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Meal-Kit Maker Blue Apron to Be Sold
The sale to food-delivery startup Wonder would end a disastrous six-year experiment with public ownership. Source link
EV Startup VinFast's Stock Rally Pushes Value Higher Than GM, Ford
Shares in the Vietnamese electric car company more than tripled in its first day of trading, giving it a roughly $86 billion market value. Source
Startups Are Dying, and Venture Investors Aren't Saving Them
Investors are becoming more selective with their bets, threatening the hundreds of startups that raised cash during the recent boom. Source link
Israeli AI Startup Vesttoo Sparks a Global Insurance Scandal
The Tel Aviv-based firm is embroiled in an alleged multibillion-dollar fraud involving faked letters of credit, and may fire its founders. Source link
Rental Cars Are the New Airbnb
Entrepreneurs are renting out fleets of cars through services including Turo and Getaround, or building their own websites. Source link
Venture Firms Scale Back Megafunds
The prolonged startup bear market is forcing some venture firms to unwind investments and scale down expansion plans. Source link
AI startups bringing dollars but lean workforces to ailing San Francisco By Reuters
© Reuters. FILE PHOTO: AI (Artificial Intelligence) letters and robot hand miniature in this illustration taken, June 23, 2023. REUTERS/Dado Ruvic/Illustration/File Photo By Anna Tong
Sapphire Ventures plans to invest over $1 billion in enterprise AI startups By Reuters
© Reuters. FILE PHOTO: AI Artificial Intelligence words are seen in this illustration taken, May 4, 2023. REUTERS/Dado Ruvic/Illustration/ By Krystal Hu (Reuters) -Sapphire Ventures
Sam Altman-Backed Nuclear Startup Is Going Public Through Altman's SPAC
Oklo, which is developing a small modular nuclear reactor, is valued at around $850 million. Source link
Rivian's Rally Makes No Sense—Unless It Uses It to Raise Cash
Shares in the electric-vehicle startup are on track for a record-breaking streak of gains that it could exploit to shore up its balance sheet. Source