Tag: Venture capital

Elon Musk says Tesla caused two-thirds of his personal and professional pain

Elon Musk, founder of SpaceX and chief executive officer of Tesla Inc., arrives at the Axel Springer Award ceremony in Berlin, Germany, on Tuesday, Dec. 1, 2020. Liesa Johannssen-Koppitz | Bloomberg | Getty Images Tesla CEO Elon Musk said Wednesday that his electric vehicle and solar business could help bitcoin miners switch to renewable energy, but is […]

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Digital bank Revolut valued at $33 billion in funding round led by SoftBank and Tiger Global

Nikolay Storonsky, founder and CEO of Revolut, on stage at the 2019 Web Summit technology conference in Lisbon, Portugal. Harry Murphy | Sportsfile for Web Summit via Getty Images LONDON — British fintech firm Revolut said Thursday it had raised $800 million in a new funding round led by SoftBank and Tiger Global. Revolut, which […]

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‘This feels like 1999’: Global start-up funding frenzy fuels fears of a bubble

A pile of U.S. dollar banknotes. Chris Clor | Tetra images | Getty Images In March last year, a top venture capital firm described Covid-19 as the “black swan of 2020.” “Private financings could soften significantly, as happened in 2001 and 2009,” Sequoia Capital told portfolio company founders and CEOs in a memo reminiscent of […]

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This little-known payments start-up is now Europe’s third-biggest fintech

Dutch fintech start-up Mollie’s payments platform in action. Mollie LONDON — Mollie was a relatively little-known company before Covid-19. Now, it’s one of Europe’s biggest fintechs. The Amsterdam-based online payments processor finally became a “unicorn” valued at more than $1 billion in September, more than a decade after it was founded by Dutch entrepreneur Adriaan […]

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Tesla starts using cabin cameras to make sure drivers are paying attention

Tesla CEO Elon Musk speaks during the unveiling of the new Tesla Model Y in Hawthorne, California on March 14, 2019. Frederic J. Brown | AFP | Getty Images Tesla has started using cabin cameras in some Model 3 and Model Y vehicles to make sure drivers are paying attention to the road when they […]

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