cash off its balance sheet to support startups’ payroll operations in the wake of Silicon Valley Bank shutting down. It has teamed up with Andreessen Horowitz (a16z) and Y Combinator – both of which are investors in Deel – to offer the support to customers. The Federal Reserve just announced that Silicon Valley Bank depositors, both insured and uninsured, will be fully protected – which led to collective relief throughou
TechCrunch
MARCH 12, 2023
Welcome to The Interchange ! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon.
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TechCrunch
MARCH 12, 2023
The Federal Reserve issued a joint pair of statements on Sunday with one clear message: Silicon Valley Bank’s depositors, both insured and uninsured, will receive help in a manner that will “fully protect” all. Depositors, the statement reads, “will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.” After consulting with the boards of the Federal Reserve and the
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