Wednesday, 21 Nov 2018
Category: social + capital

The death of once high-flying VC funds

They all started with the best of intentions. Formation 8 talked about bringing “smart enterprise” to the corporate world. Social Capital talked about how to “fix capitalism” and Binary Capital wanted to “affect global behaviour change.” Rothenberg Ventures set out to “work on the biggest problems that change the world.” Young founding partners debuting change-the-world […]

Gawker is relaunching in early 2019

After a two-year hiatus, Gawker is coming back. Peter Thiel, be damned. Bustle-owner Bryan Goldberg, who paid $1.35 million for rights to the defunct gossip site in a bankruptcy auction in July, wrote in a memo to Bustle staff Tuesday that Gawker would relaunch next year with Amanda Hale, the former chief revenue officer of […]

The mass exodus at Social Capital continues

Something is going on at Social Capital. A series of departures continued this morning at former Facebook executive Chamath Palihapitiya‘s venture capital firm, with Mike Ghaffary, a partner since August 2017, announcing he was moving on to focus on angel investing. Personal update: I’ve decided to leave Social Capital. Over the next few months, I'll focus […]

Prisma co-founders raise $1M to build a social app called Capture

Two of the co-founders of the art filter app Prisma have left to build a new social app. Prisma, as you may recall, had a viral moment back in 2016 when selfie takers went crazy for the fine art spin the app’s AI put on photos — in just a few seconds of processing. Downloads leapt, art […]