Drive Capital was founded by two former Sequoia Capital Partners looking to start anew in the Midwest. But investors in the Columbus, Oh.-based firm have had a bumpy ride of late, and according to our sources, they aren’t enjoying it. It’s a dramatic turn for Drive, which announced $1 billion in capital commitments back in…
Drive Capital was founded by two former Sequoia Capital Partners looking to start anew in the Midwest. But investors in the Columbus, Oh.-based firm have had a bumpy ride of late, and according to our sources, they aren’t enjoying it. It’s a dramatic turn for Drive, which announced $1 billion in capital commitments back in…
When Peter Clowes last updated his LinkedIn profile, he listed his role as “Layoff Survivor” at Twitter. Yet Clowes, a senior software engineer who joined the company in the spring of 2020, is now gone, too. He quit yesterday, dispassionately explaining last night on Twitter that he decided to leave not to hobble Twitter or…
U.S. government contractor Booz Allen Hamilton has disclosed that a former staffer downloaded potentially tens of thousands of employees’ personal information from the company’s internal network. The government and defense contractor said that one of its staffers, while still employed by the company, downloaded a report containing the personal information of “active employees as of March…
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week, Alex and Natasha discussed the latest and greatest of this consuming news cycle. Our goal with the episode, as always, is to go beyond what you may see in a 140…
Twitter has published a policy change saying that newly-created Twitter accounts will have to wait 90 days before being allowed to subscribe to the new Twitter Blue plan and get verified. This is likely to avoid impersonation and spam from verified accounts. “Newly created Twitter accounts will not be able to subscribe to Twitter Blue…
Ticketmaster is facing more scrutiny from politicians after its chaotic presales for tickets to Taylor Swift’s tour. Tennessee attorney general Jonathan Skrmetti said he is looking into whether Ticketmaster violated consumer’s rights and antitrust regulations. Skrmetti is the latest politician who has called attention to Ticketmaster and Live Nation’s hold on the ticketing market. This…
Stellantis plans to “explore alternative business models,” such as subscriptions and car sharing, when it launches its all-electric Fiat 500e in the U.S. in the first quarter of 2024, Fiat CEO Olivier Francois told TechCrunch at the 2022 Los Angeles Auto Show. The exec did not rule out limiting the 500e’s U.S. launch entirely to…
Merch is coming to OnlyFans. In a partnership with Spring — the merch company formerly known as TeeSpring that just got acquired by Amaze — OnlyFans creators can sell physical products to their supporters directly on their platform pages. The feature works via an integration. If you go to a creator’s page who has a…
Composing a thread on Twitter can be challenging as you need to separate the whole text into 280-character chunks. However, the company now seems to be working on a solution to turn long-form text into a thread automatically. According to a tweet posted by app researcher Jane Manchun Wong, twitter’s composer will automatically break the…
