Natasha Mascarenhas

2 weeks ago | theinformation.com | Natasha Mascarenhas

When Chime CEO Chris Britt pitched his company to venture capitalists a decade ago, he got a lot of handshakes and little money. Venture capitalists, he has said, were too rich to understand why low- or no-fee bank accounts would appeal to people living paycheck to paycheck. He said investors would question him: “What’s the problem? I don’t get charged fees. Morgan Stanley doesn’t charge me any fees. I don’t get this.” More than 200 firms said no, Britt said in a 2021 interview.

3 weeks ago | theinformation.com | Natasha Mascarenhas

Source: BloombergAnysphere, the maker of popular coding assistant Cursor, has surpassed $500 million in annualized revenue, according to Bloomberg. The revenue milestone is more than double its pace of $200 million in annual recurring, or subscription, revenue as of March. The company did not respond to requests for comment. It’s unclear what led to such a rapid revenue increase over the last three months.

3 weeks ago | theinformation.com | Natasha Mascarenhas

Summer for venture capitalists used to be a time when dealmaking slowed down, as investors headed to the Italian Riviera or shifted their podcast recordings to a boat on Lake Tahoe. But that wasn’t the case last year, and it certainly isn’t shaping to be this year, either. Google challenger Perplexity is in the middle of raising $500 million—or more—in a deal that would value it at $14 billion.

4 weeks ago | theinformation.com | Natasha Mascarenhas

A few months ago, I wrote about a number of early-stage startup founders who chose not to raise venture capital after an initial seed round, instead running their startups on the sales their businesses were generating. Dan Shipper, founder of media and artificial intelligence software startup Every, is taking this “seed-strapping” approach a step further.

1 month ago | flipboard.com | Natasha Mascarenhas

10 hours agoTesla's monthly sales in Europe plunge by almost 50% amid protests and backlash against Elon MuskTesla sales across Europe plummeted by almost 50% last month even as the broader market for electric cars saw growth in the region, according to data …7 hours agoHere's Why Your iPhone Is Glowing Around The EdgesEven if you've been using an iPhone for years and know it inside out, it can still surprise you at times.