Others

Cybersecurity giant Rapid7 announces sweeping layoffs as losses mount

August 9, 2023
U.S. cybersecurity giant Rapid7 has announced plans to lay off 18% of its workforce, affecting more than 400 global employees. In a regulatory filing, the Boston-based cybersecurity company said its restructuring effort is “designed to improve operational efficiencies, reduce operating costs and better align the company’s workforce with current business needs.” The filing confirms that […]

South African VC Knife Capital closes $50M Series B fund for startups with high exit potential

August 9, 2023
South African growth-stage investor Knife Capital has reached the final close of its $50 million fund. The third fund addresses a critical funding gap in growth stages where local investors have historically fallen short.  In a February 2021 interview with managing partner Andrea Bohmert, she noted that Africa had become an incubator for international investors […]

India greenlights privacy bill as opposition members opt to stay absent

August 9, 2023
The upper house of India’s parliament greenlit the long-delayed data protection bill on Wednesday, facing no resistance as opposition leaders opted out of participation. The legislation aims to grant the Prime Minister Narendra Modi-led government greater control over the operations of major tech companies in their crucial foreign market. The Digital Personal Data Protection Bill […]

Teach Me Like I’m 5 with Tim Grover

August 9, 2023
On this episode of the Jeff Fenster show, host Jeff Fenster takes Tim Grover through our segment called “Teach Me Like I’m 5” where we ask 3 simple questions to our guests in hopes of answering the questions others might be too afraid to ask.

Home on the Trading Range

August 9, 2023
The nearly 20% bull run for the S&P 500 (SPY) from the March lows is over. Now it’s time to rest up in a trading range for the next run…

Pretiosum Ventures hits first close on its second fund to back infrastructure startups

August 9, 2023
London-based Pretiosum Ventures has reached the first close of what TechCrunch understands could eventually be a $20 million second fund. Founded in London in 2019 by Yana Abramova, the solo GP fund invests in ‘infrastructure’ startups, (enterprise SaaS, Fintech, and Web3). Pretiosum (a witty inflexion of the Latin phrase ‘pretiōsus’ meaning ‘precious’) typically writes cheques […]

Coupang to ramp up investment in Taiwan after four quarters of profits

August 9, 2023
Coupang, a South Korea-headquartered e-commerce company, said it will accelerate its investment in Taiwan after four straight quarters of profits. Coupang was the most downloaded app in the second quarter of this year in Taiwan, the company said in an earnings call on Wednesday.  “Taiwan is another investment that is thus far exceeding our expectations,” […]