Day: February 7, 2020

There’s this brilliant feeling on Fridays if you’re a reporter when you think that all the things you have to write about are complete. You kickstart some work for Monday. Maybe you tighten up a to-do list. Hell, you might even read some email. But then on Fridays like today, something eye-catching happens and the […]

Donny Hall, the chief executive and co-founder of the used car certification service, SureSale, knows used cars. The serial entrepreneur built and sold a previous business, CarSure, which was an insurance plan for vehicle repairs. After selling that business in 2017 to Innovative Aftermarket Systems, Hall decided that his next venture would be to take […]

The White House is pushing to dedicate an additional billion dollars to fund artificial intelligence research, effectively doubling the budget for that purpose outside of Defense Department spending, Reuters reported today, citing people briefed on the plan. Investment in quantum computing would also receive a major boost. The 2021 budget proposal would reportedly increase AI […]

SoftBank, the technology conglomerate that transformed the venture capital industry and made waves in the technology world with its $100 billion Vision Fund, may not be able to repeat the performance or sustain its revolutionary approach to tech investing, The Wall Street Journal reports. According to the Journal, SoftBank may only be able to raise […]

B Capital Group, formed in 2015 by Facebook co-founder Eduardo Saverin and Raj Ganguly, formerly of Bain Capital, has been quietly building its business since closing its first fund with $360 million in capital commitments, anchored by the management consulting giant Boston Consulting Group. Already the firm, which is investing out of its second $410 […]

Four senators, including Ted Cruz (R-TX), have asserted that, as a consequence of sanctions placed on Iran, Twitter must cease providing its services to Ayatollah Khamenei and other leaders in the country. “The Ayatollah enjoys zero protection from the United States Bill of Rights,” he wrote in a letter to the company. Although the move […]

Fredrick Lee Contributor Share on Twitter Fredrick “Flee” Lee is chief information security officer at Gusto, the people platform for 100,000 small businesses nationwide. He previously led security at Square after holding senior security roles at Bank of America, Twilio and NetSuite. When the California Consumer Privacy Act (CCPA) rolled out on January 1st, many […]

With Casper’s public offering earlier this week, we’ve closed the book on the first two venture-backed IPOs of note in 2020. Casper, joined by One Medical, carried over $870 million of private capital, venture and otherwise, across the finish line. Even though each IPO featured an unprofitable tech-enabled business that had posted sub-30% growth and […]

Marc Gilman Contributor Share on Twitter Marc Gilman is general counsel and VP of compliance at Theta Lake. He is also an adjunct professor at Fordham University School of Law. More posts by this contributor The startups creating the future of RegTech and financial services The expanding scope of fintech has been well documented in […]

The American Civil Liberties Union plans to fight newly revealed practices by the Department of Homeland Security which used commercially available cell phone location data to track suspected illegal immigrants. “DHS should not be accessing our location information without a warrant, regardless whether they obtain it by paying or for free. The failure to get […]