What’s Turo worth? | TechCrunch

Late last week, Turo, a startup that allows consumers to rent their cars to one another, updated its IPO filing to include full-year data from 2022, giving us a better understanding of its post-COVID performance. Turo, a venture-backed company that has raised hundreds of millions while private, filed privately to go public back in 2021.…

First Citizens to acquire failed Silicon Valley Bank

First Citizens BankShares has agreed to buy Silicon Valley Bank, the California lender that served as lifeblood of thousands of startups before its collapse sent shockwaves through the financial sector, the U.S. Federal Deposit Insurance Corporation said on Monday. The failure of Silicon Valley Bank is estimated to incur a loss of about $20 billion…

Pinterest brings shopping capabilities to Shuffles, its collage-making app

Pinterest announced today that it’s testing ways to integrate Shuffles collage content into Pinterest, starting with shopping. Shuffles, which is Pinterest’s collage-making app, launched to general public last November. To use Shuffles, users build collages using Pinterest’s own photo library or by snapping photos of objects they want to include with their iPhone’s camera. The…

Why this round of tech-optimism feels different

One of my most joyous technology memories concerns Project Origami. The effort from Microsoft, Intel and others launched ultra-mobile PCs, or UMPCs. The devices, akin to squeezing a full Windows machine into something about the size of an midrange iPad often complete with a physical keyboard, utterly fascinated me back around 2006. At that time…

Pinterest brings shopping capabilities to Shuffles, its collage-making app

Pinterest announced today that it’s testing ways to integrate Shuffles collage content into Pinterest, starting with shopping. Shuffles, which is Pinterest’s collage-making app, launched to general public last November. To use Shuffles, users build collages using Pinterest’s own photo library or by snapping photos of objects they want to include with their iPhone’s camera. The…

The tide has shifted for solo GPs

Welcome to Startups Weekly, a nuanced take on this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here. It’s hard to be proactive after the tide has already shifted. However, that’s what we’re seeing happen in the solo GP world, where investors, hearing…