After a decade of record-setting growth, expectations were high for the venture industry in 2020. Instead, this has become a year the likes of which the world has never seen. As VC faces a fundamentally altered reality amid the effects of the coronavirus pandemic,...
Uber Technologies Inc. agreed to buy Postmates Inc. for $2.65 billion to expand in food delivery after the coronavirus pandemic cratered demand for ride-hailing, its main business, and an earlier attempt to acquire Grubhub foundered. The all-stock deal is a modest...
In recent years, there has been a glamorization in startup culture and owning a company backed by investors. A “garage to riches” story is inherently more interesting than a founder talking about whether they should dip into their savings to float their business...
After more than three months of not being able to serve either food or drinks, KKR-owned Casual Dining Group (CDG), one of the UK’s largest restaurant groups, collapsed into administration, a form of bankruptcy under UK law, on Thursday. The company, which owns the...
The relationship between venture capitalists and founders is well discussed and understood. But another side is also critical in venture capital: the VC’s relationship with limited partners, or LPs—the ones providing the money that fund managers invest. ...
