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TikTok aims to grow its TikTok Shop US business tenfold to $17.5B in 2024, report claims

January 4, 2024

TikTok is looking to grow the size of its TikTok Shop U.S. business tenfold to as much as $17.5 billion this year, according to a new report from Bloomberg. The report indicates that the 2024 merchandise volume goal was recently discussed internally within the company, and could be amended as the year progresses. With this […]

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Exponent Founders Capital, led by Plaid and Robinhood alums, raises $75M to invest in early-stage startups

January 4, 2024

Exponent Founders Capital, an early-stage venture firm founded by alumni of startups such as Plaid, Robinhood and Ramp, has closed on $75 million in capital commitments, TechCrunch is the first to report.  The firm, which is emerging from stealth today, raised $50 million for its first fund in November of 2021. Managing Partners Charley Ma […]

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Big, costly seed deals were the exception in 2023’s lackluster venture capital market

January 4, 2024

Hopes that it would become easier for startups to raise capital in 2023 were left unmet as the year ended. The Exchange explores startups, markets and money. Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday. New data from business database PitchBook paints a modestly dim picture of venture capital investment […]

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Irene T. Cheng, SM ’78

January 4, 2024
“Thinking big, aiming high, and making a difference were rules of the road embedded during my time at MIT,” says Irene Cheng, SM ’78, who went on to a successful Wall Street career as a managing director at Lazard Asset Management after earning a graduate degree in chemical engineering from the Institute. “I was helped…

Calculating the costs of war

January 4, 2024
What can be done to prevent war? That’s the question that drives Neta Crawford, PhD ’92, who chaired the political science department at Boston University from 2018 until 2022 and is now a professor of international relations at Oxford University.  The answer, she believes, is for people to reject armed conflict as an acceptable way…

“Every project is a new adventure,” says architectural shape-shifter

January 4, 2024
When Royal Dutch Shell solicited proposals for a new research center in Belgium in 1985, it received the usual series of plans for lifeless concrete bunkers. Philippe Samyn, SM ’73, took a different tack. Noting the site’s sloping valley and charming beech forest, he envisioned a grouping of administrative buildings and labs connected by streets…

One week left to apply to speak at TechCrunch Early Stage 2024

January 4, 2024

Hello, and welcome to 2024! If, like us, you’re still burning off a holiday sugar rush, here’s the perfect way to focus your energy and boost your reputation as a thought-leader at the same time. Apply to speak at TechCrunch Early Stage 2024, taking place on April 25 in Boston, and share your hard-won expertise […]

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