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Canada’s “Disrupted”, eh
The inaugural post of this blog was a review of Dan Lyon’s “Disrupted”, which put a point to the unicorn economy, where money losing companies crowd out real businesses by sucking up all the oxygen in the space.
That bubble ha…
Fraud prevention startup NS8 implodes as SEC investigates them for…. fraud
It can’t get much more 2020 than this: Los Vegas based fraud prevention start-up, NS8, who just raised $123 million from the VC firm Lightspeed, just fired nearly everybody via an all hands Zoom meeting, and disclosed that they…
Siri: What is a “Unicorn circle jerk”?
Carta, a unicorn that makes dashboards for managing equity investments in other unicorns is laying off staff and sniffing out a cash injection from existing backers. Bloomberg reports that the company is seekng a $200 million investment from existing investors at a $3 billion valuation, up from 1.8B last year. Somewhat incongruent with the “growth story” picture that normally garners such a sharply higher round, Carta is laying off employees. They just axed 161 people…
