Nick Statman

Alibaba Cloud will invest $28 billion more into its infrastructure over the next three years

Alibaba Cloud announced today that it will invest another RMB 200 billion (or about $28 billion) into its infrastructure over the next three years, prompted in part by increased demand for services like video conferencing and live streaming as businesses adap…

France announces $4.3 billion plan to support startups

Frances Ministry of State for Digital Affairs Cédric O and public investment bank Bpifrance announced a comprehensive support plan for startups this morning. Some French startups are going to face revenue issues as well as funding issues in the coming months.…

Wag! CEO Garrett Smallwood explains his firm’s ‘radically different path to profitability’

Wag!, the petcare company known for connecting pet owners with local dog walkers, has recently undergone a series of sweeping changes. In late November, after I was named the new CEO, my management team and I began plotting a radically different path to prof…

GV’s M.G. Siegler on portfolio management, crisis fundraising and his latest investment

The pandemic crisis has pushed entrepreneurs and investors into unknown territory. Google’s GV just led a $10 million investment in Universe, a low-friction website builder that’s venturing into the world of commerce. The investment was in the works before …

Visa backs open banking and compliance platform Railsbank

Railsbank, the open banking and compliance platform, has picked up further investment, following the company’s $10 million Series A in September 2019. This time backing comes from Visa — a strategic investment, if you will — along with Global Brain, a ventur…

Insight Partners sells security firm Checkmarx to Hellman & Friedman for $1.15B

Checkmarx, an Israeli security company acquired in 2015 by private equity firm Insight Partners with an $84 million investment, was sold today to Hellman & Friedman, another private equity firm at a valuation of $1.15B. Nice little profit there, and the c…

Corigin Ventures raises $36M debut fund and looks beyond real estate

Corigin Ventures has traditionally invested in real estate startups using capital from its parent company, New York real estate developer Corigin’s private investment arm. The venture investment arm, founded in 2012, has its roots tied to property all over th…

Need to Know: Why one fund manager sees a wealth bubble putting property and stock market at risk

It was more a terrible than a turnaround Tuesday, after the stock market burped up early gains. Up as much as 4.1%, the Dow Jones Industrial Average DJIA, -0.11% ended 0.1% lower.There isnt data available yet, but the 20% downturn for the S&P 500 …

Get this Razer gaming laptop for *$700* off on Amazon

TL;DR: As of March 12, you can get a Razer Blade 17 gaming laptop for $700 off on Amazon. In this day and age, it’s hard to find an affordable living space where you can fit a huge, desktop-style PC gaming rig. Not unless you want to be paying boatloads in r…

WeWork Can’t Pay the Rent

WeWork has bailed on April rent on some of its locations as the beleaguered coworking space company goes into a financial spiral amid the novel coronavirus pandemic, according to a report from Bloomberg. Citing sources at the company, Bloomberg wrote that it…