Posts filtered by tags: Andreessen Horowitz[x]


 

Silicon Valley startups are being forced to cut costs or die in the worst financial crisis in a generation. Here are the investors whose companies are feeling it the worst.

According to PitchBook data, a handful of top-tier Silicon Valley venture-capital firms have startups that are bearing the brunt of the current financial crisis. Many startups are experiencing the first, and likely the worst, financial crisis in a generation, and about 60 companies have had to cut costs and lay off employees to stay afloat. NEA and Founders Fund each have 14 companies that have conducted sweeping layoffs or shuttered entirely. No stage was spared, as early-stage investors and ...
Tags: Texas, Trends, Andreessen, Austin, Silicon Valley, Andreessen Horowitz, IVP, Kleiner Perkins, Nea, Accel, Sequoia, PitchBook, Silverton Partners, Capital Factory, US Blue


Investor survey results: Upcoming trends in social startups

Voice-based social networks and gaming as a new form of identity were amongst the top emerging trends in consumer social startups, according to an Extra Crunch survey of top social tech investors. Meanwhile, anonymity and dating apps with a superfluous twist were spaces where investors were most pessimistic. Extra Crunch assembled a list of the most prolific and well-respected investors in social. Many have funded or worked for the breakout companies changing the way we interact with other peopl...
Tags: Social, Fundings & Exits, Startups, TC, Social Networks, Funding, Tech, Venture Capital, Andreessen Horowitz, Marketplaces, CRV, Investor Surveys, Investor Survey, Moore Justine Moore


Demand for same-day pay is exploding amid record joblessness. Here are 4 startups that could benefit.

Demand for same-day pay has gone up amid the coronavirus pandemic, which has led to record jobless claims in the US. In recent years startups, like Earnin and DailyPay, have cropped up offering earned wage access, which is the ability for workers to draw on their earned pay between paychecks. While these startups are seeing a decline in the number of hours worked across their user bases, they're seeing a surge in demand for their product. We talked to the CEOs at DailyPay, Earnin, Even and Pay...
Tags: UK, Softbank, US, Trends, Walmart, WeWork, Andreessen Horowitz, Federal Reserve, Shah, Mullen, Wendy, Morris, QSR, Palaniappan, Schlossberg, Jon Schlossberg


Venture-backed startups are laying off thousands of tech workers as the coronavirus strains finances. Here's a list of all of the startups that are cutting headcount.

Venture-backed startups have begun laying off employees, as the coronavirus and the subsequent economic shutdown has wreaked havoc on companies large and small.  Business Insider is keeping a list of running list of startups that are slashing headcount.  Visit Business Insider's homepage for more stories. Technology $1.5 billion ZipRecruiter just laid off hundreds only days after the CEO said the economy was headed for a steep increase in hiring after the end of the coronavirus The CE...
Tags: Softbank, Trends, Brookfield, Airbnb, Victoria, Andreessen Horowitz, Electric, Coca Cola, Business Insider, Kevin Durant, Reilly Media, Iris Nova, Popin


Hot startups like Bird, Wonderschool, and ZipRecruiter have been doing layoffs via massive video calls. Here's the humane process you can follow instead.

Layoffs at some high-profile startups — including Bird, Wonderschool, and ZipRecruiter — were announced via mass video calls. Experts say that's hardly best management practice. Even during an extended period of remote work, you can conduct layoffs with respect and compassion. One strategy is to arrange one-on-one meetings with managers and employees. Mishandling layoffs could hurt a brand's reputation in the long term. Click here for more BI Prime content. On March 27, employees at the buzzy...
Tags: Amazon, Travis Vanderzanden, Taylor Swift, La, Trends, New York Times, Bird, Andreessen Horowitz, Alva, Don, Morris, SIEGEL, Erin Griffith, Joel Gascoigne, ZipRecruiter, Ian Siegel


Demand for same-day pay is exploding amid record joblessness. Here are 4 startups that are poised for a surge in demand.

Demand for same-day pay has gone up amid the coronavirus pandemic, which has led to record jobless claims in the US. In recent years startups, like Earnin and DailyPay, have cropped up offering earned wage access, which is the ability for workers to draw on their earned pay between paychecks. While these startups are seeing a decline in the number of hours worked across their user bases, they're seeing a surge in demand for their product. We talked to the CEOs at DailyPay, Earnin, Even and Pay...
Tags: UK, Softbank, US, Trends, Walmart, Andreessen Horowitz, Federal Reserve, Shah, Mullen, Wendy, Morris, QSR, Palaniappan, Schlossberg, Jon Schlossberg, PayActiv


Demand for same-day pay is exploding amid record joblessness. Here are 4 startups that could be on the forefront of a payday revolution.

Demand for same-day pay has gone up amid the coronavirus pandemic, which has led to record jobless claims in the US. In recent years startups, like Earnin and DailyPay, have cropped up offering earned wage access, which is the ability for workers to draw on their earned pay between paychecks. While these startups are seeing a decline in the number of hours worked across their user bases, they're seeing a surge in demand for their product. We talked to the CEOs at DailyPay, Earnin, Even and Pay...
Tags: UK, Softbank, US, Trends, Walmart, Andreessen Horowitz, Federal Reserve, Shah, Mullen, Wendy, Morris, QSR, Palaniappan, Schlossberg, Jon Schlossberg, PayActiv


The coronavirus is a 'watershed moment' for how people want to get paid, according to 4 wage-advance startups that raised hundreds of millions from top VCs

Demand for same-day pay has gone up amid the coronavirus pandemic, which has led to record jobless claims in the US. In recent years, startups like DailyPay and Earnin have cropped up offering earned wage access, which is the ability for workers to draw on their earned pay between paychecks. While these startups are seeing a decline in the number of hours worked across their user bases, they're seeing a surge in demand for their product. The startups expect that the financial stress caused by ...
Tags: UK, Softbank, US, Trends, Walmart, WeWork, Andreessen Horowitz, Federal Reserve, Shah, Mullen, Wendy, Morris, QSR, Palaniappan, Schlossberg, Jon Schlossberg


Doctor-staffing startups boom in usage as healthcare systems scramble to respond to the pandemic

Health tech startups that help healthcare workers find shifts have boomed as the UK rallies medical professionals to cope with the coronavirus pandemic.  Locum's Nest, a UK app that helps connect physicians to work, has seen a 37% month-to-month spike due to COVID-19. "Tech is breaking down the silos that exist in the medical profession and we are encouraging transparency and accountability," Dr Ahmed Shahrabani, CEO and cofounder of Locum's Nest told Business Insider in an interview. Click he...
Tags: UK, China, Trends, NHS, Beverly Hills, Andreessen Horowitz, Jeff Bezos, Locum, Ahmed Shahrabani, COVID, Anas Nader, Locum s Nest, Patchwork Health


This Andreessen Horowitz-backed startup has raised $22 million to fight coronavirus disinformation in China and the US. Here's how Arweave tackles fake news and censorship.

Berlin-based Arweave is a startup which is building a decentralized internet archive that it calls its 'permaweb.' This permaweb contains information from across the globe that Arweave says cannot be changed, bypassing censorship or disinformation.  Arweave is backed by Andreessen Horowitz and says it is helping people in China accurately report on the coronavirus crisis. Click here for more BI Prime stories. Berlin-based startup Arweave hopes to change an internet dominated by misinformation...
Tags: UK, China, Germany, Berlin, US, Trends, George Orwell, Williams, Beverly Hills, Andreessen Horowitz, Jeff Bezos, Wuhan, Union Square Ventures, Business Insider, Soviet Union, University of Kent


4 startups that have collectively raised $300 million explain how the coronavirus is a 'watershed moment' for instant paycheck cashouts

Demand for same-day pay has gone up amid the coronavirus pandemic, which has led to record jobless claims in the US. In recent years, startups like DailyPay and Earnin have cropped up offering earned wage access, which is the ability for workers to draw on their earned pay between paychecks. While these startups are seeing a decline in the number of hours worked across their user bases, they're seeing a surge in demand for their product. The startups expect that the financial stress caused by ...
Tags: UK, Softbank, US, Trends, Walmart, WeWork, Andreessen Horowitz, Federal Reserve, Shah, Mullen, Wendy, Morris, QSR, Palaniappan, Schlossberg, Jon Schlossberg


An unprecedented wave of layoffs, what you need to know about the stimulus bill, and what comes next

Hello! This was the week that the economic toll of the coronavirus pandemic really became clear. On Thursday, the Labor Department revealed that around 3.3 million Americans filed for unemployment benefits in the week ending March 21, a record high. As Joseph Zeballos-Roig reported, the true unemployment number is likely much higher.  The scale and speed of the surge in unemployment is striking. For many in corporate America, the dramatic turn of events has meant layoffs via virtual meeting. He...
Tags: Amazon, UK, Texas, Softbank, US, America, Trends, Tesla, Yale, Brookfield, Silicon Valley, Airbnb, Norway, Halliburton, WeWork, Andreessen Horowitz


$1.5 billion ZipRecruiter just laid off hundreds only days after the CEO told employees the business wasn't impacted by the coronavirus

Online job-hub company ZipRecruiter laid off 443 employees and furloughed dozens on Friday, just a few days after the CEO said in an all-hands meeting that the company was on track to hit its second-quarter revenue goals and wouldn't be affected by the coronavirus.  The cuts hit across departments, including engineering and about two-thirds of the enterprise team, which works with big clients. Executives impacted included the chief marketing officer. ZipRecruiter last raised $156 million in an...
Tags: UK, La, Israel, US, Trends, WeWork, Andreessen Horowitz, IVP, Signal, Santa Monica California, SIEGEL, US Canada, Wellington Management, ZipRecruiter, Ian Siegel, Knotel


$1.5 billion ZipRecruiter just laid off hundreds only days after the CEO said the economy was headed for a steep increase in hiring after the end of the coronavirus

Online job-hub company ZipRecruiter laid off 443 employees and furloughed dozens on Friday, days after the CEO said the business was safe, said two employees who attended the meeting.  The cuts hit across departments, including engineering and about two-thirds of the enterprise team, which works with big clients.  ZipRecruiter last raised $156 million in an October 2018 Series B funding round led by Wellington Management and IVP that valued the company at $1.5 billion.  Visit BI Prime for more...
Tags: UK, La, Israel, US, Trends, WeWork, Andreessen Horowitz, IVP, Signal, Business Insider, Santa Monica California, SIEGEL, US Canada, Wellington Management, ZipRecruiter, Ian Siegel


Andreessen Horowitz-backed startup Arweave says its decentralized 'permaweb' is fighting coronavirus misinformation in China

Berlin-based Arweave is a startup which is building a decentralized internet archive that it calls its 'permaweb.' This permaweb contains information from across the globe that Arweave says cannot be changed, bypassing censorship or disinformation.  Arweave is backed by Andreessen Horowitz and says it is helping people in China accurately report on the coronavirus crisis. Click here for more BI Prime stories. Berlin-based startup Arweave hopes to change an internet dominated by misinformation...
Tags: UK, China, Germany, Berlin, Trends, George Orwell, Williams, Andreessen Horowitz, Wuhan, Union Square Ventures, Business Insider, Soviet Union, University of Kent, Weibo China, Sam Williams, Techstars Berlin


'It was my decision': TripActions CEO said it's slashing benefits, closing offices, and its cofounders are cutting their pay in half just days after laying off one-fourth of its workforce

The $4 billion corporate travel startup TripActions is making several cuts in addition to laying off employees in an effort to outlast the global halt to travel, cofounder and CEO Ariel Cohen told Business Insider. The Andreessen-backed startup is implementing pay cuts for remaining employees, removing its fitness stipend, and closed its Chicago office, effective Thursday.  The startup cut 296 employees on Tuesday via a companywide Zoom meeting, a situation that Cohen said was challenging but ...
Tags: Europe, Elon Musk, US, San Francisco, Trends, Andreessen, Chicago, United States, Silicon Valley, Andreessen Horowitz, Lightspeed Venture Partners, Business Insider, Cohen, Ariel Cohen, Tripactions, Ariel Cohen Cohen


Dropbox is temporarily halting its recruiting efforts, in a blow for tech workers seeking jobs as startups ramp up mass layoffs

Dropbox has temporarily halted all recruiting efforts as the company works through the challenges of integrating new hires remotely, Business Insider has learned.  "In order to ensure we're onboarding new hires effectively and managing the strain on these teams during the shelter-in-place orders in effect across the globe, we've paused recruiting efforts temporarily," a Dropbox spokesperson confirmed.  The file-sharing service is continuing to honor all pending offers and ongoing interview pro...
Tags: Google, Facebook, Trends, Linkedin, Nasa, Dropbox, Andreessen Horowitz, Marc Benioff


Brex just open-sourced its recession contingency plans. Here's how the $2.6 billion credit card startup is preparing to weather ongoing economic uncertainty.

Brex, the $2.6 billion credit card startup, hosted a webinar Tuesday for other startups that were planning to fundraise in early 2020. With recession bells already ringing, many startups are concerned that venture capital funding may be hard to come by through the end of 2020 and could spell disaster for young companies. Brex has spent the better part of the last 12 months developing a series of community-oriented initiatives, like its members lounge and extensive programming, among its cohort...
Tags: Trends, Silicon Valley, Andreessen Horowitz, Tannenbaum, South Park Cafe, Michael Tannenbaum, Brex, Henrique Dubugras, Dubugras, COVID


Andreessen Horowitz-backed Wonderschool just laid off 75% of staff on a Zoom call, telling employees the coronavirus could dry up any more funding for 2 years

Wonderschool, a childcare startup that's backed by Andreessen Horowitz, has laid off 75% of its staff, Business Insider has learned. Wonderschool's CEO said in a tweet that the layoffs were the result of the coronavirus pandemic's effects on its business. The company helps day-care centers enroll kids and manage their programs from a web app. "This decision to part ways w/ valued members of our team was not at all a reflection on these individuals and their work, but rather, the reality that w...
Tags: New York City, San Francisco, Trends, Andreessen Horowitz, Bennett, Chris Bennett, San Francisco Bay Area Most, Wonderschool, CB Insights There, Tripactions, COVID


Online marketplace OfferUp raises $120M, acquires top competitor letgo

OfferUp, a top online and mobile marketplace app, announced this morning it’s raising $120 million in a new round of funding led by competiting marketplace letgo’s majority investor, OLX Group, and others. As a part of the deal, OfferUp will also be acquiring letgo’s classified business, with OLX Group gaining a 40% stake in the newly combined entity. Other investors in the new round include existing OfferUp backers Andreessen Horowitz and Warburg Pincus. The funds will be put towards continu...
Tags: Google, Fundings & Exits, TC, Mobile, Ecommerce, Apps, Marketplace, Funding, America, Selling, Tech, E-commerce, Online Shopping, Andreessen Horowitz, North America, Buying


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Wednesday. Facebook's ads business is being hurt by coronavirus — even though the lockdown has caused unprecedented usage. Much of the activity is on unmonetized services, while advertisers are pulling back due to the pandemic. Startup founders say investors are using the coronavirus to renege on term sheets. Founders and other investors described how some VCs were responding to the crisis by lowering valuations and backing away from de...
Tags: Apple, Google, Amazon, Facebook, Microsoft, Softbank, Trends, Startup, Bloomberg, Tim Cook, Pentagon, Andreessen Horowitz, Louisiana, Abu Dhabi, Donald Trump, Defense Department


TripActions, the $4 billion Andreessen Horowitz-backed corporate travel startup, just laid off 350 employees as the travel industry grinds to a halt

TripActions, the corporate travel startup backed by Andreessen Horowitz's massive $2.2 billion growth fund, laid off 350 employees across business divisions on Tuesday, Business Insider has learned. The company had over 1,000 employees prior to the cuts, according to startup database PitchBook, which would mean that the layoffs affected roughly a third of its workforce. The startup was valued at $4 billion after the Andreessen-led funding round in June and took on a $500 million in debt financ...
Tags: Google, Softbank, Trends, Andreessen, Silicon Valley, WeWork, Andreessen Horowitz, Signal, Watch Google


Former founders of SocialRank have launched a job board for COVID-19 layoffs

The COVID-19 pandemic has already triggered a number of layoffs across industries, from travel companies to scooter startups. But, as a gray footnote to all tragedies, we’re starting to see innovation pop through the cracks — and hopefully help some people, as well. Back in November, Alexander Taub and Michael Schonfeld launched Upstream, a social media platform for professionals, to a small group of roughly 800 beta testers. The goal was to give folks a place to network and ask for introduct...
Tags: TC, Facebook, Linkedin, Tech, Andreessen Horowitz, Hiring, Slack, Bain Capital Ventures, Socialrank, Taub, Homebrew, Hunter Walk, Discord, Alexander Taub, Schonfeld, LinkedIn Once


‘Cloud-first’ game studio Mainframe raises $8.1M led by Andreessen Horowitz

With most new social media startups seeming to dial in on specific communities to thrive in a still Facebook-dominated sphere, some of the more broadly focused social investments from top VCs are going into online gaming. The latest is Mainframe Industries, a Nordic game studio building a massively multiplayer online title. The team doesn’t have much to share of what their title will actually look like gameplay-wise, they’re just saying its a sandbox MMO designed for cloud streaming built on Epi...
Tags: Google, TC, Gaming, Facebook, Microsoft, Tech, Andreessen Horowitz, Singularity, Reykjavik, Helsinki, Chen, Gunnarsson, Roblox, A16z, Sisu Game Ventures, Mainframe Industries


A San Francisco startup helps hospitals recruit nurses through automation. Here's the pitch deck it used to raise $15 million.

Incredible Health helps hospitals find and hire nurses. Its system automatically sorts through nursing candidates and aims to cut the time it takes to hire by more than half.   The San Francisco-based startup recently raised a $15 million Series A using the pitch deck below.  Click here for more BI Prime stories. Even before the coronavirus pandemic started straining the US healthcare system, a nationwide shortage of nurses meant that hospitals were having a tough time finding and hiring the ...
Tags: La, US, America, San Francisco, Trends, Austin, Andreessen Horowitz, Illinois, Business Insider, California Texas Florida, Iman Abuzeid, Rome Portlock, Abuzeid, Incredible Health


Where top VCs are investing in remote events

The novel coronavirus pandemic has rapidly moved companies into a remote-first world. Nearly all of the world’s largest events have been canceled, put on pause or pivoted to online-only. In the tech world, event cancellations thus far have included SXSW, GDC, Mobile World Congress, Google I/O, Facebook F8, E3 and others. As more and more hosts consider staging fully remote events as possible alternatives, we decided to take a deeper look into the venture-backed startups focused on supporting lar...
Tags: Fundings & Exits, Startups, Video, Events, Tech, Fundraising, Venture Capital, Virtual Reality, Andreessen Horowitz, TechStars, Northzone, Paul Murphy, Conferences, Accel Partners, Index Ventures, Connie Chan


10 ways to be a 'wartime CEO' in threatening times, according to Ben Horowitz, cofounder of top VC firm Andreessen Horowitz

Startup founders are bracing themselves to survive the turmoil created by the coronavirus pandemic, sending employees home and threatening to dry up funding.  As startup founders prepare to adapt to a fast-changing environment, a 2011 blog post by Ben Horowitz, one of the founding partners of Silicon Valley's Andreessen Horowitz, has resurfaced.  The post describes fundamental differences between a CEO best-suited to steer the company during times of peace and times of war.  Business Insider l...
Tags: Apple, Google, Facebook, Steve Jobs, Trends, Intel, Larry Page, Beverly Hills, Silicon Valley, Ben Horowitz, Andreessen Horowitz, Jeff Bezos, Eric Schmidt, Andy Grove, Grove, Andrew Wilkinson


Libra rival Celo launches 50-member Alliance For Prosperity

Some Libra Association members like Andreessen Horowitz and Coinbase Ventures are double-dipping, backing a competing cryptocurrency developer platform. Launching today with over 50 partners, non-profit The Celo Foundation’s ‘Alliance For Prosperity’ offers a way for developers to build decentralized mobile apps that are based on Celo’s blockchain platform and USD stablecoin. The open-source Celo platform is still in testing with plans to officially launch its mainnet in April. The non-profit...
Tags: TC, Mobile, Ecommerce, Apps, Developer, Funding, Godaddy, Tech, Mit, Venture Capital, Crypto, Payments, Andreessen Horowitz, Libra, Cryptocurrency, Blockchain


E-Discovery Company Everlaw Announces $62M Funding round

In writing a year ago about the e-discovery company Everlaw, I noted that it had attracted the interest of some big-name Silicon Valley venture capital firms, having raised nearly $35 million over three years, including being the first legal technology company to receive an investment from Andreessen Horowitz, a firm known for backing a wide-ranging portfolio of successful companies such as Facebook, Twitter, Airbnb, Box and Slack. Today, Everlaw further proved that point, announcing that it has...
Tags: Google, Law, Uncategorized, Silicon Valley, Andreessen Horowitz, University Of California Berkeley, Doj, Menlo Ventures, U S Department of Justice, Shankar, Alphabet Inc, Everlaw, AJ Shankar, AJ Shankar Founder, Facebook Twitter Airbnb Box, FedRAMP Authority


Everlaw announces $62M Series C to continue modernizing legal discovery

Everlaw is bringing modern data management, visualization and machine learning to eDiscovery, the process in which legal entities review large amounts of evidence to build a case. Today, the company announced a $62 million Series C investment. CapitalG (Alphabet’s growth equity investment fund) and Menlo Ventures led the round. Existing investors Andreessen Horowitz and K9 Ventures also participated. The startup has now raised $96 million, according to the company. Everlaw co-founder and C...
Tags: Travel, Startups, TC, Cloud, Big Data, Funding, Andreessen Horowitz, Menlo Ventures, Ediscovery, Shankar, Everlaw, Legal Software, AJ Shankar, CapitalG, K9 Ventures