News Archives | Page 663 of 1011 | CREtech
The U.S. Securities and Exchange Commission has launched an inquiry into WeWork to determine if the company violated reporting rules ahead of its doomed planned public offering. Citing two unnamed sources, Bloomberg reported that SEC investigators are scrutinizing disclosures made to investors while the company embarked on aggressive fundraising efforts and completed transactions that posed pote...
Private equity pioneer Alan Patricof called the botched WeWork initial public offering the "bottom" in the IPO market — and said that a lot more companies will go public.
Speaking at the Greenwich Economic Forum last week, the CEO of venture capital firm Greycroft Partners called the WeWork IPO debacle the trough of a market that’s punished high-flying unicorns recently.
However, the WeW...
Michael Beckerman, CEO, CREtech and Ben Liao, Managing Director of the Colliers Proptech Accelerator powered by Techstars to Co-Host Event on December 5th
CREtech (cretech.com), the leading commercial r...
SoftBank wanted Kushner to divest. He wouldn’t, and deal talks died. It was a missed opportunity for a start-up beset by tech limits, high turnover and unfulfilled promise. Executives at Cadre eagerly watched SoftBank’s Vision Fund dole out billions of dollars t...
The rapid expansion of WeWork’s office-space empire caused the company’s losses to more than double in the third quarter, according to a company presentation. WeWork lost $1.25 billion in the three months that ended in September, up from $497 million in the same period a year earlier, according to the document, obtained on Wednesday by The New York Times. Revenu...
The small industrial kitchen located under a concrete maze of freeways in Oakland, California, doesn’t look like much. The former Uber Technologies Inc. employees who occupy the space picked it because it’s cheap (by Bay Area standards) and conveniently located for drivers to pick up food for nearby customers ordering from delivery apps like Uber Ea...
Global CRM company Salesforce, announced that Salesforce Ventures, its global corporate investment group, has launched a new $50m Consultant Trailblazer Fund. The new fund will provide the next generation of cloud consulting companies and digital agencies with the capital required to build and scale their Salesforce services capabilities for the future.
The Consultant Trailblazer Fund will supp...
OMERS Ventures has a new addition focused on funding the firm’s back yard. Laura Lenz joins the venture capital arm of one of Canada’s largest pension funds as partner, tasked with leading investment activity across the country. Formerly of EdgeStone Capital Partners, MaRS IAF, and most recently, Generation Ventures, Lenz brings with her almost two decades of venture experience north and sout...
LearnVest founder Alexa von Tobel and former U.S. Secretary of Commerce and billionaire heiress Penny Pritzker have raised $200 million for their venture firm Inspired Capital, the company announced on Tuesday. It is one of the biggest debut funds out of New York and an especially significant raise for a female-founded firm. Only 29% of venture capital firms with $100 million to $250 million in as...