News about Silicon Valley business almost everyday.
SAN FRANCISCO — Kruze Consulting, a CPA and finance consulting company for VC-backed startups, has released new data on the average salary for startup CEOs. 2022 is becoming a record year for startup CEO salaries – averaging $150,000 per year, up from the 2021 average of $146,000, and an increase of 8% since the pandemic […]
CUPERTINO — Apple, on the first day of its WWDC Developers Conference, has introduced a completely redesigned MacBook Air and an updated 13-inch MacBook Pro, both powered by the new M2 chip. With an all-new, thin design and better performance, MacBook Air also features a larger 13.6-inch Liquid Retina display, a 1080p FaceTime HD camera, four-speaker sound […]
MENLO PARK — Meta Platforms — parent company of Facebook, Instagram and Whatsapp — announced that its Class A common stock will begin trading on NASDAQ under the ticker symbol ‘META’ prior to market open on June 9, 2022. This will replace the company’s current ticker symbol ‘FB’, which has been used since its initial […]
Fifteen years ago, Street View began as a far-fetched idea from Google co-founder Larry Page to build a 360-degree map of the entire world. Fast forward to today: There are now over 220 billion Street View images from over 100 countries and territories — a new milestone — allowing people to fully experience what it’s like to […]
NEWARK – Ultima Genomics emerged from stealth mode with a new high-throughput, low-cost sequencing platform that delivers the $100 genome. Ultima’s goal is to unleash a new era in genomics-driven research and healthcare, and it has secured approximately $600 million in backing from leading investors including General Atlantic, Andreessen Horowitz, D1 Capital, Khosla Ventures, Lightspeed, […]
PALO ALTO — Endpoint Health, Inc., a Precision-First therapeutics company dedicated to addressing unmet needs in immune-mediated acute and chronic diseases, announced the close of $52 million in equity and debt financing. Major institutional investors participating in the Series A round included Mayfield, Humboldt Fund, AME Cloud Ventures, Boom Capital, Alix Ventures, Yaya Capital, Wireframe […]
OAKLAND — 1Sharpe Ventures has announced the close of its inaugural fund at $90 million. 1Sharpe Ventures is a proptech-centric early stage investment vehicle grown out of 1Sharpe Capital, a more than $2.5 billion institutional asset manager with equity real estate investments and a credit fund. The new fund was oversubscribed and marks the 12th […]
Apple says its trying to keep the App Store a safe and trusted place for people to discover and download apps. A key pillar in that effort is Apple’s ongoing work detecting and taking action against bad actors who seek to defraud developers and users. Bad actors continue to evolve their methods of online fraud, […]
SAN FRANCISCO — Canonical Crypto, a newly launched venture fund focused on developer infrastructure on the blockchain, has raised $20 million in capital in an oversubscribed round for its inaugural fund. Leading the firm is founder and general partner Anand Iyer, a longtime Silicon Valley operator and investor, who most recently was a visiting partner at Pear […]
SAN FRANCISCO — LaunchNotes, which provides personalized, automated, and secure way to connect your teams and users to your product development lifecycle, has raised a $15 million Series A round led by Insight Partners, with participation from Atlassian Ventures, The New Normal Fund, Essence VC, and existing investors Cowboy Ventures and Bull City Venture Partners. This […]
Shares in Tesla Motors, the leading electric-car manufacturer, tumbled Friday after reports that CEO Elon Musk wants to reduce jobs at the company by 10% to reduce costs. Tesla builds most of its vehicles at its massive 5.3 million square-foot plant in Fremont. The plant employs about 22,000 people. According to a report by Reuters, […]
SANTA CLARA — Housing inventory in the U.S. recorded the first year-over-year increase since June 2019, according to the Realtor.com Monthly Housing Trends Report released today. The median national home price also soared to an all-time high of $447,000 and buyers snatched up listings a week faster than last year. “Among key factors fueling the inventory comeback are […]