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2 mins read

Founders Fund partner Sam Blond has left the firm

Sam Blond leaves Founders Fund to return to life as an operator. It marks the second departure fro…

Melia Russell   


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2 mins read

Ratan Tata’s fund-backed Axio Biosolutions raises $6 million to strengthen its position in India

Axio Biosolutions, which develops hemostatic and advanced wound care products, has raised $6 millio…

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2 mins read

Denver's Basic Income Project has been so successful it's getting more funding and an extension

After receiving additional funding, a Denver guaranteed income program supporting the city's lowest…

Kenneth Niemeyer,Noah Sheidlower   


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3 mins read

Axios is being sold to Cox Enterprises for $525 million

The sale comes after a bevy of blockbuster media mergers, including Complex and BuzzFeed, and Vox a…

Travis Clark   


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2 mins read

Courts should be able to reverse crypto transactions and unmask the people behind them, US congressman says

Until the industry can come up with solutions to manage ransomware attacks, crypto anonymity will b…

Shalini Nagarajan   


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Several news organizations go silent on Twitter after Elon Musk adds 'government-funded media' label to some accounts

After Twitter labeled NPR "government-funded," some news organizations expressed solidarity by refu…

Kate Duffy   


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1 min read

A 26-year-old Trump-backed congressional candidate appears to be fueling his campaign with trust-fund money

Bo Hines of North Carolina will become the youngest member of Congress if elected in November.

Madison Hall   


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2 mins read

GroupM shakeup, WPP embraces in-housing, Axios' big hire

Inside the failed deal that almost made 'The Irishman' Netflix's first wide theatrical release O…

Lucia Moses   


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4 mins read

3 ways Biden's infrastructure bill will transform America in the next 10 years

The bipartisan bill will touch your life if you drink water, use the Internet, or drive a car, pump…

Juliana Kaplan,Ben Winck   


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5 mins read

Kim Kardashian reportedly earned up to $1 million speaking at a hedge fund conference weeks after speaking at Harvard about her private equity firm

SKKY Partners, which launched in September, is one of three brands currently owned by Kim Kardashia…

Hannah Getahun   


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2 mins read

Automobile marketplace Droom is raising $200 million in a pre-IPO round at unicorn valuation

Online automobile marketplace Droom has got the wheels rolling for its initial public offering (IPO…

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2 mins read

The Whole Truth, a ‘healthy’ packaged food brand, raises $6 million to enter new categories

Healthy packaged food startup The Whole Truth (TWT) has raised $6 million in its Series A round led…

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3 mins read

Buzzy news startup Axios made 3 key hires to help lead the company's expansion to subscriptions

"I wouldn't get fixated on the fact that we may or may not have a subscription product," he said. "…

Lucia Moses   


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2 mins read

A Russian oligarch's $90 million superyacht could be sold to fund Ukraine's defense under Biden's new proposal

Tango, the 255-foot luxury yacht owned by sanctioned Russian oligarch Viktor Vekselberg, was seized…

Hannah Towey,Sam Tabahriti,Dominick Reuter   


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3 mins read

Internal memo: Buzzy startup Axios just made a big newsroom hire as it aims for 200 in headcount this year

· I first worked with Sara years and years ago when they were both starting out as Washington Post…

Lucia Moses   


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2 mins read

Coinbase's CEO says FTX's Sam Bankman-Fried reached out for emergency funds: 'It felt like a pretty bad situation that we wanted to stay away from'

Coinbase CEO Brian Armstrong said FTX reached out for help with emergency funds, but Armstrong said…

Samantha Delouya   


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3 mins read

Wall Street and Main Street are both scared of inflation, and how the US economic recovery will hit their wallets

Fund managers now see higher-than-expected inflation as the biggest risk to markets, and Google sea…

Ben Winck   


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2 mins read

Hedge funds exit SPACs as the honeymoon with blank-check companies ends

Hedge funds like Blackstone, BlueCrest, and Citadel have dumped their shares in Michael Klein's SPA…

Dan DeFrancesco,Jordan Parker Erb   


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4 mins read

3 top executives at Axios, one of the hottest media startups around, have left in quick succession

And by its own accounts, Axios is still in strong growth mode. It has said revenue would double in …

Lucia Moses   


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3 mins read

The FEC affirmed that foreigners can fund US ballot measures because they're technically not elections

The commission ruled 4-2 that an Australian mining company did not break the law by helping to bank…

Bryan Metzger