SocialRank sells biz to Trufan, pivots to a mobile LinkedIn

What do you do when your startup idea doesn’t prove big enough? Run it as a scrawny but profitable lifestyle business? Or sell it to a competitor and take another swing at the fences? Social audience analytics startup SocialRank chose the latter and is going for glory. Today, SocialRank announced it’s sold its business, brand, […]

Steve Jang & Kanyi Maqubela form or fund as Kindred Ventures

Venture capitalists often mutter, “I haven’t seen anything I like lately.” Founders frequently complain that “investors are back-seat drivers who won’t get their hands dirty.” A $55 million fund with a fresh approach is aiming to address both those issues. Steve Jang and Kanyi Maqubela are two exceedingly smart and sweet guys who couldn’t help […]

John Carmack steps down at Oculus to pursue AI passion project ‘before I get too old’

Legendary coder John Carmack is leaving Facebook’s Oculus after six years to focus on a personal project — no less than the creation of Artificial General Intelligence, or “Strong AI.” He’ll remain attached to the company in a “Consulting CTO” position, but will be spending all his time working on, perhaps, the AI that finally […]

Ex-Facebook CPO Chris Cox now advises on climate & campaign tech

Chris Cox’s motivational speeches were at the heart of Facebook’s new employee orientation. But after 14 years at the social network, the Chief Product Officer left in March amidst an executive shake-up and Facebook’s new plan to prioritize privacy by moving to encrypt its messaging apps. No details on his next projects were revealed. Now […]

Fountain, a platform for recruiting gig and hourly workers, raises $23M

Contract, self-employed and temporary jobs are on the rise in developed markets, with some 85% of the global workforce, 2.7 billion people, estimated to be on some form of hourly wage rather than flat salary. Today, a startup that helps companies source these kinds of candidates is announcing a round of funding to help meet […]

Facebook staff demand Zuckerberg limit lies in political ads

Submit campaign ads to fact checking, limit microtargeting, cap spending, observe silence periods or at least warn users. These are the solutions Facebook employees put forward in an open letter pleading with CEO Mark Zuckerberg and company leadership to address misinformation in political ads. The letter, obtained by The New York Times’ Mike Isaac, insists […]

Fair, the SoftBank-backed car subscription startup, lays off 40% of staff, sacks CFO

As the market continues to turn against the wave of highly valued venture-backed startups operating with little end in sight to their huge losses — Uber and WeWork being two prime examples — another startup is taking a proactive step to get ahead of the story, by cutting costs and restructuring before public opinion forces […]

Lowlights from Zuckerberg’s Libra testimony in Congress

‘I don’t control Libra” was the central theme of Facebook’s CEO’s testimony today in Congress. The House Of Representatives unleashed critiques of his approach to cryptocurrency, privacy, encryption, and running a giant corporation during almost five hours of hearings. Zuckerberg tried to assuage their fears while stoking concerns that if Facebook doesn’t build Libra, then […]

Labor leaders and startup founders talk how to build a sustainable gig economy

Over the past few years, gig economy companies and the treatment of their labor force has become a hot button issue for public and private sector debate. At our recent annual Disrupt event in San Francisco, we dug into how founders, companies and the broader community can play a positive role in the gig economy, […]

Opendoor appoints CFO, CPO

Opendoor has named Gautam Gupta its chief financial officer and chief business officer, critical roles as the business continues to alter the way in which homes are bought and sold. Uber’s former head of finance, Gupta joined the $3.8 billion home-selling platform as its chief operating officer in 2017. The company, which has raised more […]