Crypto Crash Widens Divide Between Rich and Amateur Traders

No cryptocurrency investor has been spared the pain of plunging prices. But the fallout from more than $700 billion in losses is far from even.

#armstrong-brian-1983, #bitcoin-currency, #careers-and-professions, #coinbase-inc, #computers-and-the-internet, #currency, #executive-compensation, #gemini-trust-co-llc, #high-net-worth-individuals, #labor-and-jobs, #layoffs-and-job-reductions, #start-ups, #unemployment, #virtual-currency, #winklevoss-cameron, #winklevoss-tyler

Fusion Energy Advance Is Hailed by a Seattle Start-Up

Zap Energy said its experimental reactor core was ready for a milestone test. Skeptics routinely question whether the technology is currently possible.

#electric-light-and-power, #fusion-nuclear-reaction, #nuclear-energy, #research, #seattle-wash, #start-ups, #zap-energy

How Founders Decide What They Should Get Paid

Whether in a downturn or when things are flush, the compensation that start-up founders give themselves always sends some kind of message.

#executive-compensation, #labor-and-jobs, #start-ups, #wages-and-salaries

Inside a Corporate Culture War Stoked by a Crypto C.E.O.

Jesse Powell, who leads the crypto exchange Kraken, has challenged the use of preferred pronouns, debated who can use racial slurs and called American women “brainwashed.”

#bitcoin-currency, #coinbase-inc, #computers-and-the-internet, #kraken-payward-inc, #layoffs-and-job-reductions, #powell-jesse-cryptocurrency-executive, #start-ups, #virtual-currency, #workplace-environment

Crypto Firms Quake as Prices Fall

Crypto companies are laying off staff, freezing withdrawals and trying to stem losses, raising questions about the health of the ecosystem.

#banking-and-financial-institutions, #bitcoin-currency, #coinbase-inc, #computers-and-the-internet, #layoffs-and-job-reductions, #start-ups, #virtual-currency

Companies Like Nexii Are Betting on Sustainable Construction

Nexii Building Solutions in Vancouver is having significant early success, though there are potential pitfalls.

#building-construction, #concrete, #engineering-and-engineers, #factories-and-manufacturing, #greenhouse-gas-emissions, #nexii-building-solutions-inc, #start-ups, #sustainable-living, #upstart2022, #vancouver-british-columbia, #venture-capital

Thefts, Fraud and Lawsuits at the World’s Biggest NFT Marketplace

OpenSea, one of the highest-profile crypto start-ups, is facing a backlash over stolen and plagiarized nonfungible tokens.

#alex-atallah, #art, #collectors-and-collections, #computers-and-the-internet, #customer-relations, #devin-finzer, #monkeys-and-apes, #nonfungible-tokens-nfts, #opensea-ozone-networks-inc, #plagiarism, #start-ups, #venture-capital, #virtual-currency

Why SPACS Are Flailing as Market Conditions Shift

For a time, SPACs were the preferred way for companies to go public. But changing market conditions and the threat of regulation are making Wall Street lose its appetite.

#banking-and-financial-institutions, #inflation-economics, #initial-public-offerings, #interest-rates, #mergers-acquisitions-and-divestitures, #regulation-and-deregulation-of-industry, #special-purpose-acquisition-companies-spac, #start-ups

It’s Doom Times in Tech

Will this meltdown permanently damage the tech world, or is this one more temporary blip?

#computers-and-the-internet, #internal-sub-only-nl, #start-ups

Silicon Valley’s Worship of Work Hurts All of Us

Work has become religion for many knowledge workers. It hurts all of us.

#careers-and-professions, #labor-and-jobs, #places-of-worship, #religion-and-belief, #silicon-valley-calif, #start-ups, #united-states, #work-life-balance, #workplace-environment

Russian-Speakers in Tech Rebuild Their Lives in San Francisco

They moved from Russia, Ukraine, Belarus and other countries for jobs in the technology industry. Now they are joined by friends fleeing war and repression.

#belarus, #computers-and-the-internet, #google-inc, #immigration-and-emigration, #russia, #russian-invasion-of-ukraine-2022, #russian-americans, #san-francisco-calif, #san-francisco-bay-area-calif, #silicon-valley-calif, #start-ups, #ukraine

How a Trash-Talking Crypto Bro Caused a $40 Billion Crash

Do Kwon, a South Korean entrepreneur, hyped the Luna and TerraUSD cryptocurrencies. Their failures have devastated some traders, though not the investment firms that cashed out early.

#bitcoin-currency, #computers-and-the-internet, #currency, #do-kwon, #entrepreneurship, #hedge-funds, #social-media, #start-ups, #terraform-labs, #venture-capital, #virtual-currency

Start-Ups Flock to WeWork, Trellis and Other Low-Commitment Spaces

The pandemic’s arrival turned spaces like WeWork into ghost towns. Now people are lining up for low-commitment offices, and providers are working to sustain that trend.

#canopy-space-inc, #co-working, #coronavirus-return-to-office, #landlords, #real-estate-commercial, #renting-and-leasing-real-estate, #san-francisco-bay-area-calif, #start-ups, #wework-companies-inc, #workplace-environment

Startups Prescribing A.D.H.D Drugs on TikTok Raise Diagnosis Concerns

Buzzy start-ups promising easy access to mental health medication found an eager market on social media. Should anyone be looking for treatment on TikTok, though?

#adderall-drug, #anxiety-and-stress, #attention-deficit-hyperactivity-disorder, #computers-and-the-internet, #content-type-service, #depression-mental, #drugs-pharmaceuticals, #mental-health-and-disorders, #online-advertising, #psychiatry-and-psychiatrists, #ritalin-drug, #social-media, #start-ups

Fear and Loathing Return to Tech Start-Ups

Workers are dumping their stock, companies are cutting costs, and layoffs abound as troubling economic forces hit tech start-ups.

#computers-and-the-internet, #entrepreneurship, #initial-public-offerings, #interest-rates, #layoffs-and-job-reductions, #start-ups, #stocks-and-bonds, #venture-capital

Bolt Built $11 Billion Payments Business With Inflated Metrics and Eager Investors

The start-up has had a meteoric rise, thanks to its charismatic co-founder, Ryan Breslow. But he sometimes stretched the truth to get there.

#advertising-and-marketing, #authentic-brands-group, #blackrock-inc, #brooks-brothers, #e-commerce, #entrepreneurship, #fashion-and-apparel, #forever-21, #shopify-inc, #shopping-and-retail, #stanford-university, #start-ups, #stripe-inc, #venture-capital

For Tens of Millions of Americans, the Good Times Are Right Now

Their houses are piggy banks, their retirement accounts are up and their bosses are eager to please. When the boom ends, everything will change.

#computers-and-the-internet, #entrepreneurship, #finances, #income-inequality, #inflation-economics, #labor-and-jobs, #real-estate-and-housing-residential, #recession-and-depression, #start-ups, #united-states-economy

SoulCycle Founders Start Peoplehood, With Workouts for the Self

For their second act, the fitness entrepreneurs Julie Rice and Elizabeth Cutler are building a company centered on workouts for the self.

#cutler-elizabeth-plamondon, #rice-julie, #soulcycle-llc, #start-ups, #therapy-and-rehabilitation

How Elon Musk Winged It With Twitter, and Everything Else

To a degree unseen in any other mogul, the world’s richest man acts on impulse and the belief that he is absolutely right.

#appointments-and-executive-changes, #computers-and-the-internet, #content-type-personal-profile, #driverless-and-semiautonomous-vehicles, #electric-and-hybrid-vehicles, #engineering-and-engineers, #entrepreneurship, #musk-elon, #musk-kimbal, #private-spaceflight, #securities-and-commodities-violations, #social-media, #space-exploration-technologies-corp, #start-ups, #suits-and-litigation-civil, #taylor-bret, #tesla-motors-inc, #twitter

European Green Energy Firms Often Fall Short on Financing

Financing the next generation of green energy technologies means larger investments and getting venture capitalists to turn their attention away from “fast money.”

#alternative-and-renewable-energy, #batteries, #bitner-jakob, #breakthrough-energy-coalition, #energy-and-power, #europe, #european-union, #fadell-anthony-m, #global-warming, #greenhouse-gas-emissions, #innovation, #start-ups, #voltstorage

Gopuff Buys Time for Its 30-Minutes-or-Less Delivery Promise

The $15 billion rapid-delivery start-up decided to do business differently from rivals like Instacart. A changing environment is testing its model.

#computers-and-the-internet, #delivery-services, #freelancing-self-employment-and-independent-contracting, #gopuff, #instacart, #labor-and-jobs, #layoffs-and-job-reductions, #philadelphia-pa, #shopping-and-retail, #start-ups, #venture-capital, #warehouses, #yakir-gola

Russian Tech Industry Faces ‘Brain Drain’ as Workers Flee

Since their country invaded Ukraine, Russian tech workers have left by the thousands. They appear intent on rebuilding their lives and businesses in other countries.

#computers-and-the-internet, #embargoes-and-sanctions, #immigration-and-emigration, #kroshkina-dasha, #latvia, #mishustin-mikhail-v, #pachikov-stepan, #relocation-of-business, #russia, #russian-invasion-of-ukraine-2022, #science-and-technology, #siniushin-konstantin, #software, #start-ups, #studyfree, #yerevan-armenia

The Home Cooks (and Start-Ups) Betting on Prepared Meals

Tens of billions of dollars are being spent on what, where and how consumers will eat in the coming years. Laws and regulations aren’t always keeping up.

#cooking-and-cookbooks, #food, #health-and-mental-hygiene-department-nyc, #quarantine-life-and-culture, #restaurants, #start-ups

‘La French Tech’ Arrives Under Macron, but Proves No Panacea

The president has brought innovation, jobs and growth. Still, resentments fester on the eve of the presidential election.

#alphabet-inc, #amazon-com-inc, #computers-and-the-internet, #deepmind-technologies-ltd, #deliveroo-roofoods-ltd, #e-commerce, #economic-conditions-and-trends, #elections, #entrepreneurship, #facebook-inc, #foreign-investments, #france, #google-inc, #income-inequality, #labor-and-jobs, #le-pen-marine, #macron-emmanuel-1977, #politics-and-government, #start-ups, #unemployment, #unemployment-insurance

Tech Start-Up Aims to Get Artists Royalties for Resale

Fairchain generates digital contracts and certificates of title and authenticity, allowing artists to track their work and share in secondary market proceeds.

#art, #blockchain-technology, #copyrights-and-copyright-violations, #fairchain-fairplay-group-ltd, #royalties, #start-ups

Theranos Trial Starts for Ramesh Balwani, Elizabeth Holmes’s Ex-Partner

Prosecutors say Ramesh Balwani worked hand in hand with Elizabeth Holmes, the Theranos chief executive, who was convicted of four counts of fraud.

#balwani-ramesh, #frauds-and-swindling, #holmes-elizabeth-1984, #start-ups, #tests-medical, #theranos-inc

Some of the Tech Magic Is Gone

The bubble hasn’t exactly burst, but we’re no longer seeing a fantastical belief in the power of technology.

#computers-and-the-internet, #internal-sub-only-nl, #start-ups, #stocks-and-bonds

Ben and Justin Smith Name Gina Chua as Executive Editor at News Start-Up

Ms. Chua has been the executive editor of Reuters and in charge of its editorial operations.

#appointments-and-executive-changes, #bloomberg-media-group, #chua-gina, #new-york-times, #news-and-news-media, #smith-ben, #smith-justin-b, #start-ups, #thomson-reuters-corporation

Elizabeth Holmes’s Ex-Boyfriend Set to Go on Trial in Theranos Case

Jury selection was set to start today in Sunny Balwani’s fraud trial, which will establish just how much he knew about the blood-testing start-up Theranos and Ms. Holmes’s actions.

#balwani-ramesh, #computers-and-the-internet, #dating-and-relationships, #entrepreneurship, #frauds-and-swindling, #holmes-elizabeth-1984, #start-ups, #tests-medical, #theranos-inc

Hollywood Bets Big on the Bad Entrepreneur

With limited series like “The Dropout,” “WeCrashed” and “Super Pumped,” the culture is saturated with ripped-from-the-headlines tales of self-immolating moguls.

#computers-and-the-internet, #entrepreneurship, #facebook-inc, #holmes-elizabeth-1984, #inventing-anna-tv-program, #kalanick-travis, #neumann-adam, #sorokin-anna-anna-delvey, #start-ups, #super-pumped-tv-program, #television, #the-dropout-tv-program, #the-social-network-movie, #theranos-inc, #uber-technologies-inc, #wecrashed-tv-program, #wework-companies-inc, #zuckerberg-mark-e

Anonymity in Crypto Raises Alarm

Investors give money to pseudonymous developers. Venture capitalists back founders without learning their real names. What happens when they need to know?

#blockchain-technology, #computers-and-the-internet, #engineering-and-engineers, #entrepreneurship, #names-personal, #nonfungible-tokens-nfts, #start-ups, #venture-capital, #virtual-currency

A Spotlight on Tech’s Invisible Start-ups

A new how-to guide aims to support the start-ups that are chugging along and doing just fine.

#computers-and-the-internet, #entrepreneurship, #internal-sub-only-nl, #start-ups

Gorillas, the Rapid Delivery Service, Is Changing Berlin. Is N.Y.C. Next?

In Germany’s capital, workers are striking, congestion is on the rise and the German bodega — the spätkauf — is under threat.

#berlin-germany, #convenience-stores, #delivery-services, #doordash-mobile-app, #gopuff, #gorillas, #jokr-sarl, #labor-and-jobs, #mobile-applications, #new-york-city, #start-ups

NASA-Funded Satellites Lost in Setback for Astra, a Small Rocket Launch Start-Up

The mission’s failure to reach orbit highlighted the challenges of breaking into the space business, especially for companies that are publicly traded on the stock market.

#astra-space-inc, #florida, #national-aeronautics-and-space-administration, #private-spaceflight, #rocket-science-and-propulsion, #satellites, #space-and-astronomy, #start-ups

Facebook’s Failures of Invention

We’re seeing the limits of Facebook’s strategy to buy or copy other people’s best ideas.

#computers-and-the-internet, #facebook-inc, #instagram-inc, #meta-platforms-inc, #metaverse-internet, #mobile-applications, #news-and-news-media, #snap-inc, #social-media, #start-ups, #zuckerberg-mark-e

Cremation Borrows a Page From the Direct-to-Consumer Playbook

With names like Solace, Tulip and Eirene, start-ups are hoping to make cremation the next big at-home purchase.

#computers-and-the-internet, #cremation, #customer-relations, #e-commerce, #eirene-cremations-inc, #funerals-and-memorials, #morgues-and-mortuaries, #solace-cremation, #start-ups, #tulip-cremation-inc

Marcelo Claure Is Leaving SoftBank

Marcelo Claure became a close confidant of SoftBank’s founder and played a singular role at the Japanese conglomerate. He was seeking roughly $2 billion over several years.

#appointments-and-executive-changes, #claure-marcelo, #executive-compensation, #japan, #softbank-corporation, #son-masayoshi, #sprint-nextel-corporation, #start-ups, #uber-technologies-inc, #wework-companies-inc

In Defense of Venture Capitalism

Silicon Valley’s big investors are not like the rest of us.

#entrepreneurship, #innovation, #start-ups, #theranos-inc, #venture-capital

Tech Start-Ups Reach a New Peak of Froth

There’s more money and more bubbly behavior. Investors insist it’s rational.

#computers-and-the-internet, #coronavirus-2019-ncov, #entrepreneurship, #initial-public-offerings, #silicon-valley-calif, #start-ups, #venture-capital

Can Anyone Satisfy Amazon’s Craving for Electric Vans?

The company has big plans to turn its delivery fleet green. But very few of the vehicles are made right now.

#amazon-com-inc, #automobiles, #canoo-inc, #carbon-dioxide, #delivery-services, #e-commerce, #electric-and-hybrid-vehicles, #general-motors, #greenhouse-gas-emissions, #rivian-automotive-llc, #start-ups, #stellantis-nv, #vans

What It Was Like on the Elizabeth Holmes Jury for 18 Weeks

Away from the media frenzy, jurors dealt with the trial’s disruption to their lives and had little idea of the case’s implications.

#computers-and-the-internet, #entrepreneurship, #frauds-and-swindling, #holmes-elizabeth-1984, #jury-system, #start-ups, #tests-medical, #theranos-inc, #venture-capital, #work-life-balance

Mistrial Declared for Three Counts in Elizabeth Holmes Trial

The three hung counts were related to investments from three Theranos investors who testified that Ms. Holmes misled them.

#decisions-and-verdicts, #frauds-and-swindling, #holmes-elizabeth-1984, #start-ups, #tests-medical, #theranos-inc, #venture-capital

Why Silicon Valley Can’t Escape Elizabeth Holmes

Ms. Holmes, the founder of Theranos, wasn’t a creature of Silicon Valley, or so the refrain went. But her fraud trial showed otherwise.

#computers-and-the-internet, #frauds-and-swindling, #high-net-worth-individuals, #holmes-elizabeth-1984, #news-and-news-media, #silicon-valley-calif, #start-ups, #theranos-inc, #venture-capital

Theranos Founder Elizabeth Holmes Found Guilty of Four Counts of Fraud

The case against the founder of the failed blood testing start-up Theranos came to symbolize the pitfalls of Silicon Valley’s culture of hustle and hype.

#computers-and-the-internet, #domestic-violence, #falsification-of-data, #frauds-and-swindling, #high-net-worth-individuals, #holmes-elizabeth-1984, #start-ups, #tests-medical, #theranos-inc

The Epic Rise and Fall of Elizabeth Holmes

In Silicon Valley’s world of make-believe, the philosophy of “fake it until you make it” finally gets its comeuppance.

#careers-and-professions, #computers-and-the-internet, #fitzgerald-f-scott, #frauds-and-swindling, #holmes-elizabeth-1984, #jobs-steven-p, #silicon-valley-calif, #start-ups, #tests-medical, #theranos-inc

Jurors Set to Deliberate for Seventh Day in Elizabeth Holmes Trial

Ms. Holmes, the founder of the blood-testing start-up Theranos, is accused of deceiving investors, patients and advertisers.

#frauds-and-swindling, #holmes-elizabeth-1984, #securities-and-commodities-violations, #start-ups, #theranos-inc, #venture-capital

What to Know Ahead of Day 6 of Elizabeth Holmes Trial Deliberations

Ms. Holmes, the founder of the blood testing start-up Theranos, is accused of deceiving investors, patients and advertisers.

#frauds-and-swindling, #holmes-elizabeth-1984, #silicon-valley-calif, #start-ups, #theranos-inc, #venture-capital

What to Know Ahead of Day 5 of Elizabeth Holmes Trial Deliberations

Elizabeth Holmes, the founder of the failed blood testing start-up Theranos, is accused of lying about its technology.

#frauds-and-swindling, #holmes-elizabeth-1984, #start-ups, #tests-medical, #theranos-inc, #venture-capital

The 2021 Good Tech Awards

This year, technology companies stepped up on housing and criminal justice — with a dash of whistle-blowers mixed in.

#3-d-devices-and-effects, #3-d-printers, #computers-and-the-internet, #coronavirus-2019-ncov, #criminal-justice, #deepmind-technologies-ltd, #haugen-frances, #meat, #nonprofit-organizations, #philanthropy, #scott-mackenzie, #social-media, #start-ups, #whistle-blowers