Posts filtered by tags: WeWork[x]


 

Japan’s SoftBank to lead $700 million funding in U.S. startup Katerra: The Information

Japan’s SoftBank Corp (9984.T) plans to lead another investment round in Katerra that would value the California-based construction company at more than $4 billion, the Information reported on Monday. The $700 million investment will be led by SoftBank’s Vision Fund and will pull Katerra’s total equity capital past $2 billion, the Information reported, citing people familiar with the matter. Katerra declined to comment on the matter, while SoftBank was not immediately available to comment. SoftB...
Tags: Japan, California, Softbank, Trends, Information, WeWork, Reuters, VC Deals, Vision Fund, Katerra, SoftBank Corp 9984 T


Why Silicon Valley needs more visas

Henrique Dubugras Contributor Share on Twitter Henrique Dubugras is the founder Brex, the billion-dollar corporate credit provider for startups. When I hear protesters shout, “Immigrants are welcome here!” at the San Francisco immigration office near my startup’s headquarters, I think about how simple a phrase that is for a topic that is so nuanced, especially for me as an immigrant entrepreneur. Growing up in Brazil, I am les...
Tags: Google, Column, Elon Musk, California, Entrepreneurship, Mexico, Berlin, Singapore, Immigration, US, Toronto, San Francisco, Entrepreneur, Tech, Tesla, Canada


Startups Weekly: Will Trump ruin the unicorn IPOs of our dreams?

The government shutdown entered its 21st day on Friday, upping concerns of potentially long-lasting impacts on the U.S. stock market. Private market investors around the country applauded when Uber finally filed documents with the SEC to go public. Others were giddy to hear Lyft, Pinterest, Postmates and Slack (via a direct listing, according to the latest reports) were likely to IPO in 2019, too. Unfortunately, floats that seemed imminent may not actually surface until the second half of 2019 —...
Tags: Startups, Facebook, Lyft, Uber, Money, Pinterest, Wall Street, Softbank, Funding, Tech, Venture Capital, SEC, WeWork, Magic Leap, Sequoia Capital, Donald Trump


SoftBank spent $900 million in investment banking fees in 2018. The only entity it lagged — the People's Republic of China.

SoftBank spent $900 million in investment banking fees in 2018, more than any company in at least a decade. The People's Republic of China is the only entity to outspend the Japanese tech conglomerate. SoftBank has primarily paid fees to investment bankers to raise capital, but it also executed many high profile investments in companies like WeWork and Cruise Automation. If you didn't have SoftBank as an investment banking client in 2018, you missed out on one of the most massive and lucrativ...
Tags: China, Softbank, Trends, Alibaba, Gm, Citigroup, Deutsche Bank, Silicon Valley, Goldman Sachs, WeWork, Goldman, Coupang, Bayer, Nomura, Republic of China, Masayoshi Son


WeWork gets into the food business, backing the superfood startup of big wave surfer Laird Hamilton

WeWork CEO Adam Neumann has been described as an avid surfer, one who has been known to grab his board and go, both in the Hamptons in Long Island, where he reportedly owns a home, as well as in Hawaii. Maybe it’s no surprise, then, that WeWork is now also investing in a so-called superfood company that was created several years ago by big wave surf star Laird Hamilton, who Neumann was apparently surfing alongside just last week. In a video call with Neumann on Monday, a Fast Company reporter no...
Tags: Food, Startups, Tech, Hawaii, WeWork, Fast Company, Long Island, Hamilton, Neumann, Adam Neumann, Laird Hamilton, Recent Funding, Laird Superfood


A small number of banks profited from a SoftBank dealmaking bonanza in 2018 — one of the most lucrative fee opportunities in modern history

SoftBank spent $900 million in investment banking fees in 2018, more than any company in at least a decade. The People's Republic of China is the only entity to outspend the Japanese tech conglomerate. SoftBank has primarily paid fees to investment bankers to raise capital, but it also executed many high profile investments in companies like WeWork and Cruise Automation. If you didn't have SoftBank as an investment banking client in 2018, you missed out on one of the most massive and lucrativ...
Tags: China, Softbank, Trends, Alibaba, Gm, Citigroup, Deutsche Bank, Silicon Valley, Goldman Sachs, WeWork, Goldman, Coupang, Bayer, Nomura, Republic of China, Masayoshi Son


Big Deals, Life Sciences Push U.S. VC in 2018 to Dot-Com Boom Levels

Venture capital investments rose in 2018 to levels not seen since the heady days of 2000, the last year U.S. startups collectively took in more than $100 billion.That’s according to PitchBook and the National Venture Capital Association’s Venture Monitor report, released this week, which tallied nearly 9,000 deals made last year, through which venture investors sunk $130.9 billion into companies. That was about 500 fewer deals than in the year prior, but the total amount invested increased by $...
Tags: Deals, Startups, Lyft, Uber, Entrepreneurship, Funding, Trends, Vc, Software, Pwc, Venture Capital, Angel, National, WeWork, Magic Leap, Biotech


Daily Crunch: Well Facebook, you did it again

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here: 1. Facebook is the new crapware  Well Facebook, you did it again. Fresh off its latest privacy scandal, the troubled social media giant has inked a deal with Android to pre-install its app on an undisclosed number of phones and make the software permanent. This means you won’t be able to delete Facebook fro...
Tags: Google, Security, Social, Fundings & Exits, Startups, Gadgets, Mobile, Facebook, Apps, Hardware, US, Samsung, Tech, Hack, Sprint, WeWork


WeWork gets $2B after SoftBank cuts planned investment

WeWork also announced plans to operate under a new name, The We Company.
Tags: Finance, Softbank, Article, WeWork, FBN, Ken Martin, Fbn/markets, FOXBusiness, Fox-business/markets, Fox-business/industries, 6f0c817f-09eb-52cb-8245-b47661ab5eac


It took a day for WeWork's CEO to recover from the shock of a $16 billion SoftBank investment falling apart

WeWork — the coworking space startup that just changed its name to The We Company — was recently informed it wouldn't receive the full $16 billion investment it was expecting from SoftBank. Plans for the major investment reportedly upset some of SoftBank's government-supported financial backers in Saudi Arabia and Abu Dhabi, who questioned putting so much capital into a startup that was losing money. It reportedly only took a day for Adam Neumann, CEO of what was then still called WeWork, to s...
Tags: Saudi Arabia, Softbank, Trends, United Arab Emirates, WeWork, Son, Abu Dhabi, Fast Company, British Airways, Neumann, Adam, Adam Neumann, Masayoshi Son, The We Company, Masayoshi -RSB- Son


See you tomorrow in Las Vegas

We will be holding a small event during CES in Las Vegas and we want to see you! We’re looking to meet some cool hardware and crypto startups, so the good folks at Work In Progress have opened up their space to us and 200 of you all to hold a meetup and pitch-off. We’ll have some pizza and beer and we can hit a bar after the event for some one on one time with the TC folks. The event will be held at Work In Progress, 317 South 6th Street on Wednesday, January 9, 2019 between 6:00 PM – 9:00 PM PS...
Tags: TC, Gadgets, Tech, Ces, Culture, Las Vegas, WeWork, Meetup, Consumer Electronics Show


WeWork gets $2 billion after SoftBank cuts planned investment

WeWork said on Tuesday that Japan's SoftBank boosted its stake in the company by $2 billion in a deal that is billions of dollars below what the shared workspace provider had hoped to raise to fund growth and buy out existing shareholders.
Tags: Japan, Money, Softbank, businessNews, WeWork


WeWork rebranding won’t work

The company formerly known as WeWork has rebranded as the We Company — although a better name for its network of on-demand office spaces for the newly incorporated and nominally employed; co-living spaces for the same Easyjet-set; and educational and coding services could be “House of Cards”. News of the rebranding (first reported via Fast Company) comes on the heels of reports that the company would no longer be receiving a planned $16 billion golden parachute to escape a soon-to-be-sinking rea...
Tags: TC, Real Estate, Softbank, Tech, Bloomberg, Bank, WeWork, Easyjet, Fast Company, Neumann, Adam Neumann, Masayoshi Son, SoftBank Group, SoftBank Vision Fund, Real Estate Investment, Vision Fund


SoftBank to invest additional $2 billion in WeWork, say sources: Reuters

SoftBank Group Corp (9984.T) will inject another $2 billion in WeWork Cos Inc this year, bringing the Japanese conglomerate’s total investment in the office space provider to more than $10 billion, according to two people familiar with the matter. The new investment will value WeWork at $47 billion, one of the sources said. SoftBank will separately convert previously purchased warrants into equity at a valuation of $20 billion, the source added. The new investment extending its minority stake, w...
Tags: Japan, Saudi Arabia, Softbank, Trends, Silicon Valley, WeWork, Reuters, SoftBank Group Corp, Uber Technologies Inc, Softbank Corp, The Financial Times, VC Deals, Ken Miyauchi, Vision Fund, WeWork Cos Inc, Nvdia Corp


10 things in tech you need to know today

Good morning! This is the tech news you need to know this Tuesday. The world's largest tech show CES has kicked off, and LG stole the show with a "rollable" TV that disappears into a box at the push of a button. When not being used, the skinny TV rolls down into a box that also doubles as a soundbar. Apple trolled Google with a massive billboard at CES, which it isn't even attending. The ad was positioned near Las Vegas' monorail system, whose shuttles are emblazoned with Google ads. SoftBank ...
Tags: Apple, Google, Amazon, Microsoft, Saudi Arabia, China, Softbank, Disney, US, Samsung, Trends, Bloomberg, Harvard, Canada, Las Vegas, WeWork


SoftBank Plans Reduced $2 Billion Investment in WeWork

SoftBank, which has already invested more than $8 billion in WeWork, had discussed taking a controlling position in the co-working startup, potentially spending $16 billion to buy a larger position in the company, said the people, who requested anonymity because the talks are private. Recent declines in tech stocks -- particularly SoftBank’s shares, which are down about 20 percent in the last month -- played a role in the decision to reduce the deal’s scope, one of the people said. SoftBank an...
Tags: Science, Softbank, WeWork


For SoftBank, no majority stake in WeWork as it scales down talks from a new $16 billion investment to $2 billion

Several weeks after it was reported by the WSJ that two of the biggest investors in SoftBank’s massive Vision Fund vehicle were cool on its planned $16 billion investment in the coworking company WeWork, those plans have changed radically, says the Financial Times. According to its sources — and confirmed by our own — SoftBank is now in “detailed negotiations” to invest a comparatively modest $2 billion more into WeWork, plans that could be firmed up as soon as the end of this week. A WeWork ...
Tags: Real Estate, Saudi Arabia, Boston, Softbank, Tech, Community, WeWork, Abu Dhabi, Financial Times, Journal, WSJ, Zymergen, Neumann, Emeryville, Adam Neumann, Masayoshi Son


SoftBank has slashed a planned $16 billion mega-investment in WeWork after facing objections and will now invest $2 billion (SFTBY)

SoftBank has backed off its plans to invest an additional $16 billion into the privately-held workspace startup WeWork, according to the Financial Times. Instead, the Japanese tech company will invest just $2 billion, according to the report. The deal has not yet been finalized. SoftBank's initial plan, reported in October, would have given it a majority stake in WeWork. But the size of the deal reportedly upset some of its biggest financial backers in Saudi Arabia and Abu Dhabi. SoftBank has...
Tags: California, Saudi Arabia, Softbank, Trends, Virgin Galactic, WeWork, Abu Dhabi, Times, Wall Street Journal, Masayoshi Son, SpaceX Blue Origin, Financial Times Instead, Abu Dhabi SoftBank, Financial Times Instead SoftBank


'That's not true': Amazon's Alexa just hilariously interrupted a Qualcomm representative in the middle of a demo at CES (QCOM, AMZN)

Amazon's Alexa interrupted a Qualcomm representative giving a demo at the CES trade show on Monday afternoon in an eerie sign that artificial intelligence really does have a mind of its own. Reporters at the event tweeted about Alexa's notable interruption, in which the voice assistant reportedly responded to the speaker with "No, that's not true." The Qualcomm rep was reportedly giving a live demo on how Alexa works with automobiles, and the device did not perform as intended. Semiconductors f...
Tags: Amazon, Softbank, Trends, WeWork, Qualcomm, Alexa, Google Pixel, Tina Trinh, Jim Harris, CES QCOM AMZN, Qualcomm Alexa, Hehe Alexa


'That's not true': Amazon's Alexa just hilariously interrupted a Qualcomm exec in the middle of a demo at CES (QCOM, AMZN)

Amazon's Alexa interrupted a Qualcomm executive giving a demo at CES on Monday afternoon in an eerie sign that artificial intelligence really does have a mind of its own. Reporters at the event tweeted about Alexa's notable interruption, in which the voice assistant reportedly said "No, that's not true," in response to something said by the speaker. The Qualcomm represenative was reportedly giving a live demo on how Alexa works with automobiles, and the device did not perform as intended. Semic...
Tags: Amazon, Softbank, Trends, Ces, WeWork, Qualcomm, Alexa, Tina Trinh, Jim Harris, CES QCOM AMZN, Qualcomm Alexa, Hehe Alexa


Netflix Pulls American TV Episode in Saudi Arabia That Criticizes Khashoggi Murder and Silicon Valley Investment

Netflix has removed an episode of comedian Hasan Minhaj’s show Patriot Act from the streaming platform in Saudi Arabia amid pressure from the Saudi government. The episode, which was first made available around the world on October 28, 2018, criticized government leaders over the murder of Washington Post reporter…Read more...
Tags: Google, Uber, Science, Washington Post, Youtube, Saudi Arabia, Netflix, WeWork, Yemen, Donald Trump, Patriot Act, Slack, Doordash, Mohammad Bin Salman, Hasan Minhaj, President Trump


Join us in Las Vegas during CES

We will be holding a small event during CES in Las Vegas and we want to see you! We’re looking to meet some cool hardware and crypto startups so the good folks at Work In Progress have opened up their space to us and 200 of you all to hold a meetup and pitch-off. The event will be held at Work In Progress, 317 South 6th Street on Wed, January 9, 2019 between 6:00 PM – 9:00 PM PST. There are only 200 tickets so if you want to come please pick one up ASAP. The meetup is open to everyone so head ov...
Tags: Startups, TC, Gadgets, Tech, Ces, Las Vegas, WeWork, Perception, Meetup, Cognitive Science


With today’s IPO sinking, a year of highs and lows for SoftBank

If there was a word that dominated startup and tech news coverage this year, it was SoftBank. The Japanese telecom conglomerate’s Vision Fund pushed out a prodigious amount of capital this year — quite literally billions of dollars — into companies as diverse as a molecular manufacturer (Zymergen) and a robotic pizza delivery business (Zume Pizza). It was a year of highs as its Flipkart transaction produced billions in returns, as well as a year of incredible lows, what with the crisis over Saud...
Tags: Apple, Amazon, TC, Uber, Asia, Japan, London, Hardware, Saudi Arabia, Finance, Government, Kingdom, Softbank, Tech, Walmart, Bloomberg


Women-only coworking space The Wing just raised $75 million led by Sequoia Capital

The Wing, a coworking space company for women, just raised $75 million.  The round was led by Sequoia Capital, whose partner Jess Lee will join the board. The coworking space has raised $117 million altogether from investors including WeWork and Airbnb. The Wing, a female-focused coworking space company, has raised $75 million in a Series C, the company announced Wednesday. The round was led by Sequoia Capital partner Jess Lee, former CEO of Polyvore, with participation from Upfront Ventures,...
Tags: Trends, WeWork, Sequoia Capital, Nea, Polyvore, Jess Lee, Lee, Kara Nortman, Wing s, Upfront Ventures Airbnb, WeWork Lee, WeWork The Wing


The Wing gets $75M from Sequoia, Airbnb

The Wing, the owner of several co-working spaces and social clubs designed for women, has garnered the support of Sequoia Capital in its latest funding round. The startup has announced a $75 million Series C led by the storied venture capital firm, with support from Airbnb and Upfront Ventures, as well as existing investors NEA and WeWork. Headquartered in New York, The Wing was founded by Audrey Gelman and Lauren Kassan in 2015. To date, the pair have raised $117.5 million, including a...
Tags: Startups, Hollywood, Kerry Washington, White House, Valerie Jarrett, Funding, San Francisco, Tech, Paris, Venture Capital, Airbnb, WeWork, Sequoia Capital, Upfront Ventures, Brian Chesky, Nea


See you tomorrow in Warsaw

I’m pleased to announce that I’ll be seeing you Varsovians tomorrow night at our pre-holiday meet-up. The Warsaw event, here, is on the 19th at WeWork in Warsaw. I’ve already chosen folks to pitch but please come and support your fellow start-uppers. Special thanks to WeWork Labs in Warsaw for supplying some beer and pizza for the event and, as always, special thanks to Dermot Corr and Ahmad Piraiee for putting these things together. See you soon!
Tags: TC, Tech, WeWork, Warsaw, WeWork Labs, Dermot Corr, Ahmad Piraiee


Last call for Polish pitch-offs

I’m heading back to Europe to hang out in Wroclaw and Warsaw so it’s last call for pitch off applications. I’ll be at a Wroclaw event, called In-Ference, which is happening on December 17 and you can submit to pitch here. The team will notify you if you have been chosen. The winner will receive a table at TC Disrupt in San Francisco. The Warsaw event, here, is on the 19th at WeWork in Warsaw. You can sign up to pitch here. I’ll notify the folks I’ve chosen and the winner gets a table at TC Disru...
Tags: Startups, TC, Europe, San Francisco, Tech, WeWork, Warsaw, Wroclaw, Ference, WeWork Labs, Dermot Corr, Ahmad Piraiee


Female-Centric Coworking Firm The Riveter Raises $15M to Fuel Growth

The outlook appears to be rosy for The Riveter.The Seattle-based startup, which bills itself as a “membership network built by women, for everyone,” says it has raised $15 million in new funding.The Riveter, which launched in May 2017, operates coworking spaces and organizes events and workshops for its members and the public. It currently has three locations in its home city and two in Los Angeles, and plans to use some of the proceeds from the new funding round to expand to other parts of the...
Tags: Deals, Startups, California, Entrepreneurship, Los Angeles, Trends, Vc, WeWork, Seattle, Madrona Venture Group, Regus, PitchBook, JLL, National blog main, Seattle blog main, Seattle top stories


Wellness giant Life Time targets co-working, shopping malls for next act

Founded in 1990 by CEO Bahram Akradi, Minnesota-based Life Time used to be known as a premier health club that operated large gyms mainly in affluent suburbs in Midwestern and Southern states. Its success was memorialized in 2015 when two leading private equity firms, Leonard Green & Partners and TPG Capital, led a $4-billion deal to take the company private. But rather than retire or move on to new challenges, Akradi chose to remain in his leadership post and continue to build the Life Time bra...
Tags: Health, Amazon, TC, Real Estate, New York, Minnesota, California, Time, America, San Francisco, Tech, Indiana, GS, Miami, Private Equity, Silicon Valley


The Madison Square Garden Company Hires Former Hilton CMO to Lead Marketing Team

The Madison Square Garden Company announced today that it has hired Geraldine Calpin to serve as the company's new evp and CMO, effective immediately. Calpin will report to the company's president Andrew Lustgarten. Calpin joins the team from WeWork, where she served as CMO for just under a year. In that role she was responsible...
Tags: Advertising, CMO, WeWork, Madison Square Garden Company, Geraldine Calpin, Calpin, Leadership & Talent, Hilton CMO, Lead Marketing Team, Andrew Lustgarten Calpin