Silicon Valley Bank collapse is impacting many Indian startups

March 11, 2023

The sudden collapse of Silicon Valley Bank, which served as lifeblood for startups, is also impacting firms 8,000 miles away. Dozens of young Indian startups backed by the likes of YC, Accel, Sequoia India, Lightspeed, SoftBank and Bessemer Venture Partners banked with Silicon Valley Bank, sometimes as their only banking partner, and couldn’t take out […]

Silicon Valley Bank collapse is impacting many Indian startups by Manish Singh originally published on TechCrunch

Flutterwave’s troubles in Kenya yet to end as second case proceeds

March 11, 2023

Africa’s most valuable unicorn Flutterwave is still not off the hook in Kenya. About $3 million of its money that was confiscated in the second government seizure over money laundering and fraud claims remains frozen, in two banks, and 19 mobile money accounts (M-pesa paybill numbers), as the matter is before Kenya’s high court. The […]

Flutterwave’s troubles in Kenya yet to end as second case proceeds by Annie Njanja originally published on TechCrunch

Investor Mark Suster says a “handful” of bad actors in VC destroyed Silicon Valley Bank

March 11, 2023

Yesterday at around noon in Los Angeles, investor Mark Suster of the venture firm Upfront Ventures began urging “calm” on Twitter. Silicon Valley Bank had bungled its messaging on Wednesday around an effort to strengthen its balance sheet, and startup founders were beginning to fear that their deposits at the tech-friendly, 40-year-old institution were at […]

Investor Mark Suster says a “handful” of bad actors in VC destroyed Silicon Valley Bank by Connie Loizos originally published on TechCrunch

Microsoft bets on algae to mitigate its growing carbon footprint

March 11, 2023

Like all of its peers in the tech industry, Microsoft has a carbon pollution problem. The software giant’s emissions are on the rise, in spite of a pledge from the company to be carbon negative by 2030. This ticking clock explains Microsoft’s latest deal to address its environmental toll: It’s turning to Running Tide to […]

Microsoft bets on algae to mitigate its growing carbon footprint by Harri Weber originally published on TechCrunch