Month: January 2023

Sources: Tiger Global struggles to raise its latest fund after investors learned it secretly paid a senior female staffer $10M to settle allegations of bullying (Semafor)

Semafor: Sources: Tiger Global struggles to raise its latest fund after investors learned it secretly paid a senior female staffer $10M to settle allegations of bullying  —  Tiger Global, the $60 billion firm that’s a major tech investor, has been struggling to raise its latest venture fund since investors learned …

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Letter: Social Capital narrows the scope of its Fund V to ~$1B with a focus on early-stage deals vs prior plan to raise much more and back growth-stage startups (Dan Primack/Axios)

Dan Primack / Axios: Letter: Social Capital narrows the scope of its Fund V to ~$1B with a focus on early-stage deals vs prior plan to raise much more and back growth-stage startups  —  Social Capital, the VC firm led by Chamath Palihapitiya, has narrowed the scope of its new fundraise, according to a letter

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Rent the Runway partners with Amazon to launch an Amazon Fashion online storefront featuring new and second-hand items, expecting ~$4.6M in revenue in Q3 2023 (Olivia Rockeman/Bloomberg)

Olivia Rockeman / Bloomberg: Rent the Runway partners with Amazon to launch an Amazon Fashion online storefront featuring new and second-hand items, expecting ~$4.6M in revenue in Q3 2023  —  Rent the Runway Inc. will launch an online storefront with Amazon.com Inc., expanding the clothing rental company’s reach beyond the subscription business model.

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Congress rejects the US Army’s request for $400M to buy ~6,900 Microsoft HoloLens goggles this fiscal year but approves $40M for the development of a new model (Anthony Capaccio/Bloomberg)

Anthony Capaccio / Bloomberg: Congress rejects the US Army’s request for $400M to buy ~6,900 Microsoft HoloLens goggles this fiscal year but approves $40M for the development of a new model  —  Microsoft Corp. won’t be getting more orders for its combat goggles anytime soon after Congress rejected the US Army’s request …

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