Sarah McBride
Stories by Sarah McBride
Burgers, digital pharmacy said to draw SoftBank Vision Fund 2’s attention
Among the startups that SoftBank is weighing investments in are Alto Pharmacy, Creator and Memphis Meats.
WeWork said to prefer JPMorgan lifeline over SoftBank rescue
WeWork's preferred option is a roughly $5 billion financing package led by JPMorgan, which may include at least $2 billion of unsecured payment-in-kin
MIT to review AI project with SenseTime after US blacklists Chinese firm
MIT is an investor in Qiming Venture Partners, a backer of Megvii Technology. Megvii also landed on the US blacklist.
SoftBank’s Son to tap COO Marcelo Claure to help turn around WeWork
In Claure, Son would be tapping an executive with a track record of fixing companies and overseeing his firm’s investments.
WeWork’s new co-CEOs will seek to bring order to the chaos caused by botched IPO
They must also soothe anxious investors, leery of the company’s huge expenses, its history of unconventional governance structures and persistent in
Key backer SoftBank pushes WeWork to postpone its IPO amid serious concerns
SoftBank is pressing WeWork to postpone the stock offering after investors expressed serious concerns about the business and its corporate governance.
Venture capital firm Accel is said to raise $2.5b for new funds
The flagship Accel XIV fund totals $525 million, up from $500 million in 2016. Accel also raised a growth fund of $1.5 billion, up from $1.2 billion,
SoftBank said to be working on LatAm fund to be run by COO Claure
The vehicle is likely to focus on venture investments and will be separate from SoftBank’s huge Vision Fund.
At $55b, venture funds in US raise most in 2018 since dotcom boom
VC funds in the U.S. raised $55.5 billion from investors last year, according to a new report from the National Venture Capital Association and Pitch
Goldman Sachs backs NEA’s unusual $1.4b VC spin-off fund
Ravi Viswanathan said he’s leaving NEA to run the newly hatched operation, called NewView Capital. His mandate was to take startups that were sittin
