The company, which debuted last year with big plans to disrupt journalism, generated only $3 million in revenue by the end of December.
Category: venture-capital
No Oversight: Inside a Boom-Time Start-Up Fraud and Its Unraveling
False claims and risky trades at the Silicon Valley start-up HeadSpin were part of a pattern of trouble emerging at young companies that lacked controls.
NAR opens application window for REACH tech accelerator
The National Association of Realtors’ for-profit venture capital arm, Second Century Ventures, runs the program. Applications are due by Jan. 31.
How Elon Musk and Larry Page’s AI Debate Led to OpenAI and an Industry Boom
The people who were most afraid of the risks of artificial intelligence decided they should be the ones to build it. Then distrust fueled a spiraling competition.
In Biden’s Climate Law, a Boon for Green Energy, and Wall Street
The law has effectively created a new marketplace that helps smaller companies gain access to funding, with banks taking a cut.
The Stock Market Hopes Arm’s IPO Is a Hit
Arm, the British chip designer owned by SoftBank, will provide clues as to whether the I.P.O. market may revive after a very quiet year.
VC-backed Roam seeks to connect buyers to assumable mortgages
In theory, any government-backed FHA, VA and USDA loan is assumable, and with mortgage rates at levels not seen in two decades, interest in this little-used option has been growing.
How the Dream of Building a California City From Scratch Got Started
A former Goldman Sachs trader moved to the Bay Area to make it in tech. He ended up buying rural land with money from some of Silicon Valley’s wealthiest people.
Crypto’s Next Craze? Orbs That Scan Your Eyeballs.
Sam Altman, OpenAI’s chief executive, has started Worldcoin, a cryptocurrency project that aims to scan billions of human irises.
Location! Location! Funding! Local Logic lands $13M in Series B round
The funds will go toward general operations and services expansion to help the space “better understand the impact of location,” according to a company announcement.